Equated Accounting - 2026 Pricing, Features, Reviews & Alternatives

Equated Accounting is a web-based accounting platform built for Canadian corporations filing a T2 corporate tax return. It covers the full bookkeeping workflow, including transaction categorization, accounts payable, accounts receivable, receipt resolution, bank and credit account reconciliation with statement-date proofing, month-end close, and a ledger view with merchant tracking. The chart of accounts maps directly to CRA GIFI tax lines, supporting 409 GIFI lines and producing Schedule 100 (balance sheet) and Schedule 125 (income statement) for T2 preparation. The platform is designed for ordinary operating corporations and explicitly excludes farming, fishing, resource extraction, financial institutions, insurance entities, and non-profits.

GIFI codes are displayed alongside account names throughout the platform, so every mapping between the books and the tax return is visible and verifiable against the chart of accounts, prior returns, and the CRA GIFI index. Reconciliation proofs freeze at completion and roll forward, ensuring figures cannot change silently after sign-off. An AI agent is available within the product for bank and credit account reconciliation: users attach a bank statement PDF, and the agent reads the closing balance, compares it to the books, repairs gaps, and completes the reconciliation proof. A ready-made prompt is provided within the product to invoke the agent, and completed reconciliations can be reopened through the same agent if corrections are needed.

The tight coupling between bookkeeping records and CRA tax lines means T2 return figures are traceable back to source transactions, reducing the risk of discrepancies between the general ledger and filed schedules. By combining day-to-day bookkeeping, period-end close, and corporate tax return preparation in a single web-based product, Equated Accounting reduces the need to transfer data between separate accounting and tax applications.