by Mom
(Canada)
Sales Receipt Requirements
Hi,
My son is just starting his very own small-business. (He is 13). I am setting him up to use QuickBooks in its most simple form (sole proprietorship) but one question comes to mind.
Since his business is small (very small indeed), he meets the requirements for not having to collect/submit HST (i.e. less that $30,000 in sales over 4 rolling quarters). However, I am at a loss to find out what are the minimum requirements for the information that needs to be included in Sales Receipts.
I have searched high and low and the only requirements I can find is for the business that does collect HST, which, for my son is overkill.
Any help would be immensely appreciated.
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