{"id":1946,"date":"2022-10-21T10:34:19","date_gmt":"2022-10-21T14:34:19","guid":{"rendered":"https:\/\/amcgim.org\/project\/doing-your-accounting\/"},"modified":"2022-10-21T10:34:21","modified_gmt":"2022-10-21T14:34:21","slug":"doing-your-accounting","status":"publish","type":"project","link":"https:\/\/amcgim.org\/en\/project\/doing-your-accounting\/","title":{"rendered":"Doing your accounting"},"content":{"rendered":"

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Blog articles<\/h1>\n

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News<\/strong><\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” module_class=”entrepreneurs” _builder_version=”4.10.8″ _module_preset=”default” background_color=”#FFFFFF” custom_margin_tablet=”” custom_margin_phone=”” custom_margin_last_edited=”on|tablet” custom_padding=”0px||0px||false|false” custom_padding_tablet=”0px||30px||false|false” custom_padding_phone=”||20px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row column_structure=”1_3,2_3″ use_custom_gutter=”on” gutter_width=”1″ make_equal=”on” _builder_version=”4.10.8″ _module_preset=”default” width=”100vw” max_width=”100vw” custom_margin=”||||false|false” custom_padding=”0px||0px||true|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”1_3″ _builder_version=”4.10.8″ _module_preset=”default” background_color=”rgba(220,211,207,0.88)” background_enable_image=”off” custom_padding=”0px||0px||true|false” custom_padding_tablet=”0px||0px||true|false” custom_padding_phone=”0px||0px||true|false” custom_padding_last_edited=”on|desktop” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_image src=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” title_text=”benoit-cantin-3″ force_fullwidth=”on” _builder_version=”4.14.7″ _dynamic_attributes=”src” _module_preset=”default” custom_margin=”||||false|false” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” background_color=”#FFFFFF” custom_padding=”5%|5%|5%|5%|true|true” sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.10.4″ _module_preset=”default” custom_padding=”5vh|5vw|5vh|5vw|true|true” custom_padding_tablet=”|7vw||7vw|true|true” custom_padding_phone=”” custom_padding_last_edited=”on|phone” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_post_title author=”off” comments=”off” featured_image=”off” _builder_version=”4.14.7″ _module_preset=”default” title_font=”|700|||||||” title_font_size=”50px” meta_text_color=”#ED6B17″ custom_margin=”||40px||false|false” title_font_size_tablet=”45px” title_font_size_phone=”35px” title_font_size_last_edited=”on|phone” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_post_title][et_pb_text _builder_version=”4.14.7″ _module_preset=”default” custom_margin=”||20px||false|false” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

Originally from Gasp\u00e9sie, Anabel Mercier is the founder of the young business, Gestion AMR, which offers services and advice in the fields of accounting, human resources and management, across Quebec.<\/p>\n

On November 8, 2019, Anabel offered a workshop for Acc\u00e8s Micro-cr\u00e9dit Gasp\u00e9sie, “faire sa comptabilit\u00e9”. She was accompanied by two other panelists, Christophe Poirier (owner of seasonal rental housing) and S\u00e9bastien Godin (owner of the business Atelier Royal Rustik<\/a>)<\/p>\n

WHY MAKE A BUDGET<\/strong><\/p>\n

FINANCIAL OBJECTIVES<\/strong><\/p>\n

Making a budget is an opportunity to set (realistic) financial goals over time. It will help you reach them more.<\/p>\n

TARGET YOUR PRIORITIES<\/strong><\/p>\n

Making a budget allows us to keep a closer eye on our business priorities. In fact, it allows for better control over unnecessary expenses.<\/p>\n

STRESS REDUCTION<\/strong><\/p>\n

Making a budget gives invaluable peace of mind.<\/p>\n

PLANNING FOR CONTINGENCIES<\/strong><\/p>\n

Making a budget allows you to anticipate contingencies and avoid debt.<\/p>\n

BETTER SHORT-TERM PLANNING<\/strong><\/p>\n

Making a budget also means updating it regularly. This will allow you to adapt in the short term and make the best decisions for your business.<\/p>\n

Making a budget means taking into account your personal AND professional expenses. The objective is to calculate all your expenses in order to plan and target your revenue objectives. It is essential to respect this budget. To do this, it is important to consult and update it regularly and to plan your expenses according to the stage of development of your business. Set aside time each week to manage your budget. This time will be beneficial in the long run.<\/p>\n

ACCOUNTS PAYABLE<\/strong><\/p>\n

Payments are what build trust with your supplier. It is also important not to fall behind, as this could damage your credit and\/or reputation. If payment terms are always met, your supplier may give you better discounts\/conditions in the future.<\/p>\n

ACCOUNTS RECEIVABLE<\/strong><\/p>\n

Keep in mind that your client’s payment is your revenue. It is important to keep a close follow-up on the accounts receivable. If your clients are businesses, you can grant payment terms based on what your business can support. You can also request an advance payment that can be used as a down payment and\/or time bank on large projects. Customer service is a crucial element in managing a business. Your clients should be treated the same way you would like to be treated. Never forget that your clients are your livelihood.<\/p>\n

TAXES
<\/strong>You pay the taxes you charged to clients and reclaim the taxes on your purchases. Here are some points to keep in mind:<\/p>\n