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Accounting: An Introduction

22/02/2011 - *Revenge of the math club* is how many independent business owners view the need for accounting. Unfortunately, this may result in the owner totally ignoring the entire process and using other tools to run his business. We say unfortunately, because accounting, and the products... More ›

Dressing Up Your Financial Statements

22/02/2011 - There are times when you have to provide financial information to outside parties. Generally speaking, you will only do this when you have no choice (i.e., the government) or when you want something. In the case of government reporting we suggest the minimum. As with... More ›

How to Select a Good Accountant

22/02/2011 - The quick and easy answer to how to select a good accountant is to say, "Select me!" That, however, is not the purpose of this article, so we will provide you with some additional criteria for the selection of an accountant for your business.... More ›

How to Read an Income Statement

22/02/2011 - Before we can start the reading of an income statement, we need an income statement to look at. For this article we are going to use the following as a basis: To begin we will review the basic terminology. This statement can be called... More ›

Internal Control of Revenues and Expenses

22/02/2011 - As a business owner, you have now found out that only you can control how the business operates. Part of this control relates to the finances of your company. This article seeks to discuss the ways for you to pay attention to the... More ›

Keeping the Bank in Balance

22/02/2011 - Unless you keep your cash in the sock/mattress vault, you have to work with the monthly bank statement. The balance on that statement and the amount of money you actually have available are only the same by sheer coincidence. The following is a course... More ›

Preparing a Cash Flow Projection

22/02/2011 - Throughout your business career, you are continually asked to predict the future. Your banker wants to know how you will repay loans. You hire new employees with the expectation that the volume of future work will support them. You purchase a new delivery truck... More ›

Preventative Accounting

22/02/2011 - It would seem that after centuries of double-entry bookkeeping, nothing more could be said about accounting. Up until now that was probably true, but now accounting has to move to the next step. Instead of just speaking about the past in the format of... More ›

Raising Money with Your Banker

22/02/2011 - It is very difficult to run even the most profitable business without some bank financing. When a company grows or when it's growth is uneven, chances are that it will out-pace the cash flows that it generates. In many cases the business cycle is... More ›

Responsibilities of Owning a Business

22/02/2011 - Whether your company does a few thousand or a few million dollars in sales, every business has the responsibility to collect money for the government. Coming out of an employment situation, most people think of taxes in terms of that "once-per-year ordeal." They also... More ›

Starting a Small Business

22/02/2011 - Congratulations! You've taken, or are about to take, one of the steps that will change your life. Most people who work for themselves will tell you their worst day being self employed is better than their best day as an employee. The difference is... More ›

Successful Traits

22/02/2011 - For a number of years I have been involved with entrepreneurs. This has been a great experience and one I would not trade for the world. This opportunity has come primarily from my involvement with franchising and Padgett Business Services. For the last thirty... More ›

Ten Tips for Successful Business

22/02/2011 - It is always a good idea in business to pay attention to the important details. Important details are often cluttered up with a thousand other unimportant details. The following ten tips are designed to provide some basic tools for deciding which details are worthy... More ›

The Small Businessperson's Guide to Banks

22/02/2011 - Believe it or not, one of the most important facets in operating your business is your banking relationship. Making the right decision in your banks will affect many details in the everyday running of your business. Can you obtain a business loan? Will you... More ›

Valuation of Intangibles

22/02/2011 - As an accountant I have often met with the frustration of clients over the fact that their financial statements do not reflect the "true value" of their companies. As a business owner myself, I share this frustration but there is just nothing within the... More ›

When Should You Expand?

22/02/2011 - Congratulations on even having to answer this question. If you are in this position, you have done a number of things correctly. First, you have been able to successfully start a business and develop it to the point where a second or expanded location... More ›


Small Biz Pros are experts on small business accounting, small business tax, and small business payroll for Canadian-based businesses. They are your small business consultants that offer top rated accounting tax and payroll services, software and more. Do you operate a small business in Canada? Do you need small business accounting, tax, and payroll services? Then make Small Biz Pros at Padgett your small business accounting partners.