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Subject Author Date
Reconciliation Stephane 05-09-2008
Posted by EXT on May 11, 2008, 12:03 pm
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> I opened a new business an IT Support.
>
> Do I post my montlhly reconciliation after I submitted my report to GST
> and
> PST? or before?
>
> Thanks, Stéphane

>Yes, you should do a monthly bank reconciliation. What report are you
>submitting? What is GST and PST?
------------------------------
GST = Goods and Services Tax, a Canadian Federal sales tax.
PST = Provincial Sales Tax, a Retail sales tax by Canadian provinces.


Posted by TObject on May 11, 2008, 4:06 am
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 Others already replied, and I'll add a general comment as well. I think it is
better to do taxes after reconciliation. It doesn't
really matter if there are no mistakes; but if reconciliation uncovers errors,
naturally, it is better to have those fixed before
you send out tax reports.



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