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Canadian Bookkeeping/Accounting

How to Reconcile Client Costs Vendor Disbursements (Paid vs. Collected)
Advanced Client Costs include sales taxes paid on behalf of the client and appear on the balance sheet.  At this time, the only way to identify unpaid taxe...
Wed, 30 Aug, 2017 at 5:30 PM
How To Compute Input Tax Credits
CosmoLex has provided the reports needed to get the raw tax data for this calculation. Go to Reports > Tax Collection/Payments. You will find Billed/Coll...
Fri, 19 Jan, 2018 at 9:52 AM
How to Enter Transaction Levy (Ontario and Newfoundland)
Transaction Levy (Ontario and Newfoundland) Members of the Law Society of Upper Canada and Newfoundland are required to pay a professional liabili...
Fri, 19 Jan, 2018 at 9:22 AM
How to Enter Trust Administration Fee – TAF (British Columbia)
Trust Administration Fee – TAF (British Columbia) In some Canadian jurisdictions (BC), lawyers must remit a $15 trust administration fee for each ...
Fri, 19 Jan, 2018 at 9:20 AM
Procedure for Working with Teranet / Land-Title Accounts in CosmoLex
Lawyers in Ontario use Teranet/Teraview (or other providers) to obtain conveyancing related services such as land titles fees, searches and land transfer ta...
Wed, 4 Apr, 2018 at 5:52 PM
How to Remit GST/HST to Canada Revenue Agency
Assumption   For the purpose of this article, the assumption is that your Tax Collected/Paid default GLs set under Setup -> Firm Settings -> Account...
Tue, 10 Apr, 2018 at 9:41 AM