Simply Financials-Making Simply
Accounting Work For You! ©2009
12 hrs – 4 evenings or 2 days

Click to view Certificate

Session 1: Getting Started
Create a new company
Set up sales taxes
Essential Linked Accounts
How to post an expense/cash
How to buy inventory/charge
How to Post a cash sale
How to sell inventory/charge
How to post a paycheque

Session 2: Advanced Set-ups
Projects-Job Costing
Departments
Warehouses
Price Lists
Importing
Exporting
Bill of Materials
How to make a T4 Summary
How to do an ROE

Session 3: CRA Compliance & Reporting
Accounting Equation, GAAP, Accruals
Revenue-Matching Principle, CCA
Prepaid Expenses, Customer Deposits

Session 4: Review and Excercise
Hands-on session using computers
Sales, Purchases, Paycheques
Allocations, Inventory, Services

Simply Financials – Bookkeeping For
Entrepreneurs ©2009
12 hrs – 4 evenings or 2 days

Click to view Certificate

1. The Essentials of Bookkeeping
The Accounting Equation & Cycle
The 5 Steps of Manual Bookkeeping
A Case Study to suit Student

2. Government Regulations
Proprietor, Partner, Corporation
CRA Dates & Glossary of Terms
Income Tax Returns (T1 and T2
Fixed Asset Records, Amortization
GST/HST forms, dates
Payroll, Benefits, Dates, T4, Holidays,
Employee or Contractor?
AUTO (KM log, receipts, prorated)
Environmental Compliance
Work Safety
Workers Compensation

3. Reports
Ratios: manage planning & borrowing
Cash flow SCFP: evaluates sources & timing
Budgets: forecast future based on past
What bankers are looking for

4. Security & Privacy
Commercial Fraud
ID Theft
PIPEDA
Locked Filing Systems
Offsite backups
Documented Office Procedures
Internal Controls for Cash, Inventory,
Receivables, Payables