Discover...The Essentials of Bookkeeping
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I love hearing from you! This is a wonderful site and great information! |
Allow me to be your private tutor to the world of small business accounting. D i s c o v e r ...
... the tools of the trade you need to absolutely take control of your small business accounting in an informal, easy to understand way. ;-) Tools that make it easier than ever to be successful at the financial management of your business.
Because the GOAL is to have a life outside your business ... not to be in business to work every day ... but to build business value. Isn't that what you really had in mind when you started on this path of entrepreneurship?
Discover ... The Essentials Of Bookkeeping
Because Knowledge is Freedom
And Freedom is the Goal, Right?
YOU were the inspiration for this website and I don't want to be impolite so ...
Let me introduce myself, eh (I'm Canadian) :o)
Hi. I'm Laura and I'm pleased to meet you. I'm also known as Lake Girl (Lake for short) as I live year round on lakefront property in British Columbia, Canada. That's my winter view above - well my neighbour's actually.
I work from home as a bookkeeper because I love the flexibility the work style gives me. On a beautiful summer day I can just take my dog and together we jump in the kayak and we're off. Yes, my dog kayaks with me and loves it! But I digress.
If you're like many self-employed, work from home business owners, one of your biggest challenges is keeping on top of your bookkeeping and business finances.
Whether your GOAL is to get your business finances in order, streamline your system for efficient money management, or reduce your taxes; it can be difficult to figure out what to do to get organized on a daily basis.
And even if you DO get your daily and weekly record keeping flowing efficiently, it still may not be an audit proof system.
Do you KNOW how to setup your record keeping system? If organized properly, you will increase the likelihood of a smooth flowing audit ... because the self-employed, unincorporated, work from home business (you've probably heard it referred to as a sole proprietor) has a greater probability of facing a tax audit than any other group of taxpayers, at least that's how it is in Canada.
If you receive a notice saying you are to be audited, what should you do then? Why not be proactive? How about doing some tax planning in advance rather than learn a costly lesson after the fact?
Let's be honest, your best laid plans to organize your books always fall to the wayside because something more pressing or more enjoyable comes along.
You need a simple, efficient bookkeeping system and management reporting package that is easy to understand, allows you to do the basic tax planning yet still help you feel confident in your business decisions.
Wouldn't it be great to be as adept with the financial management of your small business as any CEO in a major corporation, so you can ...
Learn How To - Read financial statements. |
... systematically look over your business finances with an eye to increasing your profits? Plus know how to get all the tax deductions you are entitled to?
You are obligated by law to pay only your fair share of tax, so why pay more?
Would having the opportunity to put more cash in your pocket legally make record keeping more enjoyable for you?
No one will take better care of your finances than YOU. Isn't it time to take control? Even if you have a bookkeeper and accountant, you still need to take time to understand and manage your business' finances.
Discover ... The Essentials of Bookkeeping
Because Knowledge is Understanding
This website is all about bookkeeping - just the essentials for YOU to manage your business efficiently.
Think of this site as the Small Business Accounting Guide for YOU and YOUR bookkeeper.
Are you ready to experience the satisfaction and confidence that comes from knowing you are "doing it right"? You'll discover ...
- An understanding of essential practices and necessary tools
- How to audit proof your bookkeeping procedures
- Bookkeeping tips, bookkeeping checklists and month-end procedures
- Common book keeping entries so you avoid beginner mistakes
- Canadian Bookkeeper's Reference Pages for tax filing deadlines and due dates and tax rates ... and HST transitioning
- Recommended bookkeeping training, reading materials
- Popular small business accounting software
My hope is that this site will provide simple, useful, basic information for YOU and your friends.
New pages will be added on a regular basis ... so use the tools at the bottom of the page, or bookmark it, or sign up for the RSS feed updates ... and come back often!
... please don't hesitate to contact me through my Meet your tutor Lake page. This website will adjust to your needs and grow over time. This website is for you. Let me know ...
What YOU want it to be ...
How I can help YOU succeed ...
What YOU want to learn ...
What questions YOU want answered ...
P.S. How do I offer all this information to you for free?
I earn income from:
- visitors to my site clicking ads;
- local home based business owners hiring my bookkeeping services;
- answering bookkeeping questions from this site;
- donations to support the ongoing development of this site;
- paid insertions; and
- affiliate revenue from some products (not all) recommended or sold on this site.
SBI! shows you how to design, build, market and monetize your site one step at a time. It is like getting a Master's Degree in how to start and run a profitable online business.
With limited computer skills, I use their tools and step-by-step Action Guide ... instructing me every step of the way. It is like a 'paint-by-numbers' Internet success kit. If you want the freedom to work for yourself, then find out more by clicking on the 'Powered By SiteBuildIt!' button found at the bottom of every page on this website ...
... or click on the picture below that suits your particular situation whether you are a mom who wants to stay home with the kids, a student who would like to earn some money, or are ready for retirement but need some supplemental income. You'll be glad you did. :o)
Just so you know, as an affiliate of SBI!, I earn income if you purchase a subscription through my site. Please know that I would not recommend their product and service unless I was completely satisfied ... which I am. SBI! has over delivered on everything. They add new features on an ongoing basis.
... So if you enjoyed this site or think this site would be helpful to your bookkeeping clients or friends who do their own bookkeeping ... please let them know. The more visitors to this site, the more free information I will be able to provide ... and thank you for visiting today!
