Books & compliance

The books, already speaking CRA

The CRA wants your financials in GIFI codes, and every year somebody rebuilds that mapping by hand. SeroBooks suggests codes per account, lets you bulk-accept or override one by one, and keeps the mapping alive as the chart evolves.

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What you get

✓
Suggested mapping
Sensible GIFI codes proposed for your accounts.
✓
Accept in bulk, fix by hand
One click for the obvious; per-account control for the judgment calls.
✓
Stays current
New accounts prompt for codes — the mapping never rots.
✓
Accountant-ready
Your accountant reviews a done schedule instead of building one.
serobooks.app / t2 gifiLive

GIFI is a mapping, not a mystery

The CRA's T2 return wants your accounts expressed as GIFI codes. SeroBooks holds the mapping on the chart itself: every account with its assigned code, and — until you assign one — a suggested code derived from the account's type and name, shown with what the CRA calls it. 102 accounts, each with a suggestion waiting to be accepted or corrected.

Suggestions are advice, deliberately: only a code you assign is ever exported, because a guessed code filed to the CRA is exactly what this screen refuses to do.

Accept all, then fix the exceptions

Accept-all-suggestions maps the routine ninety percent in one click; the screen then shows what is still unmapped, and the handful of judgment calls get made by a human — usually your accountant, in minutes. From-column transparency shows whether each suggestion came from the sub-type or the account name.

The GIFI schedule then reads the mapped chart with balances — the year-end export your accountant's tax software imports.

Why this is rare in this class

GIFI preparation is normally where small-business books leave the software and enter the accountant's spreadsheet. Keeping it in the product — beside the CCA schedule and the year-end checklist — means the T2 package assembles from the ledger itself.

It is a feature accountants notice, which is the point: SeroBooks is built to be the software your accountant approves of.

Frequently asked questions

Does SeroBooks file my T2?

No — it prepares the GIFI schedule your accountant or tax software files from. The preparation is the annual pain; that is the part that is now done.

Related

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