What does my bookkeeeper need from me?
Your bookkeeper will usually give you a check list of all the items he/she will need to manage your finances. He/she will need access to your bank accounts and your asset and liability information. They will also need forms and papers such as expense receipts, documents pertaining to lease agreements, loans and any contract you have signed, a list of all pre-authorized direct deposits and withdrawals on your bank and credit card statements, lists of customer deposits and prepayments, an inventory count (if you are selling goods rather than services), and all government and tax forms such as GST/HST and WCB reports as well as any and all payroll information including T4s and PD7As. The more data you give, the better he/she can manage your finances and save you money!
For more information on Small Business Tax Accounting, click > Small Business Tax Accounting