MANUAL VS. AUTOMATED BOOKKEEPING SYSTEMS....THE COST OF NOT CONVERTING

It can be a scary project to move from a manual to an automated bookkeeping system. But with the numerous software choices available today, the task doesn't have to be daunting and can provide numerous benefits and savings.

In many small business offices you will find shoeboxes, file folders and even pizza boxes (the customer preferred the shape of the box) which are full of business receipts, invoices, and accounting data. These piles accumulate throughout the year, and are only dealt with at the necessary time - Tax time. Learn before it's too late why your accounting system can cost your business and more.

The two biggest concerns most business owners express with a transition to an automated system are COST and TIME.

Things to Consider Before Buying Accounting Software

Ask Us About our New Remote Access Bookkeeping Service Available in February 2006

HOW MUCH BUSINESS ARE YOU LOSING.....THE E-COMMERCE FACTOR

The Census Bureau of Commerce in the US reported e-commerce sales outpaced retail sales growth in 2005. Total e-commerce retail sales for the third quarter of 2005 were estimated at $22.3 billion, The third quarter 2005 e-commerce estimate increased 26.7 percent from the third quarter of 2004 whereas total retail sales increased only 8.5 percent in the same period.

So you've realized the potential of the e-commerce market, and have decided that you want a share of that 22.3 billion just from the US. You've invested a great deal of time and money on a state-of-the-art e-commerce site, and have achieved your high rankings on the search engines. Then why aren't the customers shopping madly and making you the next dot.com millionaire?

It isn't enough to just have a site - if you want visitors to your e-commerce web site to shop online and actually buy something from you, you have to entice them. Just as you would in a "traditional" store.

According to Resource E-Commerce Watch, potential online shoppers want the same things that bricks-and-mortar shoppers want, such as a convenient shopping experience, having their questions or concerns addressed, in-stock merchandise, and a timely and accurate order confirmation process. Online retailers who execute these retail basics well will win loyal customers.

Read More

Answers to Common Canadian Tax Questions....

As April 30th approaches, most people are thinking about taxes.

Over the next several months we will be answering some frequently asked questions regarding business and personal tax issues in Canada. If you have a question you would like to see, feel free to email us, so we can include it on the next newsletter.

Read Our First Installment of Common Canadian Tax Questions

Dates to Remember:

January 1 - New Release of Payroll Tax Tables

Jan 31 - Deadline for 4th Installment of GST for Self-Employed Persons

Feb 28 - Deadline for filing T4 & T4A Summaries

March1 - Deadline for RRSP Contributions for 2005

April 30 - Personal Tax Filing Deadline for CRA

Thought for the Month:

WHEN WE FEEL STUCK GOING NOWHERE -- EVEN STARTING TO SLIP BACKWARD---WE MAY ACTUALLY BE BACKING UP TO GET A RUNNING START.

-- Dan Millman

Resources on our Website:

Be sure to visit our RRSP Centre for:

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	"Illuminating your path to financial success"


	Winter Newsletter 2006 Volume 5