Products / Accounting
Red Leaf Accounting
Canadian double-entry accounting where the ledger is the product, not a by-product. Every document posts a balanced journal entry, every report drills back to it, and the tax engine knows what province you are in.
What is included
The whole accounting cycle, in one system
Nothing here is an add-on or a higher tier: every plan carries the full ledger and the full tax engine.
Sales and receivables
- Sales quotes that convert to invoices
- Invoices with per-line tax treatment
- Credit notes and customer refunds
- Receipts and payment allocation
- A/R aging that reconciles to the control account
- Customer records, contacts and statements
Purchases and payables
- Vendor bills with approval workflow
- Bill payments and partial allocation
- Vendor records and contacts
- A/P aging tied to the ledger
- Recurring bills and templates
- Expense claims with attachments
Banking
- Statement import and a review queue
- Rules that categorise as lines arrive
- Automatic matching against documents
- Reconciliations that must reach zero
- Multiple bank and credit card accounts
- Cleared-versus-book balance at any date
Tax
- GST, HST, PST, RST and QST
- Effective-dated rates — never hard-coded
- Compound tax (QST on GST) handled exactly
- Recoverable versus expensed input tax
- Filing periods with a return working paper
- A tax subledger that ties to the control accounts
Reporting
- Balance sheet and profit and loss
- Cash flow that ties to cash movement
- Trial balance and general ledger detail
- Budget versus actual
- A/R and A/P aging
- Tax summary and tax detail
Control and close
- Fiscal periods you can open, close and lock
- Posted entries reversed, never edited
- Immutable audit trail of every change
- Role-based access enforced server-side
- Read-only client files for review
- Document numbering per company
What makes it different
Rigour you can check, not just claim
- Money is stored as integer cents — never a floating-point amount
- Tax rates are stored to six decimal places, so 9.975% QST is exact
- A reconciliation cannot be finished while a difference remains
- A posted journal entry is reversed, never silently edited or deleted
- Assets always equal liabilities plus equity — the app checks continuously
- Every report figure links through to the entries behind it
Set up for your province
When a company is created, Red Leaf provisions a Canadian chart of accounts, the tax codes that apply where you are registered, and open fiscal and filing periods. You can start invoicing immediately instead of spending a week building a ledger.
- Chart of accounts
- Canadian service-business template, editable
- Tax codes
- GST/HST/PST/QST for your province, effective-dated
- Fiscal periods
- Prior, current and next year opened
- Filing periods
- Monthly, quarterly or annual
- Currency
- CAD, with tabular figures throughout
Ready to see it on your own numbers?
Pick a plan and your environment is provisioned in minutes, or ask us for a walkthrough first.