This free webinar highlights the required information in source documents that many businesses and non-profits fail to comply with, including proper checking and storage in accordance with CRA guidelines.
Non-profits and business owners are responsible for their company’s books, and many assume that hiring a bookkeeper automatically means CRA compliance rules are understood and are consistently followed in their business, but are they?
I recently assisted a business with a GST/HST audit and identified common gaps in source documents, with required information missing to support business expenses and GST/HST ITC claims. The business owner assumed that all compliance obligations were being properly met, but that was not the case, and it ended up incurring an exorbitant amount in unexpected costs.
This webinar is ideal for executive directors and business owners looking to revisit their accounting processes to ensure their company meets the source document requirements, as well as bookkeepers and accounting personnel who want to sharpen or reaffirm their compliance knowledge.
Webinar Topics:
We will cover the required compliance for Source Documents:
- Original records and the evidence proving that a business transaction occurred
- Compliance for Revenue: Sales Invoices, Bank, EFT and e-Transfer Deposits
- Compliance for Expenses: Purchases, Subcontract Invoices, Bills, Expense Receipts, and Payments
- Documents must clearly outline the complaint details and demonstrate their relevance to the business
- Source documents are used to create Journal Entries
- Source documents can be retained in both paper and electronic format
What’s Included:
- 1-hour Webinar
- Online webinar access with computer audio
- PDF Agenda and materials
- Note: this webinar is not recorded and is a must-attend session
Who should attend:
This webinar is ideal for business owners, bookkeepers and accounting personnel.
Meet Sue Dupuy, the Presenter:
Sue Dupuy has countless years of experience in the accounting industry, with bookkeeping and accounting consulting for thousands of businesses across Canada. Sue has been an accounting educator, an instructor at colleges, and a curriculum writer for accounting courses and programs. Being in Sue’s training sessions, you not only learn the Why? You’ll learn best practices, how to streamline processes, compliance rules and requirements, and strategies for faster processes; Sue always inspires “to keep it easy”, because accounting is not complex.
How does the webinar work:
After registering, you will receive a confirmation email with the webinar information and reminder emails leading up to the webinar. The webinar opens 30 minutes before the start time, where you can print the PDF agenda and/or materials for the webinar. Questions will be taken at the end of the webinar, as most may be answered during the webinar.
Computer requirements:
A computer with an internet connection, computer audio, and a microphone, or attend via a headset.
How do I register:
For this webinar, click the register button on the page, then complete the registration form. Your information is not shared and is used only to attend this webinar. Once completed, you will receive an email confirming your registration. Registration closes 24 hours before the webinar starts, or when the webinar spots are full.
Free webinars are not recorded. We ask that if you register and take up a spot, you have the full intention of attending the webinar.
Webinar Changes or Cancellations:
Simply Training is not liable for any delays, changes, or cancellations of webinars caused by factors beyond its control. Registered attendees will be notified if the webinar is cancelled.