Wednesday, May 21, 2014
Do you have bookkeeping questions? Barrie Bookkeepers Inc can provide the answers. Contact us today to see how we can assist your business.
Question of the week: What is Gross Profit and Net Profit?
Gross Profit is the difference between the sale price and the cost of the item being sold. Net Profit is the difference between the Gross Profit and all overhead costs to operate the business.
Posted at 10:20 AM
Wednesday, May 14, 2014
When the warm weather arrives who wants to spend time crunching numbers?
Well, the answer is 'We Do!'
Since 1993 Barrie Bookkeepers Inc. has been serving local businesses. Every business has unique needs when it comes to accounting. We respect these differences and provide solutions that meet those needs.
Contact us today to see how we can be of assistance.
Posted at 04:30 PM
Wednesday, February 26, 2014
It's official, 22 Days Until Spring! If you find yourself dreading ROE's, T4's and government remittances, why not do a bit of early spring cleaning and let us assist you in starting your season off with peace of mind so you can spend your time doing what you do best - operating your business.
Posted at 12:25 PM
Wednesday, November 20, 2013
For many businesses the holiday season is one of the busiest times of the year; Barrie Bookkeepers Inc has been helping local businesses stay stress free over the holidays and throughout the rest of the year since 1993.
We tailor our service to fit your needs allowing you the freedom to complete the components you want while ensuring a supportive and dedicated team takes care of the rest.
Posted at 03:30 PM
Thursday, November 7, 2013
Question of the week: What is a Balance Sheet ?
The Balance Sheet is a snapshot of the business as of a specific date. It shows how much money is in the bank, how much is owed to the business by customers, the value of equipment, how much is owed on loans and how much is owed to vendors. These numbers change with every transaction.
Posted at 01:55 PM
Wednesday, October 30, 2013
What is the Accounting Equation? Assets = Liabilities + Equity
If an owner invests one thousand dollars into the business by writing a cheque on his personal bank account and depositing the money into the business bank account, then the Owner Equity account is credited and the bank account is debited. Assets of one thousand will equal Liabilities at zero plus Owners Equity of one thousand.
Posted at 10:15 AM
Wednesday, October 23, 2013
Question of the week: Why is accounting important?
'If you don't know where you have been how can you prepare for the future?' sums up the necessity of accurate up to date accounting records. When the books are up to date and balanced, valuable information is available. For instance the sales history and patterns and will show seasonal trends, increases or decreases from one year to the next.
Posted at 03:25 PM
Wednesday, October 16, 2013
Question of the week: What is Gross Profit and Net Profit?
Gross Profit is the difference between the sale price and the cost of the item being sold. Net Profit is the difference between the Gross Profit and all overhead costs to operate the business.
Posted at 04:56 PM
Thursday, October 10, 2013
Barrie Bookkeepers will be closed on October 14th for the Thanksgiving Monday. Happy Thanksgiving Day to all!
Posted at 11:25 AM
Friday, August 23, 2013
Question of the week: What is Petty Cash?
Some offices keep a small amount of cash, perhaps $100, available to pay for incidental expenses. Someone spends their own money to make a purchase, then turns the receipt in to the office and are reimbursed from the petty cash. The total of the receipts plus the remaining cash always totals the starting value of $100 in petty cash.
Posted at 09:18 AM
