VirtuBooks

VirtuBooks Virtubooks helps small business owners stay on top of their finances with clear, accurate, and stress-free bookkeeping.

From monthly records to QuickBooks support, we handle the numbers so you can focus on growing your business.

Here’s what to check at the start of the year:- Bank and credit card balances match your actual statements- Outstanding ...
01/20/2026

Here’s what to check at the start of the year:

- Bank and credit card balances match your actual statements

- Outstanding invoices and bills carried over correctly

- Loan and credit balances are accurate

- Owner or equity balances reflect last year’s activity

If you’re unsure whether your opening balances are correct or want help reviewing them, book a call and let’s make sure everything starts off right.




01/19/2026

Tracking your income, expenses, and key metrics regularly gives you the insights you need to grow your business, identify opportunities, and avoid costly mistakes.

Consistency in tracking isn’t just about numbers, it’s about clarity and control.

What are you currently tracking, and how has it helped you make better decisions? Let us know!



When it comes to forecasting, most business owners end up choosing between spreadsheets or forecasting software. Here’s ...
01/19/2026

When it comes to forecasting, most business owners end up choosing between spreadsheets or forecasting software.

Here’s how they compare:

Spreadsheets:

- Familiar and easy to customize
- Low cost and accessible
- Great for simple or early-stage forecasting
- Requires manual updates and consistent upkeep

Forecasting software:

- Automatically updates using your accounting data
- Reduces manual work and errors
- Better suited for growing or more complex businesses

Most business owners start with spreadsheets, and for many, that works well.

Others add forecasting software as their business grows.

And the truth is, you can use both.

Not sure how to set this up or which approach fits your business? Book a call!




Your financial reports aren’t just for tax time. They’re tools you can use to make smarter choices in your business day ...
01/16/2026

Your financial reports aren’t just for tax time. They’re tools you can use to make smarter choices in your business day to day.

Here’s how to use them in a practical way:

1. Review your profit and loss to see what’s actually working and what isn’t, so you clearly understand where your money is coming from, where it’s going, and what’s truly profitable.

2. Check cash flow to know what’s available before making decisions like hiring, investing in marketing, or taking on new expenses.

3. Look at trends over time, not just one month. Patterns usually show up across seasons, which helps you plan ahead for things like promotions and slower periods.

Use your numbers to plan ahead instead of reacting.

Think of your business as a living system that needs regular attention

If you’re unsure how to use your reports or your books aren’t up to date, book a call and let’s get clarity around your numbers.




01/15/2026

Without clear data, it’s impossible to make informed decisions—this is especially true with your finances.

Tracking your income, expenses, and key metrics regularly gives you the insights you need to grow your business, identify opportunities, and avoid costly mistakes.

Consistency in tracking isn’t just about numbers, it’s about clarity and control.

What are you currently tracking, and how has it helped you make better decisions? Let us know!




If you’re building your list for the year, here are some solid business and mindset reads many business owners love for ...
01/15/2026

If you’re building your list for the year, here are some solid business and mindset reads many business owners love for growth, clarity, and confidence:

- Atomic Habits by James Clear for building consistency without burnout

- The Psychology of Money by Morgan Housel for a healthier relationship with money and decisions

- Profit First by Mike Michalowicz for rethinking cash flow and profitability

- Essentialism by Greg McKeown for focusing on what truly matters

- The Big Leap by Gay Hendricks for mindset shifts around growth and success

- Company of One by Paul Jarvis for sustainable business growth without pressure to scale endlessly

What’s one business or mindset book you’re adding to your 2026 list?




Here’s a question we get often: How often should I review my financial statements?At a minimum, once a month. Monthly re...
01/14/2026

Here’s a question we get often: How often should I review my financial statements?

At a minimum, once a month. Monthly reviews help you stay aware of what’s happening in your business and avoid surprises.

But your cash position should be reviewed at least once a week.

Have a question about your business finances?

Drop it in the comments or send us a message.

Follow for helpful tips to make running your business easier.




01/13/2026

Tax deadlines aren’t the same for everyone in Canada.

For personal tax returns, the deadline to file and pay is April 30, 2026
(Self employed individuals can file by June 15, but any balance owing is still due April 30.)

For corporations, it’s different:
→ The T2 return is due 6 months after your fiscal year end
→ Corporate tax payments are generally due 2 months after year end
→ 3 months for eligible CCPCs

This is why keeping your books up to date all year matters. Clean records make it easier to meet deadlines, work with your tax preparer, and avoid last minute stress.

If you need support with your bookkeeping, we’re here to help.
Book a call with us to learn more.

Need help with your business finances? We've got you! Schedule a call with us today to learn more about!



When your books are done right, everything feels easier!As trusted bookkeeping experts specializing in QuickBooks, we he...
01/13/2026

When your books are done right, everything feels easier!

As trusted bookkeeping experts specializing in QuickBooks, we help business owners clean up their books, stay compliant, and build systems that actually work.

If you’re ready for reliable bookkeeping support, let’s talk!

Book a call to get started.



Incorporating makes your business a separate legal entity, which can offer tax and legal advantages as you grow.You may ...
01/12/2026

Incorporating makes your business a separate legal entity, which can offer tax and legal advantages as you grow.

You may want to incorporate if:

- Your income is consistently growing, especially over $125,000
- You’re hiring or working with contractors
- You’re taking on more risk through contracts or leases
- You want more tax planning options
- You plan to bring in investors or partners

Benefits of incorporating:

- Limited liability protection
- Potentially lower corporate tax rates
- Increased credibility
- Easier business continuity and sale

Have a question? Drop it in the comments or send us a message.




Are you fed up with being “everyone” in your business?The owner. The admin. The scheduler. The bookkeeper. The one answe...
01/11/2026

Are you fed up with being “everyone” in your business?

The owner. The admin. The scheduler. The bookkeeper. The one answering every message.

It’s exhausting!

You don’t have to hand everything off at once. Start with one small task that drains your time or energy and let someone else take it on.

Your business will still run. You’ll just have more space to breathe.

What’s the first thing you’re ready to delegate this new year?



Take what you need or take it all!What are you taking into 2026?Drop it in the comments and tag a friend. ...
01/10/2026

Take what you need or take it all!

What are you taking into 2026?

Drop it in the comments and tag a friend.




Address

Toronto, ON

Opening Hours

Monday 10am - 4pm
Tuesday 10am - 4pm
Wednesday 10am - 4pm
Thursday 10am - 4pm
Friday 10am - 4pm

Website

Alerts

Be the first to know and let us send you an email when VirtuBooks posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category