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.
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.
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.
Automate sending business payments online with an Ablii workflow. Seamlessly integrates with QBO. Multiple approvals available. $0.75 for each domestic transaction.
Can I claim meals with my wife as a business deduction? We talk about the business at some point during the meal.
Automate sending and receiving payments online with a Plooto workflow. Seamlessly integrates with QBO. Dual stage authorization. $25 per month monthly fees introduced effective August 31, 2019.
Editor: links updated 2019-08 Are cell phones fully deductible? My client is using 2 cell phone and I am not sure if they are both fully deductible.
Canadian tax compliance due dates updated monthly. Also notes and references for 2018/2019 tax season deadlines, GST/HST, payroll source deductions, T4 and T4A information returns, WCB.
Tips on how to optimize Chrome browser features for cloud accounting software like QBO (QuickBooks Online) and other cloud accounting related software. You need to know this stuff if you are using QBO!
Canadian minimum wage rates and links to provincial and territorial employment standards - good for backwork; hours of work compliance; unclaimed/uncashed pay cheques
Effective May 1, 2010, the place of supply rules for IPP and services changes. They are now based on customer location. New QST rules for non-residents went into effect in 2019. Learn about online sales, out-of-province sales, non-resident sales.
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 2019 COLA & FICA.
How to record some common bookkeeping entries that require special treatment with accounting journal entry examples ... for the work from home business owner who does their own bookkeeping.
Examples of and links to basic bookkeeping entries and accounting journal entries ... for the work from home business owner who does their own books.
This article on how to read your cash flow statement was first published in August 2011 in The Bookkeeper's Notes. I present it here as a handy reference.
How to book the inventory return of damaged goods and make them available for resale AS IS using the QuickBooks Online platform.
Compliance tax rates that would be of interest to Canadian small business owners and bookkeepers who work from home. Includes tax free automobile allowance rates.
Learn how to record Canada Border Services Agency amounts due -- CBSA duties and CBSA GST -- in QuickBooks Online.
How to handle a supplier refund in QuickBooks Online as well as a supplier credit. There is a link to a shortcut method that even handles sales tax simply and effectively!
Act carefully when dismissing an employee if you do not have a written employment contract. Learn how a written employment contract for every employee hired reduces your liability for damages.
CRA and IRS interest rates for corporate loans to shareholders, installment sales, under and over payment of taxes
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!
Practical, basic Canadian bookkeeping resources for work from home business owners. Three series - home business taxes, CCPC notes, tax audit information and tips.
The Bookkeeper's Series on Canadian payroll deductions; includes employee taxable benefits, gifts and awards, automobile benefits calculator; 2019 payroll rates & subcontracting payments
REVISED AND EXPANDED online freelance bookkeeping training. Learn to automate your accounting workflow. Now has quarterly live Q&A and tech update sessions. I am still getting invited to free cutting edge webinars 8 years later.
Information on employment tax forms for small business owners including new hire paperwork and yearend reconciliation tips.
Updated monthly. Canadian tax filing deadlines and due dates for GST/HST, PST, payroll source deductions, T4 and T4A information returns, WCB, business income tax returns.
Self employment income is subject to U.S. self employment tax ... updated to 2019. You'll find information on estimated taxes, standard mileage rates and U.S. rules for business use of your car.