Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
Capital Dividend Account (CDA) in Canada Explained
A comprehensive guide to the Capital Dividend Account (CDA) in Canada, covering mechanics, pitfalls, and how to streamline management with Awditify.
Building an Accounting Firm Brand in Canada: A Practical Guide
A practical guide to building an accounting firm brand in Canada, covering strategy, operations, and technology choices that reinforce trust.
Municipal Software for Ontario Municipalities: Local Requirements Checklist
A comprehensive checklist of local requirements for municipal software in Ontario, covering PSAB compliance, property tax management, utility billing, and key features for small to mid-sized towns.
Accounts Payable vs Accounts Receivable: A Plain-Language Guide for Canadians
A clear explanation of accounts payable and accounts receivable for Canadian businesses, including cash flow impacts, tax considerations, and tips for automation.
Deferred Revenue Explained for Canadian Businesses
Deferred revenue is a liability that arises when you collect payment before delivering goods or services. This article explains how Canadian businesses should recognize, track, and report deferred revenue under ASPE and IFRS.
Awditify vs Karbon: Practice Management Compared for Canadian Firms
A practical comparison of Awditify and Karbon for Canadian accounting firms, covering workflow automation, payroll, tax compliance, and municipal finance features.
Training New Staff at a Canadian Accounting Firm: A Practical Guide
Onboarding new staff? Learn how Canadian CPA firms can streamline training with structured workflows, PSAB familiarity, and integrated tools like Awditify.
What Is an Income Statement? Canada Guide
An income statement shows your revenue, expenses, and profit over a period. This Canada guide breaks down the components, common adjustments, and how to automate your income statement preparation.
What Is a General Ledger? Canada Business Guide
A clear, practical guide to the general ledger for Canadian business owners, bookkeepers, and accountants. Covers structure, compliance, and best practices.
How to Build a Healthy Client Mix for Your CPA Firm in Canada
Canadian CPA firms need a balanced client mix to thrive. This guide covers why it matters, how to assess your current clients, and strategies to optimize for profitability and fit.
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.
What Is Double-Entry Bookkeeping? Canada Explained
Double-entry bookkeeping is the foundation of accurate Canadian accounting. This guide explains the rules, shows a worked example, and covers common pitfalls for small businesses and municipalities.