Dec 5, 2019
Bookkeeping 101: What You Need To Know to Run Your Business
By Lynn Marsh of HealthyBOOKS
This seminar is designed to advise business owners about how to set-up accurate record-keeping systems and establish efficient work-flows to augment their business’s bookkeeping and accounting needs. Information covered may include topics such as:
- Difference between an accounting firm and a bookkeeper and how both are essential
- Accounting software – which is best for your business and why. QuickBooks, QuickBooks Online, Sage50 and Sage Cloud
- App Solutions – how to embrace the latest technology to eliminate the shoe-box of receipts
- Differences between sole-proprietor and incorporation, and why incorporate
- Payroll – all the details and best practices
- HST – annual, quarterly or monthly remittance periods and best practices
- WSIB – overview and things to watch for
- Banking and credit cards for business – best practices
- How to set up your records and filing systems
- Allowable expenses – what can be a ‘write-off’
- Reports – Income Statement or Profit & Loss, Balance Sheet and more
- Government remittances and filing obligations
- Vehicle expenses – how to track and the different tracking for corporations and sole-proprietors
