One area that all small business owners have trouble with is bookkeeping.
How do you keep on top of your revenue?
Or worst yet, all your million expenses?
If you don’t have a system in place to not only keep your books in order but don’t keep track of your receipts, then that is a red flag!
How are you to know how profitable your business is? How do you know if you are maximizing your deductions for tax? What happens if the CRA come to audit you?
If you are just starting out or don’t have too many transactions, you can totally do your own bookkeeping - you just need some guidance. In the video tutorial below, I will show you exactly how to do bookkeeping for your business as well as provide you a free template.
Now, let’s jump right into the tutorial!
Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for specific advice related to your business situation and needs.