About Michelle Cornish

Michelle Cornish is an author and former CPA from Enderby, BC.

The Canada Media Fund: What You Need to Know

By |2022-04-02T01:57:30+00:00March 25th, 2022|Business, Technology|

If you’re looking for help funding your digital media project, check out the Canada Media Fund. This Fund helps with projects in the audiovisual entertainment space. With several programs grouped into two main streams, there’s a good chance the Fund has something for your project. Read on to learn more. History of the Canada Media Fund Funded by the Federal government in connection with Canadian cable, satellite, and IPTV distributors, the Canada Media Fund (CMF) was started in 2010. According to Unesco, aligning with the priorities of the Government of Canada, the Fund’s goals include providing financing for the “sustainable production [...]

Comments Off on The Canada Media Fund: What You Need to Know

Will Your Wise Account Trigger Foreign Income Verification?

By |2022-04-02T01:48:28+00:00March 25th, 2022|Uncategorized|

For those of you with a Wise account, you may have realized the perks of receiving money internationally and spending locally. With the ease of doing business virtually comes the possibility of international banking becoming a day-to-day occurrence.  Canadian tax laws set out certain reporting requirements when it comes to international banking. Having a Wise account is convenient, but there are key things to be aware of so you don’t get stuck with tax penalties.  What is a Wise Account? Wise recently changed its name from TransferWise. They set out to provide a better solution for international money transfers. In their [...]

Comments Off on Will Your Wise Account Trigger Foreign Income Verification?

Virtual Heights Accounting Earns Xero Gold Partner Status

By |2022-03-12T05:10:14+00:00March 12th, 2022|Accounting, Xero|

Virtual Heights Accounting is excited to share that we are officially Gold Partner status with Xero. From day one, Xero has been our go-to accounting app, so we are excited to achieve this milestone and pass along some great benefits to our clients in the process. Xero is the go-to app for real-time accounting. When your books and Records are accurate and up-to-date (in real time), you can make informed and effective decisions now, not six months from now. This offers you the benefits of reaching your business goals faster and the ability to pivot if necessary. What is a Gold [...]

Comments Off on Virtual Heights Accounting Earns Xero Gold Partner Status

How to Do Your Own Bookkeeping – Part 3

By |2022-03-04T04:12:40+00:00February 23rd, 2022|Accounting|

Now that we’ve discussed some basic accounting terminology and showed you how to record your business transactions using spreadsheets, let’s talk about what you can do with those spreadsheets. Keeping your bookkeeping up to date allows you to have a reliable measure of your business’s financial performance. This is only possible if you use your bookkeeping to create financial reports. We included an income statement with our Google Sheets bookkeeping template. If you are completing more than one month of bookkeeping, you will need to transfer your income statement items to the financial statements tab each month.  Creating Your Income Statement  [...]

Comments Off on How to Do Your Own Bookkeeping – Part 3

How to Do Your Own Bookkeeping – Part 2

By |2022-03-04T04:14:20+00:00February 16th, 2022|Business|

Now that you understand some basic accounting terminology, let's talk about the next step in how to do your own bookkeeping. Because you want to do your own bookkeeping, we are also assuming you want to save money on software. This post explains how to set up spreadsheets, which are readily accessible via Google Sheets or Microsoft Excel, in order to do your own bookkeeping. Setting up Your Spreadsheets The first worksheet you will create is called a synoptic. This worksheet is where you will record your daily operating activities. On the sheet you'll need to make sure you have equal [...]

Comments Off on How to Do Your Own Bookkeeping – Part 2

How to Do Your Own Bookkeeping – Part 1

By |2022-03-04T01:03:08+00:00February 9th, 2022|Uncategorized|

Have you ever wondered about how to do your own bookkeeping? Understanding how to do this yourself can be a valuable skill if you’re a solopreneur or if you are interested in saving money on business expenses. Before we get into how to do your own bookkeeping, there are a few terms and concepts you must be familiar with. The Foundation of Bookkeeping - Double-Entry Accounting Double-entry accounting is a method of recording transactions that requires every bookkeeping entry to have an opposite transaction. This method of accounting ensures your books and records are always balanced.  Having accounts that are in [...]

Comments Off on How to Do Your Own Bookkeeping – Part 1

How to Stick to Your Business Resolutions

By |2022-01-27T03:09:55+00:00January 27th, 2022|Business, Business Coaching|

The new year is a popular time to make resolutions to improve our health or finances, but what about business resolutions? Have you ever thought about making resolutions for your business? Even if your fiscal year end isn’t January, the beginning of the year can be a great time to take stock of what has happened in your business. For the things that didn’t go so well, you can resolve to change them.  Resolutions can be a great way to get you back on track to reaching your goals. Below, we discuss some common business resolutions as well as what you [...]

Comments Off on How to Stick to Your Business Resolutions

7 Tips for Business Productivity

By |2022-01-20T22:02:59+00:00January 13th, 2022|Uncategorized|

With all you have to do in a day, have you ever wondered how you can improve your business productivity?  All entrepreneurs are busy. If you're a small business owner, especially if you're working on your own, you have a lot to do. Between managing emails, helping customers, and making sure everything is running smoothly it’s no wonder you end most days wishing you had more time.   The key to being productive in business isn't just about having more time. By managing your time more effectively, you will accomplish more. Here are seven tips to help you manage your time and [...]

Comments Off on 7 Tips for Business Productivity

Should I Have Business Plan?

By |2021-12-23T23:37:22+00:00December 23rd, 2021|Business, Business Coaching|

There are many great reasons to have a business plan. When you are just getting started in business, the time and effort you put into a plan can help you know if your idea is viable. If you will be applying for financing, a business plan is required as part of your application. A business plan also serves as a great starting point to conduct an annual performance analysis on your business. It can be used as a basis for setting and reaching goals in your business. It’s also a handy reminder of where you started and can be easily adjusted [...]

Comments Off on Should I Have Business Plan?

Do I Need Payroll Software?

By |2021-12-23T23:13:11+00:00December 13th, 2021|Business, Payroll|

We answer the question, “Do I need payroll software?” with a hard YES!!! Sorry for shouting, but it really is that important, and we’ll show you why. Payroll software allows you to keep track of all your payroll information in one place and create reports in just a few clicks. If you haven't been using payroll software in your business up to this point, we hope this article shows you how you can save time and make your life easier by doing so. What Payroll Software Does that Online Calculators Can’t Everything in One Place It's easy to find a number [...]

Comments Off on Do I Need Payroll Software?
Go to Top