Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
Best Accounting Software for Retail in Canada 2026
Retail businesses face unique accounting challenges, from inventory tracking to multi-province sales tax. This guide covers the key features you need and why Awditify is the top choice for Canadian retailers in 2026.
SR&ED Tax Credit Canada: A Practical Guide for Claimants
A comprehensive guide to the SR&ED tax credit in Canada, including eligibility, eligible expenditures, filing process, and tips for maximizing your claim.
Awditify vs Wave for Small Business in Canada: Which Fits?
A side-by-side comparison of Awditify and Wave for Canadian small businesses and accounting firms. Learn which platform handles Canadian payroll, GST/HST, and client workflow better.
How to Set Up Bookkeeping for a New Canadian Business
A practical guide to setting up bookkeeping for a new Canadian business, including accounting methods, chart of accounts, GST/HST registration, payroll setup, and monthly reconciliation.
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.
What Is a Balance Sheet? Canada Explained Simply
A balance sheet shows your company's financial position at a point in time. This Canadian guide explains assets, liabilities, and equity with real examples and practical tips.
What Is Gross Profit Margin? Canada Business Explained
Gross profit margin is a key metric for Canadian businesses. This article explains what it is, how to calculate it, and how to use it to improve profitability.
Overtime Rules in Canada: How Provincial Laws Vary for Employers
Overtime rules vary significantly by province in Canada. This guide breaks down thresholds, rates, averaging agreements, and exemptions to help employers stay compliant.
Year-End Payroll Reconciliation in Canada: A Complete Guide
A practical guide to year-end payroll reconciliation in Canada for accountants, bookkeepers, and business owners. Covers CRA deadlines, common pitfalls, and how automation simplifies the process.
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.
How to Account for a Vehicle Purchase in Canada: A Business Guide
A practical guide for Canadian businesses on accounting for vehicle purchases, covering capital vs expense, GST/HST input tax credits, CCA, and how to streamline the process with Awditify.
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.