Bookkeeping For Canadians For Dummies by Lita Epstein


Bookkeeping For Canadians For Dummies
Title : Bookkeeping For Canadians For Dummies
Author :
Rating :
ISBN : 047073762X
ISBN-10 : 9780470737620
Format Type : Paperback
Number of Pages : 360
Publication : First published January 1, 2009

Bookkeeping For Canadians For Dummies includes information on keeping track of transactions, figuring out balance sheets, and keeping ledgers or journals. It covers how to create financial statements and also shows how to operate accounts for businesses. Small business owners and employees will find that

Bookkeeping For Canadians For Dummies Reviews

  • Ben Kellermann

    Manage your own finances to save money and grow your business!


    If you're a small business owner who manages your own finances, Bookkeeping For Canadians For Dummies is for you. This friendly guide covers all the basics of bookkeeping in Canada – from recording transactions to producing balance sheets and year-end reports. With detailed information on how to manage your company's payroll and collect and remit taxes, this book offers the easy way to keep track of your business's financial well-being.




    Get started with the basics – understand the accounting cycle, figure out double-entry bookkeeping, and learn how to differentiate debits and credits




    Set up and use journals – keep track of incoming and outgoing cash, post journal information in the General Ledger, and simplify everything with computer software




    Protect your business – put controls on your company's cash, create a paper or electronic filing system, and safeguard your business from financial fraud




    Keep track of inventory – stay on top of your business's purchases, determine which cost formula works for you, and pay your bills accurately and on time




    Manage employee payroll – collect EI, CPP/QPP, and federal and provincial income taxes, explore benefit options, and factor in commissions and gratuities




    Prepare the books for year-end – investigate how to verify your business's cash, depreciate assets, and adjust the books




    Open the book and find:




    How to keep track of transactions




    The top software packages and how to make them work for you




    What records to keep and for how long




    Whether or not to offer credit and how to record it




    How to record sales, returns, and allowances




    What you can and can't depreciate




    How to calculate interest and handle interest income and expenses




    Everything you need to know about collecting GST/HST




    **