P.P.S. Need a short break? Pull up a chair, relax, refill your teacup and peek ... at some the pages I've done so far.
Small Business Accounting Guide
Table of Contents
| The Bookkeeping Forum ... The Bookkeeper's Meeting Place This is where the site is opened up to readers to contribute and participate. Help and be helped on the bookkeeping forum ... for owners and bookkeepers of small business. |
| Ask a Bookkeeping Question - Canadian Bookkeeping Questions A Canadian bookkeeper answers your bookkeeping questions. If you are a work from home business owner doing your own books, you will often have a bookkeeping question. Questions and answers are here. |
| The Bookkeeper's Blog ... Blogs on Good Bookkeeping Practices Hey You ... Welcome to The Bookkeeper's Blog! ... blogs designed for the home based business owner who does their own books ... easily keep up-to-date with the Bookkeeping-Essentials.com web site. |
| Donate to Bookkeeping Essentials - Support This Site There are a number of ways to donate to Bookkeeping Essentials and help support the continued development of this website. All donations and site participation are greatly appreciated. |
| Shop From Home At The Bookkeeping Shoppe Take an olde fashioned tea break while you shop from home ... browse through The Bookkeeping Shoppe from the comfort of your home office. |
| Small Business Accounting - Good Record Keeping Habits Small business accounting is accomplished by practicing good record keeping habits consistently. How to get organized and stay organized. Transactions to watch for that are not expensed. |
| Learning QuickBooks® - How to Use QuickBooks® For the work from home business owner who does their own bookkeeping, learning QuickBooks® tips to avoid beginner mistakes makes your life a whole lot easier! Ask your beginner QuickBooks® question. |
| What About Internal Controls? Small Business Accounting Decisions Internal controls help protect you and your business against the possibility of fraud. They also reduce the likelihood of a bad tax audit. Here are some simple internal controls to implement. |
| Online Accounting Training and Free Bookkeeping Training Accounting training for the self-employed, home based business owner. Bookkeeping essentials to help you understand and get comfortable with the numbers side of your business. Non-accountants only! |
| Reading Financial Statements - A Tool for the Home Based Business Owner An introduction to learning how to read your financial statements and evaluate the information to uncover your business's financial health, problems, and potential outlook. |
| Developing Your Accounting System Your accounting system is more than just the physical bookkeeping ledger or accounting software program you use. It is the gateway to ... |
| Bookkeeping and Accounting Systems - Small Business Bookkeeping Systems Small business accounting systems are numerous nowadays. How do you choose the one that is right for your business? Perhaps you want to know how to record GST/HST using a manual system. |
| A Financial Plan is Essential for the Small Home Based Business Every business needs a financial plan. Without a plan, how do you know where you are going … and when you get there? Strategic management of your business will keep you focused on your vision and goal |
| Canadian Bookkeeping Resources ... Tax Information For Bookkeepers in Canada Practical, helpful Canadian bookkeeping resources for work from home business owners. Bookkeeper due dates, CRA tax rates, GST/HST Guide, home business tax deductions, audits ... at your fingertips. |
| The Canadian Bookkeeper's Handy Reference Page The Bookkeeper's Reference Page is for the hard working, self-employed business owner. Find September 2010 Canadian tax deadlines, the latest from CRA, offers from third parties like Intuit for ... |
| Business Vehicle Expenses - Claim Your Tax Deduction on Form T2125 Let's chat about how to claim business vehicle expenses on your personal income tax return. They are claimed on Form T2125 Statement of Business or Professional Activities. |
| Tax Compliance in Canada - The Bookkeeper's Handy Reference Important Canadian tax compliance notes, references and links for 2010/2011 tax season deadlines, GST/HST, payroll source deductions, T4 and T4A information returns, WCB. |
| Understanding Tax Audits in Canada Reduce your fear of tax audits by understanding the process. It is your responsibility to have knowledge of and apply the tax laws correctly, whether your return was prepared by a professional or not. |
| GST HST in Canada - Canadian Sales Tax Guide The Bookkeeper's Reference Pages for information on GST HST in Canada ... all in one place for your convenience. You'll find commonly asked GST/HST questions, new place of supply rules, and ... |
| GST Registration - A Guide to GST HST Registration in Canada Should you consider Canadian HST GST Registration? Who must register with CRA ... How GST works, optional goods & services tax reporting methods, transitional rules ... How to register for GST/HST ... |
| U.S. Small Business Tax Information The Bookkeeper's Handy Reference page for U.S. small business tax information. Updated to September, 2010 |
| Bookkeeping Essentials SiteSearch Bookkeeping essentials, basic tips and good bookkeeping practices for the work from home business owner. Search for those tips and practices here. |
| Small Business Bookkeeping Tips - Basic Canadian Bookkeeping Tips Over 30 basic home business accounting tips and bookkeeping tips along with information on managing your accounting system. Bookkeeping Essentials is a free resource for your book keeping questions. |
| Bookkeeping Help or Do-It-Yourself Bookkeeping? Do you do-it-yourself or hire bookkeeping help to maintain the books? How do you decide? |
| Meet Your Tutor Lake As your tutor, let me introduce myself, eh. (I'm Canadian.) :0) |
| Terms of Use for Bookkeeping-Essentials.com Terms of Use - Legal Disclaimer - Privacy Statement - Advertising Links - Compensation Disclosure for Bookkeeping-Essentials.com ... Please read the terms carefully. |
