Establishing a well-structured chart of accounts (COA) is fundamental for businesses. This organizational tool categorizes all financial transactions, providing clarity and insight into your company's financial health. Here's how to set up an effective chart of accounts tailored to your business needs.

Maintaining accurate financial records is essential for all businesses in Canada. Not only does it ensure compliance with the Canada Revenue Agency (CRA), but it also provides clarity and insight into your business's financial health. So, what records should you keep, and for how long?

As a small business owner, the dawn of a new year brings both excitement and a multitude of responsibilities. Balancing daily operations while striving for growth can be overwhelming, especially when financial management tasks pile up. At Transfigures Bookkeeping, we understand these challenges and are here to support you. Here are five practical strategies to ensure a productive year, and how partnering with a professional bookkeeping service can alleviate your financial management burdens