accpac simply accounting 9.0 Benutzerhandbuch

Chapter 21:  End of Year and Tax Period 

User Guide    21–7 

 

SWU9UG 19-21.doc, printed on 1/8/02, at 1:24 PM. Last saved on 1/8/02 11:54 AM. 

If you will receive the refund later, use the Receipts window to 
record receipt of the payment when it arrives. Select the tax 
authority, and then enter the receipt as you normally would for 
any invoice. For more information on receiving a cheque for an 
invoice, see “Receiving Payment for Goods and Services” in 
Chapter 13.  

 

End of a Contract Payment Reporting Period 

In Canada, if your company’s primary activity is construction, 
you must file a T5018 form to report amounts paid to 
subcontractors for construction services. You can use Simply 
Accounting to print the information needed for this form.  

You must file the report within six months of the end of your 
reporting period, which can be a calendar year or a fiscal year. 
For more information about the T5018 form, contact the Canada 
Customs and Revenue Agency.  

1.  In the vendor record, in the Tax ID field, enter the 

subcontractor’s Business Number or Social Insurance 
Number. Simply Accounting will print this number on the 
T5018 form.  

2.  In the Home window, on the Reports menu, choose Vendors 

and Purchases, then Print T5018 Slips.  

3.  Select the vendors and the year you want. 

4.  Select T5018 Summary, T5018 Statements, or both. You must 

submit both when you file your report with the Canada 
Customs and Revenue Agency.  

Moving from an old calendar year to a new one (from 
December 31 to January 1) affects only payroll. Simply