Moving Legacy Data to New Accounting Software
When you retire legacy systems and move to new accounting software in Canada, the CRA still expects you to keep your records for six years…
Mixing Financial and Non-Financial Metrics in Canada
Financial metrics tell you what happened. Non-financial ones, like repeat customers or late deliveries, tell you why. The useful trick is to…
Employee Advances in Canadian Accounting
Employee advances are treated as pay, not as loans. The CRA says a payroll advance on future earnings is generally employment income in the…
ROI Metrics for Accounting Technology in Canada
The ROI numbers worth tracking for accounting technology are hours saved, errors avoided, payback period and total return on what you spent.…
Preparing for the Next Generation of Accounting Software
Before you move to newer accounting software, check three things: that it can file the returns you owe, that it keeps your records readable…
Digitizing Accounting in Canada: Where Firms Slip Up
Digitizing accounting processes goes wrong in a few predictable places: records the CRA can’t read, scans that don’t meet the…
Accounting for Gig Workers: Records and Tax Set-Asides
Gig economy accounting comes down to three habits: keep every payout and expense record, set money aside for tax as you earn it, and watch the…
Data Privacy Laws and Canadian Accounting Firms
Data privacy laws affect Canadian accounting in one plain way: client files are personal information, so you have to protect them, use them…
Digital Accounting Compliance in Canada and CRA Rules
Yes, you can keep your books digitally in Canada, and the CRA accepts it on conditions. The main one is that electronic records must stay…
Manitoba bookkeeping: RST, records and returns
Bookkeeping requirements in Manitoba are built around one tax the other Prairie provinces treat differently: the 7% retail sales tax, or RST.…