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Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
CRA Electronic Records Rules in 2026: A Small Business Checklist
CRA’s September 2026 GST/HST memo clarifies electronic-record retention, readability and system controls. Use this checklist to test your business’s files, backups and audit trail. By Hamed Rashnoo Read article
Difference Between Cash and Accrual Accounting Canada
Cash accounting tracks money when it moves; accrual accounting tracks obligations when they happen. This guide explains the Canadian rules and how to choose the right method.
How to Account for Inventory Shrinkage in Canada
Inventory shrinkage is the gap between what your books say you own and what you actually have on hand. Here is how to calculate it, record it, and defend it in a CRA review.
How to Manage Late Payments: Canada Small Business Guide
Late payments can cripple a small business. This guide covers how to manage late payments small business Canada, from clear terms to automated follow-ups and legal options.
Ontario Business Registration Guide 2026
A practical guide to registering a business in Ontario in 2026. Covers legal structures, CRA requirements, and how digital tools like Awditify can simplify the process for entrepreneurs and their accountants.
Common Journal Entries for Canadian Small Businesses Explained
A practical guide to common journal entries for Canadian small businesses, covering sales, payroll, GST/HST, prepaids, accruals, and correcting entries with real-world examples.
FreshBooks Review Canada 2026: Is It Still the Right Choice?
Thinking of using FreshBooks for your Canadian business in 2026? This review covers its strengths, key limitations for Canadian tax and payroll, and why a dedicated platform like Awditify may serve you better.
Minimum Wage by Province in Canada (2026 Updated Guide)
A practical guide to 2026 minimum wage rates by province in Canada, including a full rate table, payroll compliance tips, and how to avoid costly errors.
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.
GST/HST Quick Method: When It Saves Canadian Businesses Money
The GST/HST Quick Method simplifies remittance for small businesses. This guide explains eligibility, calculation, and whether it saves you money.
Bookkeeping for Subcontractors in Canada: A Practical Guide
A practical guide to bookkeeping for subcontractors in Canada, covering classification, CRA obligations, common pitfalls, and how automation can save time and reduce errors.Subscribe to our newsletter
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