How to Process Customer Payments in the Digital Age

By | July 30th, 2021|Business, Technology|

With so many apps and programs available to run your business online and in-person, how do you choose the best way to process customer payments? Without question, you’ll want to choose the app that meets your needs the best.  At Virtual Heights Accounting we have experience with three of the most common payment processing options. Read on to learn more about these options and why we like them. Payment Processing Options For the most part, gone are the days where clients pay you by mailing a cheque. This is a good thing. Speeding up payments means more money to you in [...]

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Does the Canada Revenue Agency Accept Digital Documents?

By | July 24th, 2021|Business, Technology|

Have you ever wondered if the Canada Revenue Agency (CRA) will accept your digital documents in the event you are audited? Given all the business that’s conducted online these days, it’s not surprising the CRA has a policy on electronic record keeping. It’s a fairly lengthy and thorough document, so we’ve included the main points below. If your office is paperless or you are thinking about going paperless, you’ll want to read on! Acceptable Digital Documents The short answer to the question posed as the title of this post is, yes! The CRA does accept digital documents. But you’ll want to [...]

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Organize Your Business Paperwork with Hubdoc

By | July 18th, 2021|Business, Technology, Xero|

How often have you said something along the lines of, “If only I was more organized,” when talking about your business paperwork? Most likely this comes as a result of looking for a document for your accountant or trying to find a bill you need to pay before the deadline. When your business paperwork is organized, you don’t have to waste your precious time hunting for documents. Not only that, but if you use Xero and Hubdoc together, your accountant can access your documents without having to bother you. Why Hubdoc for business paperwork? Hubdoc is an app that can help [...]

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What is Cloud Accounting?

By | July 5th, 2021|Accounting, Technology, Xero|

If you have a business and you've been looking for an efficient way to manage your books and records, you've probably heard about cloud accounting. QuickBooks Online and Xero are two of the most popular online accounting programs. If you haven't heard the term cloud accounting then it’s likely you’ve heard of either one of these programs. Something that's often not discussed in relation to cloud accounting is what it means to have your accounting in the cloud. And what are the benefits of doing this? Before we get into the benefits, let's talk about what it means. The Cloud is [...]

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