Meet Your Team-Gemma your Virtual Controller
Gemma Lee, our new Finatics Virtual Controller, wants people to feel comfortable when they’re talking about numbers. “It’s hard to make numbers fun, and most people see it as a chore,” explains Gemma, who hails from England but has lived in Canada for 16 years....
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Understanding your business margins
Ask any finance professional, and they will tell you that it’s important to understand your business margins. Why? Profit margins are ratios that help tell you how well your business is doing by gauging profitability. Calculating profit margin determines...
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Importance of Inventory Tracking
When you think about inventory tracking, you’re most likely thinking about physically counting goods or maybe scanning things in and out. Inventory management is more than checking the shelves or warehouse. Robust accounting processes and accounting software help...
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How to determine a winning pricing strategy
Determining how to price your product or service is critical to success. When you are considering what to charge your customers, it’s important to know your costs by: ItemGross margin by itemVolume of sales by item If you have multiple items in a product line, each...
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Staying ahead of growth overwhelm by planning ahead
When small business owners want to know the secret to staying in business (profitably!), the answer is to keep planning ahead. Cash flow is typically the biggest challenge for startups and small business owners. Being able to manage your cash flow to cover not just...
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Hiring: What are the differences between an Employee or Contractor?
If you own a small business or startup, it’s always a question of when - or if - you hire people as employees or contractors. How do you know which is the right option for your organization? Hiring employees means you’ll have to handle Canada Pension Plan (CPP)...
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Starting a business: When is the right time to hire accounting help?
There are certain times when it makes sense to hire accounting help -- but we say that as an accounting team. When you’re starting a business, you might not know when to consult an accountant. As one client said, I didn’t know what I didn’t know! Here are some...
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Important first steps for your business start-up
Just as a house needs a solid foundation, your business start-up needs to be well planned to be well executed. Here are some important first steps for your business start-up: Explore your idea. What makes your business start-up different from other products or...
read moreMeet Your Team – Anne your Accounting Clerk
You could say that accounting runs in the family for Anne Pangan, our new Accounting Clerk. “My mom, my auntie, and my uncles are all accountants, so I was influenced by hearing them speak about their work and how I saw them daily growing up,” explains Anne, the...
read moreMeet Your Team-Kathy your Business Systems Analyst
We are excited to welcome an experienced Business Systems Analyst to the Finatics Team. Kathy Parker recently joined Finatics and is ready to help new and existing clients with her specialized skill set. She brings with her more than twenty years of experience in...
read moreRecent Posts
- Meet Your Team-Gemma your Virtual ControllerIn BlogJanuary 5, 2022
Understanding your business marginsIn BlogDecember 15, 2021
Importance of Inventory TrackingIn BlogNovember 17, 2021
How to determine a winning pricing strategyIn BlogOctober 20, 2021
Staying ahead of growth overwhelm by planning aheadIn BlogJune 30, 2021
Hiring: What are the differences between an Employee or Contractor?In BlogJune 9, 2021
Starting a business: When is the right time to hire accounting help?In BlogMay 19, 2021
Important first steps for your business start-upIn BlogMay 6, 2021- Meet Your Team – Anne your Accounting ClerkIn BlogApril 21, 2021
- Meet Your Team-Kathy your Business Systems AnalystIn BlogApril 14, 2021