Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
Bookkeeping Fundamentals
Difference Between Cash and Accrual Accounting Canada
Cash accounting tracks money when it moves; accrual accounting tracks obligations when they happen. This guide explains the Canadian rules and how to choose the right method.
By Hamed Rashnoo·
Bookkeeping Fundamentals
What Is Accrual Accounting? Canada Guide for Businesses and CPAs
Accrual accounting records revenue when earned and expenses when incurred, giving a more accurate financial picture. This guide explains the principles, Canadian tax and regulatory requirements, and how to implement it effectively.
By Sara Tatalu·
GST/HST & Sales Tax
How to Account for Prepaid Expenses in Canada
A practical guide to accounting for prepaid expenses in Canada, covering journal entries, amortization, GST/HST treatment, and CRA rules. Includes a worked example and common mistakes to avoid.
By Sara Tatalu·