✔ How To Record Online Business Income in QuickBooks.
✔ Standby charges and your T4.
✔ How to track construction holdbacks in QuickBooks.
✔ When should you incorporate in Canada?
✔ A series of payroll sidebar chats including with How to Proof CPP and EI Tax Rates and How to Pay Employees With Cash.
✔ Owner manager remuneration for incorporated businesses.
✔ How to reconcile vendor statements.
✔ Amending a tax return to avoid penalties.
✔ Is it amortization or depreciation?
✔ Things to consider when gathering home office expense information.
✔ How to determine if a transaction should be expensed or capitalized?
✔ Do you need GAAP prepared financial statements?
✔ Basic entity concept, materiality, and consistency - three accounting principles.
✔ The risk of not having business insurance for your personal vehicle.
You will find basic bookkeeping tips, good bookkeeping practices and other useful information throughout this site on managing the accounting side of your business. Time sensitive data is updated regularly and along with the addition of new pages so I hope you visit often.
Watch throughout the site for these four features:
As the Bookkeeping Essentials site has grown (it is 70 plus web pages now), it has become trickier to see The Big Picture and to find what you are looking for, so ...
... did you read something on this site and now can't remember where to find it? I've talked and chatted about debits and credits, financial statements and bookkeeping help. Even I have trouble finding what I'm looking for! :o)
This SiteSearch is at your disposal to solve your dilemma. The way I see it ... you have three options ...
As you might have noticed, some of my pages on Bookkeeping Essentials are long ... so when you click in from a search engine executive summary ... it's hard to find the relevant line / topic that the search engines highlighted.
What I do once I have clicked to go to the page ... is to go to Edit>Find and type in a unique word or phrase that showed up on the search engine summary ... this saves me paging through trying to find the spot I need ... or near the top of some pages I have Quick Links that should take you to a general topic area.
No matter which option you choose, I sure hope you find what you are looking for ... if not, please drop me a note and I'll work at making it available on this site. I want you to know that Bookkeeping Essentials is committed to supporting work from home bookkeepers and tutoring business owners who do their own bookkeeping.
This website is "built" in three layers.
While are 700 plus pages on the site, I've tried to never go more than three layers deep.
Here is a brief overview of the basic bookkeeping procedures and/or issues (third layer) for each departmental section (second layer) ...
... useful for finding your way around Bookkeeping Essentials.
The Travel/Auto Rates Options - US and Canada explains the rules and your options.
The Bookkeeping Entries Link Index to all the journal entry examples on this site.
The Bookkeeping of Aggregate Purchases explains how to determine when to expense and when to capitalize low cost capital assets.
The Current News is an index to the five news area tracked on this site to help keep you current. It's especially useful when doing backwork.
The Filing Systems - Your Options helps you match your filing system to your organizational style.
The Self Employed Rates - US and Canada explains a best business practice and the best way to pay yourself; CPP rates and FICA rates for the self employed.
The T4A vs 1099MISC takes a look at the frequently audited area of hiring independent contractors.
The Employee Payroll Rates - US and Canada provides current year SST and CPP/EI rates.
The Rates Index has links to all the various Canadian and US rates on the site.
The Casual Labor Rules explains how to pay and record casual labor.
Month-End Procedure eManual, available for sale, explains what to do once you have entered all your data and before your print your internal financial statements.
Bookkeeping Checklists eBook, available for sale, lists what to do and when.
The Freelance Bookkeeper gives you access to a virtual bookkeeper's online training program to help you get a profitable home-based virtual bookkeeping business up and running in 30 days.
The Paperless Guides are a series of eBooks authored by Vancouver consultant Brooks Duncan to help you move from a paper based home office to a paperless home office. He helps you through the maze of converting paper documents to electronic files and the management of files in an e-format.
The Bookkeeping Basics gives you access to bookkeeping courses to help you learn basic bookkeeping. You will learn bookkeeping for a sole proprietor, a partnership and a corporation.
The Website Tools introduces you to the affordable service and friendly software package I use to build and maintain this site.
The Store focuses on products or services that may be of use to bookkeepers and work from home business owners. It features basic bookkeeping training and tools.
The Good Bookkeeping Practices focuses on discussions of the regular, routine bookkeeping chores.
The Financial Reports Training focuses on learning all about your financial statement reporting (which is different than income tax return reporting).
The Accounting System Setup focuses on bookkeeping system options, procedures, and software.
The Road Map focuses on financial planning, business plans and budgets.
The Cheat Sheet unscrambles the confusion over debits and credits
My Top 5 Tips focuses on basic accounting and bookkeeping tips. They are split into five different categories.
The T2125 Series walks you through your tax planning opportunities and bookkeeping knowledge you need to know.
The CRA Compliance focuses on basic bookkeeping and tax compliance as well as useful tax rates. It has links to payroll information too.
The GST/HST Guide focuses on Canadian sales tax. It includes a question and answer section.
The Tax Articles Index provides executive summaries on Canadian bookkeeping basics articles for the sole proprietor including income tax return reporting (which is different than financial statement reporting) ... and CCPCs, compliance reporting and sales tax.
The Payroll Taxes focuses on Canadian payroll taxes like CPP, EI, and other topics relating to payroll such as employment tax forms such as T4 and T4A slips.
The CRA News focuses on CRA news for the Canadian small business owner.
Sales Tax Rates By Province a handy reference
PST Basics in BC Overview
CRA Hiring Credit For Small Business a reference for backwork between 2011 to 2013
The IRS Compliance focuses on U.S. small business tax information ... particularly tax compliance due dates and interest rates and a link to self-employment taxes.
The Self-Employed focuses on self employment income and tax on your earnings.
The Payroll Taxes focuses on U.S. payroll taxes like FICA, FUTA, Form 940 and 941 and other topics relating to payroll such as employment tax forms such as W2, W3 and W4.
The IRS News focuses on the latest IRS news relevant to U.S. small business owners.
The MonthEnd Preparation are tasks that should be done before the end of month.
The Online Courses provides information on where to find online training.
The Blog Want to keep up-to-date on additions and changes to this site? Consider subscribing to the blog RSS feed ... or bookmark your favorite page using the "Share This Page" tools found at the bottom of each page including this Bookkeeping Essentials SiteSearch page.
The Free Ezine is a free bi-monthly newsletter. Subscriber's receive a free eBook and The Insider's Pass.
The Forum focuses on site visitor participation. Here's an opportunity to share your stories and your expertise ... or get help.
Contact Me has a contact form and also includes information about me ... your tutor. ;0)
Hire Me explains who my preferred client is and how to hire me.
Ways To Support This Site focuses on the different ways you can support Bookkeeping Essentials ... because this website is not free to operate ... in terms of money or time.
Testimonials is where you have a chance to let me and others know how this site has helped you.
Here are Bookkeeping Essentials SiteSearch links in alphabetical order to each third level page.
Executive summaries for these pages can be found by clicking the appropriate navigation button on the left hand side. Bookkeeping Forum pages are excluded from this listing. However you can find all the forum questions and answers by topic here.
The Practice - Small Business Bookkeeping
The Financials - Financial Statement Reporting and Bookkeeping Training
The System - Developing Your Accounting System
The Taxes - Canada - CRA Compliance
The Tax - IRS Compliance - U.S.
The Tax - Income Tax Reporting
The GST HST - Canadian Sales Taxes
The Plan - A Financial Plan is Essential
The Help - Get Bookkeeping Help or Do It Yourself?
The Forum - Your Bookkeeping Community
I hope this Bookkeeping Essentials SiteSearch page assists you in finding what you were looking for.
Use the search feature to quickly find the
information you're looking for.
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