Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
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.
Contractor vs Employee in Canada: The CRA Test Explained
Misclassifying an employee as a contractor can lead to costly CRA reassessments. Learn the four-factor test and how to get it right.
How to Do Accounts Payable for a Small Business Canada
A practical guide to accounts payable for Canadian small businesses, covering vendor management, invoice processing, payments, GST/HST, and how Awditify automates the workflow.
How to Run Payroll for Shareholders in Canada
A practical guide to managing shareholder loan payroll in Canada, covering CPP/EI obligations, tax implications, and how to automate the process with Awditify.
Going Digital with Bookkeeping in Canada: What to Know Before You Start
A practical guide for Canadian business owners and bookkeepers transitioning to digital bookkeeping, covering tax compliance, software features, and workflow tips.
How to Do Your Own Bookkeeping in Canada: A Practical Guide
A step-by-step guide to doing your own bookkeeping in Canada, covering CRA compliance, payroll, GST/HST, and when to use bookkeeping software.
GST/HST Voluntary Registration: Should You Register?
Voluntary GST/HST registration can help small businesses claim input tax credits. Learn who should consider it, how to apply, and how Awditify simplifies the process.
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.
What Triggers a CRA Audit and How Good Records Protect You
A CRA audit can feel overwhelming, but understanding what triggers one and maintaining clean records significantly reduces your risk. This guide covers common red flags, documentation best practices, and what to do if you're selected.
Accounting for Etsy Sellers in Canada: A Practical Guide
A practical guide to accounting for Etsy sellers in Canada, covering GST/HST, income tax, expense tracking, and software automation. See how Awditify simplifies the process.
Bookkeeping for Online Course Creators in Canada: A Practical Guide
A practical guide to bookkeeping for Canadian online course creators, covering GST/HST, platform revenue tracking, and automation with Awditify.
Accounting for Dropshipping Businesses in Canada
A practical guide to accounting for dropshipping in Canada, covering GST/HST complexities, bookkeeping, and software choices for dropshippers and their accountants.