Who does Accountific serve?

Accountific serves food business owners across Canada — including coffee shops, bakeries, food trucks, and restaurants. If you run a food or beverage business and need bookkeeping, payroll, or tax compliance support, Accountific can help.

What bookkeeping services does Accountific offer?

Accountific offers three core services: weekly bookkeeping to keep you informed of your finances in real time, payroll processing covering gross pay, tips, stat holidays, EI, CPP, and CRA remittances, and full tax compliance including GST, PST, payroll deductions, Liquor Tax, and WorkSafe filings.

Does Accountific use Xero?

Yes. Accountific is a Xero Partner. They use Xero's cloud-based accounting software along with automation tools to make the bookkeeping process simple, seamless, and straightforward for food business owners.

How do I get started with Accountific?

Getting started is easy. Book a free consultation at https://calendly.com/davidmonteith to tell David about your business. He will review your specific needs, then engage to set up or review your existing books and automate the process going forward.

How often will my books be updated?

Accountific provides weekly bookkeeping — not annually, not quarterly, and not just monthly. This means you always have an accurate, real-time picture of your business finances.

What is Accountific's process?

Accountific follows a four-step process: (1) Book a consultation to review your specific needs; (2) Engage — begin setting up or reviewing your existing books; (3) Automate — use automation to make the process simple and seamless; (4) Control — accurate, complete books put you in charge of your business finances.

Who is the founder of Accountific?

Accountific was founded by David Monteith, a digital entrepreneur with over three decades of experience in business management, accounting, and small business finance. He is also the CFO of Great Work Online, a digital marketing agency focused on Toast POS marketing activation for independent restaurants in Canada and the US.

Does Accountific handle CRA remittances?

Yes. As part of payroll services, Accountific accurately calculates and submits CRA payroll remittances on time, covering EI, CPP, and income tax deductions.

Blog - Accountific

Why Your Restaurant Gift Card Program Is a Hidden Cash Flow Strategy

by David Monteith | Jun 29, 2026

TLDR: Converting Customer Liabilities Into Continuous Financial Control Most Canadian restaurant operators treat gift card sales as immediate revenue and absorb the cash directly into operating expenses. The Excise Tax Act and the Income Tax Act treat those...

Secure Your Margins Against CRA Scrutiny

by David Monteith | Jun 22, 2026

Protecting Your Restaurant’s Profit Margin: The Ultimate Defence Against Aggressive CRA Audits TLDR The Canada Revenue Agency actively targets restaurants for unreported cash income using aggressive net worth audits and harsh penalties for point-of-sale...

Are You Exposed? 7 Hidden Insurance Gaps Costing Canadian Restaurants

by David Monteith | Jun 15, 2026

The Hidden Insurance Gaps Leaving Restaurant Owners Personally Bankrupt TLDR Summary Standard commercial insurance policies leave Canadian restaurant owners exposed to catastrophic financial risks. Generic packages routinely omit employment practices liability,...

Why Being Open Seven Days a Week Is Your Biggest Financial Mistake

by David Monteith | Jun 8, 2026

The Financial Case for Closing Your Restaurant One Day a Week TLDR Summary Operating a restaurant seven days a week frequently destroys profit margins by forcing owners to subsidize historically slow days with weekend revenues. By strategically closing on the slowest...

Your Restaurant’s Catering Contract Is Costing You More Than You Think

by David Monteith | Jun 1, 2026

Why the Catering Contract Your Restaurant Signs Is a Financial Liability TLDR Summary Event deposits received by restaurants are taxable for GST/HST purposes at the exact time they become non-refundable, not at the time of the event, which frequently causes...

Accountific Named One of the 45 Great Accounting Websites by Future Firm

by David Monteith | May 25, 2026

Canada’s bookkeeping specialist for food businesses earns a spot on a respected industry roundup — alongside a nod to the team that designed and built the site. We have some news worth celebrating. Accountific has been featured in “45 Great Accounting Websites to Take...

How To Secure Your Restaurant’s Finances Before a Medical Emergency

by David Monteith | May 25, 2026

What Happens to Your Restaurant When You Can’t Run It TLDR Most Canadian restaurant owners have spent years building something that cannot function without them — and have done nothing to prepare for the day they physically cannot show up. A medical emergency...

Why Your Restaurant POS System Is Lying to You About Your Actual Sales

by David Monteith | May 18, 2026

TLDR: The Data-Driven Framework for Restaurant Survival: Mastering Prime Cost and Menu Engineering Canadian restaurant operators frequently rely on point-of-sale terminals to measure daily financial success. These terminals exclusively report gross revenue, completely...

Don’t Sign Your Restaurant’s Lease Renewal Until You Audit These 3 Hidden Expenses

by David Monteith | May 11, 2026

TLDR: The Financial Preparation You Need to Stop Your Landlord from Stealing Your Profits Commercial lease renewals present a critical financial vulnerability for food business operators across Canada. Landlords utilize compounding rent escalation clauses, unaudited...

Are You Running Your Restaurant, Or Is It Running You?

by David Monteith | May 4, 2026

Are You an Operator or a Business Owner? What Your Restaurant’s Numbers Reveal TLDR Canadian food and beverage entrepreneurs face severe economic pressures requiring a fundamental identity shift. Transitioning from a reactive operator to a proactive owner...