Canada's Bookkeeping and Accounting Hub

Where Canadian small business owners come to find trusted bookkeepers and accountants.


New to Financial Accounting? Start Here!

May 31, 2018

What is Financial Accounting?

  I’m not going to give you the definition of financial accounting from Wikipedia. This site,, is all about helping small businesses understand the value of bookkeeping and accounting, and to achieve that we need to try to translate financial lingo into actual words regular human beings might use in conversation. So What is Financial Accounting? Here’s my attempt at a simple definition: Financial Accounting is the process of taking anything in your business

Featured Bookkeepers and Accountants

People you can trust with your books.

QuickBooks Online Integrated Apps

At QuickBooks Connect Toronto 2017, Beau interviewed some of the great companies that have integrated with QBO to improve your user experience and automate your processes.  Click the arrows to see all the companies and click the links to listen to the interviews!
- Claire Niburski - Knit Technologies

Knit simplifies payroll, HR, and benefits into one, unified platform. And if you have less than 20 employees, they will do your payroll for free!  Seriously.  Click here to listen to the interview with Claire.

- Claire Niburski - Knit Technologies -
- Rhys Mohun - FundThrough

FundThrough’s online invoice factoring services offer business owners a simple way to jump cash flow gaps by advancing payments for their outstanding invoices. Click here to listen to the interview with Rhys.

- Rhys Mohun - FundThrough -
Christian Ali - Dream Payments

Dream Payments is the only Canadian mobile point-of-sale solution that is available off-the-shelf at a retailer. With Dream, you can start taking payment in as little as 20 minutes.  Click here to listen to the interview with Christian.

Christian Ali - Dream Payments -
- Brendan Woods - AutoEntry

AutoEntry automates data entry by accurately capturing all of your invoices, receipts, expenses and statements into QBO. Click here to listen to the interview with Brendan.

- Brendan Woods - AutoEntry -
 - Paul Abrams - WayPay

Connect WayPay directly to QBO and automatically view, pay and reconcile approved bills or invoices. Eliminating manual journal entries will simplify everything and save time, reduce errors, and create digital records. Click here to listen to the interview with Paul.

- Paul Abrams - WayPay -

We are QuickBooks Online (QBO) ProAdvisors

Beau Humphreys, Bookkeeping Coach and the other featured bookkeepers and accountants on are certified QuickBooks Online (QBO) ProAdvisors.  Click on the image below to visit Beau's ProAdvisor profile and determine if a QBO Bookkeeping Coach is right for you:

In December 2017, at the QuickBooks Connect conference in Toronto, Beau Humphreys interviewed Jeff Cates, President of Intuit.  Beau also spoke with a handful of QBO ProAdvisors and App developers to give you a view of what the future of bookkeeping and accounting with QBO is all about.  You can listen to this special QBO episode of The Personal Finance Show podcast here:

SPECIAL OFFER FOR NEW QUICKBOOKS ONLINE (QBO) SUBSCRIBERS:  For the first 10 people to sign up and pay for at least one hour of coaching($50+HST), and a commitment to stick with their QBO subscription, I can offer you a QBO Plus subscription for only $10+HST per month, for the lifetime of your subscription, as long as you continue to pay through me, your QBO ProAdvisor.  If you pay for the whole year upfront, I'll cut it down to $100 for the whole year!  Normally this would cost $480+HST per year.  So if you're thinking about signing up with QBO, and you want to save $380 a year for life, talk to me first.  Send me an email at or fill out the form on my contact page.  FOR EXISTING QBO SUBSCRIBERS:  I can't offer you the $10/month deal but as a ProAdvisor, I can save you 50% every month if you bill through me.  Stop paying full price for your subscription and send me a note now to find out more.