--- title: "Bookkeeping in Mission BC | Bookkeeper for Small Business" url: https://www.everstonecpa.com/bookkeeping-mission description: "Monthly bookkeeping for Mission, BC small businesses and incorporated owners — reconciled books, GST filed on time and a year-end. Ask for a fixed fee." type: service-in-a-city updated: 2026-10-08 summary: "Bookkeeping for an equipment-based Mission business means maintaining a fixed asset register, splitting loan payments between principal and interest, and coding fuel and repairs to the machine that incurred them. EverStone keeps those books remotely at a fixed monthly fee. Monthly bookkeeping starts at $325 a month, GST/HST filing included." faq_count: 6 publisher: EverStone CPA Inc., a Chartered Professional Accountant firm registered with CPA British Columbia and CPA Alberta service_area: British Columbia, Alberta, Ontario and Manitoba language: en-CA contact: info@everstonecpa.com · https://www.everstonecpa.com/book-online --- [Home](https://www.everstonecpa.com/) Mission Bookkeeping · Mission # Bookkeeping for *Mission* businesses When a business owns machines rather than stock, the fixed asset register is the part of the ledger that decides whether the numbers mean anything. EverStone keeps books for [Mission businesses](https://www.everstonecpa.com/accountant-mission) remotely, at a fixed monthly fee. [Get My Fixed Quote](https://www.everstonecpa.com/book-online)[Ask a Free Question](https://www.everstonecpa.com/quick-question) **Quick answer:** Bookkeeping for an equipment-based Mission business means maintaining a fixed asset register, splitting loan payments between principal and interest, and coding fuel and repairs to the machine that incurred them. EverStone keeps those books remotely at a fixed monthly fee. Monthly bookkeeping starts at $325 a month, GST/HST filing included. Monthly bookkeeping for Mission businesses starts from $325 a month, with payroll and GST/PST filings handled in the same package. The same invoice can be defensible either way — but only once. ## The asset register is a ledger, not a list Most equipment owners have an asset list, usually a spreadsheet last touched at the last purchase. A real register records each machine's date, cost, invoice, later additions, and how it left and for what. Without one, depreciation is rebuilt yearly from memory and disposals are missed, so a departed machine keeps claiming deductions it is not entitled to. ## Deciding what gets capitalized Repair or improvement is a monthly judgement in an equipment business, and it needs a consistent policy. Restoring a machine to its previous condition is generally a current expense; materially improving it or extending its life is generally capital. A rebuilt engine, new attachment or hydraulic upgrade each needs a decision and recorded reasoning, since the same invoice can be defensible either way. A sensible dollar threshold for expensing removes most argument and keeps drill bits out of the register. ## Loan payments are two entries, not one A financed equipment payment is not an expense. Part repays principal and reduces the liability; only the interest is a cost. Posting the whole payment to expense overstates costs, freezes the loan balance and makes the balance sheet meaningless. The split changes monthly as the loan amortizes, so take it from the lender’s schedule. For a Mission operator with several financed machines, this is the correction most often needed. ## Cost by machine, not just by category Fuel, repairs, tires, permits and operator time usually go to one account each, showing total fleet cost but not which machine is losing money. Tracking cost by unit, via classes, sub-accounts or job tags, answers a real question: is the old excavator worth another season? It also explains the annual repair figure. No new software is needed, just a coding structure decided before transactions start. ## Work in progress across a month end Equipment work is rarely invoiced the day it ends, so one month shows costs without revenue, the next the reverse. It evens out yearly but ruins monthly decisions. Record unbilled work at the close and reverse it on invoicing. See [Cash versus accrual accounting](https://www.everstonecpa.com/blog/cash-vs-accrual-accounting-canada). ## PST on the machines themselves BC charges 7% [PST](https://www2.gov.bc.ca/gov/content/taxes/sales-taxes/pst) alongside the 5% GST, and for an equipment business the key effect is on purchases. PST on a machine for business use is generally not recoverable, so it is part of the asset's cost and depreciated with it. Booking it as recoverable overstates refunds and understates the asset. The two taxes have separate registrations and returns, and the ledger must keep them apart. ## How a Mission operator keeps the register straight Equipment records reach the register the day they happen, so nothing is rebuilt in March. EverStone is a fully virtual, one-CPA firm with no Mission office. Invoices, lender schedules and disposal records arrive by upload or phone photo. The register keeper prepares the depreciation on [the corporate return](https://www.everstonecpa.com/corporate-tax-accountant-mission), so they agree. See [Monthly versus annual bookkeeping](https://www.everstonecpa.com/monthly-vs-annual-bookkeeping). ## Working with a Mission bookkeeper People search for a bookkeeper rather than for bookkeeping, and the difference is a fair one: you are hiring a person, not a service line. Here is who does the work and what happens on your file. EverStone’s bookkeeping team keeps your books; the CPA who signs your year end reviews them, which a standalone bookkeeper cannot offer. It matters on borderline calls: repair or capital? Salary or dividend? Real subcontractor? Decided once, correctly. The moment there are employees, [payroll in Mission](https://www.everstonecpa.com/payroll-services-mission) becomes the recurring obligation. Keeping the books accurately and knowing what they mean are different jobs, and it is worth being deliberate about [which level of finance support you actually need](https://www.everstonecpa.com/bookkeeper-controller-or-cfo). Monthly: transactions coded and reconciled, receipts matched, GST tracked as it accrues, and a short readable