Documents required for bookkeeping:
Documents required for bookkeeping:
- Business bank accounts (chequing and savings)
- Monthly statements for entire fiscal year plus one month after end of fiscal year.
- Provide cheque images and/or cheque stubs
- Clearly identify personal transactions if any
- Provide details of e-transfers – payee and nature of purchase/payment
- Business credit cards
- Monthly statements for entire fiscal year, including statements that straddle the year end
- Clearly identify personal transactions if any
- Provide notes for business transactions if not obvious what purchase is for
- Business Line of Credit and/or Loans
- Monthly or annual statements for entire fiscal year, showing advances, interest and
principal repayments - Also required for loans that were paid off during the year
- Monthly or annual statements for entire fiscal year, showing advances, interest and
- Business Investments
- Monthly activity statements
Receipts are not required, except for:
- Capital purchases
- Donations
- Dues and licenses
Personal bank/credit card statements are not required, unless they are also used for business
- If so, please clearly identify business transactions