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Trying to find your first computerized bookkeeping system?
You don't have any accounting bookeeping experience?
Simplified Ledger- Business is a bookkeeping tool that allows anyone, even those with little or no accounting knowledge, the ability to compile their books. It is based on the principle of balancing a cheque book.
On average in one year of using this tool you will save approximately $800.00 in bookkeeping fee's. It also can provide you your totals for your Personal Income Tax Return; Lines 162,135, 164,137, 166,139, 170,143. If your own a business and claim your business on your personal tax return.
Simplified Ledger - Business Income (Lines 162,135, 164,137, 166,139, 170,143)
If you own a business and you claim the business on your personal tax return ... these lines would apply to you on your personal tax return. This ledger will make your data entry is as easy as recording into your cheque book. The ledger system will sort, filter, and total based on a standard of codes. Compile & reconcile transactions to accounts, statements &/or receipts. You record all the transactions (activity) of the business into one ledger. It is that simple.
How is this different than other software available?
The ledger is an excel based spreadsheet.
Other products are complicated and can have extra tools (ie: inventory tracking) that are not required for small business owners.
Other products require the user to have an understanding of bookkeeping processes. Simplified ledger utilizes the concept of money accepted and money spent... it is that Easy.
On average it takes approximately 1 minute to record each transaction (income or expense items) into Simplified Ledger. Most other products take a minimum of 3 minutes. Simplified Ledger takes approximately about 1/2 the time.
How does the ledger work?
Your data entry is as easy as recording into your cheque book. The ledger system will sort, filter, and total based on a standard of codes. Compile & reconcile transactions to accounts, statements &/or receipts. You record all the transactions (activity) of the business into one excel worksheet that will automatically transfer the information to several necessary ledger reports that your tax accountant utilizes to compile your year end for Canada Revenue Agency.