Canadian use

[Elena Khrissanova]

I'd suggest starting with a good book."Bookkeepers' Bootcamp: Get a
Grip on Accounting Basics (Numbers 101 for Small Business)" helped me
a lot.

On Tue, Sep 3, 2013 at 5:21 PM, R. Victor Klassen <rvklassen at gmail.com> wrote:
> The default chart of accounts for business is a good place to start.
>
> I'm managing the books for a diversified vegetable farm (in Canada), and started with that.
>
> You will want to get an HST number, if you don't already have one, and then one way of handling HST (the way I've chosen) is to put an account for HST under liabilities, and then two accounts underneath that for HST collected (and therefore payable) and HST paid (and therefore subject to the Input Tax Credit).
>

Elena Khrissanova