<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Operator Accounting]]></title><description><![CDATA[Operator Accounting]]></description><link>https://betterwavemarketing.wixstudio.com/operator-accounting/blog</link><generator>RSS for Node</generator><lastBuildDate>Wed, 26 Aug 2026 05:43:20 GMT</lastBuildDate><atom:link href="https://www.operatoraccountinginsights.ca/blog-feed.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[Setting Prices]]></title><description><![CDATA[How do you set prices for your products and services? Cost-plus? Market value? Are you a price-taker? Vibes?? If it's cost-plus, have you captured all the relevant costs? Are you setting the markup high enough to cover fixed costs, interest on debt, dividends, and profit? If it's market value, how do you determine that price? How do you decide if your offering should be on the low-end, high-end, or somewhere in between in the value range? If it's set by a commodity market, or by regulation,...]]></description><link>https://www.operatoraccountinginsights.ca/post/setting-prices</link><guid isPermaLink="false">6a8dab59bd81428ea60f08a9</guid><pubDate>Sat, 25 Jul 2026 16:36:06 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[I'm Not Cheap]]></title><description><![CDATA[You have a range of pricing options to choose from when searching for accountants to handle your bookkeeping, financial operations, and forward-looking financial analysis. I am not on the cheaper end, and let me tell you why. There are people out there who got a Quickbooks certification over a weekend and can provide a basic level of service. On the other hand, as a Chartered Professional Accountant, I bring more to the table in the form of many years of education and experience in the...]]></description><link>https://www.operatoraccountinginsights.ca/post/i-m-not-cheap</link><guid isPermaLink="false">6a8dab59bd81428ea60f08ad</guid><pubDate>Sat, 25 Jul 2026 16:20:01 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Cash Demands on a Growing Business]]></title><description><![CDATA[You have to spend money to make money! Most business owners want to grow their revenue. To get there, you better bring cash. Why? More inventory needs to be bought or produced first. More staff likely needs to be hired, which is an ongoing higher expense. After the growth happens, you will have more customer invoices to collect if you sell on credit. You’ll also have more vendor bills to pay, and perhaps more loan payments to make. Growth takes hard work and discipline not just in operations,...]]></description><link>https://www.operatoraccountinginsights.ca/post/cash-demands-on-a-growing-business</link><guid isPermaLink="false">6a8dab59bd81428ea60f08ac</guid><pubDate>Sat, 25 Jul 2026 16:05:05 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Benefits of a One-Person Firm]]></title><description><![CDATA[I had a client tell me recently that a big reason they like working with me for the past three years is the continuity of service they enjoy. With their previous outsourced accountant, which was a bigger firm, there was a new person on their file every few months. This meant bringing a new person up to speed on a regular basis because they’d be starting from square one. On the other hand, since I’m a one-person operation, I’ve developed a deep knowledge of their business, and they know...]]></description><link>https://www.operatoraccountinginsights.ca/post/benefits-of-a-one-person-firm</link><guid isPermaLink="false">6a8dab59bd81428ea60f08aa</guid><pubDate>Sat, 25 Jul 2026 15:51:49 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Outsourcing Anxiety]]></title><description><![CDATA[For many small business owners, managing their own accounting can induce anxiety. If they’ve never been taught how to do it properly, trying to do it themselves could end up just sitting hunched over a laptop, not knowing what to do next. But it has to be done! There are three approaches you as a small business owner could take. One is to not do it. I think we both know that’s not a good idea, though. Not only are you going to run into tax problems, but you’ll be completely rudderless when...]]></description><link>https://www.operatoraccountinginsights.ca/post/outsourcing-anxiety</link><guid isPermaLink="false">6a8dab59bd81428ea60f08ae</guid><pubDate>Sat, 25 Jul 2026 15:49:41 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Just Got Audited?]]></title><description><![CDATA[Nobody enjoys getting a CRA audit. It could end up in your business paying back taxes, penalties, and interest; and even if that doesn’t happen, it still costs time and effort in complying with their requests. This is time you could’ve spent working on your business. What leads to getting audited? Claiming strange expenses. Reporting revenue and/or profit that’s significantly different from your industry peers. Mixing personal and business expenses. How can you improve your odds of avoiding a...]]></description><link>https://www.operatoraccountinginsights.ca/post/just-got-audited</link><guid isPermaLink="false">6a8dab59bd81428ea60f08ab</guid><pubDate>Sat, 25 Jul 2026 15:45:15 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Which P&#38;L is better?]]></title><description><![CDATA[Cash-basis accounting tells you when money moved. True-performance (aka accrual-basis) accounting tells you when business actually happened. Under the cash basis, revenue shows up when the customer pays you. Expenses show up when you pay the bill. This might sound simple, but it can badly distort what’s really going on. Under the accrual basis, revenue shows up when you’ve earned it. Expenses show up when you’ve incurred them. That gives you a much more honest picture of whether the business...]]