A proper double-entry journal with a 38-account chart of accounts mapped to correct T2125 lines, generating a live P&L and balance sheet — the structure an accountant expects, at a spreadsheet price.
What's inside
- Double-entry journal with balance checks that catch errors as you post
- 38-account chart of accounts mapped to correct T2125 line numbers (v1.1 corrected the line canon)
- Auto-generated profit & loss and balance sheet
- Year-end handoff your accountant will actually thank you for
Accuracy you can check: every tax figure and line number in this sheet was re-verified against CRA-published figures in July 2026 (v1.1), the same way our free calculators are tested — read how we verify. Purchases include lifetime updates.
FAQ
Is this overkill for a freelancer?
If you just need expense tracking, the $19 Expense Tracker is enough. Choose this when you want real books — e.g. planning to incorporate or wanting a balance sheet.
Do I need accounting knowledge?
Basic comfort with debits/credits helps; the template's balance checks keep you honest while you learn.
Save more with the bundle: all 6 paid tools for $99 (worth $129).
Get the Template — $29 CAD → See the Bundle →Pairs well with
- 📋 Tax Deduction Checklist — 86+ cra-eligible deductions with calculators — free.
- 📊 Expense Tracker — log expenses all year; tax season becomes a copy-paste.
- 🧾 HST/GST Tracker — know exactly what you owe the cra each quarter.
- 💰 Free Tax Calculator — see your full tax + CPP bill first
Templates provide estimates and organization for planning purposes — not tax, legal, or accounting advice. Confirm with the CRA or a qualified professional before filing.