Jan 21, 2020 | Virtual Accountant
If entrepreneurs are great at the work that their business does, virtual accountant says that it does not necessarily make them good at actually running that business. In fact, half of all Canadian entrepreneurs that open their business will end up failing within five...
Jan 21, 2020 | Virtual Accountant
When entrepreneurs get into running a business for the first time, virtual accountant says they are in a difficult position of learning how to run a business without the benefit of being able to make mistakes. Therefore, they have to avoid filing anything and...
Jan 20, 2020 | Virtual CFO
Not only is it very important for an entrepreneur to understand all of the various expenses in their business says virtual CFO, but understanding that, can help an entrepreneur calculate the gross margin in their business which can help them avoid running out of...
Jan 20, 2020 | Virtual CFO
Understanding the difference between general and overhead expenses can help entrepreneurs calculate gross margin in their business says virtual CFO. The reason why this is important is when an entrepreneur understands how much money they are making in their business,...
Jan 20, 2020 | Virtual CFO
Intuit, the makers of QuickBooks did a survey of small business owners, testing them on their financial literacy says virtual CFO. They were asked questions about what balance sheets are, what are accruals and how to improve cash flow. Out of all of the respondents,...
