Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
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 Switch Accounting Software Without Losing Your Data
Switching accounting software does not have to mean lost history or missed deadlines. This guide gives Canadian teams a step-by-step migration process that protects payroll, tax, and audit data.
CRA Payroll Trust Account: What It Is and How It Works
The CRA payroll trust account is the source deductions account employers use to hold CPP, EI, and income tax withheld from employees. Here's how remittances, penalties, and tracking work in Canada.
Debt to Equity Ratio for Canadian Businesses
A practical guide to the debt to equity ratio for Canadian businesses: what it measures, how to calculate it, why lenders care, and how to improve your leverage.
How to Respond to a CRA Audit in Canada
A practical guide to responding to a CRA audit in Canada, including deadlines, document organization, payroll and GST/HST checks, and building an audit trail that stands up to review.
Accounts Payable Aging Report: Canada Guide
Learn what an accounts payable aging report in Canada is, how to read it, common errors, and how Awditify keeps the report current with automation.
How to Set Up CRA Direct Deposit for Business in Canada
Find out how to set up CRA direct deposit for your Canadian business, what bank details you need, and how to update or cancel it.
Profit Margin Calculation Canada Business: How to Do It
Learn how to calculate profit margins for a Canadian business, avoid common GST/HST traps, and see a worked example from an Ontario contractor.
Financial Ratios for Small Business in Canada
Learn which financial ratios for small business in Canada matter most, how to calculate them, and how to spot cash flow trouble before it becomes a missed CRA payment.
CRA My Account vs My Business Account: Canada Guide
Understand the difference between CRA My Account and My Business Account, including registration, access, key features, and representative options for Canadian businesses.
PSAB Financial Statements: A Plain-Language Municipal Guide
A plain-language introduction to PSAB financial statements for Canadian municipalities, covering the required statements, key differences, and steps to avoid year-end chaos.
How to Do a Budget Variance Analysis in Canada
A practical Canadian guide to budget variance analysis: what it is, how to calculate it, and how to turn variances into decisions.