6 May 2009
Published Online by the QuickBooks ProAdvisor Program, Intuit Canada, May 2009
|Control by Design
Eileen Reppenhagen, Certified
Every month, about the 16th or 20th, the bundle arrives. I find:
1. Cheque stubs with payee name, amount, date and balance forward
2. Deposit slips with backup documentation
3. Last month’s bank statement, current month’s internet printed statement to date, and credit card statements
4. Sales invoices
5. Purchase documentation
Purchases are paid using a variety of methods, credit card, cash, cheque, and debit. Accounts used to pay for purchases include personal accounts for the owner/manager, company accounts and accounts of other family or staff.
Invariably this pile of documents is accompanied by a request to verify ...
Eileen Reppenhagen, Certified QuickBooks ProAdvisor, and Honorary Member of the Institute of Professional Bookkeepers of Canada, writes and speaks about accounting and tax. She is a regular contributor to Canadian MoneySaver, The TaxLetter and Intuit Canada’s Advisor Advantage.
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