Accounting Talk Accounting Talk    FAQ   Search   Memberlist   Usergroups   Register   Profile   Log in to check your private messages   Log in  Reconciliation          Accounting Talk Forum Index -> Quickbooks View previous topic :: View next topic   Author Message Stephane Guest Posted: Fri May 09, 2008 7:27 pm    Post subject: Reconciliation I opened a new business an IT Support. Do I post my montlhly reconciliation after I submitted my report to GST and PST? or before? Thanks, Stéphane Back to top   Ads Advertising Sponsor David Smith Guest Posted: Fri May 09, 2008 7:42 pm    Post subject: Re: Reconciliation "Stephane" <nospam@nospam.ca> wrote in message news:NbZUj.76291$612.68010@read1.cgocable.net... Quote: I opened a new business an IT Support. Do I post my montlhly reconciliation after I submitted my report to GST and PST? or before? What "monthly reconciliation? would that be? If you mean reconcile the bank -you might want to as a step to ensure transactions are not missing. The step of reconciling will not affect those reports otherwise. Back to top   Ads Advertising Sponsor Stephane Guest Posted: Sat May 10, 2008 3:30 am    Post subject: Re: Reconciliation So what you are saying is that it does not matter either way? "David Smith" <foo@localhost> wrote in message news:g01nrg0vu6@news2.newsguy.com... Quote: "Stephane" <nospam@nospam.ca> wrote in message news:NbZUj.76291$612.68010@read1.cgocable.net... I opened a new business an IT Support. Do I post my montlhly reconciliation after I submitted my report to GST and PST? or before? What "monthly reconciliation? would that be? If you mean reconcile the bank -you might want to as a step to ensure transactions are not missing. The step of reconciling will not affect those reports otherwise. Back to top   Ads Advertising Sponsor QBConsultant Guest Posted: Sat May 10, 2008 12:11 pm    Post subject: Re: Reconciliation On May 9, 9:27 am, "Stephane" <nos...@nospam.ca> wrote: Quote: I opened a new business an IT Support. Do I post my montlhly reconciliation after I submitted my report to GST and PST? or before? Thanks, Stéphane Yes, you should do a monthly bank reconciliation. What report are you submitting? What is GST and PST? Michelle L. Long, CPA, MBA Author of: Successful QuickBooks Consulting: The Complete Guide to Starting and Growing a QuickBooks Consulting Business http://www.SuccessfulQuickBooksConsulting.com http://www.amazon.com/Successful-QuickBooks-Consulting-Comprehensive-Starting/dp/1434810690 Back to top   Ads Advertising Sponsor David Smith Guest Posted: Sat May 10, 2008 7:22 pm    Post subject: Re: Reconciliation What I am saying is -if you do the reconciliation you may find transactions which are either wrong or unrecorded which may affect those returns. Not doing the reconciliation will not prevent you from filing your sales taxes. "Stephane" <nospam@nospam.ca> wrote in message news:og4Vj.76529$612.21032@read1.cgocable.net... Quote: So what you are saying is that it does not matter either way? "David Smith" <foo@localhost> wrote in message news:g01nrg0vu6@news2.newsguy.com... "Stephane" <nospam@nospam.ca> wrote in message news:NbZUj.76291$612.68010@read1.cgocable.net... I opened a new business an IT Support. Do I post my montlhly reconciliation after I submitted my report to GST and PST? or before? What "monthly reconciliation? would that be? If you mean reconcile the bank -you might want to as a step to ensure transactions are not missing. The step of reconciling will not affect those reports otherwise. Back to top   Ads Advertising Sponsor TObject Guest Posted: Sun May 11, 2008 11:01 am    Post subject: Re: Reconciliation Others already replied, and I'll add a general comment as well. I think it is better to do taxes after reconciliation. It doesn't really matter if there are no mistakes; but if reconciliation uncovers errors, naturally, it is better to have those fixed before you send out tax reports. Back to top   Ads Advertising Sponsor EXT Guest Posted: Sun May 11, 2008 9:03 pm    Post subject: Re: Reconciliation "QBConsultant" <QBConsultant@gmail.com> wrote in message news:937b0c55-9372-46ca-93cb-1e7308c9259a@56g2000hsm.googlegroups.com... On May 9, 9:27 am, "Stephane" <nos...@nospam.ca> wrote: Quote: I opened a new business an IT Support. Do I post my montlhly reconciliation after I submitted my report to GST and PST? or before? Thanks, Stéphane Yes, you should do a monthly bank reconciliation. What report are you submitting? What is GST and PST? ------------------------------ GST = Goods and Services Tax, a Canadian Federal sales tax. PST = Provincial Sales Tax, a Retail sales tax by Canadian provinces. Back to top   Ads Advertising Sponsor Display posts from previous: All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First         Accounting Talk Forum Index -> Quickbooks All times are GMT Page 1 of 1   Jump to: Select a forum Accounting Talk----------------Accounting TalkPeachtreeQuickbooksQuicken  You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum 68 Attacks blocked Powered by phpBB © 2001, 2005 phpBB Group