></description><link>https://www.operatoraccountinginsights.ca/post/which-p-amp-l-is-better</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e34</guid><pubDate>Mon, 18 May 2026 19:34:42 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/a09dc1_560997c29b7240cf8a45c4d6b7f78bde~mv2.png/v1/fit/w_401,h_395,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Is it Time to Upgrade your Accounting Infrastructure?]]></title><description><![CDATA[I’ve stated before in a previous blog post that quality accounting infrastructure is essential for properly managing a business. So how do you know if your infrastructure needs to be upgraded? Here are several signs: It’s reliant on spreadsheets These are low-cost alternatives to paying for accounting software, but there are trade-offs. Aside from having to build an effective and efficient spreadsheet from scratch, the opportunity for catastrophic error from accidentally deleting a crucial...]]></description><link>https://www.operatoraccountinginsights.ca/post/is-it-time-to-upgrade-your-accounting-infrastructure</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e33</guid><pubDate>Sat, 09 May 2026 20:47:46 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Mitigating Concentration Risk]]></title><description><![CDATA[The value chain – the flow of goods and services that starts with raw inputs and ends with a purchase by the end user – is an essential puzzle that entrepreneurs need to solve to make sure they have a viable business model. When a piece of the puzzle emerges before or after you in this chain that promises to supply much of what you need to be viable, it can be seductive to snap up the opportunity. However, it’s important to tread carefully here. On the vendor side, there are benefits of...]]></description><link>https://www.operatoraccountinginsights.ca/post/mitigating-concentration-risk</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e2d</guid><pubDate>Sat, 09 May 2026 20:44:09 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Explaining the Cash Flow Statement]]></title><description><![CDATA[From what I’ve seen, most small business owners are quite familiar with the profit &#38; loss statement and the balance sheet. What doesn’t get as much attention is the cash flow statement. Because not every cash transaction appears on the P&#38;L, and not every P&#38;L transaction involves cash, there will almost always be some degree of difference between what the P&#38;L says is net profit and how much change in cash has truly occurred. The cash flow statement reconciles this difference. To describe it...]]></description><link>https://www.operatoraccountinginsights.ca/post/explaining-the-cash-flow-statement</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e32</guid><pubDate>Sun, 26 Apr 2026 16:20:30 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Client-First, Not AI-First]]></title><description><![CDATA[Unless you’ve been living under a rock, you’ll have noticed the hype around AI has been going at a frenzied pace. To be candid, I worry sometimes about the future of my career and my role in the world. If I’m not riding the frontiers of AI in accounting, will I be made redundant? It’s times like these that I remind myself that while AI is indeed a transformational technology, I also shouldn’t go looking for an answer in search of a question. I do deploy AI in my practice where it provides...]]></description><link>https://www.operatoraccountinginsights.ca/post/client-first-not-ai-first</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e31</guid><pubDate>Sat, 25 Apr 2026 20:16:32 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[What is accounting infrastructure?]]></title><description><![CDATA[I often refer to “accounting infrastructure” and how important it is to have it in place in a growing and complex business. But what do I actually mean by it? While your main accounting general ledger software is part of it (Quickbooks, for example), accounting infrastructure is also: Software platforms that your business uses where accounting data flows from (examples are Shopify, Stripe, or industry-specific enterprise programs) Software that pulls from the general ledger for financial...]]></description><link>https://www.operatoraccountinginsights.ca/post/what-is-accounting-infrastructure</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e2b</guid><pubDate>Sat, 25 Apr 2026 20:12:03 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Bookkeeping is Not Enough for Growing Firms]]></title><description><![CDATA[Bookkeeping is table stakes for all companies. For a growing business, it’s not enough. Solopreneurs and microbusinesses, from an accounting perspective, have fairly simple operations. There’s not much in the way of receivables or payables to accrue, there’s often no staff to manage, and the number of sales/service lines are usually few and far between. As such, there’s not much need to dig deeper into the numbers or for rigorous forward-looking planning. Making sure transactions are properly...]]></description><link>https://www.operatoraccountinginsights.ca/post/bookkeeping-is-not-enough-for-growing-firms</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e30</guid><pubDate>Mon, 06 Apr 2026 22:40:30 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Who to Pay When Cash is Short]]></title><description><![CDATA[When your business is short on cash, and you can’t pay everybody that needs to be paid, it’s time to take triage. There are two payments you should protect before you start playing whack-a-mole with vendors: The government (payroll remittances, GST/HST, source deductions) Your employees (wages) These are the two groups that can shut you down the fastest if payment is late. 1) Pay the government (especially payroll remittances) If you fall behind on remittances, you’re going to find yourself...]]