BOOKKEEPING POSTS

OHS Rules for Farmers

Wednesday, September 14, 2016
OHS Rules for Farmers New Occupational Health and Safety (OHS) rules require that all farms that employ paid employees (other than family members) have a safety program that includes training of employees. OHS should only inspect your farm if a serious accident or a death occurs at your worksite. ...
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Year End Preparation

Wednesday, June 15, 2016

Year End Preparation What do we need and why? A copy of bookkeeping records whether it be manual synoptic, Sage Simply Accounting, Quickbooks etc. All bank statements for the year and reconciliation reports Asset listings Receipts for purchases of depreciable assets greater than $5...
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Employee or Self-Employed Worker

Wednesday, May 18, 2016
Employee or self-employed worker? It is important to decide whether a worker is an employee or a self-employed individual. Employment status affects a person’s entitlement to employment insurance (EI) benefits while also having an impact on how a worker is treated under other legislation such as th...
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Capital VS Expense

Friday, January 22, 2016
Capital VS Expense When do you capitalize an item? We come across this question often. There are specific requirements a purchase must meet in order to be capitalized: The cost must be at least $500.00, not including GST. The life of the item extends 1 year or more. The item extends...
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November 2015 - Bookkeeping Tips and Guidelines

Friday, November 27, 2015
Bookkeeping Tips Here are some bookkeeping tips along with a list of information to provide to our bookkeeping department to receive accurate monthly/quarterly or annual bookkeeping in a timely matter. If you are new to our bookkeeping department you will be required to sign a copy of our Book...
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Creating a Chart of Accounts

Wednesday, September 16, 2015
Creating the Chart of Accounts Starting bookkeeping for the first time can be an intimidating experience, if you don’t know where to start. Most bookkeeping programs offer some sort of template to start a chart of accounts. If you find yourself having to create a new chart of accounts or have been ...
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