Ask a Bookkeeping Question

Answering Book keeping Questions

image of the webmaster of Bookkeeping-Essentials.com and bookkeeper of Lakeshore Bookkeeping Services

Do you have a bookkeeping question? I can help answer your book keeping questions.

Visitor Feedback



Thank you for your comprehensive reply to my question. I really appreciate the time you took to explain it to me.

Connie, Canada




This is an absolutely awesome site! I am not lying. I went to Chapters to try to find something just like this and they did not have what I was looking for - which your site does ... which is good definitions and explanations. I am going to book mark this page if that's okay. ... Great job and thank you. I will definitely use this resource.

PK Lethbridge, Alberta




Lake, Have you put together an information source for Year End Accounting Procedures? Your Month End Procedures are a god send. I look forward to seeing what you put out.

K.D. Richmond, B.C.




My biggest problem in doing my books is keeping debits & credits straight in liability and equity accounts. I really liked the cheat sheet. (I think that will help me keep the debits and credits straight.)

Lisa, Williston, USA




Lake you're awesome in every way. I have had some insight about how to properly classify some accounts.

Karim, Calgary, Alberta




I love your website. Just love it.

Carolann
CPB Bookkeeping, Inc.
"The Organizer"
Lake Worth, FL




Thank you for the tips you provide on this site.

Vancouver, British Columbia




Your site is great by the way. I just came across it.

Trish, Canada




It (your site) is very helpful and thank you for your tips and advice. I am so glad I found your site.

Lee, Calgary, Alberta




This website has been very helpful. It's been too many years since school and I'm a bit rusty.

Sue, Medicine Hat, Alberta




Thank you for providing valuable information regarding home business taxes on this website.

U.C., Toronto, Canada

Small Business owners who work from their home, and who are doing their own books, will run into situations where they have a book keeping question that needs answering.

I offer three choices.


Choice One - CHECK OUT THESE QUESTION AND ANSWER PAGES

I have four different question and answer pages. You might want to review them to see if your question is listed there.

Bookkeeping Questions and Answers

Canadian Home Business Taxes Questions and Answers

Learning How to Use QuickBooks Questions and Answers

Review and Rate Bookkeeping Answers



Choice Two - ASK A FREE BOOKKEEPING QUESTION

If you want to ask a general bookkeeping question for FREE, use the contact form at the bottom of this page where site visitors can respond to your question.

Don't be shy. Chances are if you are asking the question, so are others ... or they've already encountered a similar situation and know the answer already. This creates a WIN WIN for everyone. Help and be helped. Just remember, there are no stupid questions.

I will try to answer as many questions as time permits ... but please be aware that during my busy periods ... I may not have enough hours in a day to respond ... sooooo hopefully other site visitors will respond. :0)

Go to the Ask A Free Bookkeeping Question form now

OR

Go To Learning How to Use QuickBooks
Strictly For Beginner Questions
form now




... OR use one of the contact forms located throughout the site where I will respond personally to you ... no time guarantee though.

While I will answer your question, the response will provide information ... not advice and may not be tailored specifically to your individual situation.

As of March 3, 2010 ... any questions asked through the contact forms may be published on one of the forums. (The publishing permission request on the contact form refers to comments.) If this is not acceptable, consider asking your private question using choice three below.

It is important you understand that no client relationship can be implied from this website. I am giving only information NOT advice. The information provided is no substitute for specific advice by a bookkeeper, tax preparer, accountant or other professional.

If you are not from Canada, please keep your question of a general bookkeeping nature.

Why do I say a general bookkeeping question? That's because if you ask me a question that is not related to Canadian practice, such as anything about S Corps, FICA, FITW, FUTA, BAS, PAYG ... just to name a few ... I won't be able to help. While I know what they are, I am not qualified to assist in these areas.


Choice Three - ASK A SPECIFIC CANADIAN BOOKKEEPING QUESTION

Sometimes, you may want to ask a private question. For a small fee, I will email you a private response within two business days. The response will be tailored to your specific question. Think of me as your own virtual bookkeeper available on call.

