Bomcas Canada Accountant

Cash flow is vital to daily operations and strategic planning. Learning how to manage it can help you cope with unanticipated changes in your business. It is a skill you can take with you into other endeavors. Here are some tips to help you manage your cash flow. Cash flow is essential to daily operations A nonprofit organization's cash-flow management is vital to its daily operations. Cash-flow management can help nonprofits meet their daily expenses and strategic plans. However, it is not just about knowing how much money is coming in and going out. It can also help nonprofits avoid…

There are many different types of legal structure for businesses in Canada. These include corporations, limited partnerships, sole proprietorships, and trusts. Each has their own legal and business advantages and disadvantages. To learn more about the different types of legal structures, read on. Listed below are common types of businesses in Canada. Corporations There are two common types of legal structure for businesses in Canada: corporations and partnerships. A corporation is a legal entity separate from its owners and can carry on business throughout Canada, although the Canadian Business Corporations Act requires that the head office and a quarter of…

There are many different accounting softwares available in Canada. The features and functionalities vary considerably, so choosing the right one for your business is crucial. Some of the features you should look for in a software package include accounts receivable, inventory tracking, and integration with your bank accounts. Accounts receivable There are many different accounting softwares available for small businesses, and it's important to choose the one that best meets your business needs. While some systems may be more advanced than others, most are capable of managing basic financial data and handling invoicing and reporting. In addition, many systems can…

GST stands for goods and services tax, and it is a value-added tax in Canada. It was introduced on January 1, 1991, and is administered by the Canada Revenue Agency. It replaced the previous 13.5% manufacturers' sales tax. There are several things you need to know about this tax. These include its rates, how to register, filing requirements, and refunds. Tax rates GST (Goods and Services Tax) is a federal tax that applies to the sale of goods and services in Canada. There are various GST rates in Canada. Some provinces impose a higher rate than others, while others have…