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Traditional accounting (also known as “accrual basis” accounting) is a kind of accounting that calculates your profits based on when you send invoices or when you receive them – regardless of whether you actually received or spent money.
We are using technology and accounting software programs to systematize your financial tracking. Every transaction that moves in and out of your account needs to be recorded. … This approach means that there are always two entries for every transaction: debits and credits
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T4A slips for 2020 tax year If you received any of the COVID-19 emergency or recovery benefits, you will get a T4A slip from the Canada Revenue Agency (CRA). Quebec residents will get both a