report. Problems surface that month, not at year end. You are not passed between people. One firm holds the bookkeeping and the year end, so nothing is explained twice and nothing falls between two providers, which is where most Mission owners we speak to have lost time before. If [fractional CFO in Mission](https://www.everstonecpa.com/cfo-services-mission) and [Mission GST filing](https://www.everstonecpa.com/gst-hst-filing-mission) is the more pressing job, start there instead. Books kept monthly are what make filing season short. See [getting the Mission returns filed](https://www.everstonecpa.com/personal-tax-accountant-mission) for how the returns themselves are prepared and filed. About this article **EverStone CPA** Prepared and reviewed by a CPA at EverStone CPA, serving businesses in BC, Alberta, Ontario and Manitoba. Updated September 2026 . [About the firm](https://www.everstonecpa.com/about) · [Send an enquiry](https://www.everstonecpa.com/book-online) ## What gets done, and when What gets done, and when A monthly engagement, not a shoebox in March — for a business operating in Mission, British Columbia | Cadence | What we do | | Monthly | Transactions categorized, bank and credit card accounts reconciled, source documents filed | | Quarterly | GST/HST return prepared and filed, where you report quarterly | | Annually | Books closed and handed clean to the year-end file | | Ongoing | Payroll entries and owner draws tracked so nothing is reconstructed later | | Sales tax where you operate | 5% GST plus 7% BC PST: two registrations, two returns | Source: [Which bookkeeping cadence costs less](https://www.everstonecpa.com/monthly-vs-annual-bookkeeping). General information, not advice. Common questions ## Mission bookkeeping questions **What should a fixed asset register contain?** Each machine with its acquisition date, cost, supporting invoice, any later additions capitalized, and what happened on disposal. Without that the depreciation schedule gets rebuilt annually from memory and disposals get missed. [Ask about your case →](https://www.everstonecpa.com/quick-question) **Is a rebuilt engine a repair or a capital cost?** It turns on whether the work restores the machine or materially improves or extends it: generally expense versus capital. Record why when you decide. [See the published fees](https://www.everstonecpa.com/pricing). **Why is my equipment loan payment not fully deductible?** Because only the interest portion is a cost. The rest repays principal and reduces the liability. Posting the whole payment as an expense overstates costs and leaves the loan balance on the balance sheet frozen at its original amount. **Is the PST on a new machine recoverable?** Generally no. PST paid on equipment bought for use in the business is usually a real cost that forms part of the asset and is depreciated with it, unlike GST which is generally recovered as an [input tax credit](https://www.everstonecpa.com/glossary). **Do you have an office in Mission?** No. EverStone works online and keeps Mission books remotely. Invoices and lender schedules are uploaded or photographed from the yard, and nothing needs to be delivered in person. **Do you work with businesses outside Mission itself?** Yes. Books for businesses in Hatzic, Silverdale, Stave Falls and Deroche are kept exactly as Mission ones are: bank feeds, receipts through a secure upload link, and the same fixed monthly fee. ## Related services and local guides Nearby cities, the rest of what we do for Mission businesses, and the reference pages behind this one. [In-house or outsourced bookkeeping?](https://www.everstonecpa.com/in-house-vs-outsourced-bookkeeping) [Equipment accountant in Mission](https://www.everstonecpa.com/equipment-accountant-mission) [Bookkeeping health check Score your books out of 100 across reconciliation, receipts, payroll, GST/HST and year-end readiness.](https://www.everstonecpa.com/bookkeeping-health-check) [Home business accountant in Mission](https://www.everstonecpa.com/home-business-accountant-mission) [Retail accountant in Mission](https://www.everstonecpa.com/retail-accountant-mission) [Trades accountant in Mission](https://www.everstonecpa.com/trades-accountant-mission) [Bookkeeping in Aldergrove](https://www.everstonecpa.com/bookkeeping-aldergrove) [Bookkeeping in Langley](https://www.everstonecpa.com/bookkeeping-langley) [Bookkeeping in Maple Ridge](https://www.everstonecpa.com/bookkeeping-maple-ridge) [Personal tax (T1) in Mission](https://www.everstonecpa.com/personal-tax-accountant-mission) [Corporate tax (T2) in Mission](https://www.everstonecpa.com/corporate-tax-accountant-mission) [Financial statements in Mission](https://www.everstonecpa.com/financial-statements-mission) [How often to do the books Which cadence actually costs less](https://www.everstonecpa.com/monthly-vs-annual-bookkeeping) [QuickBooks vs Xero in Canada](https://www.everstonecpa.com/quickbooks-vs-xero-canada) [Accountants across British Columbia](https://www.everstonecpa.com/accountant-british-columbia) [British Columbia tax facts](https://www.everstonecpa.com/bc-tax-facts) [Accountants in the Fraser Valley](https://www.everstonecpa.com/accountant-fraser-valley) [Sample fixed-fee quote](https://www.everstonecpa.com/sample-quote) [Bookkeeping across the Fraser Valley](https://www.everstonecpa.com/bookkeeping-fraser-valley) ### Starting fees Every fee is fixed in writing before any work begins. - **Monthly bookkeeping, GST/PST filing included** from $325 a month *This page* - **Payroll, remittances, T4s and ROEs** included in monthly bookkeeping - **Books, payroll and the year-end T2 together** $500–$700 a month - **Corporate year-end and T2 return** fixed fee, quoted in writing - **Personal tax return (T1)** from $125; self-employed or rental $275–$500 - **Catch-up bookkeeping** from $2,200 per year of records - **Controller or CFO support** controller from $1,650, CFO from $2,750 a month - **One-off advice call with a CPA** $225 plus GST [Get My Fixed Quote](https://www.everstonecpa.com/book-online?service=monthly#enquiry-form) --- Source: https://www.everstonecpa.com/bookkeeping-mission Prices: https://www.everstonecpa.com/pricing · Contact: info@everstonecpa.com · https://www.everstonecpa.com/book-online