Accounting & Recordkeeping

Sound financial statements and recordkeeping are essential for a successful tourism business. Keeping clear accurate records will help you prepare your financial statements, more easily assess your business' financial position, manage your cash flow, make more informed decisions and fulfill your obligations under Canadian law.

The following resources provide information on recordkeeping and Canadian accounting practices:

Financial Statement Workshop Resources

The following interactive workshops will take you through the step-by-step process of developing financial statements. The corresponding resources will provide even more detailed information to suit your needs:

Balance Sheets:

Cash Flow:

Profit & Loss / Income Statements: