Invoicing
Getting an invoice out the door correctly the first time.
How to charge GST/HST on an invoice
Which tax, whose province, and where the numbers go. All 13 provinces and territories.
Contractor invoice requirements
Progress claims, holdbacks and change orders — what trades invoices need beyond the basics.
When a client doesn't pay
The escalation path, small claims limits by province, and writing off a bad debt properly.
What must be on a Canadian invoice
The required fields, the tax breakdown, and the registration number rules.
What to include on an invoice
A plain checklist of every element, with the reasoning behind each one.
Taxes and records
Sales tax, receipts, and what you are required to keep.
What records to keep, and for how long
The six-year rule and when it actually starts, plus what a receipt must show.
How to register for GST/HST
When registration becomes mandatory and how to do it.
GST/HST calculator
Work out the tax on any amount, in any province.
Mileage deduction calculator
Current per-kilometre rates and what a compliant log needs.
Bookkeeping
Keeping books that reconcile — and that someone else can read.
Getting your books ready for your accountant
What to hand over, what to reconcile first, and the gaps that cost the most in billable hours.
What double-entry accounting means
Why every entry has two sides, and what that catches.
Cash vs accrual accounting
Which basis applies to you and how the two differ in practice.
Small business accounting in Canada
How the pieces fit together for a small Canadian business.
Tracking business expenses
Capturing costs as they happen so nothing is lost by year end.
Financial reports
The statements your business runs on.
Reading an income statement
Revenue, expenses and what profit actually tells you.
Reading a balance sheet
What you own, what you owe, and what is left.
Cash flow statements
Why a profitable business can still run out of money.
The general ledger
The record every other report is built from.
Trial balance basics
The check that confirms the books balance before you report on them.
Put it into practice
iBill applies the right provincial tax automatically, keeps proper double-entry records underneath, and produces the reports your accountant asks for. Free to use, no credit card required.
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