The Bookkeeper's Blog ...
Blogs on Good Bookkeeping Practices

Hey You ... Welcome to The Bookkeeper's Blog! Join me as I blog on good bookkeeping practices for work from home bookkeepers and business owners who do their own books.

Here is where you have the opportunity to easily keep up-to-date on new or updated blog pages being posted to the Bookkeeping Essentials web site.

It is my sincere hope that you will learn good bookkeeping practices that help you manage your business finances easily and more efficiently.

To your success! … and, of course, thank you to the readers and viewers of my blog.

from Rainbow's End
"where heaven and earth sometimes touch"

Your tutor, Lake


This picture is from my day trip to Stuart Lake in 2009. Doesn't looking at this picture just make you want to exhale ... it's okay you're allowed.

Image of seaplane moored on Stuart Lake. Life is good here.
Photo courtesy of B. Gale

Sometimes we stare so long at a door that is closing
that we see too late the one that is open.


-- Alexander Graham Bell, Inventor --

Life was very good at Rainbow's End (my lake property) ... all sixteen years. I've moved and downsized now ... and am on to new adventures ... although I still miss living at the lake some days. Being creative about solving the problems life throws at you is a necessity. The way to reach your goal is not always a straight line.

Dec 05, 2016

Input Tax Credits and Business Use of Your Personal Vehicle

How to claim the input tax credits for business use of your personal vehicle. Both sole proprietors and corporations are discussed. How ITCs and CCA on your personal vehicle are tied together.

Continue reading "Input Tax Credits and Business Use of Your Personal Vehicle"

Dec 01, 2016

Charging Client HST on Expenses

I really hope you can help clarify something for me. I have a question regarding charging our clients HST on some expenses (or reimbursements). We own

Continue reading "Charging Client HST on Expenses"

Nov 28, 2016

IRS News For U.S. Work From Home Business Owners

IRS news and other information that would be of interest to U.S. business owners who do their own bookkeeping or work from home bookkeepers. News on 2016 COLA & FICA.

Continue reading "IRS News For U.S. Work From Home Business Owners"

Nov 28, 2016

Payroll Tax Deposits | 7 Steps To Meet Your Requirements

This chat discusses IRS payroll tax deposits ... and withholding requirements. To help you meet your compliance obligations, you'll also find current tax remitting and filing due dates too!

Continue reading "Payroll Tax Deposits | 7 Steps To Meet Your Requirements"

Nov 28, 2016

IRS Interest Rates | Small Business

IRS interest rates for corporate loans to shareholders, installment sales, under and over payment of taxes

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Nov 28, 2016

Tax Compliance in Canada | Small Business Due Dates

Canadian tax compliance due dates updated monthly. Also notes and references for 2016/2017 tax season deadlines, GST/HST, payroll source deductions, T4 and T4A information returns, WCB.

Continue reading "Tax Compliance in Canada | Small Business Due Dates"

Nov 26, 2016

Organized Recordkeeping Systems For Home Based Offices

A series of chats about recordkeeping systems to get and stay organized so you can get rid of those drawers of stashed receipts? Simple choices and guidelines to eliminate stress and panic.

Continue reading "Organized Recordkeeping Systems For Home Based Offices"

Nov 23, 2016

Recording Client List Purchase

Hi, When I started my business, I paid my former employer $2,500 for her client list. How do I record this? Hi Laila, John Day, MBA has a great

Continue reading "Recording Client List Purchase"

Nov 01, 2016

CRA News for Home Based Business Owners

CRA news to help Canadian business owners doing their own bookkeeping keep abreast of relevant changes and announcements. You can stop worrying now whether you are up-to-date with government updates!

Continue reading "CRA News for Home Based Business Owners"

Nov 01, 2016

Current Payroll Tax Rates | Canadian Bookkeeping

2017 CPP rates released in November 1, 2016. 2017 EI rates released Sep. 14, 2016. Find current Canadian payroll tax rates and tips ... so you can meet your payroll compliance obligations.

Continue reading "Current Payroll Tax Rates | Canadian Bookkeeping"

Oct 07, 2016

Company Cheque Personal Expense

We purchased an ATV and my husband wrote it on the company account but it should have been a personal cheque. How can I fix this? If this is an

Continue reading "Company Cheque Personal Expense"

Sep 23, 2016

Place of Supply Rules For GST & HST

Effective May 1, 2010, the place of supply rules for IPP and services changes. They are now based on customer location. Deals with online sales, out-of-province sales, non-resident sales.

Continue reading "Place of Supply Rules For GST & HST"

Sep 17, 2016

Basic Accounting Concepts and Principles - GAAP and ASPE

Explaining the basic accounting concepts and framework around which Canadian GAAP and ASPE was developed. ASPE became effective January 1, 2011 in Canada. An overview of what changed.

Continue reading "Basic Accounting Concepts and Principles - GAAP and ASPE"

Sep 17, 2016

U.S. Self Employment Income - Self Employment Tax

Self employment income is subject to U.S. self employment tax. You'll find information on estimated taxes, standard mileage rates and U.S. rules for business use of your car ... updated to 2016.

Continue reading "U.S. Self Employment Income - Self Employment Tax"

Sep 17, 2016

Clearing Account Question

I have a client that his financial records for his business and his personal are kept in 2 different QuickBooks (QBs) files. He just changed to a bad practice:

Continue reading "Clearing Account Question"

Sep 14, 2016

Minimum Wage Rates in Canada by Province

Canadian minimum wage rates and links to provincial and territorial employment standards; hours of work compliance; unclaimed/uncashed pay chequess

Continue reading "Minimum Wage Rates in Canada by Province"

Sep 14, 2016

Do You Need To Download Your Paperless Statements?

There is nothing worse than being in the middle of an audit with the CRA or IRS and not having your paperless statements or bills you need because you didn't download the information!

Continue reading "Do You Need To Download Your Paperless Statements?"

Sep 14, 2016

Can You Shred Scanned Receipts?

Learn CRA's and IRS's policies about accepting scanned receipts in place of original source documents ... they are different!

Continue reading "Can You Shred Scanned Receipts?"

Sep 14, 2016

How To Send Sensitive Information Online

Sending sensitive information in an email is NOT a good idea. Explore your options on how to best transmit financial documents online and prevent identity theft.

Continue reading "How To Send Sensitive Information Online"

Sep 14, 2016

Office Document Imaging eBook - How To Go Paperless

Office document imaging lets you organize your paperless documents. The Paperless Document Organization eGuide leads you easily and systematically through the process of how to go paperless.

Continue reading "Office Document Imaging eBook - How To Go Paperless"

Sep 01, 2016

EI Reduction Program - Did you know this existed????

As an accountant that now specializes in payroll, I had not known about this program until I started learning more about payroll. I now tell clients and

Continue reading "EI Reduction Program - Did you know this existed????"

Aug 28, 2016

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.

Continue reading "Learning QuickBooks® - How to Use QuickBooks®"

Aug 02, 2016

Year-End Question

If my year end is Sept 30th, then my question is this -- Does Sept 30th 2016 represent my YEAR-END for 2015??? I am always so confused by this - as the

Continue reading "Year-End Question"

Jul 31, 2016

Difficult Client

I've been working, or attempting to work, with a new client for approximately 2 months now. It is a small service based business with 6 employees. I have

Continue reading "Difficult Client"

Jul 31, 2016

Basic Cash Management | Quick Accounting Training

Cash management is a barometer of your business’ health. As long as you have cash flowing in and out of your business, you can keep the doors open for business, even if you are not profitable.

Continue reading "Basic Cash Management | Quick Accounting Training "

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