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.

contribution margin Archives

Your Restaurant Is Subsidising Someone Else’s Brand — And Your Books Are Hiding It

by David Monteith | Mar 9, 2026

The Restaurant Menu Is Paying for Someone Else’s Brand TLDR: Hidden Subsidies in Collabs, Influencers, and “Exposure” Smart operators treat every collaboration as a distinct business line. Exposing the true cost of influencer marketing requires...

Why Your Full Restaurant Could Lose Money This Valentine’s

by David Monteith | Feb 9, 2026

Beyond the Prix-Fixe: How to Engineer a High-Contribution Valentine’s Experience TL;DR: Engineering a Profitable Valentine’s Weekend 2026 Valentine’s Day 2026 falls on a Saturday, immediately followed by the Family Day long weekend in many provinces. While a...

Steer Your Canadian Restaurant to Absolute Profit with Weekly Financial GPS

by David Monteith | Nov 24, 2025

Financial Specialisation: Mastering Cash Flow and Profitability Section I: Core Identity & Brand Knowledge Base: The Mandate for Financial Specialisation The Canadian foodservice industry is defined by an inherent and escalating financial complexity. Unlike...

Why Your ‘Cheap’ Restaurant Merchant Account Is Your Most Expensive Mistake

by David Monteith | Oct 27, 2025

Stop Overpaying: Your Guide to Choosing a Restaurant Merchant Account in Canada That line item on your monthly report for ‘Merchant Fees’ feels like a black box, doesn’t it? It is a significant expense. It is also one of the least understood costs in...

While Competitors Close Their Patios, Yours Could Earn an Extra $15,000 This Fall.

by David Monteith | Aug 11, 2025

Your Patio Is an Untapped Goldmine. Here’s How to Earn an Extra $15,000 This Fall. Every year, I see the same pattern across restaurants in Canada. As soon as Labour Day passes and the first chill hits the air, the patio furniture gets stacked, covered, and forgotten....

Your Restaurant Is Subsidising Someone Else’s Brand — And Your Books Are Hiding It

Why Your Full Restaurant Could Lose Money This Valentine’s

Steer Your Canadian Restaurant to Absolute Profit with Weekly Financial GPS

Why Your ‘Cheap’ Restaurant Merchant Account Is Your Most Expensive Mistake

While Competitors Close Their Patios, Yours Could Earn an Extra $15,000 This Fall.

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