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What is the 50/30/20 budgeting Rule?

50% of your income should be spent on your needs

30% of your income should be spent on things you want

20% of your income should be put towards your savings


Keep an eye on where your money is going.


One of the easiest ways to spend outside of your budget is to just tap that debit or credit card without thinking about it. It's ok to buy things that you want but just be mindful of what you are spending and review your spending habits regularly to make sure you are not spending outside of your means and you are staying within your budget.

Ontario Small Business Support Grant

Applications opened on January 15th, if you need assistance applying please connect with us by clicking the link below.

https://bookkeepingandbusinessetc.17hats.com/p#/scheduling/hrdhwfpnskbkndsswhfczzngcnrvggsg

https://news.ontario.ca/en/release/59968/applications-now-open-for-ontarios-small-business-support-grant

It's time to open that shoebox or draw stuffed with receipts..... we are going to organize them!

The time is now! With all that is happening in the world there has never been a more important time to stay on top of tracking your expenses.

Keeping track of your receipts is a must!

1) You need those receipts for tax deductions
2) You need those receipts to track your expenses and truly know
where your money is going
3) For budgeting purposes

You can't make wise business decisions if you don't know where you are at!

I know dealing with months and months of receipts can be overwhelming but that is what I am here for.

Schedule a call to learn more about how I can help.

Your bookkeeping to do list:

Organize your paper receipts
Send invoice reminders
Log your mileage
Update your budget
Organize digital receipts
Compare your budget to your actuals

These are simple yet essential tasks that should be done on a regular basis in order to run a successful business!

Happy New Year!

It's a brand new year! And with that comes a bit of housekeeping.

Business owners record your odometer reading for the end of 2020 and the start of 2021

Take a photo of your odometer and keep it somewhere safe. You will need this information as proof of your ending mileage for 2020 and your beginning mileage for 2021.

Recorded properly auto expenses can be a completely bulletproof way of incurring non-taxable income. If you have car expenses let the business pay for some of them!