Categoría: Bookkeeping

An unqualified opinion is a clear indicator of a company’s financial health and ethical standing. It reassures all parties involved that the financial statements can be trusted, which is fundamental […]

An unqualified opinion is a clear indicator of a company’s financial health and ethical standing. It reassures all parties involved that the financial statements can be trusted, which is fundamental […]

Your ongoing reporting period is assigned to you during your PST registration, which starts the first day of your registration month. MRDT only applies for any sales of short-term accommodation […]

There are three different types of tax rates, and they are Goods and Service Tax (GST), Harmonized Sales Tax (HST), and Provincial Sales Tax (PST). Use this calculator to find […]

As the name suggests, mortgage suspense account a «suspense account» is an account that the servicer sets up to keep a borrower’s funds suspended until it decides how to allocate […]

For financial organization and convenience, borrowers may choose to split up the monthly payment for their home equity loan into two installments. When a borrower makes their first partial payment, […]

During inflation, the FIFO method produces a higher value of the closing inventory, a lower cost of goods sold, and a higher gross profit. However, this model does not offer […]

For example, let’s say you purchased 50 items at $100 per unit and then the price went up to $110 for the next 50 units. Using the FIFO method, you […]

They want to see how an organization’s supporting costs relate to and drive its programs. Maintaining an accurate record of expenses is crucial for any nonprofit organization and absolutely essential […]

One key to writing strong grant applications is being clear about how you’ll use the funding you’re requesting. This is also sometimes called a “broad scope budget” or an “annual […]