u/Dear-Tonight-9411

Assisting a client who went from income assistance and now approved for PWD in BC

Their Dr filled out the PWD application beginning of Dec/25, then completed the application and submitted it in Feb/26. The ministry says it was received for processing Mar 9/26

They then received approval May 6/26

There was another issue with how they were treated via the Ministry, so when they talked to a supervisor, they were also informed that they could request back pay for PWD? But upon looking into this matter further, there was an expected decision date for May 11/26. So because they received a decision May 6, are they eligible to ask for retro pay I’m assuming back to Mar 9?

Has anyone had any success with retro pay?

I took on a clean-up project in BC Canada

New ownership took effect a few months ago. Share purchase with 4 equal share partners for the corporation

The accountant has given me the trial balance for the STUB YE as of Feb. It has adjustments completed (S/H Loan completely cleared, depreciations, additional adjustments)

With the new ownership, we are switching from Xero to QBO

Is my thinking correct with the ownership and software change…

The TB is dated Feb 27

Would I just take the adjusted balances of the Assets, Liabilities (credit cards, GST payables, disbursements), and retained earnings and create a journal entry accordingly for Feb 28 and carry on as normal? Not doing any entries for dividends, income, and expense accounts

I assume the retained earnings stays with the corporation

Do I need to ask for anything further from the accountant?

I know everyone else is constantly having issues with QBO. I feel like I’ve reached my end.

I am beyond frustrated with the immense amount of work it takes to stay on top of whatever glitch is happening today, know by tomorrow or next week, I’ll be dealing with another on of their “glitches”

QBO has seriously caused me to have extreme OCD flare ups because I am constantly scanning for glitches, changes to my accounts or reconciled trial balances. It has wrecked my mental health dealing with already challenging clients/clean ups

I can’t believe how bad this system is, and yet, I have 10+ clients with them. How do I broach leaving QBO and going to something like Xero? Does anyone have any success with transferring softwares systems

Incorporated construction company in BC Canada with the owner (51% shares) wanting to go on payroll, he’s the sole worker

Grossing about $200k a year. Just started the business last year and had a net loss. This year he’s on track to definitely have a lot of profit

What’s a fair payroll amount for him to be on salary? Reading online that around $65k-80k is fair, plus a dividend at YE or as required? If he’s on salary, can he change his amount for payroll if work slows? I doubt it will…since he’s booked with big jobs for the next 1.5 years

Getting mixed direction…

If a client is tracking inventory for most of their items, should the amount of the item include the freight that was charged with its purchase? Then when moving it to COGS should the full amount (including freight) be fully to COGS? Or split out between COGS and a freight expense?

At times the shipping will be $99, at other times $150

Sole prop in BC didn’t put aside her collected GST for all of last year

She’s wondering if she should take a loan from a family member to put at least some funds towards her GST account. She will also owe for her personal income tax, but she has yet to file

Should she just put some money towards her GST for now by tomorrow?

For disbursement costs in Canada

Aka costs collected from the customer and paid to either an agency or third party for a service or permit

Should these be recorded as a revenue and COGS?

Former owner had a liability account for the govt disbursements and was using a COGS account as basically a clearing GL for any third party

It’s important for the new owner to be able to see any collected agency costs, but wouldn’t they still have to be in revenue/COGS?