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Published at Tuesday, June 08th 2021, 23:34:42 PM. Form Spreadsheet By Alexandra Reid. Starting a small business out of your home, offering products or services like business consulting, photography, selling on the web or a MLM? You are now faced with tracking all your expenses and revenues for your business and you certainly dont have the money yet to engage a bookkeeper or accountant. If your business is a sole proprietorship, whether it be a Canadian Proprietorship or a US-based Proprietorship, you do not require an accountant to submit your company financials (books) to the IRS (USA) or Revenue Canada). Your business revenue and losses are reported as part of your annual personal income tax. For this small business start-up, you wont need to buy fancy accounting software, like Quick Books or AccPac to track your business.
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