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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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How to Unfile a Sales Tax Return in QBO

To un-file a sales tax return: Select Taxes from the left menu. Select Sales Taxat the top. Select the Returns Locate the sales tax filing that you'd like to un-file. Under the Actioncolumn, open the drop down menu to view options. ...

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Purchase Order Work Around

Note the PO should be copied before adding it to a bill. Using an  example of 3 lines ordered, 2 delivered, and invoiced, and needing to part receive this, is how to do the workaround. 1. Open original purchase order. 2. At bottom of the screen ...

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5 Reasons Companies Run Out of Money Video

Don’t run out of money! Watch this video to learn about the 5 traps that snare too many business owners and how you can avoid them. Have a question about accounting, bookkeeping or money management? Ask our President, Dianna. ...

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