As an entrepreneur, it can be very exciting -and stressful -to watch your business grow. Meet Nicole Funk, Executive Director of Wellspring Support Inc, who used to worry about her payroll process or whether that vendor got paid on time.
Located in Victoria, British Columbia, Wellspring Support is a comprehensive, community-oriented service provider offering innovative day programming for adults with developmental, physical and behavioural challenges. With a new location and new staff hires, Wellspring is now a medium sized business and growing.
I had a chance to talk with Nicole about her new peace of mind on her business payments and how other entrepreneurs might find it helpful.
Nowadays, it feels like we are living in a fast food mentality. We can no longer wait for anything and want it faster. No time to cook, so you do fast food. Why go to a traditional store, when you can buy the perfect item online. What about your bill payments? How does “Next Business day, Bill pay,” sound to you? Here’s a review of Telpay’s Payables Funding Options.
Payables funding options are really important because this is how Telpay receives money from your business to process your payables payments. There are two available funding options. You can choose to send money to Telpay via online banking which has a one-day lead time or request Telpay to automatically withdraw the money from your bank account through Pre-Authorized Debit which requires a four-day lead time.
Congratulations to Juliet Aurora CPB, President and CEO of AIS Solutions in Burlington Ontario, for being honoured by the Institute of Professional Bookkeepers of Canada (IPBC) as the Bookkeeping Firm of The Year. Juliet is a long time Telpay customer and proud partner in our ASP Program.
The Bookkeeping Firm of the Year Award was created to recognize a member firm who upholds the IPBC standards and ideals. As well as a firm that has had significant success along with contributing to their community. Juliet Aurora and AIS Solutions are very deserving.
We have all seen the commercials bragging about their products such as, “the ultimate driving machine,” by BMW or “Look Ma, no cavities,” by Crest. Hey, I do like BMW’s, but as a Volvo owner, I am not sure BMW is the ultimate ride. Also, I have used Crest toothpaste but still got a couple of fillings to fix those cavities. Taglines can be catchy, but are they true? When it comes to bill payments, Telpay is “The Better Way to Pay,” because you can pay anyone. Here’s why.
With Telpay’s all-in-one comprehensive payment system, you really can pay anyone. From payroll, government remittances, supplier invoices, expense accounts, one off payment, USD payments, international payments and more. We truly can help you streamline and eliminate manual processes while retaining existing controls. You can reduce costs and save time and be more efficient. We have answers to some of those burning questions about paying anyone.
As an accounting professional, it sometimes feels like the payment cycle never stops. Whether it is month end invoices from suppliers, a one-off payment to a consultant in Pittsburgh or running a bi-monthly payroll for your employees, along with the source deductions to Canada Revenue Agency (CRA). Let’s take a closer look at remitting payroll deductions, how to pay them and explore available options.
Running payroll means you also have to remit the CPP contributions, the EI premiums, and income tax deducted from your employees’ income, along with your share of CPP contributions and EI premiums.
As a business owner or accounting professional, we all like things to be hassle free…right! Meet Juliet Aurora, founder of AIS Solutions in Burlington, Ontario and a Telpay ASP Partner. Juliet and her team at AIS Solutions, pride themselves on providing business owners with “no hassle” bookkeeping done right.
In 2000, while in search of work-life balance, Juliet made the decision to set up an accounting business from her home. From those humble beginnings, Juliet has grown AIS Solutions into a full-service bookkeeping and small business advisory firm with a team of ten. And, this fall she will be launching a cutting edge Training and Support community for Bookkeepers called Kninja Knetwork. Juliet has found her work-life balance by incorporating tools that help her succeed in all aspects of AIS Solutions. Today, she successfully runs a thriving business while still making time for her family and friends.
How come summer always seems to end too soon? As Canadians, that is our reality of living in a beautiful country with four distinct seasons. Instead of thinking of fall as an end of summer or time to get back to work, how about a time for a change, just like the leaves changing colours.
Here are four tips to help make your transition into fall a more enthusiastic and upbeat experience:
Organize: To increase your productivity and help you feel a sense of accomplishment, consider organizing your work area or office, including your computer files or folders. Remember cleaning is not just a spring thing, but can also help you get organized in the fall.
Prioritize: Jumping back into everything all at once can leave you feeling stressed and overwhelmed. It is better to prioritize what needs to get done right away. Try to sort through emails, projects and deal with the most important ones first. Prioritizing will relieve stress and get you back in the work groove.
