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Free monthly tips to improve the financial success of your business

Why do so many new businesses fail? Well, in a lot of cases, entrepreneurs that know their product or service inside out don't have the financial and administrative know-how they need to manage their business.

Profit Pointers can help. Profit Pointers is a free, monthly newsletter that delivers business management advice directly to your inbox. Sign up and get finance, bookkeeping and administrative management tips - there's no accounting jargon, just practical information you can use.

Even if finance isn’t your strong suit, Profit Pointers can point your business in the right direction.

View Past Issues

Choose an article from the Profit Pointers archive below.

Issue 16: Financing Your Business with Government Help

March 2006
Outside financing for your business might be needed for any number of reasons, and the Government of Canada likely has a program or source of funding that can help.

Issue 15: Cheque Tips for Safeguarding Your Business

March 2006
Some more tips on safeguarding your business against bookkeeper fraud.

Issue 14: Protecting Yourself Against Bookkeeper Fraud

March 2006
With the rash of recent media stories about bookkeepers defrauding their employers, we thought it was time to offer a few tips that could keep the same thing from happening to you.

Issue 13: Are They Employees or Contractors?

January 2006
One of the more frequent discussions we have with clients is whether someone in their office qualifies as an employee or contractor.

Issue 12: Following Up with Late-Paying Clients

November 2005
Nearly every business owner will encounter a client who is late in paying.

Issue 11: Can Your Clients Pay?

October 2005
The first time you do business with a client there's always a big element of trust involved.

Issue 10: Doing Inventory Can Save Your Business

September 2005
For retailers and manufacturers, inventory is critical.

Issue 9: Is Growth Really the Right Option for Your Business?

June 2005
Despite what all the business magazines might tell you, growth may or may not be the right option for you.

Issue 8: Consider a Payroll Service

May 2005
If your company has employees other than you, payroll is one of the most critical areas of your financial record keeping.

Issue 7: Know Your Credit Health

April 2005
If you own a business that has ever used or plans to use some type of credit, it's important to know your credit rating.

Issue 6: Treat Your Suppliers with Respect

March 2005
In running a company, it's essential to recognize that your suppliers are your partners.

Issue 5: Taxes Are Not Cash Flow

January 2005
Small business owners are often tempted to use the cash they withhold for taxes for short-term spending, but it's not a good idea.

Issue 4: Customize Your Statements to Show Key Numbers

December 2004
Every business has key numbers that directly affect its bottom line. These numbers can vary from industry to industry, company to company, and even between departments.

Issue 3: Invoice on a Timely Basis

November 2004
You would think business owners would be eager to perform a small task that directly results in them getting paid. Oddly, however, many business owners get lax with their invoicing. Yet remember, your clients won’t pay invoices they don’t receive.

Issue 2: Get Your Books Organized

October 2004
If you have recently incorporated a new business, one of the first things you should do is make sure your bookkeeping and tax compliance is organized and up-to-date.

Issue 1: Is Your Business Making Money?

September 2004
Figuring out whether your business is actually making money is no easy task. Most small business owners have a pretty good idea of what their top line is (their revenues), but unless they're closely tracking and inputting all of their expenses, the bottom line can often come as a complete surprise.

 

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The ProfitLine offers bookkeeping (bookkeeper, bookeeper, book keeper) and accounting (accountant) service and help to small business in the GTA (Ontario). All rights reserved - © THE PROFIT LINE 2004

 

The Profit Line - Bookkeeping Toronto

The ProfitLine - Bookkeeping Toronto - A quick and painless bookkeeping system and accounting service for small business including Quickbooks support. No need for bookkeeping software or an inhouse bookkeeper.

Get the Information Your Business Needs to Thrive

Making sound business decisions means having a clear picture of your financial situation in front of you at all times - yet the daily demands of running a small enterprise can be overwhelming. As a result, financial record keeping and reporting often don't get the attention they truly deserve.
The Profit Line changes all that. We are your bookkeeping partner, helping you stay on top of your finances so you can make better, more informed business decisions.
In addition to taking paperwork off your plate, we also pinpoint the key numbers critical to the performance of your specific enterprise, and make sure you have them in hand whenever you need them.

Co-founder Marcia McNabb is a CA and CFA with years of accounting experience. Co-founder Fern Gordon, with a background in investment banking, is an entrepreneur who started and operated a successful chain of restaurants for more than eight years.
Together with the rest of the Profit Line team, we are ready to be your bookkeeping partners.