How to reconcile Shopify transactions in Canadian bookkeeping?
Start by exporting detailed Shopify transaction data and ensure it includes key information such as order ID, date, total amount, taxes, and…
What accounting software works best with Shopify in Canada?
Choosing the right accounting software is key to managing finances efficiently and staying compliant with Canadian tax regulations.…
How do accountants charge for their services in Canada?
Choosing the right accountant in Canada requires understanding their billing methods. Most professionals offer clear, upfront estimates…
What are the bookkeeping best practices for digital product sales in Canada?
Maintain detailed records of all digital product transactions, including sales dates, amounts, and client information. Accurate documentation…
How much should a small business budget for accounting in Canada?
Many small businesses in Canada should allocate between $1,500 and $5,000 annually for basic accounting services. This range covers…
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 are the internal control requirements for Canadian businesses?
Establishing clear internal control procedures helps organizations safeguard assets, ensure accurate financial reporting, and maintain…
How to prepare for a financial audit in Canada?
Begin by organizing all financial records including bank statements, receipts, invoices, and payroll documentation. Ensure that these…
What are the record-keeping requirements for CRA in Canada?
Maintaining accurate and comprehensive records is essential for businesses to stay compliant with the Canada Revenue Agency (CRA). Proper…