Business money
Keep business money apart, mark business purchases and get ready for tax time.
6 articles
How do business books work?
The Business page files your business money on the lines of CRA form T2125 as it comes in, shows you what to do next, and helps you sort what's left merchant by merchant. It organizes your records and gives estimates; it doesn't file your taxes or replace an accountant.
How do I download my tax pack and receipts?
On the Business page, open Tax year, pick the year and choose Download the tax pack for an Excel workbook of your business figures. Receipts download as a zip for the whole year or one quarter. It's a record to work from, not tax advice or a filed return.
How do I keep business money separate?
On the Accounts page, open an account's menu and choose Mark as business. Its money then stays out of your personal totals, and a tag beside each page title lets you switch between personal, business or everything. Included with Thrive and Thrive Duo.
How do I mark transactions as business?
Open a transaction, choose Business, then pick Personal, Business or Part business and check its tax line. You can also mark many at once from the Transactions page's bulk bar, or let a rule mark every match for you.
How does Finly Money handle GST/HST?
If you're registered, tell the Business page's Settings how often you file and whether your prices include tax. Finly Money works out the tax on your sales, counts input tax credits only from amounts you type from receipts, and lists your return dates.
How does the business budget work?
On the Business page's Budget tab, set a monthly revenue target, a budget for each kind of cost and your own pay. It tracks what things cost the business, which isn't always what you can deduct, and it stays separate from your personal budget.
Still need help?
Our team answers every request, usually within 1–2 business days.