• posting to future fiscal year

    Is there a way to post a payable and payment to the next fiscal year?
  • RRSP and Health Benefits paid by Employer but not a group plan

    I have an unusual situation. The employer is too small for Group RRSP, so they have agreed to pay one employee a rrsp contribution each paycheque. The amount is $100.00, which then the employee is responsible to contribute to an RRSP. How do I record…
  • Setting up accounts to show expenses and assets

    We are in the final stages of building a house that we will rent out. I have set up a project to track expenses and revenue, but not entirely sure on the accounts to use. Would I set up an expense account for appliances 5115 and an asset account 1840…
  • Phone allowance benefit

    I have setup a phone allowance as a taxable benefit and now the system is autogenerating an entry to, essentially, a non-existent account called, 'Benefits & Tips', and deducting the full amount of the benefit, after it's deducted tax. I have not set…
  • Setting up credit cards - correct asset acct

    Hello, I am setting up my company and entering the credit cards that we accept. At the end of the day when we close the batch on our credit card machine, the funds for the day, minus the discount fees, are deposited right into our bank account. Having…