Bookkeeping Services for Small Business in Canada
Accurate, up-to-date books every month, done by a CPA-led team in QuickBooks Online or Xero. Virtual bookkeeping for Toronto and businesses across Canada.
Small Business Bookkeeping That Keeps You Tax-Ready All Year
Most owners don’t fall behind on bookkeeping because they don’t care. They fall behind because sales, staff and customers come first. Receipts pile up, bank feeds go unreconciled, and the GST/HST return turns into a scramble. By year-end your accountant is cleaning up twelve months of entries instead of planning your tax.
Our outsourced bookkeeping services fix that with a set monthly routine. We record and categorize every transaction, reconcile your bank and credit card accounts, track what customers owe you and what you owe suppliers, and send you a clean set of financial statements each month. Because we are a virtual bookkeeping firm, you send documents through Hubdoc or Dext and we handle the rest. No paper, no office visits.
When year-end comes, your books are already done. Our corporate tax team can file your T2 from the same file. Want to understand the basics first? Read our guide to bookkeeping basics for Canadian small business owners.
What Our Bookkeeping Services Include
Every monthly bookkeeping plan covers the core work below. We scope extras such as inventory or multi-entity reporting at onboarding.
How Our Virtual Bookkeeping Works
Discovery Call
We review your software, bank accounts, sales tax registration and how far behind (or ahead) the books are.
Onboarding
We connect bank feeds, set up receipt capture, tidy the chart of accounts and agree on a monthly close date.
Monthly Close
Transactions coded, accounts reconciled and questions sent to you in one batch, not a stream of emails.
Reporting
Financial statements and sales tax returns delivered on schedule, ready for your accountant or lender.
Why Business Owners Choose Targeted Accounting
- CPA-led team: every file is reviewed by an accounting manager, not just a junior bookkeeper
- Cloud-first: QuickBooks Online, Xero, Wagepoint, Hubdoc, Dext and Plooto
- Based in downtown Toronto, serving businesses across Canada remotely
- One team for bookkeeping, payroll, tax and advisory, so nothing falls between providers
- Clear monthly deadlines and a named contact who knows your file
Frequently Asked Questions
It depends on transaction volume, the number of bank and credit card accounts, payroll and sales tax filings, and whether the books need catching up first. We quote a fixed monthly fee after a short discovery call, so you know the cost before we start.
A bookkeeper records and reconciles your day-to-day transactions. An accountant uses those records to prepare financial statements and tax returns and to give advice. Our team does both, so your bookkeeping and year-end are handled in one place. See our guide Bookkeeper vs Accountant in Canada.
Yes. We work in both QuickBooks Online and Xero, and we can move you over from QuickBooks Desktop, Sage 50 or spreadsheets with our cloud accounting setup service.
Yes. Catch-up bookkeeping is one of the most common reasons clients come to us. We reconcile the backlog, file any overdue GST/HST returns and then move you onto a regular monthly routine.
Virtual bookkeeping works for most businesses. You upload documents and we work from the same cloud file. We have offices in Toronto and Richmond Hill if you prefer to meet in person.
CONTACT US TODAY!
Bookkeeping, payroll, tax and CFO support from one CPA-led team, with your books kept accurate and your filings on time
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