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Business Technology Essentials

By | August 31st, 2021|Business, Technology|

If you’re new to running a business or maybe you feel like you need to up your game, you may want to take a look at your business technology. There are a number of technology items you can’t live without in today’s business world. Over the last couple of months, we have shared some of our favourite business tech. Today, we’ll share what you simply can’t live without. Business Technology for Marketing Even if your store is physical only and you don’t plan to sell anything online, a presence on the web is important. Many people go online to learn more [...]

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The Safe Way to Collect Electronic Signatures

By | August 26th, 2021|Business, Technology|

Electronic signatures are on the rise now that more and more people work from home. If you require signatures in your business, you may have been wondering if you can legally collect them electronically. And if you can, what is the best way to do this? As an accounting firm dealing with personal information every day, we’ve got the low down on electronic signatures. Read on to learn about electronic signature collection in Canada as well as our recommended programs for capturing signatures. Are electronic signatures legal in Canada? The short answer is yes! E-signatures, including those that require the signer [...]

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Grow Your Business with Shopify

By | August 20th, 2021|Business, Technology|

At its simplest level, Shopify is a platform that allows you to sell your products online and in person. But this platform can help you with so much more than that. We thought we’d share more about all the things you can do with this robust platform. In this article, the folks at Shopify say that when you partner with Shopify, you get the core functions of running a business. More specifically, you get a storefront, a payment processor, a shipping partner, a back office, and a marketing platform.  Read on to learn how one platform can offer all this. Shopify [...]

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Wagepoint: The Friendliest Payroll App

By | August 9th, 2021|Accounting, Payroll, Technology|

Wagepoint is a payroll app that lets you pay employees and contractors. There’s no need to mess around with spreadsheets or use manual calculations. In fact, when you do these things, you run the risk of preparing inaccurate payroll records. Inaccurate payroll records can result in audits for you as the business owner and tax return adjustments for your employees. No Complicated Calculations When you use an app like Wagepoint, the app does the heavy lifting for you. You enter your employees’ personal information, including their wage or salary, and personal tax credits. With Wagepoint, you can pay employees directly through [...]

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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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Lesser Known Xero Features You Need to Check Out

By | August 27th, 2020|Accounting, Business, Technology, Xero|

Xero is truly a time-saving accounting app. Most Xero users are aware of the ability to link Xero to their business bank and credit card accounts to speed up bookkeeping, but there are a number of other time-saving features included in Xero.  Here are some of the lesser known Xero features you need to check out to make the most of this accounting app. Items Items can save you a ton of time when invoicing customers by creating a list of the services and products you offer. Under the “Business” tab select “Products and services.” Click the button on the left [...]

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Inventory Tracking Matters

By | April 2nd, 2020|Accounting, Business, Technology|

If you own a product-based business, keeping tabs on your inventory is more important than you might think. Not paying attention to depleting inventory levels can cost you sales which costs you money.  Here are some important reasons you should be keeping an eye on your inventory levels. Understand your customers’ needs By keeping an eye on your inventory levels, you develop a good understanding of what products your customers are purchasing. You’ll also be able to maintain inventory levels so you have enough product on hand to meet your customers’ demand.  If a product isn't moving, you may want to [...]

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