Hi,

 I've just completed all the accounting for the FYE May 31st 2008. My taxes are due end of november 2008. I did not record any CCA as of yet because I will let my accountant decide. I have a few questions:

 1) Why can't I enter transactions past my FYE date while I wait for my accounting to prepare my taxes? I do not want to close the books as I still have to wait for adjustments for CCA from the tax accountant.

 2) Does Simply Accounting Entrepreneur version have an option to assemble the ledger in a way so that my accountant can use it for tax purposes? What do people usually do? Export as excel? 

 3) What does simply accounting do exactly when I perform FYE closing activities?

With a year end of May 31st you must be dealing with a corporation rather than a proprietorship.

I am not an expert on Entrepreneur but from a number of postings on this site suspect that it may be to simple a program for a corporation, you might want to consider an upgrade.

Now to your specific questions:

1) You can't enter transactions beyond the YE until you advance to the new year. You might want to save a copy under a new name and advance that copy to the new year.

2) You need to speak to your accountant about what programs s/he works with. You might find that Simply Entrepreneur works just fine, or you might need to export into a format this person works with.

3) When you advance to the new year Simply will close all the income and expense accounts to Retained Earnings.

By the way, you have not given your accountant much time to perform his or her due dilegence, prepare your financial statements and tax return. Just a thought for next year

we're not a big corporation. we just own one real estate property and our transactions are no where near complex. The amount of receipts and documentation fits in a small folder (40 pages worth).

 I saw that I can saw my reports as excel, so that seems to be very helpful.