Any statement, proved to the cent
Bank and credit card statements read straight from a PDF, a scan or a CSV — then balanced against the statement total, so nothing is quietly dropped or doubled.
Yellowknife, Northwest Territories
Accounting software in Yellowknife
Books for Yellowknife's diamond mining and mine services, territorial government and aviation — each client in a company of its own, on its own chart of accounts. Bank and card statements read and proved, 5% GST, and year-end working papers — online or on Windows.
Books in Yellowknife
What a set of Yellowknife books has in it
In a town of about 20,000 where diamond mining and mine services is the main employer, the books are usually kept by the owner or by one bookkeeper looking after several local businesses at once. BooksAuto is priced for that — per company, no per-user charge, and nothing to install unless you want it.
The local detail that shows up in the ledger: fly-in mine rotations and northern living allowances are the two things that make a Yellowknife payroll different from a southern one — and the books have to reflect it rather than flatten it.
Month end starts with the statements, and BooksAuto reads a bank or credit card statement from a PDF, a scan or a CSV and proves it against the statement total before anything is posted. A dropped page or a doubled transaction is caught then, not at year-end. Transactions are coded to the chart of accounts and learn from the corrections you make.
Diamond mining and mine services in Yellowknife
The part of these books that catches people out
Resource books are capital-heavy: large assets on long depreciation schedules, and a great many contractor invoices. The one to watch is the contractor invoice — an input tax credit needs the supplier to be registered, so the GST number is worth checking before the credit is claimed rather than after it is questioned.
General Canadian sales-tax treatment, not advice on your own return — and municipal charges vary, so confirm what applies to your business before you file.
Set by the province, not the city
Sales tax behind a Yellowknife ledger
A Yellowknife business charges 5% GST — a provincial rule, so the same in every Northwest Territories town. How the accounts are set up for it and how input tax credits are tracked is on the Northwest Territories accounting page.
Payroll is in the same program, so a Yellowknife client's wages, source deductions and employer cost post themselves into these books on the accounts you chose — nothing re-keyed from a payroll summary.
Accounting features
What you need to keep a set of books in Yellowknife
Categorized as it comes in
Transactions are coded to the chart of accounts and learn from the corrections you make, so the second month takes a fraction of the first.
GST, HST, PST and QST
The sales tax return comes out of the ledger rather than a spreadsheet, with the working behind every figure and the input tax credits separated out.
Customers, vendors and invoices
Invoices and bills with what is owed and owing, aged, and the payments matched against them.
Reconciliation you can show
Bank reconciliations with the outstanding items listed, so a reviewer can see why the books and the statement differ.
Working papers A–N
The year-end file an accountant actually hands over: lead sheets, the trial balance, the adjusting entries and the support behind each one.
Payroll posts itself into these books, so wages, source deductions and the employer cost land on the right accounts without a journal entry.
Pricing
Accounting software pricing in Yellowknife
Same price everywhere in Canada — 50% off Payroll for your first year. Accounting firms: $3 Payroll + $3 Bookkeeping per client per month.
Questions
Accounting questions from Yellowknife
What is different about diamond mining and mine services books in Yellowknife?
Resource books are capital-heavy: large assets on long depreciation schedules, and a great many contractor invoices. The one to watch is the contractor invoice — an input tax credit needs the supplier to be registered, so the GST number is worth checking before the credit is claimed rather than after it is questioned.
What sales tax applies to a Yellowknife business?
A business in Yellowknife charges 5% GST, the same as the rest of Northwest Territories. Sales tax is set by the province, not the city — though a municipality may levy its own charge on things like accommodation, which is reported separately from the sales tax.
Can you read my bank statements?
Yes — as a PDF, a scan or a CSV. Each statement is proved against its own closing total before anything is posted, so a missing page or a doubled transaction is caught at the start of the month rather than at year-end.
How much does accounting software cost in Yellowknife?
The same everywhere in Canada: $10 per company per month, with a 30-day free trial and no per-transaction charge.
Do I need an accountant to use it?
No, though many Yellowknife businesses share the file with theirs. The year-end working papers are the ones an accountant expects, so handing the file over does not mean rebuilding it.
Also in Yellowknife
The rest of BooksAuto
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