It’s that time already – not only is Christmas around the corner but so are T4’s and T4A’s! Because of the leap year in 2020, T4’s are due February 29th, however since that is on a weekend, CRA requires that all tax forms and summaries be submitted by March 2, 2020. At Star Company, we… Read more »
Posts Categorized: Blog
A Few of Our Favourite…Workflow Apps
At Star Company we love using tech to make life a little easier! We asked our team members to share some of their favourite at-work apps and platforms. Mani Harvest is a great time tracking and expense reporting tool. Employees and contractors log their hours and enter the reimbursable expenses details in Harvest, which… Read more »
Three Things to Avoid when Time Tracking
“In this blog post, Star Company’s Payroll Manager, Carleen van Hoesel gives her top tips on managing employee time tracking. The payroll process affects employees at all levels in a business. However, the employees that always feel the biggest impact of payroll systems and tools, are employees that are paid on an hourly basis. This… Read more »
Paying Vendors
Switching to electronic payments is one of the simplest ways for a small business or organization to take advantage of the benefits of cloud accounting. Collecting, preparing, approving, and completing payments to vendors can be a time-intensive process, involving multiple people in a team. But with some work flow planning and a bit of set-up,… Read more »
What to Expect When You Are Expecting…a Cloud Migration
We love working with our clients to develop cloud accounting solutions. Using great tools, thoughtful consultation, and some old fashioned elbow grease, together we create a process that is efficient and produces useful, insightful results. But it takes some time and effort to get there. We’ve done many migrations – both complete workflow migrations as… Read more »
Budgeting Part 3: Cash is Queen!
In part 1 and part 2 of our budgeting blog, we looked and evaluating past performance and using it to create a budget. Now comes the very important next step: turning your budget into a cash flow projection. Why is this step so important? Almost all businesses will go through periods of profitability and loss,… Read more »
Budgeting Part 2: Plan the Future
In part 1 of our budgeting intro, we looked at why it’s important to review your business’s past performance as a starting point for building a budget. Once you figure out the important metrics for your particular situation and get the hang of this process, it’s pretty straight forward. Prepare reports, review, repeat. Prepare monthly… Read more »
Budgeting Part 1: Understand the Past to Build a Better Future
Want to build a better organization? Be more profitable, more effective in achieving your vision, become a better employer, or reach more clients? Then grab a cup of coffee, a nice sharp pencil, and last year’s financial statements. “But I want to plan the future” you’re thinking. “Why go back and look at the past?”… Read more »
Building a Budget; The First Step to Success
There is nothing like the change of the autumn leaves to getting you thinking about Halloween, pumpkin spice lattes and budgeting. Yep, that’s right, budgeting! Even for businesses that don’t have a Dec 31st year end, October is a great time to step back and evaluate how your budgeting process is working for you. The… Read more »
Three Reasons to Outsource Your Bookkeeping!
There is nothing so sweet as surpassing your goals. Whether we are talking about sales goals, profitability goals or project goals, achieving each of those individual targets takes you one step closer to reaching your overall organizational objective. And owners and directors are always trying to achieve their organizational objectives! Why is it then that… Read more »