Kimpton ✭✭
Community stats
- Username Kimpton
- Joined
- Visits 149
- Last Active
- Roles Member
- Points 73
- Badges
- 11
- Posts
- 78
Reactions
-
Any Wavers in Alberta? Western Canada?
I have a small accounting biz in Edmonton. We do bookkeeping, of course, but also payroll and GST returns as well as T1, T2, T4, T5 and an assorted batch of other income tax returns. (View Post)1 -
Re: Updating Owners Equity + Interest Expense
Wave has a pretty good Help feature. They just produced a guide called Fearless Accounting with Wave; you'll find this more than helpful. So, Wave does close out your income and expense accounts and … (View Post)1 -
Re: Filing Catagories
Yes, you can. You'll need to go into your Chart of Account and create a new Account in the Property, Plant, Equipment catagory. You can name it and number it as you wish. If you plan on depreciating … (View Post)1 -
Re: Is there a way to close a prior year so that no further changes can be made to it?
Iris, your specific example refers to 'prepaids' or 'deposits'. As Alexia says you cannot close the previous year, but you can code transactions in such a way to eliminate this specific problem. Firs… (View Post)1 -
Re: How to categorize tax payments
Nadia, you need both a tax Expense account and a tax Liability account. When you make your monthly installment: Debit Taxes Payable (the Liability account) Credit Bank At year end when you record you… (View Post)4
