The guides assume you have defined the correct GL accounts, Tax Code
structures, and Customer / Vendor accounts in your bookkeeping system.
Those setups are beyond the scope of this guide.
NOTE: Bookkeeping involves two separate systems that
must be kept in balance.
The "Real World" includes banks, government, customers, vendors, etc..
The "Bookkeeping World" is the system you use to track your business. This
could be a manual system, Quickbooks, Sage, or any other bookkeeping
system being used.
I know this sounds trivial but it is easy to lose sight of
the existence of both when you are up to your ears in debits and credits.
Reconciling your bank statement with your bookkeeping records is one
obvious check point.
The information offered in these guides is only one way of
It is not necessarily the best (or correct) way for your
Claiming PST Input Tax
Credits on relevant purchases