BBS Bookkeeping

10/22/2026

Net 60/90: Longer terms sometimes required by large corporate customers with established payment processes.

Read more 👉 https://lttr.ai/AuOEY

For Ontario service businesses and B2B companies, accounts receivable represents the gap between delivering value and receiving payment. Poor AR management creates cash flow problems, increases bad debt write-offs, and consumes valuable time chasing payments. At BBS Accounting in Toronto, we help cl...

10/22/2026

This article is provided for general informational purposes only and does not constitute professional accounting, tax, or legal advice.

Read more 👉 https://lttr.ai/AuODu

10/22/2026

Progress Payments: For large projects, payments tied to milestones—25% upfront, 25% at midpoint, 50% on completion.

Read more 👉 https://lttr.ai/AuOCG

For Ontario service businesses and B2B companies, accounts receivable represents the gap between delivering value and receiving payment. Poor AR management creates cash flow problems, increases bad debt write-offs, and consumes valuable time chasing payments. At BBS Accounting in Toronto, we help cl...

10/21/2026

For most Ontario small businesses, QuickBooks Online Plus provides the best combination of features, integration options, scalability, and accountant compatibility.

Read more 👉 https://lttr.ai/AuNUl

10/21/2026

Limited features compared to paid alternatives—no inventory management, limited reporting, basic bill tracking.

Read the full article: Best Accounting Software for Small Businesses in 2026: A Comparison
▸ https://lttr.ai/AuNSF

10/19/2026

Strategic Considerations: If prices are rising and you use FIFO, delay year-end purchases to reduce ending inventory and increase COGS (lower income, lower taxes).

Read more 👉 https://lttr.ai/AuL9y

For Ontario businesses that buy or manufacture products for resale, inventory valuation significantly affects cost of goods sold, gross profit, and taxable income. The method you use to value inventory—FIFO, weighted average, or specific identification—determines which costs flow to your income ...

10/17/2026

Modern automation tools can reduce bookkeeping time by 50-80%, improve accuracy, and provide real-time financial visibility.

Read the full article: Automating Your Bookkeeping: Tools and Techniques That Save Time
▸ https://lttr.ai/AuLLT

10/17/2026

The businesses that consistently pay less tax, avoid CRA surprises, and sleep better at night are the ones that pause at mid-year, look honestly at the numbers, and make adjustments while there's still time to matter.

Read more 👉 https://lttr.ai/AuLKN

10/17/2026

Salary creates RRSP contribution room and CPP credits but triggers payroll remittances and CPP/CPP2 contributions on both the corporate and personal side.

Read more 👉 https://lttr.ai/AuLHF

Halfway through 2026 is the ideal time to review your numbers, catch tax surprises early, and adjust your plan. Here’s a practical Q3 checklist for Toronto and GTA business owners.

10/16/2026

At BBS Accounting in Toronto, we help clients implement AR management systems that accelerate collections, improve cash flow, and reduce bad debts.

Read more 👉 https://lttr.ai/AuKe1

For Ontario service businesses and B2B companies, accounts receivable represents the gap between delivering value and receiving payment. Poor AR management creates cash flow problems, increases bad debt write-offs, and consumes valuable time chasing payments. At BBS Accounting in Toronto, we help cl...