Welcome to the Finatics Accounting Solutions Blog

Our articles aim to answer common questions and offer accounting tips to support small to medium businesses in Canada.

Man and woman exchanging business loan document on blue and orange background

Short-term vs. Long-term Loans

4 Essential Factors to Consider for Your Business When it comes to financing, business owners...
Business Accounting
2 individuals working on computers with blue clipboard showing graph on a blue background

5 KPIs for retail or e-commerce businesses to increase performance

A question that we sometimes get asked is, “How do I know if my company...
Retail and E-Commerce Accounting
Individuals stacking bankers boxes with shopping cart and graph

Why Proper Inventory Management Practices are Essential to a Successful Retail and e-Commerce Business

Inventory management can be a source of many retailers’ woes. It can feel like a...
Retail and E-Commerce Accounting
Woman reviewing financial documents with loan approval, calculator and cash

5 Common Mistakes When Borrowing Money for a Business

There are a host of reasons why one might need to seek out a loan...
Business Accounting
Orange image with individual reviewing business revenue with graphs and books

How to Prepare your Finances for a Successful Business Scaleup

The move from startup to scaleup is an exciting time for small business owners. The...
Business Accounting
A chart displayed on a blue background comparing 'Profit vs Margin' with emphasis on 'Best Price'. The chart illustrates varying data points and trends related to profitability and pricing strategies.

Profit Margin vs. Markup: What Retail and e-Commerce Businesses Need to Know

Here’s why using markup percentage can be problematic and impact profitability The method to make...
Retail and E-Commerce Accounting
Business owner reviewing financial documents on yellow and blue background

Why your Retail and e-Commerce Business Keeps Running out of Cash

Factors that may be contributing to negative cash flow in your small business It’s a...
Retail and E-Commerce Accounting
Financial Controller helping business owner on blue and orange background

How a Virtual Financial Controller can help your Business

A financial controller can help oversee the financial operations of your business and provide deep...
Business Accounting / Consumer Packaged Goods (CPG) Accounting / Professional Services Accounting / Retail and E-Commerce Accounting
CFO watering money tree on orange and blue background

How a Fractional CFO can Benefit your Growing Business

A fractional CFO can help you with sound strategic development of your projects and plans...
Accounting / Business Accounting / Controller / Financial Decisions / Outsourcing / Virtual Accounting
Business owner working on financial documents on yellow and orange background

5 Benefits of Outsourcing Accounting Services

Here’s why hiring a virtual accounting team has its advantages Many small businesses struggle and...
Business Accounting / Consumer Packaged Goods (CPG) Accounting / Professional Services Accounting / Retail and E-Commerce Accounting
Bookkeeper reviewing files on laptop on blue and orange background

5 Signs it’s Time to Hire a Bookkeeper for your Small Business

If you check one or more of these boxes, your business may be ready to...
Business Accounting / Consumer Packaged Goods (CPG) Accounting / Professional Services Accounting / Retail and E-Commerce Accounting
Bookkeeper at desk reviewing paperwork on orange and blue background

Virtual Bookkeeper vs. In-House Bookkeeper: Which Makes More Sense for your Business?

Outsourcing a virtual bookkeeper or hiring an in-house bookkeeper depends on the needs of your...
Business Accounting / Consumer Packaged Goods (CPG) Accounting / Professional Services Accounting / Retail and E-Commerce Accounting