18 June 2020

Has your PACME request been refused? Here are the alternatives available to you!

How to reduce accounting costs?

How to reduce accounting costs?   Cost reduction is one of the main objectives of any business in order to improve its profitability. If this is

8 common accounting mistakes to avoid

8 Common Accounting Mistakes to Avoid For a business leader, accounting is generally nothing exciting. We have to invoice, pay our employees, remit our taxes, pay

The business case for a service business

The business case for a service business With cloud applications, it is increasingly easy to have (almost) real-time access to the financial performance of our

Going into Business 101

Going into Business 101   Quebec is teeming with people ready to start a business, with new, incongruous, sometimes questionable but often innovative and value-creating

What is a debenture?

The debenture is a long-term financing instrument used mainly by companies that have a regular source of income. In recent years, we have regularly seen this

Zoho CRM 101 Glossary

Zoho CRM 101 Glossary | Cofinia Consulting Thinking of implementing a CRM? But what does it eat in winter and how does it work? The implementation of a

Has your PACME request been refused? Here are the alternatives available to you!

Has your PACME request been refused? Here are the alternatives available to you!   The concerted actions program for job retention ( PACME -COVID-19) was launched on April 6 to provide direct financial support to businesses and self-employed workers to promote training, the development of digital skills as well as the implementation of good management practices . However, the Company and Collective Promoter components of the C oncerted Actions Program for Maintaining Employment having been extremely popular, the maximum financial capacity was reached on May 27th. In this sense it is no longer possible to submit a new application . Companies are therefore invited to check whether it is possible to join a training project

Slice of life as an entrepreneur – Sales

Slice of life as an entrepreneur – Sales   That’s what scared me the most when I started Cofinia: selling. I had never made a sale. Neither near nor far. I found myself very funny when, in the fall of 2016, I created a CRM account to manage my 4 clients and my 3 opportunities. Did I need a CRM? Not really. But I was convinced that it would be useful to me one day, so why not start on the right foot! I finally killed two birds with one stone, since it was Zoho’s CRM that introduced me

How to reduce accounting costs?

How to reduce accounting costs?   Cost reduction is one of the main objectives of any business in order to improve its profitability. If this is one of your goals, keep in mind that this reduction should affect the productivity of your business as little as possible.  The important thing is to achieve effective cost reduction. Moreover, one aspect that can be costly for many companies is accounting. If you have issues with your billing, tax reporting, spreadsheets, or accounting, reducing accounting costs could benefit your organization.   Some companies have the resources to provide full financial service, but the reality

8 common accounting mistakes to avoid

8 Common Accounting Mistakes to Avoid For a business leader, accounting is generally nothing exciting. We have to invoice, pay our employees, remit our taxes, pay our installments. For many, these steps are done by an accounting technician or by the entrepreneur himself. How to know if the accounting is in order? Too often, when clients come to us, nothing goes right. The accounting is late, they don’t have access to the information and the line of credit is “in the piton” as they say. How did we get there? Here are the 8 most common accounting mistakes :  1. Not giving importance to

Accounting: How to migrate to the cloud?

Accounting: How to migrate to the cloud?   ?There are so many advantages to using a cloud accounting system that for me, the question of migrating from a locally installed system, such as Sage50 , Avantage or Acomba , no longer arises . Nevertheless, data migration is a hindrance for many given the lack of knowledge or accounting expertise. I propose here 4 ways to migrate your accounting data to the cloud, starting from the simplest to the most complex. It is important to leave with reliable, up-to-date accounting data and to decide on the date on which you want to migrate. Ideally, I recommend choosing

5 accounting tips to check your accounting management

5 accounting tricks to check your accounting management Cofinia has been supporting SMEs in business management and accounting management since 2016. Many clients have approached us to help them update their business accounting, knowing that there was a problem. However, in several other cases, we had to notify the client of shortcomings and problems that we observed when they entrusted us with a bookkeeping or system migration mandate. Here are 5 accounting tips to check if your accounting is in order: 1. Are your bank and credit card reconciliations done? Bookkeeping may seem routine to some people, but it comes with its

The business case for a service business

The business case for a service business With cloud applications, it is increasingly easy to have (almost) real-time access to the financial performance of our company. Of course, as an accountant, I am quite well equipped to analyze the numbers. On the other hand, as an entrepreneur, I must say that it takes on another meaning. For what? Because it’s not just numbers and it’s not enough to make decisions based on the analysis we make of these indicators. In the past, as CFO, I gave my opinion, I issued recommendations, but ultimately, it was the CEO and the management team

Going into Business 101

Going into Business 101   Quebec is teeming with people ready to start a business, with new, incongruous, sometimes questionable but often innovative and value-creating ideas. These geniuses, these visionaries, these entrepreneurs hasten to implement their ideas as soon as the opportunity arises. Sometimes the business plan is not refined and even the administrative aspects are not done, but an entrepreneur with an idea does not stop there. Go let’s get started! In this article, I present some points to consider when starting a business: a “ checklist ” for entrepreneurs.   Strategy and business plan One genius idea and off we go! The

What is a debenture?

The debenture is a long-term financing instrument used mainly by companies that have a regular source of income. In recent years, we have regularly seen this type of financing for start-ups, which need to provide funds to accelerate their growth. Companies and governments frequently issue debentures to increase their capital and develop new projects. Over the past decade, the Canadian convertible debenture market has experienced strong growth. However, the risks associated with this type of financing remain little known. What is a debenture? A debenture is an unsecured debt obligation, issued by a civil or governmental company and guaranteed only by the

Zoho CRM 101 Glossary

Zoho CRM 101 Glossary | Cofinia Consulting Thinking of implementing a CRM? But what does it eat in winter and how does it work? The implementation of a crm allows better management of the customer relationship (Customer Relationship Management). It helps to better identify, understand, manage and meet the needs of potential and existing customers. The objective of having a CRM is to centralize all data and activities related to prospects and customers. But how is a CRM composed? In this article, we introduce you to the different modules of Zoho CRM to help you better navigate the application. Basic terms Modules In

No Posts Found!