Finance Working Group

Areas of Responsibility

Monthly

Accounts Receivable

• Send client invoices
• Track and follow up on unpaid invoices

Accounts Payable

• Pay incoming invoices
• Pay credit cards

Payroll

• Process payroll
  • See the Expense Reimbursement page for instructions on how to submit receipts.

Record-keeping

• Save bank account statements
• Save credit card statements
• Save investment account statements
• Save fiscal hosting reports
• Submit receipts and invoices to QuickBooks
• Review and save monthly QuickBooks reports

Reporting

• Generate practice area tracking report
• Generate asset tracking report
• Generate monthly reports

Quarterly

• File and pay HST
• Rebalance treasury

Yearly

• January: File and pay EHT
• February: Generate T4/T4A forms
• May-July: Prepare Fiscal Year End statements with the accountant
• July-August: Generate FYE reports for the Annual General Meeting
• September: Update member/reserve accounts

As needed

• Transfer funds between accounts
• Service requests for cryptocurrencies
• Obtain reports from Wagepoint
• Update employee records in Wagepoint