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Monday, December 14, 2020

Bookkeeping Tips and Tricks

Make sure to code your receipts. It makes it much easier and faster when entering transactions if your bookkeeper knows exactly what the receipt was for.

#bookkeepingsolutions
#shoplocalstonyplain
#codeyourreceipts

Posted at 05:14 PM

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Monday, November 30, 2020

Bookkeeping Tips and Tricks

Keep your personal and business transactions separated for easier and faster tracking. This will help keep your bookkeeping costs down.

Posted at 04:56 PM

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Thursday, November 19, 2020

Bookkeeping Tips and Tricks:

Don't use your company bank or credit card to purchase personal items. Instead pay yourself by transferring money into your personal account or issue yourself a paycheque. Every personal purchase on your company's statements must be entered to reconcile and it is costing you money and time to enter them, it also opens up your personal accounts to the CRA in a business audit.

Posted at 05:10 PM

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Monday, November 2, 2020

Bookkeeping Tips and Tricks:

Make sure to keep ALL receipts! The CRA will not accept bank or credit card statements as proof of purchase. In case of an audit you will only be able to write off the receipts you have kept.

#bookkeepingsolutions
#shoplocalstonyplain
#keepyourreceipts

Posted at 10:51 AM

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Monday, October 26, 2020

Bookkeeping Tips and Tricks:

Details of Etransfers are not printed on Bank Statements so print out the Etransfer receipts every time you send or receive them.

#bookkeepingsolutions
#shoplocalstonyplain
#etransfers

Posted at 11:51 AM

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Thursday, September 17, 2020

Tip of the Week!

Ask for Bank and Credit Card Statements to be mailed to you.They are one of the most important tools bookkeepers use to keep your books up to date and accurate! In fact we can't do your books without them.

#bookkeepingsolutions
#shoplocalstonyplain
#bankstatements

Posted at 12:05 PM