Bookkeeping – Dean C Paley, CPA, CGA ,CFP

Essential Steps for Effective Bank Reconciliation

Bank reconciliation is a crucial bookkeeping task that ensures your accounting records align with your bank statements. Reconciling your accounts regularly helps identify errors, detect fraud, and maintain accurate financial records. This post outlines the steps involved in performing a bank reconciliation manually, with references to how this process works in QuickBooks Online (QBO), QuickBooks Desktop, and Xero. What Is…

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June 20, 2025

Bookkeeping / Business

Preparing for Year-End: A Bookkeeper’s Checklist for Compilation Engagements

Bookkeeper year-end checklist of what to provide to the acocuntant.

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June 20, 2025

Bookkeeping

Common GST & HST Filing Errors

As a small business owner, the collection of HST may be seen as a nuisance and for some it may feel as if you are acting as a tax collector. Like it or not, we all have to comply, file and remit the HST we have collected. Whether you complete your HST return yourself, have software calculate it for you, or…

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November 4, 2013

Bookkeeping

Top Bookkeeping Mistakes

Over my career, I’ve seen a lot of journal entries and I’ve seen what can happen to someone’s livelihood when bookkeeping mistakes are made. The fact is, that one of the most common reasons a business fails is due to poor financial management. Your financial records will tell you where you stand: How much cash you have, Where the cash…

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October 10, 2013

Business

Why Use A Bookkeeper?

Bookkeeping is an important part of your business! The information in your bookkeeping system tells you how your business is performing and helps you make informed decisions. Without an effective bookkeeping system, you can easily lose track of you cash flows and potentially get in some hot water with the CRA. Bookkeepers Save Time As a busy business owner, it’s…

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February 12, 2013