Managing your finances

Resources to help you understand financial concepts and learn about tasks like budgeting, financial analysis and bookkeeping.

• Survival Guide
  
  http://www.camagazine.com/archives/print-edition/2009/march/features/camagazine3286.aspx
  Useful tips for managing your business’ finances in difficult times. This article is written for chartered accountants to help them advise their clients, but business owners can benefit from the advice as well.
• Glossary of Financial Terms
  
  http://www4.bmo.com/popup/0,4442,35490_47131,00.html
  Are you trying to understand your financial statements? Are you confused by words your banker or accountant is using? Brush up on your financial vocabulary with this glossary.
• Benchmarking tools and ratio calculators
  
  http://www.bdc.ca/en/advice_centre/tools/calculators/Pages/overview.aspx
  Ratio calculators are online calculators that measure your business performance, such as asset utilization, liquidity, leverage, inventory turnover, sales, net profits, and more.
• Alternatives to Bankruptcy
  
  http://www.ic.gc.ca/eic/site/bsf-osb.nsf/eng/br02049.html
  If you are having financial difficulties, declaring bankruptcy should be your last resort. First consider other options, such as reworking your budget, consolidating loans, selling assets, or more formal alternatives such as a Division 1 Proposal.
• Register of businesses and individuals authorized to practise
  
  http://www.lautorite.qc.ca/clientele/consommateur/registre-entreprises-individus-autorises-exercer/registre.en.html
  This register allows you to verify whether the business or person with whom you are doing business is authorized to conduct business pertaining to financial advice or the sale of financial products.
• 7 tips for building your cash flow
  
  http://www.bdc.ca/EN/advice_centre/articles/Pages/cash_flow.aspx
  From analyzing your financial statements to getting tough with deadbeats, and more, find out if these tips can boost your cash flow.