Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
Debt to Equity Ratio for Canadian Businesses
A practical guide to the debt to equity ratio for Canadian businesses: what it measures, how to calculate it, why lenders care, and how to improve your leverage.
Accounts Payable Aging Report: Canada Guide
Learn what an accounts payable aging report in Canada is, how to read it, common errors, and how Awditify keeps the report current with automation.
Profit Margin Calculation Canada Business: How to Do It
Learn how to calculate profit margins for a Canadian business, avoid common GST/HST traps, and see a worked example from an Ontario contractor.
Financial Ratios for Small Business in Canada
Learn which financial ratios for small business in Canada matter most, how to calculate them, and how to spot cash flow trouble before it becomes a missed CRA payment.
CRA My Account vs My Business Account: Canada Guide
Understand the difference between CRA My Account and My Business Account, including registration, access, key features, and representative options for Canadian businesses.
What Is a Journal Entry? Canada Accounting Explained
Understand journal entries in Canadian accounting, from debits and credits to GST/HST and payroll, and see how automation prevents month-end errors.
GST/HST for Construction Services in Canada: A Practical Guide
A practical guide to GST/HST for construction services in Canada: when to charge tax, how holdbacks work, ITCs, filing deadlines, and common pitfalls to avoid.
What Is a Trial Balance? Canada Accounting Guide
A trial balance is the report that verifies your debits equal your credits. Learn what it is, how to prepare one, and why it matters for Canadian businesses and municipalities.
How to File a GST/HST Return in Canada Online
Filing your GST/HST return online in Canada means getting your sales, purchases, and input tax credits in order first. This guide walks through the CRA process and shows how accounting software can help.
GST/HST Quick Method: Is It Right for Your Business?
Learn how the GST/HST Quick Method works for Canadian small businesses, including eligibility, rate mechanics, and whether it actually saves you money.
Bookkeeping for Home Daycare Canada: A Complete Guide
A practical guide to bookkeeping for home daycare Canada: the accounts you need, the expenses you can claim, and the software that makes it manageable.
Bookkeeping for Driving Schools in Canada
Learn how Canadian driving schools should manage bookkeeping, from GST/HST and instructor pay to vehicle expenses. See how Awditify automates the work.