Bookkeeping Barn is a practical Canadian resource for bookkeeping, payroll, financial management, and easy-to-use tools and calculators. Whether you are a small business owner, bookkeeper, non-profit, or just trying to understand the numbers better, you will find straightforward guides, helpful tools, and clear explanations without the jargon.
Free Tools and Calculators
- Employee Turnover Rate Calculator
- Profit & Loss and Balance Sheet Generator
- Profit Margin Calculator
- Time Value of Money (TVM) Calculator
Articles and Resources
- Bookkeeping (12)
- Canadian Tax & Sales Tax (1)
- Financial Management (3)
- Non-Profit Bookkeeping (5)
- Payroll & Employment (1)
- QuickBooks & Bookkeeping Software (5)
Latest Posts
- How to Handle Employee Tips in Canada: A Guide for Business Owners and Bookkeepers
Tips can create a surprising amount of confusion in a business’s bookkeeping and payroll. A customer pays a restaurant bill by credit card, adds a $25 tip, and the entire amount is deposited into the restaurant’s bank account. Does that make the $25 restaurant revenue? Does it have to go through payroll? Is CPP or… Read more: How to Handle Employee Tips in Canada: A Guide for Business Owners and Bookkeepers - How Much Profit Margin Should You Build Into Your Products?
In this guide:Profit Margin vs. Markup · Finding Your Real Costs · Cost of Your Time · Mistakes & Returns · Marketing · Discounts · Scalability · Industry Examples · Overhead · Sales Volume · Competitor Pricing · Pricing Checklist Setting a selling price can look deceptively simple. You know what a product costs. You… Read more: How Much Profit Margin Should You Build Into Your Products? - Outsourcing vs. In-House Accounting: What’s Best for Your Business?
For small businesses and non-profits, financial management is crucial for success. One of the most important decisions you’ll face is whether to manage your accounting and bookkeeping in-house or to outsource it to a professional service. Both options have their advantages, but what’s best for your organization depends on factors such as cost, expertise, and… Read more: Outsourcing vs. In-House Accounting: What’s Best for Your Business? - Tracking Project Expenses for Grants and Contracts: Best Practices for Non-Profits
For non-profit organizations, grants and contracts are often lifelines that enable the fulfillment of their mission. However, managing these funds comes with the critical responsibility of ensuring that every dollar is tracked and reported accurately. Proper project expense tracking is essential not only for maintaining compliance but also for fostering trust with funders and positioning… Read more: Tracking Project Expenses for Grants and Contracts: Best Practices for Non-Profits - Preparing for an Audit: What Every Non-Profit Needs to Know
Audits can seem intimidating for non-profits, but with the right preparation, they don’t have to be. Whether your organization is undergoing a financial audit for compliance or to meet grant requirements, the process can run smoothly with proper planning and organization. By working closely with a knowledgeable bookkeeper, you can streamline your audit process, reduce… Read more: Preparing for an Audit: What Every Non-Profit Needs to Know