Six Tips to Grow Your Business in 2020

Looking for fresh, effective ways to grow your business in 2020? You've come to the right place. In today's market and during these difficult times, it can be difficult to stand out from the crowd, gain new customers or clients, and increase your company's revenue. Note: We said difficult, not impossible! Below, you'll find six fun, easy tips to help you achieve your goals and make your business bigger and better as it enters the new decade.

Mobile Accounting? It’s Here, Now

That's right: The future is here! Now that it's officially 2020, it may be time to jump on that accounting app bandwagon if you haven't already done so. The exciting news is you can actually do a lot of your accounting tasks from your phone instead of your computer.

One of the most important parts of managing a business is making sure there is enough cash to keep the business going.  As a business owner, you probably have a very good idea how much cash you have in the bank at any time. The smaller your business is, the more likely you are to keep a close eye on cash. 

Did you know that you can add apps to help increase the functionality of your core accounting system? The process will save you time and frustration. It is because every business is different that you may—and likely will—need these add-on features that aren't already included in the accounting system you currently use. That's where the apps come in: They provide a deeper functionality in the areas you need them. Take a look below at some examples we've put together.

As we welcome in a new year (and maybe a new decade depending on how you count them), it’s a perfect time to reflect on the trends that will impact us and our businesses. Here’s a list for your consideration and reflection.

The account on your income statement called Cost of Goods Sold can be confusing to non-accountants. In this article, we’ll attempt to de-mystify it and explain how it works. 

Having repeat customers is essential to many businesses, and the key to keep clients coming back is to provide them with great customer service. Here are five ideas to rate your business’s savvy when it comes to serving customers well.

2019 is right around the corner, which makes today the perfect time to think about your business goals and where you want to be one year from now. As year-end wraps up, you’ll soon know your financial numbers for 2018. You’ll then be able to evaluate how you did and map out a new plan for 2019. 

Although the slogan "No Pain, No Gain" is usually applied to a fitness routine, the same holds true for building a business.  From the very first moment we start our business, we are busy thinking about growing it: more employees, more customers, more income.  This past year has been a year of exceptional growth for my company, and although it is just what I have been striving for, it has come with challenges.

Yes, hiring a bookkeeper will cost your organization money throughout the year but a good bookkeeper should be able to save you money with your accountant at year end. Bonstar Accounting Services has been able to save their clients up to $1,800 on their year end tax preparation package from their accountant. With over 25 years of experience in corporate accounting with various industries (oil and gas, transportation, insurance, property appraisal, home building, etc.), Bonstar provides more than your typical bookkeeper. We provide a variety of services such as monthly financial statements; set up custom chart of accounts relevant to you and your business; custom reports; collaborate with consultant/accountant to ensure company records are compliant with CRA. This is only to name a few of the services available, but there are many more.