Self Employment Bookkeeping

Make a copy of this sheet. This version c

BEFORE YOU START copy or download it as an Excel file to

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Instructions
1. Copy this sheet: File > Make a Copy (or Download as Excel)
2. Fill in the blue shaded cells in the "Your Information" section below.
3. Enter your revenue and expense transactions in the blue shaded cells under the "Bookkeeping" section below.
4. You can enter each item on a separate line, or add up similar items and put the group total on one line.
5. Select a transaction type from the dropdown menu under "Transaction Type".
6. Include descriptions and specific dates for each transaction to help you remember what transactions relate to.
7. Enter all transaction amounts as positive numbers
8. If you're not sure of which expenses are eligible to be deducted, check out our guide here -->
9. Once you've finished entering your transactions, your income statement for the year will be completed on the income
10. Also check out this instruction video linked here --> Instruction Video

Example of Bookkeeping
Transaction Description Date
Staples - Paper and supplies February 20, 2022
Telus Mobility - Phone bills for the year 2022
Sales - January web design work for Avalon Brewing Co. January 1, 2022
Sales - Invoice #003 May 22, 2022
Best Buy - MacBook Pro September 30, 2022

Your Information
Your Name
Year
Do you charge GST/HST?
Did you work from a home office at all during the year?

Bookkeeping
Transaction Description Date
 copy of this sheet. This version can't be edited, but you can make a
or download it as an Excel file to use it. See the tutorial video for
instructions.

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"Bookkeeping" section below.

roup total on one line.

er what transactions relate to.

What Can You Deduct?

year will be completed on the income statement tab (see green tab below).

Gross Amount GST/HST Net Amount

58.00 2.76 55.24
864.00 40.37 823.63
1,575.00 75.00 1,500.00
840.00 40.00 800.00
2,260.00 105.61 2,154.39

Gross Amount GST/HST Net Amount

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Contact: hello@avalonaccounting.ca

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Transaction Type
Office Expenses
Telephone and Utilities
Sales
Sales
Capital Asset - Computer Equipment

Transaction Type
Home Office Expenses

Instructions
1. If you used a portion of your home as an office relating to your business, please fill out the blue shaded cells below.
2. If you're not sure whether you should fill this out, just give us a call or email and we can help.
3. Home Office Info - This is used to calculate the percentage of your home that was used for an office.
4. Home Office Expenses - Please enter the total amounts paid during the year for each expense that is applicable to you

Home Office Info Annual Amount

Approximately how large is your home in square feet?
Approximately how large is your home office area in square feet?

Home Office Expenses (Yearly Amounts)

Heat
Electricity
Insurance
Maintenance
Mortgage Interest (only the interest portion of payments is eligible)
Property Taxes
Rent
Strata Fees
Other (please describe in the blue cell to the right)

Total Home Expenses 0.00

Estimated Percentage of Home Used as an Office

Eligible Home Office Expenses $0.00

 Contact: hello@avalonaccounting.ca

siness, please fill out the blue shaded cells below.

all or email and we can help.
r home that was used for an office.
ng the year for each expense that is applicable to you.
 Contact: hello@avalonaccounting.ca
Draft Income Statement

Sales and Cost of Sales

Sales $0.00
Cost of Sales 0.00
Gross Profit 0.00

Operating Expenses
Advertising 0.00
Bank Charges and Interest 0.00
Insurance 0.00
Meals and Entertainment 0.00
Licenses and Dues 0.00
Office Expenses 0.00
Professional Fees 0.00
Rent 0.00
Repairs and Maintenance 0.00
Software Subscriptions 0.00
Subcontractors 0.00
Telephone and Utilities 0.00
Travel 0.00
Vehicle Expenses 0.00
Wages and Benefits 0.00
Other Expenses 0.00

Total Operating Expenses 0.00

Home Office Expenses 0.00

Net Income $0.00

Capital Assets Purchased

Capital Asset - Office Equipment 0.00

Capital Asset - Computer Equipm 0.00
Capital Asset - Vehicle 0.00
Capital Asset - Other 0.00

Total Capital Assets Purchased $0.00

valonaccounting.ca
 Contact: hello@avalonaccounting.ca
GST Information from Bookkeeping

Information
1. This information is based on the transactions entered in the bookkeeping tab
2. You may be able to use these figures to help file your GST return (if applicable)

Sales 0.00
GST Collected 0.00
GST Paid 0.00
Net GST 0.00
Sales
Cost of Sales
Advertising
Bank Charges and Interest
Insurance
Meals and Entertainment
Licenses and Dues
Meals and Entertainment
Office Expenses
Professional Fees
Rent
Repairs and Maintenance
Software Subscriptions
Subcontractors
Telephone and Utilities
Travel
Vehicle Expenses
Wages and Benefits
Other Expenses
Capital Asset - Office Equipment
Capital Asset - Computer Equipment
Capital Asset - Vehicle
Capital Asset - Other