Blog

A bookkeeping schedule for a Canadian small business can be as light as thirty minutes a week, one monthly close and a check before each tax…

An income statement shows what your business earned and spent over a period, and ends on the profit or loss. If your year brought in $250,000…

The time to hand your books to a professional is when the work stops fitting into your week, or when a filing you can’t afford to get…

The best bookkeeping habit for digital product sales is to record every sale with the customer’s province and the tax you charged on it,…

To set up accounting software for a new business in Canada, get your business number first, pick the fiscal year end, decide whether…

A cash flow statement shows where cash came from and where it went during a period, sorted into operating, investing and financing activities.…

To track inventory for an online store in Canada, you need two things the CRA asks for: a count of the goods you hold for sale at each year…

Virtual accounting means you share your bank feeds, invoices and receipts online, and a bookkeeper or accountant you may never meet does the…

The CPA mentorship program is a required part of the practical experience you need to become a chartered professional accountant in Canada.…

The main tax advantage of incorporating in Canada is a low rate on the first $500,000 of active business profit for a Canadian-controlled…