Morley Accounting Services

At Morley Accounting Services in Bracebridge, we have completed our first IFRS financial statements. Staff at Morley Accounting Services in Bracebridge have been studying IFRS and its requirements for Junior Mining Companies since 2009. Quarter 1 2011 will be the first IFRS financial statements for Canadian public companies. The transition to IFRS is a major change and the first time adoption of the accounting changes requires a significant time commitment. We have used the new Caseview for IFRS templates and while it has not been without its challenges, we have found the software to be useful.

Did you know that it costs $28 to pay by cheque?
Think about all the costs associated with writing a cheque: cheque stock, staff cost to write the cheque, cost of an envelope, cost of a stamp, the staff cost to mail it, the cost to reconcile it when it clears the bank and the administration cost when it doesn’t clear the bank in a timely manner.
Did you know that cheque fraud is on the rise?
Some reasons for this are: not storing cheque stock under lock and key, asking staff to input payables, prepare cheques and reconcile the bank statement without review by the business owner, not reviewing the bank statement and cancelled cheques in detail every month.
Is there a solution?
Consider paying all your bills by Electronic Funds Transfer (EFT). This can be done using internet transfers through your bank, paying bills online or using an EFT service provider such as TelPay for Business http://www.telpay.ca

For some people talking to an accountant can be somewhat like going to the Principals office. You don’t know the right terminology, you don’t know what accountants do, you’re afraid to ask the price in short you don’t know what you don’t know and you don’t want to appear stupid. We have a report of 20 questions to ask an accountant and the sort of answers you should get. Please call us at 705-645-5178 for a free copy of our report on the 20 questions to ask an accountant.

Most small businesses have cash in the bank at year end, but often what they don’t know is how much of it belongs to the government and how much they can spend. Email Theresa@morleyca.ca to find out what smart business owners do differently.

Most small businesses that are busy in the summer catch up on their accounting over the winter only to find they haven’t made any money. Call us at 705-645-5178 to find out what smart business owners do?

Are you looking for an accountant? Call us for a free report on the 20 questions to ask an accountant. Call 705-645-5178

Most small business owners drop their prices in reaction to dropping revenues, but this usually makes the situation worse. Call us at 705-645-5178 to find out what smart business owners do differently.

Small business owners often do not file their HST and Source Deductions because they don’t know how much they owe. Call us at 705-645-5178 to find out what smart business owners do differently.

Many small businesses are busy but are not making money and they don’t find out until it’s too late to do anything about it. Call us at 705-645-5178 to find out what smart business owners do differently.

See Theresa’s interview on Rogers TV http://www.rogerstv.com/page.aspx?rid=23&lid=237&gid=79913