Bruce_C49
I prepared a PDF document that outlines the services I perform for Wave Accounting users and how I work and fee structure.
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Starting your own business? A few tips.
These tips may be redundant but, because they persist, they bear mentioning: 1) Generate a business plan. You may know what you want but if you can't put pen-to-paper and articulate it.... how good i… (View Post)1 -
Avoid double counting
As with any online electronic upload software, care has to be taken that entries aren't double-counted. Entries come through the bank to your Wave bank account(s) automatically and this saves a lot o… (View Post)1 -
Re: Setting Opening Balance for an Asset or Liability Account e.g. Account Receivable or Payable
An opening balance for a corporation or a proprietorship is important. In Canada, the opening balance sheet entry for a corporation must be reported on a T2Sch101. The CRA wants to know how the busin… (View Post)1 -
I can help you get started in Wave.
Starting out as a proprietor? A corporate shareholder operator? Bringing any fixed assets into the business? What is your share structure? I can help you set up your (Canadian) Wave accounting chart … (View Post)1 -
Be careful with CCPC dividends for Canadian corporation shareholders.
The Canadian Controlled Private Corporation (CCPC) has a very attractive corporation tax rate, a lifetime taxable capital gains exemption of close to $825,000 but there is a severe penalty imposed by… (View Post)1