If I can't answer your question, you will receive a full refund. If you are not satisfied with the answer to your question, you will receive a full refund.


Here's what will happen when you click on the Buy Now Button.

You will be asked for your credit card information by PayPal. PayPal does not share your personal information ... so it is safe. I will not have access to your financial information, so your purchase is completely confidential.

Your transaction will be processed under Lakeshore Bookkeeping Services. After you complete your purchase, you will be sent to the Ask Your Question page. Just fill out the form.

To get started, use the drop down box to select how many questions you are purchasing ... 1 question ... 2 questions ... or 3 questions.


What you are purchasing ...




P.S. You must have cookies turned on for the PayPal button to work ... I discovered this the hard way. If your cookies are not turned on, you will get a "Sorry" page instead.

P.P.S. If you submit more questions than you purchased, I will respond to the questions in order ... up to the purchased amount.



Option Two continued ...

Do You Have A Question For This Bookkeeping Community?

Well then, this is your lucky day. Choice One above has links to some of the more common Q&A I've posted ... but maybe you didn't find your question there. If that's the case, post your bookkeeping question here so other site visitors can help and be helped. If other site visitors don't answer your question, I will weigh in.

Contributions to this site are moderated. They may be edited for grammar, spelling, and presentation. Your contribution will appear below once it has been approved.

Enter: Free Bookkeeping Question (Then Give Your Question a 3 ... or 4 Word Title)

TIP - It Should Give The Reader A Hint of the Subject.


Free Bookkeeping Questions & Answers

Visitors Mini Discussions In Progress

Click below to see the questions and answers that have been contributed already. Enter the discussions. There is usually more than one right answer to a question ... so tell us what you think!

You can help make Ask A Bookkeeping Question better by adding your comments to one or more contributions.

Customer Deposits  Hi,

We run a small B&B.

If I receive a payment in 2009 for a 2010 booking - do I report the payment as income in 2009 or 2010?

After all the ...

Management Fee Bonus  
Management Fee Bonus accrued in 2008, paid in 2009. Is a T-slip required?

Hi,

I'm fairly new at bookkeeping for corporations and deal mainly ...

Asset Purchase With Trade-In  I am currently studying to take my Certified Professional Bookkeeping exam (March 2010).

One of the study materials I am using is John Day's Real ...

Corporate Tax Expense  The Question(s):

Perhaps a silly question - but how do I enter the corporate tax expense?

Is it a business expense at all?

Which two accounts ...

Report a Materiality  Where is a materiality reported?

Hi Jill,

I'm going to give you a link on my site where I talk about the concept of materiality.

The Materiality ...

GST Exempt Services  First off, I'd like to thank you for all the wonderful information found on your website!

Here is my question:

I'm planning on starting my own fitness ...

From Shoebox To Quickbooks  Any tips on where to start ... I have a year's worth of receipts, cheques, and statements.

Where do you suggest I start?

Hi!

I'm going to give ...

Online Training  I am wondering what time (editor's note: I think this is supposed to read "kind") of online training is available for bookkeeping training?

I am new ...

Becoming a Bookkeeper  I am interested in becoming a bookkeeper and would like to know the best way to get training?

I would like to get my training online and would like ...

GST on Mileage  When charging mileage as a disbursement to a client I have to collect GST. I charge the current treasury board rate.

To calculate the GST to be charged ...

Vehicle Operating Leases  Hello!

Thank you for posting your bookkeeping tips. I have found your topics and solutions to be very helpful. I do have a question though and I know ...

Initial entry for car purchase  My wife started a small house-cleaning business in partership with our daughter. Annoyed at the hassles of trying to use our much-in-demand personal vehicle ...

Business Use of Home  Greetings,

I saw your online article and then dare to ask you a question. I hope that you will give me a few minutes to answer it.

I am an RN (registered ...

RSP Deduction   Hello,

I am thinking about buying an RSP this year.

How much should I buy to get back a refund on my income tax?

I usually do not have to pay ...


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