Efficiency: Find ways to be more efficient with processes at work. Do you find you are spending too much time doing things manually in your payables process? With Telpay for Business, you can streamline your payable process by paying multiple accounts in one transaction or scheduling payment dates that suit your cash flow.
Routine: After a busy summer, it feels great to get back into a routine. Everyone is unique with different lives and schedules. Going back to a routine can be as easy as going to bed at a regular time, bringing your lunch to work or even getting back to the gym. Only you know what works and feels best for you.
So next time when your alarm goes off, we hope that these tips will get you more confident about work, by embracing the change that fall brings. Besides shoes are still better than sorrels!
As we are in the “dog days of summer,” we hope you are outside enjoying the beautiful weather. If you are still stuck in the office, it is time to break free with Telpay for all your electronic business payments. Continue reading
As the talks continue in the 30-day cool off period between Canada Post and the Canadian Union of Postal Workers, businesses are still sweating about the possibility of a mail disruption. Continue reading
Did you know that Canada Post and the Canadian Union of Postal Workers have been in contract negotiations since late 2015 to reach a new agreement? Already some of Canada Post’s biggest customers, including the federal government, are being told to make contingency plans ahead of a possible contract dispute with workers this summer. According to a CBC News Report on May 27, Jon Hamilton, a spokesman for Canada Post stated, “while the corporation is not trying to be alarmist, it has decided to inform some key clients about the possible service disruption.” Continue reading
Telpay is pleased to announce the appointment of Marilyn Benninger as a new Director of the Board. Ms. Benninger is a Chartered Professional Accountant (CPA) providing strategic advisory services to leading software companies whose products serve the needs of small businesses, accountants, and bookkeepers. Previously, she held senior leadership roles at Telpay, MYOB and Sage.
Over 30 years ago, our founder W.H. Loewen envisioned a new way of making electronic payments. In 1985, Telpay was founded and went on to pioneer the first telephone bill payment service. At that time, a secure and well-managed trust account to handle our customers’ funds was established. Today, we process billions of dollars a year using this trust account.
Large sums of money flow through Telpay’s Trust Account on an annual basis. Much of the money is received and disbursed the same day. However, some funds are held in our Trust Account for short periods. Our accounting personnel ensure that all accounts are reconciled daily. Our independent auditors are asked to check our procedures at minimum three times a year, in addition to an annual audit. The auditors report directly to the Board of Directors who are ultimately responsible for the operation of the Trust Account.
We manage the affairs of the Trust operation in a very careful and conservative manner. At no time is the balance of funds on hand ever allowed to fall below the liabilities. In addition, Telpay retains all trust funds in Canada Deposit Insurance Corporation insured institutions.
To safeguard personal information, Telpay is governed by the Personal Information Protection and Electronic Documents Act (PIPEDA), a Federal Act safeguarding the personal information of individuals. Telpay staff members are regularly reminded of their responsibilities in this regard. Our systems use the latest technologies to ensure that the information we retain in order to provide our services is fully protected from abuse or loss.
Just a handful of reasons why you can trust Telpay and the Telpay Trust Account. For more, see our latest Telpay Trust Report.
We all get advice, especially from our mothers, right! Flashback to your childhood, when you used to hear your mother telling you to, “make sure you eat all your vegetables, brush your teeth and wear your mitts, because it’s cold outside.” It was good advice then and still good advice today.
Throughout life, you can always count on mothers to love, support and give advice…solicited or not…on everything from relationships, careers and even what not to wear. Do you have a mom in your corner loaded with good advice? If yes, we want to hear the best advice you got from your momma. Share it with us to win two $50 Visa Gift Cards, one for you and one for your wise mother.
So tell us some advice you got from your momma at telpay.ca/mom and enter for a chance to win with Telpay.
Are you feeling the stress of another tiring, tough and downright taxing season? Tax season doesn’t have to be stressful and overwhelming. Here are five strategies to help you manage:
Be positive: Your mental health and state of mind have a significant effect on your professional and personal life. It has been well documented that people with a positive attitude are more upbeat and peaceful. Even during tax time, you can choose to be positive amongst the chaos of the season.
We all hear talk about the good old days. What you could buy for a dollar back then is worth more than a Toonie now. Yes, prices have doubled (sometimes more than doubled!), but not Telpay fees. Let’s take a nostalgic look back to see the rising costs for individuals and businesses. Continue reading