How to track inventory for e-commerce businesses in Canada?
Implementing real-time inventory management systems significantly improves order accuracy and reduces stockouts for Canadian e-commerce…
Is flat-rate or hourly billing better for accounting services in Canada?
For accounting firms operating in Canada, selecting the right billing approach directly impacts cash flow, client satisfaction, and overall…
What GST/HST rules apply to e-commerce in Canada?
For e-commerce sellers operating in Canada, applying the correct Goods and Services Tax (GST) and Harmonized Sales Tax (HST) rates is crucial…
How to account for marketplace fees in Canadian e-commerce?
Proactively negotiating for lower commission rates with marketplace platforms can significantly boost your profit margins in Canada’s…
How to handle cross-border sales in Canadian e-commerce accounting?
Implement clear processes for tracking international transactions to ensure accurate tax reporting and compliance. Keep detailed records of…
How to handle returns and refunds in e-commerce accounting in Canada?
Establishing clear procedures for processing returns and issuing refunds ensures accurate financial reporting and maintains customer trust. It…
What expenses can e-commerce businesses deduct in Canada?
Running an e-commerce business in Canada offers numerous opportunities to reduce taxable income by claiming eligible expenses. From inventory…
What financial reporting is required for non-profits in Canada?
Proper financial documentation is crucial for non-profit organizations operating in Canada. Meeting the specific reporting requirements set by…
What is materiality in Canadian financial reporting?
Focus on evaluating which financial information significantly influences the decisions of users; precise assessment of materiality enhances…
What is the PSAB and who must follow it in Canada?
Following the Public Sector Accounting Board (PSAB) standards is a requirement for most Canadian public sector entities to ensure…