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Your Accounting Department 

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TIP #7 - GST/HST Returns

Posted on 25 September, 2019 at 13:40

GST/HST Returns Q&A and Deadlines

Q: Do I need to file even if I didn't have any transactions or net tax to remit?

A: According to the CRA YOU DO!

Q: When do I have to file?

A: The filing deadline will be different depending on your GST/HST filing period. See filing deadlines for ...

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TIP #6 - Keeping Your Records

Posted on 24 September, 2019 at 0:10

Keeping records

Records are all your accounting and other financial information documents. These documents must be kept organized. While your Bookeeper looks after these documents being organized and you Accountant looks after filings, it is your responsibility as a business owner to ensure your Bookkeeper and Accountant have access to these documents, and all documents related to your business.

The type of information your records contain depen...

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TIP #5 - How to choose a [good] bookkeeper?

Posted on 17 September, 2019 at 10:45

Next 3 reasons why working with a professional bookkeeper is important!

Choosing a [good] bookkeeper should be like choosing any other expert - through research, credibility, trust and integrity. You need to make sure that your Bookkeeper is:

5. Goes the extra mile - All of our clients' books are always reconciled and matched down to the last penny - you will never find any discrepancies!

Do your books always match? We have seen hun...

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TIP #4 - How to choose a [good] bookkeeper?

Posted on 9 September, 2019 at 20:20

First top 4 reasons why working with a professional bookkeeper is important!

Choosing a [good] bookkeeper should be like choosing any other expert - through research, credibility, trust and integrity. You need to make sure that your Bookkeeper is:

1. Licensed - YAD Ontario is licensed by the IPBC.

There are many bookkeeping firms, and bookkeeping "specialists...

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TIP #3 - Choosing Affordable Bookkeeping Software - QBO

Posted on 26 August, 2019 at 14:10

Watch our video https://youtu.be/CyTwikoliPE" target="_blank">here!

This article is about our partnership with Intuit and QuickBooks, or QBO, to help you understand how you can save cost on your accounting software.

Right now, Intuit is offering 60% off their services for 3 months. Looking at their EasyStart package, you can pay $8 per month instead of $20. Or if looking at their Plus package, you can pay $20 per month, instead of $50 per month, for the ...

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Tip #2 - understanding the difference between Accounting vs. Bookkeeping

Posted on 26 August, 2019 at 13:50

Watch the full video below or on our YouTube Channel - YAD Ontario

First of all, Accounting versus Bookkeeping. Do you know whether you need one or the other, or whether you need both? The answer is ‘you definitely need both’!.

Now, let’s define the two:

  • Accounting - Typical Accountants, or CPA’s, examine financial information, present what they discover in a format that is useful to a business, and complete annual tax filing f...
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TIP #1 Savings & Benefits

Posted on 30 July, 2019 at 18:05

TIP #1 - As a business owner, you should always think about how you can cut cost and expenses, to make your business more profitable. So, you may want to consider hiring a third-party bookkeeping firm that will cost you less than a full-time or part-time bookkeeper, or if you do your bookkeeping yourself, will help you save time and concentrate on running your business instead of worrying whether you allocated your expenses to the right account, or remembered to send an invoice to your client...

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