Best practices for Mastering Quicken software


Obtain Authority

Establish Legal Authority

Engagement letter

Determine CRA Authorization Level 1, 2, Power of Attorney, Executor, etc.

Complete Forms, T1013, RC59

Monitor Election deadlines

Registration with My Account, Represent a Client or My Business Account

Access Information from client or their financial advisors

Accounts

Assets including prepaids and receivables, registered and unregistered accounts

Insurance
 
Liabilities

Income

Expenses

Ask informed questions

What do you own?

What do you owe?

Insure?

Cash in?

Cash out?

Compliance?

Keep current

Update

Reconcile

Report in Draft

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