Category: Bookkeeping

Best Practices for using Xero

We have lots of clients who do their own bookkeeping in Xero.  Here are our Best Practices for managing your own bookkeeping: Keep your personal transactions out of the business bank account.  If you need to spend on something personal transfer funds to your personal...
Starting a Business?

Starting a Business?

Wonderful – welcome to the excitement of owning your own business.If you’re still in the early stages of starting a business here are some things you might want to do early: Incorporate a Company There are several advantages of trading as a Corporation...

What documents should I keep?

You need to retain sufficient documentation to substantiate your claim to an expense deduction and GST Input Tax Credit.  The requirements are slightly stricter for something that includes GST (Note: GST refers equally to GST, HST and QST – we’ve...

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