Entries from April 2009 ↓

do you understand your financial statements?

As strange as it may seem, many readers of financial statements don’t actually understand how to read financial statements. After all, accountants tend to use language that doesn’t make sense to non-accountants. They also have a tendency to create complexity around the simplest of concepts. Most people generally zero in on a few key numbers [...]

obsessed with taxes?

OK, yes, as an American living in Canada I am obsessed with my personal taxes right now.  Not to mention my US taxes are due tomorrow but my Canadian taxes are due by April 30th but I have to file in Canada before I file in the US because they get the majority of the [...]

well hello Globex!

When the Canadian dollar started to weaken last fall we provided a lot of guidance on foreign exchange transactions and translation to make sure you had these concepts covered.  Many small companies have a tendency to try and keep their cash receipts in the denomination of the invoice.  For example, should you get paid in [...]

how to write a request for proposals (RFP)?

Woohoo!  You’ve pitched your business case to the management team and it seems your new system/software request has been approved and you’ve been given the green light to put a request out for proposals.
Hmmm, where to start the process of putting out for bids?
Well, before you start writing anything you really need to determine three [...]