></description><link>https://www.operatoraccountinginsights.ca/post/who-to-pay-when-cash-is-short</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e35</guid><pubDate>Sun, 15 Feb 2026 22:34:21 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Growth Eats Cash]]></title><description><![CDATA[Growth sounds great, until you realize what’s needed to achieve it. Most businesses want to grow. They want to make more sales and keep more profit. Finding the right marketing message is not the only obstacle to achieving that growth, though. To satisfy growing demand, companies need to buy more inventory, hire more staff, and obtain more physical space. These all require more upfront cash because these things must be secured before those sales are made and the cash is collected. This is why...]]></description><link>https://www.operatoraccountinginsights.ca/post/growth-eats-cash</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e2c</guid><pubDate>Sun, 15 Feb 2026 22:32:18 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Your Financial Statements Are Telling You Something]]></title><description><![CDATA[Financial statements aren’t just a bunch of dry numbers. They’re trying to tell you something, and it's usually it’s one of these: “You’re making money… but it’s not turning into cash.” “Sales are up, but the business is getting weaker.” “Margins are slipping and you’re about to feel it.” “You’ve built a dependency—on debt, on one customer, or on supplier credit.” “Everything looks fine… except this one line that’s quietly becoming a problem.” The problem is that most owners treat financial...]]></description><link>https://www.operatoraccountinginsights.ca/post/your-financial-statements-are-telling-you-something</link><guid isPermaLink="false">6a8dab5774e96050ac0c3e2f</guid><pubDate>Sun, 08 Feb 2026 01:54:59 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Revenue Recognition for Project-Based Businesses]]></title><description><![CDATA[Who this is for Owner-operators of project-based businesses (flooring, trades, agencies, installers, contractors) using QuickBooks Online (QBO) who: take deposits invoice before work is complete do progress billing or change orders want financial statements they can actually trust Revenue recognition definition (plain English) Revenue recognition is the rule for when you record revenue in your books. Good rule of thumb: You recognize revenue when you earn it (by delivering the work), not when...]]></description><link>https://www.operatoraccountinginsights.ca/post/revenue-recognition-for-project-based-businesses</link><guid isPermaLink="false">6a8dab53493f3730e5a3400b</guid><pubDate>Sat, 07 Feb 2026 22:35:11 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Financial Planning &#38;amp; Analysis (FP&#38;amp;A) for Owner-Operated Businesses: A Build Order That Actually Works]]></title><description><![CDATA[If I was to build an FP&#38;A (Financial Planning &#38; Analysis) regime for an owner-operated business, I build it in a specific order. Not because it’s “best practice", but because it matches how small businesses actually break: cash first, then profitability, then strategy, then execution discipline. This post explains the sequence: 13-week cash forecast 12-month P&#38;L forecast Long-term financial plan (3–5 years) tied to strategy Annual budget Step 1: Build a 13-week cash forecast A 13-week cash...]]></description><link>https://www.operatoraccountinginsights.ca/post/financial-planning-amp-analysis-fp-amp-a-for-owner-operated-businesses-a-build-order-that-actua</link><guid isPermaLink="false">6a8dab53493f3730e5a3400a</guid><pubDate>Sat, 07 Feb 2026 22:06:20 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[Accruing Income Taxes]]></title><description><![CDATA[When you’re preparing your month-end financials, are you including an accrual for income taxes?  Assuming your business is profitable, you will most likely have to pay income taxes at the end of the year. Instead of it being a surprise at that time, it’s best to accrue income tax expense on a monthly basis, which will allow for a more accurate liability section of your balance sheet.  In Canada, if your business qualifies for the small business deduction, you will be paying 9% federal tax....]]></description><link>https://www.operatoraccountinginsights.ca/post/accruing-income-taxes</link><guid isPermaLink="false">6a8dab53493f3730e5a34003</guid><pubDate>Sat, 22 Nov 2025 23:13:22 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item><item><title><![CDATA[When to Hire a Bookkeeper]]></title><description><![CDATA[You’ve launched your business (congratulations!), and you know you need to keep on top of your bookkeeping. To save money in the early days, you decide to just do it yourself, even though you’ve never done it before.  From what you hear, Quickbooks makes it sound easy for an entrepreneur to use their software. Great! I’m all set, you say.  Fast forward to year-end, and your tax accountant can’t make heads or tails of your Quickbooks file due to miscategorized transactions — like loan proceeds...]]></description><link>https://www.operatoraccountinginsights.ca/post/when-to-hire-a-bookkeeper</link><guid isPermaLink="false">6a8dab53493f3730e5a34007</guid><pubDate>Sat, 22 Nov 2025 23:12:35 GMT</pubDate><dc:creator>BetterWave Marketing</dc:creator></item></channel></rss>