Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
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.
Accounting for Strata and Condo Corporations Canada: A Practical Guide
A comprehensive guide to accounting for strata corporations in Canada, covering financial reporting, reserve fund management, common challenges, and software recommendations.
Audit Engagement Management Software Canada: The CPA Firm's Guide
Discover how audit engagement management software can transform your Canadian accounting firm. From automated bank feeds to PSAB reporting, Awditify helps you close engagements faster and with fewer headaches.
GST/HST for Export Sales in Canada: A Practical Guide
A practical guide to GST/HST on export sales in Canada, covering zero-rating conditions, documentation requirements, provincial nuances, and how Awditify streamlines compliance.
Accounting for Construction Holdbacks in Canada: A Practical Guide for Contractors and Accountants
Construction holdbacks are a standard part of Canadian construction contracts, but they create accounting complexities. Learn how to track, report, and release holdbacks, and how Awditify can automate the process.