Clear structure
- Set up a simple, appropriate chart of accounts
- Separate business and personal expenses properly
- Record income in a way that matches your actual work
- Keep an eye on key categories that matter at tax time
Bookkeeping for Self-Employed & Sole Proprietors
When you’re self-employed, it’s easy for receipts, bank accounts, and taxes to blur together. The goal is straightforward: clean, organized books that clearly show your income and expenses and make tax time much easier.
Keep it simple, accurate, and tax-ready
You don’t need an elaborate corporate system. You do need a proper set of records that separates business from personal, supports your tax return, and gives your accountant something solid to work with.
Day-to-day organization
- Bank and credit card reconciliation
- Consistent posting of regular bills and subscriptions
- Support for scanning and attaching source documents if needed
- Simple routines that are realistic to maintain
Tax and CRA awareness
- Support for GST registration and filings where applicable
- Books prepared with CRA reasonableness in mind
- Notes and backup for key assumptions
- Year-end files ready for your tax preparer
Work more like a contractor or trade business? Learn about bookkeeping for contractors and trades in Vancouver.
Self-employed, but not on your own with the books
If you’re in Vancouver and need someone to bring order to your bookkeeping — and keep it that way — we can start with where you are now and move forward from there.
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