Every invoice, expense and payment posts to a proper double-entry ledger behind the scenes — so your Profit & Loss, Balance Sheet and the rest are real accounting, ready the moment you need them.
You record the business; LQID keeps the ledger and turns it into real statements on demand.
Behind every invoice, expense and payment, LQID writes a balanced double-entry ledger — proper debits and credits. Your statements are real accounting, not a rough tally.
Double-entry, automaticProfit & Loss, Balance Sheet, Trial Balance, General Ledger and Cash Flow — generated for any date range, on demand. No month-end close, no waiting.
P&L · Balance Sheet · TB · GL · Cash FlowClick any figure to see the exact transactions behind it — right down to the general ledger. Nothing is a black box.
Trace every figure to sourceCSV or PDF, mapped to the T2125 — clean enough to hand to your accountant, drop into your year-end packet, or bring to a lender for a loan application.
Accountant & year-end readyExport every statement anytime, in formats any accountant or other software can read. No lock-in — stored in Canada.
Accounts line up with the Canadian self-employed tax form, so year-end is a hand-off, not a rebuild.
Your books are real; tax set-asides are estimates — always verify with your accountant before you file.
Profit & Loss, Balance Sheet, Trial Balance, General Ledger, and Cash Flow — for any period you choose.
Yes — every transaction posts balanced debits and credits, so your books actually balance, the way an accountant expects.
Yes — export to CSV or PDF, mapped to the T2125, so your accountant can pick up exactly where you left off.
No — these are your books and financial statements. They make year-end and filing easy, but your accountant still files the return.