In development · Early access
Bookkeeping that fits each business.
Kitab keeps a business’s books, costs and taxes in one place, set up for Quebec and Canada. Kitab is a working name, and it is a product of Ethical investment inc.
- Trial balanceBalanced
- Duplicate checkNone found
- Growth
- Profitability
- Liquidity
- Cash
- Activity
In development, early access first
Set up for CRA and Revenu Québec
Manual entry first; automation comes later
Who it is for
Built for the way these businesses work
Small businesses
Keep the books, costs and taxes in one place.
Production businesses
Follow raw materials, direct labour and overhead by cost center.
Self-employed people
Configure only what a one-person business needs.
Bookkeepers and accountants
Review the books with a trial balance, duplicate checks and reports.
How it works
Five steps for every business
Add the business
Create it with its type, registration and sales tax numbers.
Set it up
Accounts, taxes, cost centers and the indicators to track.
Enter the data
Financial, management (costing) and fiscal entries.
Verify
Check with a trial balance and duplicate checks.
Report
Generate financial, cost-center and fiscal reports and the KPI dashboard.
What’s inside
Set up for each business
Every business has its own setup, from production businesses with cost centers to self-employed people.
Chart of accounts
Start from a template and add your own accounts, with suppliers and customers for payables and receivables.
Cost centers
For production businesses: raw materials, direct labour and manufacturing overhead.
Units of measure
Conversion between the units a business buys, makes and sells in.
CRA and Revenu Québec profile
A tax jurisdiction profile with sales tax setup: GST/QST, ITC/ITR.
Fiscal accounts
Capital cost allowance (CCA) categories and corporate tax rate parameters.
KPIs
Choose which indicators to track for each business.
Reports
One set of entries, every report
Financial statements
Balance sheet, income statement and statement of equity.
Cost-center reports
Raw materials, direct labour and overhead by cost center.
Fiscal reports
Sales tax balance, taxable income reconciliation and fiscal account balances.
KPI dashboard
Growth, Profitability, Liquidity, Cash and Activity.
Quebec and Canada
Both tax vocabularies, side by side
Work in Quebec mixes English and French terms. This is how they line up.
| English | French | What it is |
|---|---|---|
| GST | TPS | Federal sales tax |
| QST | TVQ | Quebec sales tax |
| ITC / ITR | CTI / RTI | Credits and refunds for sales tax paid on purchases |
| CCA | DPA | Tax depreciation on assets, by category |
| Trial balance | Balance de vérification | Debits checked against credits |
Optional module: Zakat & Compliance
Off by default and switched on per business. It classifies accounts as halal, haram or mixed, calculates zakatable assets against nisab, and tracks interest purification. Methods differ between schools of thought, so the method is chosen in the module.
Where Kitab is, and what it doesn’t do
- Kitab is in development. There is no working product yet, only a requirements document and a functional design.
- The first phase is manual data entry. Bank feeds, document scanning and payments are planned for later phases.
- Kitab is planned to produce filing-ready exports. It does not file with CRA or Revenu Québec for you.
- Pricing isn’t set yet.
Questions
Before you ask
Can I use Kitab today?
Not yet. Kitab is in development: there is a requirements document and a functional design, but no working product. Early access comes first.
Will Kitab file my taxes for me?
No. Kitab is planned to produce filing-ready exports. You or your accountant still file with CRA and Revenu Québec.
Which taxes is it set up for?
Federal and Quebec: a CRA and Revenu Québec profile with GST/QST, ITC/ITR, capital cost allowance and corporate tax rate parameters. Rates are parameters for each business, because they change.
Do I have to enter everything by hand?
At first, yes. The first phase is manual entry. Bank feeds, document scanning and payments are planned for later phases.
Is the Zakat module required?
No. It is off by default and switched on per business.
What will it cost?
Pricing isn’t set yet. We will announce it before launch.
Who makes Kitab?
Kitab is a product of Ethical investment inc. Yusr is a separate product. Kitab is a working name and may change.
Interested in early access?
Kitab is in development. Send us a message and we will reply once messaging opens. You can also follow us on LinkedIn.
Kitab is a product of Ethical investment inc. Yusr is a separate product.