Cash flow is the lifeblood of any business. Managing your cash inflows and outflows efficiently ensures smooth operations and sustainable growth. In this blog, we'll dive into the importance of cash flow statements and how they contribute to managing liquidity for your business.

Setting up a small business is an exciting endeavor, but it's crucial to build it on solid financial ground. A well-structured financial plan can be the difference between thriving and struggling. In this blog, we'll explore how to establish a strong financial foundation for your small business, ensuring a smooth journey to success.
 

Imagine having complete control over your time as a business owner—seamlessly managing your responsibilities, achieving your goals, and still having room for a fulfilling personal life. It may seem like a dream, but it’s entirely within your reach with the right strategies.

Small businesses often require financial advice and support in maintaining their books of accounts. Two professions that play a vital role in the financial management of small businesses are bookkeepers and accountants. While both professions are essential in managing a company's finances, they have significant differences that every small business owner should understand. 

In this blog, we will discuss the differences between bookkeepers and accountants and how they can help small businesses with their financial management.
 

As a small business owner, you know that accurate bookkeeping is an essential part of running a successful business. Keeping accurate financial records is crucial for monitoring your business's financial health, making informed decisions, and complying with tax laws. 

In this blog, we will discuss the importance of accurate bookkeeping and how it can help your business grow.
 

Creating a financial plan is essential for achieving your long-term goals, especially if you are a small business owner. As a small business financial advisor and bookkeeper in Edmonton, Alberta, Essina Business Financial Services has helped many small business owners create a highly effective financial plan. 

In this blog, we will guide you through the step-by-step process of creating a financial plan that will help you achieve your business goals. 

If you’re like most business owners, you wear many hats. You’re the visionary and the leader of your company, but you also have to take care of the day-to-day operations. It can be a lot to handle, and it can be difficult to keep track of everything. This is where a bookkeeper can help.

Most small businesses can choose when they would like their business year to end. For example, seasonal businesses may choose the month their season ends as their year’s end. Many businesses, however, keep their business year-end in line with the calendar year.

If you’re a business owner, chances are you wear a lot of hats. You’re the CEO, the marketing director, the sales manager, and the human resources department all rolled into one. With so much on your plate, it’s easy to let some things fall through the cracks. Unfortunately, one of the things that often gets neglected is bookkeeping.

I’m Sabrina Johnson, the proud owner of Essina Business Financial Services.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

Although we were reeling from a pandemic, we were fortunate that bookkeeping was not severely affected by the changes that were taking place. We had to implement the new rules that were going about and find a way to get through the processes. However, everyone was still filing their taxes, and while there were a few breaks for businesses, the rules for their bookkeeping stayed the same.

We are delighted to announce the launch of our new website!