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Vacation Time vs Vacation Pay

There is a difference between vacation time and vacation pay in Canada.  While your employee is away on maternity/parental leave, she is earning vacation time.  However, the vacation pay she earns will be determined by what is stated in her ...

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QBO Tax Code Selections

In QBO, almost all of the transactions you process have to have a tax code.  If you make a deposit that has nothing to do with sales, line 101 on your HST report will be reduced by that deposit if you don’t use the Out of Scope tax code. The Exempt ...

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Create Custom Fields for internal use only

QBO has enhanced their sales invoices features.  Here they are… Create custom fields for internal use only Turn on up to three custom fields and decide for each if it should be internal-only (meaning only the QBO users can see it), or both ...

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Mentor Works

Mentor Works Ltd. helps companies get government funding. They work directly with Canadian businesses to help build and execute on their custom developed Proactive Funding Plan™. This approach helps you grow your business and increase your cash flow ...

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Welcome to the Targeted Accounting Blog

News, Tips, And Advice From The Expert Bookkeepers At Targeted Accounting

Recent Posts

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  • Bookkeeper Productivity Tips
  • Reasons for the Necessity of Transparency in the Workplace
  • Reasons To Thoroughly Examine Your Company’s Spend Culture
  • Approaches To Creating a Profitable Strategic Plan
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