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Technology has been evolving by leaps and bounds in the last few decades, and even more exciting changes appear to be on the way. Artificial intelligence, augmented reality, and other technologies continue to promise...
By Robert Bast
The retail landscape in Canada is changing rapidly. New technologies are opening up new opportunities, including online stores and marketing initiatives. Traditional brick-and-mortar stores and small retailers have...
By Paul Abrams
One reality of running a business in Canada is that you’ll need to pay taxes to the Canada Revenue Agency. The CRA collects business income taxes, GST/HST payments, and payroll remittances from employers.
By Paul Chappel
The wire transfer is a tried-and-true method of paying international bills. In fact, in some cases, it’s the only way to pay a foreign supplier or vendor. That said, most businesses try to avoid wire transfers...
While many business owners will tell you that they love running their business, there are those mundane tasks that they could do without … like paying bills. It can be time consuming and costly. To minimize the AP...
If you have suppliers, customers and business partners in other countries then sending funds overseas is likely a routine part of your business.
If you’re a small business owner, it’s likely you handle quite a few different tasks within your company. You might be responsible for marketing and IT decisions just as much as administrative decisions such as who...
You may not have anticipated needing a crash course in bookkeeping when you opened your business. You have many questions. One of the most common is how do you do accounts payable reconciliation?
When you need to purchase supplies, materials, or inventory from a vendor located in a foreign country, at some point you may need transfer money internationally.
Cash flow is, in many ways, more important than statements of gross income or even net income. On paper, you’re in the black, but in reality, your accounts keep dipping into the red as cash comes and goes. To weather...
Bookkeeping can be both time-consuming and complex.
You have to spend money to make money, or so the old saying goes. Most business owners know this to be true, especially when they’re faced with the accounts payable ledger.
While managing account payables might not be the most exciting part of your day, staying on top of bill payments is critical to a company’s long-term success. Following good payment...
While it’s important to know bank balances and profits for your business, understanding – and managing – how cash flows through your company is most critical to its success.
Cash flow...
Companies that conduct business internationally know that having an FX plan and budget in place makes good money sense. It allows businesses to predict fluctuations in currency and manage...
WayPay’s Co-Founders Roberto Ramesar and Robert Bast sit down with Sage’s Advice Podcast to discuss everything from the history of the business; to the future of global money movement; they...
If you’re a time-starved business owner, technology can automate all those nasty administrative and accounting tasks that you dread every month – and really improve your business’s...
Some business owners don’t consider business credit cards a good credit option. But that’s often not the case. Here are some reasons that may have you thinking otherwise.
Quick & Easy...
While many people have embraced online bill payment in their personal lives, a lot of businesses continue to pay the invoices they receive by check. But when you compare the two methods of...
Cloud computing offers so many benefits to businesses of every size. This Q&A is designed to help you take advantage of technology and move your business to the cloud.
What does your...
You’ve probably seen all the hype about moving your business to the ‘cloud’. But there are still lots of questions about whether to move your business to monthly subscription services as...