Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
How to Prepare for Year-End Accounting in Canada
Practical steps to prepare for year-end accounting in Canada, including reconciliations, payroll, GST/HST, and document organization. Start early and avoid the scramble.
How to Record Credit Card Expenses in Canada: A Practical Guide
Recording credit card expenses in Canada requires tracking GST/HST, categorizing mixed-use charges, and reconciling statements. This guide covers best practices, common mistakes, and how Awditify simplifies the process.
How to Record Owner Drawings in Canada: A Step-by-Step Guide
Owner drawings are common in Canadian small businesses but often recorded incorrectly. This guide explains the proper journal entries, tax consequences, and best practices for tracking drawings.
Managing Difficult Clients at a CPA Firm: A Canadian Guide
Discover proven approaches for managing difficult clients at Canadian CPA firms. From setting clear expectations to knowing when to part ways, this guide covers it all.
How to Record a Business Loan in Accounting Canada
Recording a business loan correctly in Canadian accounting requires understanding principal versus interest, amortization schedules, and CRA rules. This guide walks through journal entries, Canadian-specific considerations, and common pitfalls.
How to Set Up Accounting for a New Business in Canada
A practical guide for Canadian small business owners and their accountants on setting up accounting from day one, including tax registration, bank feeds, and payroll.
How to Create a Chart of Accounts in Canada: A Practical Guide
Learn how to create a chart of accounts for your Canadian business, CPA firm, or municipality. Step-by-step instructions, examples, and best practices avoid common mistakes.
How to Record Sales Tax in Canadian Bookkeeping
A practical guide to recording sales tax in Canadian bookkeeping, covering GST/HST/QST/PST setup, ITCs, remittance deadlines, and common pitfalls.
How to Reconcile a Bank Account in Canada: Step-by-Step Guide
A complete step-by-step guide to bank reconciliation in Canada, covering documents, process, common challenges, and when to automate.
Advisory Engagement Management for CPAs Canada: A Practical Guide
A practical guide to advisory engagement management for Canadian CPA firms. Learn how to move from reactive compliance to proactive advisory with the right tools.
Notice to Reader Software Canada: A Buyer's Guide for Accounting Firms
A practical guide for Canadian accounting firms on choosing notice to reader software. Covers key features, common challenges, and how Awditify automates engagement management from client portal to final report.
Compilation Engagement Workflow Canada: Best Practices for 2026
A compilation engagement workflow in Canada involves specific steps under CSRS 4200. This guide covers best practices, common pitfalls, and how Awditify can help CPA firms streamline the process.