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)...
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...
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...
Meet 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...
Meet 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...
The Importance of Budgeting and Forecasting Series: Setting KPIs and Metrics
This is the final article of our four-part series about budgeting and forecasting. If you’re new to our blog, you might want to check out budgeting in business, budgeting strategies, and forecasting in business before you read about KPIs and metrics. We can determine...
The Importance of Budgeting and Forecasting Series: Forecasting in Business
Forecasting isn’t just for the weather. As part of the budgeting process, forecasting in business is a valuable tool for making informed decisions. (This is part three of our four-part series about budgeting and forecasting. If you’re new to our blog, check out...
The Importance of Budgeting and Forecasting Series: Budgeting Strategies
Budgeting in business is vital and today we’re going to highlight some budgeting strategies that ensure your budget helps you reach your goals. “A budget that is well thought out and constructed properly allows a business to track their progress, to find out...
The Importance of Budgeting and Forecasting Series: Budgeting in Business
If there’s one simple thing you can do to start the year off right for your organization, we’d have to say budgeting in business is vital. Think about it: If you are going on a trip, you can either plan things out or hit the road and see what happens. If you have an...
Inventory management solutions and why they’re vital
Keeping track of your inventory requires more than just counting items and stocking shelves. Finding an accounting team that understands and offers inventory management solutions is extremely important. Proper inventory management is quite a complex process and...