The Bookkeep Blog
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
If a QuickBooks Online balance sheet shows an "Undeposited Funds" account w...
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
These two documents get used loosely and sometimes interchangeably in every...
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
If your books are behind — three months, a year, longer — this is exactly h...
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
If the books have been put off for weeks, or months, and opening the accounti...
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
Opening QuickBooks Online to a long list of transactions sitting under "Ask M...
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
Walking into year-end with clean, organized books changes what an accountan...
A side project that starts making money raises a real question: is this a business now, with all the reporting obligations that come with it, or is it still just a hobby that happens to bring in a ...
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
Input tax credits are how a GST/HST registered business avoids simply absor...
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
Every business with a payroll account has a remitter type, and that type — ...
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
A business can be profitable on paper and still run out of money in the ban...
Retained earnings shows up on every corporation's balance sheet, and it's one of the more commonly misunderstood numbers there. Retained earnings is an equity account, not a bank account — it isn't...
Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.
Many newly self-employed Canadians are surprised to learn that CPP and EI a...