The Ultimate Guide to Bookkeeping for Canadian Business

Accurate bookkeeping is essential to the success of your business

Good bookkeeping will give you accurate insight into how your business is performing by helping you track how money comes in and how money goes out. Understanding this information will help you spot trends so you can make informed business decisions to safeguard your business's future.

Besides keeping you informed, it's also important to note that you have a legal obligation to keep accurate transaction records to support income and expense claims when filing taxes with the Canada Revenue Agency (CRA).

That's why we've created this guide - not just to help you track your day-to-day finances, but to help you get organized and ensure the success of your Canadian business.

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Here's what's included in your 46-page Ultimate Guide to Bookkeeping for Canadian Business:

What makes for good bookkeeping

The difference between bookkeeping and accounting

Bookkeeping and record keeping best practices

How to choose the best bookkeeping and accounting systems for your business

Cash accounting vs. accrual accounting

How to create a chart of accounts

The three financial statements you need to understand

Bookkeeping service delivery options

A glossary of important bookkeeping terms you need to know

...and more!

About FBC

For 70 years our focus has always been to bring complete financial support to you, Canada's hard-working small business owners.

We unite industry expertise through the Harvest Network of licensed specialists to support your business with services like bookkeeping, managing your payroll, helping you incorporate, or providing HR services.

Let us help you grow your business for generations to come.