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10 videos in 1 section

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Accounting

Real books, free forever — General Ledger, Bank Reconciliation, GST/HST and Year End.

10 videos
1

Overview of Accounting

Turns the Invoices, payments and expenses you already record into a set of books. A Chart of Accounts per Business Entity, with the CRA's GIFI codes already loaded.

1:05
2

Set Up Your Business Entity

The business itself, kept separate from your personal profile, and you can have as many as you run. Each one keeps its own Chart of Accounts and its own books.

1:07
3

Your Chart of Accounts

Your own numbering, the CRA's GIFI codes underneath, and why a Header account cannot be posted to.

1:17
4

Invoice Settings and Templates

Charge Types and Payment Types each point at a G/L account, so every invoice line and every payment lands in the right place by itself.

1:13
5

Post a Journal Entry

How anything that is not an Invoice or a payment reaches your books. Lines have to balance to a variance of zero before it will post.

1:10
6

Bank Reconciliation

Paste or attach the statement, let it match against what is already in your ledger, and read the Variance.

1:06
7

Scan a Receipt Into Your Books

Photograph a receipt on your phone, let it read the amount and pick the expense account, then post the batch when you are ready.

0:58
8

Shareholder-Paid Expenses

Expenses you paid personally - drafted, GST split out, balanced, and with the assumptions it made written out for you to check.

1:21
9

Close Your Year End

Why the screen is blank, where the first year end date is set, and the one thing you cannot change afterwards.

0:54
10

Financial Statements and G/L Reports

Financial statements, trial balance, the General Ledger detail, the year-over-year picture, and the one-click print package.

1:16

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