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Dashboard
Expenses by Category
Account Summary
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Opening Balances:
Full Opening TB →
Date Description Category Account Amount HST ✓
ℹ
Shareholder-Paid Expenses — expenses paid personally by a shareholder on behalf of the company (home office, travel, meals, etc.). Each entry creates a Due to Shareholder liability — the company owes the shareholder reimbursement. These flow into your P&L as business expenses and appear in the Trial Balance as a liability.
Date Shareholder Description Category Amount HST Status ✓
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Invoices & Sales — record every invoice you issue to clients. Unpaid invoices become Accounts Receivable on your Balance Sheet and Trial Balance. When payment arrives, mark the invoice Paid and link it to the bank deposit in Transactions.
Invoice # Date Due Date Client Description Subtotal HST Total
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Home Office Expenses — enter monthly expenses including HST. The business-use percentage is applied automatically to calculate the deductible portion. The net business amount flows into Shareholder Expenses as a home office claim.
Space Calculation
Total sq ft of house
Sq ft used for business
% used for business
0%
Monthly Expenses
Enter totals including HST
Expenses Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Business Use HST Net
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Capital Cost Allowance (CCA) — Canada's depreciation system for fixed assets. Assets are grouped by CRA class, depreciated at the prescribed rate using the declining balance method. The half-year rule applies in the year of acquisition.
Asset Register
Asset Name CCA Class Rate Acquired Cost Opening UCC Additions Disposals CCA Claimed Closing UCC
CCA Schedule by Class
Class Description Rate Opening UCC Additions Disposals Net (½ rule) CCA Claimed Closing UCC
Corporation Information
Corporation Name
Business Number (CRA)
HST / GST Number
Province
Address
HST / GST Filing Method
Filing Method
Fiscal Year
Fiscal Year Start
Fiscal Year End
Tax Year
Fiscal year not set
Shareholders / Directors
Accountant / Preparer
Name / Firm
Email
✦ AI Categorization
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Chart of Accounts
Add client-specific accounts here — they appear in all dropdowns (Transactions, Journal Entries, Opening Balances, etc.). Built-in accounts cannot be removed.
Custom Ledgers / Accounts
Add custom categories beyond the default CRA ledgers
Prior Year Comparatives
Enter prior year figures to show a comparison column in P&L and Balance Sheet reports.
Prior Year Label
P&L — Prior Year Amounts
Balance Sheet — Prior Year Amounts
Enter balances from your previous year's closing trial balance.
Account Name Type Debit (Dr) Credit (Cr)
0 accounts
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Adjusting Journal Entries — manual double-entry adjustments that flow directly into all reports (Trial Balance, P&L, Balance Sheet). Use for accruals, deferrals, depreciation adjustments, corrections, and year-end entries. Each entry requires a balanced debit and credit.
Date Reference Description Type Debit Account Debit $ Credit Account Credit $
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Bank Reconciliation — match your records against a bank statement. Pick an account, enter the statement's closing balance and date, then tick off transactions that have cleared. The difference should reach zero when reconciled.
Account
Statement Closing Date
Statement Closing Balance
Profit & Loss Account