Bookkeeping Services
Good and reliable bookkeeper can be hard to find and retain. That’s where we come in. As one of the top accounting firms, we offer accurate and affordable online bookkeeping services (also called cloud bookkeeping or virtual bookkeeping) to businesses and non-profit organizations across Canada.
Streamlined bookkeeping process
We use the latest cloud accounting system to create streamlined processes to save you time and fit your business needs. Our dedicated bookkeeper will manage your business financial records regularly, reducing the time and effort required on your end.
Improved financial visibility
We deliver monthly financial statements so you can see how your business is performing and get actionable insights. These include Income Statement and Balance Sheet. The chart of accounts will also be set up to help you make better, more informed decisions to achieve your business goals.
Simplified Year-End
We know year-end can be stressful for business owners, especially if the financial records are not up-to-date. With our online bookkeeping services, your books will be current, accurate, and reconciled. You’ll have tax-ready financials to share with your Chartered Professional Accountant (CPA) to file the business tax return on time.
Access to financial data anytime, anywhere
We use cloud accounting software like Quickbooks Online and Xero to maintain your books so you can focus on business development on the go and access financial reports anytime, anywhere online. Experience all the benefits of working with a virtual bookkeeper: easy access, visibility, enhanced security, information backups, and more.
Our Online Bookkeeping Services Include:
- Record and categorize financial transactions
- Bank and credit card accounts reconciliation
- Monthly financial statements (Income Statement and Balance Sheet)
- GST/HST sales tax filing - monthly, quarterly, or annually
- Record payroll journal entries on salary, wages, and payroll taxes remitted
- Paperless accounts payable management
- Accounts receivable verification for cash flow management
- Business financial performance and profitability guidance
- Tax audit support and CRA representation
- All-in-one payroll services
How Our Bookkeeping Services Work
- You'll be working with a dedicated bookkeeper.
- After each month is complete, we’ll process the business transactions based on bank feeds downloaded in Quickbooks Online or Xero.
- If we have questions about the financial information, we’ll create a transactions list in Excel and send it over for you to clarify.
- The completed transactions list shall be uploaded to our secure client portal along with other relevant supporting documents.
- The bookkeeping tasks are usually done 2-3 weeks after the month-end, after which we'll send over the monthly financial statements (income statement and balance sheet) for you to review the company’s performance for the previous month.
- Questions can be clarified via our secure client portal or email, but you can also arrange to set up a call or Zoom meeting.
What Our Clients Are Saying About Us
We are superior to an average online accounting firm and deliver some of the best online bookkeeping services in Canada. But don’t just take our word for it, here is what some of our clients have to say:
Need Bookkeeping Support?
We’ve got you covered! Contact us for a consultation. We will go over the ins and outs of the financial information and provide you with a free quote during the call.
Behind on Your Books?
Whether you’re months or even years behind, our catch-up bookkeeping service makes it easy to get caught up. You’ll have up-to-date financials ready for tax filing.
Behind on Your Books?
Whether you’re months or even years behind, our catch-up bookkeeping service makes it easy to get caught up. You’ll have up-to-date financials ready for tax filing.
Frequently Asked Questions
Here's a list of commonly asked questions about our bookkeeping services.
Bookkeepers process financial transactions of your business throughout the year to ensure the books are accurate, reconciled, and up-to-date. Accountants analyze financial data at year-end to create financial statements (e.g. Compilation Engagement Report, or formerly Notice to Reader) for corporate tax preparation (T2), lending institutions, investors, or other stakeholders.
The cost of outsourced bookkeeping services depends on several factors, such as industry, complexity of transactions, and volume of transactions. Contact us to receive a custom quote based on your bookkeeping needs.
No, we don’t charge by the hour. All fees are agreed upfront so there are no surprises. Our support team offers complimentary support on all general inquiries related to the online bookkeeping services we provide to you.
Don’t worry, you are not alone! Many small businesses struggle to stay on top of their books. We help our clients get back on track and we can help you do the same. We’ll require historical bank statements or existing financial data to assess the scope of service.
We’ll get started right away after our contract is signed. We’ll send over a list of tasks for you to complete (mostly providing information to us) based on your existing system and bookkeeping process we learned from our initial call. The bookkeeping setup and onboarding would also depend if any catch-up bookkeeping is required.
Absolutely not. You can cancel the bookkeeping services at any time with 20 days notice. We want you to stick around because you love our service, not because we’ve locked you into a contract.
Quickbooks Online and Xero are our preferred cloud accounting systems for online bookkeeping.
All of our team members are located in Ontario, Canada.
