How To: Tax Filing Prep - Year End Review of your Quickbooks account
In this video Arielle from Fix My Books will be showing you how to prepare your books for Tax Filing by doing a Year End Review of your financial statements in your Quickbooks Online Account or any other accounting software that you're using.
Here are some things we are going to look at:
1. Profit and Loss Statement
2. Balance Sheet
3. Accounts Receivable
4. Accounts Payable
5. HST Return and Balances
6. Property, Plant and Equipment (Fixed Assets) and Depreciation
7. Inventory and Cost of Goods Sold
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Quick Tips: What is an Income Statement?
In this video, Arielle from Fix My Books, will be teaching you what an Income Statement is, why you need it, and how it can help you understand your business's performance and help you make better business decisions.