Bookkeeping 101: What You Need To Know to Run Your Business

By Lynn Marsh of HealthyBOOKS

This seminar is designed to advise business owners about how to set-up accurate record-keeping systems and establish efficient work-flows to augment their business's bookkeeping and accounting needs. Information covered may include topics such as:

• Difference between an accounting firm and a bookkeeper and how both are essential
• Accounting software - which is best for your business and why. QuickBooks, QuickBooks Online, Sage50 and Sage Cloud
• App Solutions - how to embrace the latest technology to eliminate the shoe-box of receipts
• Differences between sole-proprietor and incorporation, and why incorporate
• Payroll - all the details and best practices
• HST - annual, quarterly or monthly remittance periods and best practices
• WSIB - overview and things to watch for
• Banking and credit cards for business - best practices
• How to set up your records and filing systems
• Allowable expenses - what can be a 'write-off'
• Reports - Income Statement or Profit & Loss, Balance Sheet and more
• Government remittances and filing obligations
• Vehicle expenses - how to track and the different tracking for corporations and sole-proprietors