Skip to content

Starting out with accounting

Not an accountant? These accounting basics can help you launch your startup.


   ARTICLE

Lean practices for startups: Lean accounting

Lean accounting refers to financial data accumulated from lean practices.


   ARTICLE

When to seek advice from your accountant

Accountants can provide a range of advice, from structuring your business to maximizing tax credits to preparing assurance or non-assurance reports.

   ARTICLE

Canadian tax compliance: What startups need to know

Understand the basics of business tax compliance with Canada Revenue Agency (CRA).


   ARTICLE

Financial statements: Choosing accounting standards

To prepare financial statements, businesses need to choose accounting standards that are right for their company’s needs.

   ARTICLE

Keep business and personal finances separate: Avoid common accounting mistakes

A corporation is a separate legal entity: business and personal finances must be kept separate.


   ARTICLE

Business structure basics and financial implications: Corporations and holding corporations

Corporation or a holding corporation? Learn what these structures mean for your business.

   ARTICLE

Accounting roles: Bookkeeper, controller and chief financial officer (CFO)

Learn the difference between a bookkeeper, a controller and a CFO—and at what point your business needs these finance professionals.


   ARTICLE

Business structure basics and financial implications: Sole proprietorships and partnerships

Sole proprietor or partnership? The structure you choose for your business has financial implications.

   ARTICLE

The accounting cycle: Concepts in management accounting

The accounting cycle essentially consists of five steps, most of which are mechanical, but one involves decision-making.


   ARTICLE

Canada’s four business structures: Sole proprietorship, partnership, corporation and cooperative

The four ways to structure your business in Canada.