Reworking the car business...

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1 total messages Started by Mr.D Fri, 23 Jul 2004 04:24

#264

Author: Mr.D
Date: Fri, 23 Jul 2004 04:24

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"""My uncle's 'mom and pop' used car dealership is situtated in
London, Ontario, Canada.  My uncle has just purchased a new computer
running Windows XP for this business.

The dealership currently uses 'pen and paper' to keep records, and
every tax season hires an accountant to file business taxes.

I have been given the task to upgrade the 'accounting system' for the
dealership.  Personally, I have taken only four accounting courses at
the college.  The accounting financial statement basic are cemented
into my head.  Now looking over the dealership books, the books are
quite simple, seriously.

I want to do two things here."""

First, I am going to switch over to a computerized system of
bookkeeping.

I intend on using the Intuit's newest version of Quickbooks.  

What do most Canadian Chartered Accountants' recommend for small
businesses?

Second, a) I want to file the dealership/company taxes myself. 
Comments...

b) My brother pays $260 a year to have an accountant file his taxes. 
He has only a t-4 and tuition to account for.  He wants to be able to
file my own taxes.

His accountant uses 'www.efile.com'.

However, Intuit's Quickbooks is 'probably' designed to be 'hassle
free' if used together with Intuit's turbotax.

What bookkeeping software and tax software combination should I use?

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