Bookkeeping 101 For Business

• Difference between an accounting firm and a bookkeeper and how both are essential • How to set up your records and filing systems • Sole-proprietor and incorporation-why incorporate • HST-annual, quarterly or monthly remittance periods and best practices • Banking and credit cards for business • Allowable expenses-what can be a ‘write-off’ • Vehicle expenses-how to track and the different tracking for corporations and sole-proprietors • Payroll – best practices • Accounting software-which is best for your business and why • App Solutions – how to embrace the latest technology to eliminate the shoe-box of receipts • Reports – Income Statement or Profit & Loss, Balance Sheet and more • Q and A period