Online Bookkeeping Services in Toronto, Ontario
Save time & money!
Enjoy the same quality bookkeeping, taxes and payroll services as big firms, but automated, online,
and at a fraction of the price.
Our professional bookkeepers will save you time by managing your accounting and delivery insight into your business finances.
Over 7+ years of bookkeeping experience in Toronto, Ontario
Over 50+ Businesses Served in Toronto, Ontario
WHAT YOU GET
Compliance and Reporting
Leave the tax, deadlines, and filing with CRA to us while you do business. Our online bookkeeping services ensure you pay the right tax and stay compliant.
Dedicated bookkeeper
You’ll work with a dedicated professional to streamline your business’s bookkeeping. Pay the right tax from day one with our online service.
Real-time data, daily
Get insight on your cash flow daily in real-time, with professional bookkeeping services to help you make sense of it all.
Easy-to-use software
Online software where all your important business documents are stored in one, safe place. Our software helps you manage bookkeeping effortlessly.
The Service Details
Monthly Financial Reports
Monthly emailed Profit/Loss, Balance Sheet, Statement of Cashflow.
Bookkeeping cleanup, catchup, maintenance
Behind on prior year bookkeeping? No worries! We will cleanup, get you caught up, and maintain your books.
Bank Reconciliations
Accurately reconciled bank statements so you never miss a transaction.
Filing Sales taxes (HST/GST/PST)
Review, prepped and filed for you sales taxes with every plan.
Payroll runs
Manage payroll with Wagepoint and ensure employees never miss their paycheque while you stay compliant.
A/R and A/P tracking
We will help you track who owes you and who you need to pay with reporting and tools.
Bookkeeping transfers / switch overs / conversions
Switching over to a different accounting software? No worries. We will help you navigate a smooth transition without missing a beat.
Accounting email management
Let us handle your accounting email while you focus on growing your business.
Why Us?
So you feel fully in control of your business finances
Experts on your side
Get a personal accountant for your business from day one. Our Canadian-based team helps founders get their taxes right from the start. Any questions? Get a response through email within 24 hours.
Get Clear on Cashflow
With our real-time dashboard, your cash flow info is at your fingertips. Quickly see the money you have, what you owe, and how much you’re owed.
Pay the right tax
We help you stay on top of your finances. We keep track of deadlines and remind you about sales taxes and other compliance needs. Plus, our experts handle tax returns and filing, so you’re free to focus on your business.
We are experts with these online business softwares
Client Testimonials
★★★★★
The perfect Accountant! He help me out with all my questions. I will recommend it and work again with him! Thank you so much Samuel. You are the best
Lucia
★★★★★
I needed someone to automate my shopify with Quickbooks. Samuel was able to do this and now I only spend 1 hour per month on bookkeeping. A lot better than the hours I spent trying to figure it all out.
Megan
★★★★★
Paperless Books helped me fix my quickbooks. It was a mess. Quickbooks is too complicated for me so I am grateful they were able to bring it up to date for me.
Kwame
Bookkeeping, Payroll and Tax Service Prices
Our services includes everything for small businesses to self manage, automate or hand over your bookkeeping, taxes and payroll to a trusted team.
Monthly Plans
Lite
<$200K yearly gross revenue
- Monthly bank reconciliations
- Unlimited email/phone support
- Monthly Financial Reports
- Categorizing bank feeds
- Bookkeeping setup & maintenance (Quickbooks or Xero)
- Prep or file HST/GST/PST Sales Taxes
- Catch-up and cleanup ($50 / hour)
Plus
$200K – $500K yearly gross revenue
- Monthly Reconciliations
- Unlimited email/phone support
- Monthly Financial Reports
- Accounts Payable Management
- Accounts Receivable Management
- Bookkeeping setup & maintenance (Quickbooks or Xero)
- Prep or file HST/GST/PST Sales Taxes
- Online receipt management in receipt management software – as neeeded
- Catch-up and cleanup ($50 / hour)
Premium
$500K + yearly gross revenue
- Monthly Reconciliations
- Unlimited email/phone support
- Monthly Financial Reports
- Accounts Payable Management
- Accounts Receivable Management
- Bookkeeping setup & maintenance (Quickbooks or Xero)
- Prep or file HST/GST/PST Sales Taxes
- Payroll Management with Wagepoint (1 – 5 employees)
- Online receipt management in receipt management software
- Catch-up and cleanup ($50 / hour)
Currently serving the following business in Toronto, ON:
Business startups • E-commerce businesses • Freelancers • Consulting businesses • Marketing businesses • Cleaning / Janitorial services • Paralegal Services • Shopify stores • Graphic Designers • Uber / SkiptheDishes businesses • Nail Salon businesses • Retail business • Photographers • Landscape services • Online businesses • Etsy business • Dropshipping business • Inventory businesses • Rental Property business
Online Bookkeeping Service for Businesses Near:
Hamilton • Toronto • Scarborough • Ottawa • Burlington • Mississauga • Brampton • Sudbury • Niagara Falls • Guelph • Sudbury • Oakville • Barrie • London • Peterborough • St. Catharines • Kitchener
Frequently Asked Questions
What types of bookkeeping software do you service?
Bookkeeping softwares to use
Generally speaking, the best bookkeeping software to use for your business depends on multiple factors including: the types of transactions in your business, whether you want to an online or offline software, the size of your business, and even the number of people employed. Most bookkeeping softwares in the market are more than capable of handling the bookkeeping needs for small to medium sized businesses.
We recommend choosing a software that is flexible, has automation features, is easy to learn, and accessible 24/7. These bookkeeping software require little to know effort to setup, and can integrate with multiple softwares to allow for automated accounting tasks. One such software is Xero, WaveApps, or Quickbooks.
How is a bookkeeper different from an accountant?
Bookkeeping vs Accounting
A bookkeeper handles the day to day of your accounting tasks including recording and classifying your company’s financial transactions such as sales, payroll, payment of bills, etc. Their focus is on accurate record keeping with less focus on the analytics.
Accountants on the other hand are more involved with the analysis of the recorded transactions. They will help you understand what your financial reports mean and advice on way in which you can improve your business. Accountants generally do not handle the day to day accounting tasks. Rather they more so oversee the tasks done by bookkeepers to ensure their accuracy.
This does not mean a bookkeeper cannot provide or analysis your financial statements. Nowadays, bookkeepers are more than equipped based on experience to provide advice on your business especially when it comes to process management.
What types of businesses do you service?
Types of businesses
Currently, we are servicing small and medium sized businesses with transactions ranging from 50 – 10,000 per month
How often should I do my bookkeeping?
Bookkeeping frequency
Bookkeeping for your business should be done at least ones per month or weekly depending on the number of transactions you have for your business.
A business with transactions in the hundreds can get away with doing bookkeeping once a month. If you have transactions ranging in the thousands, you should consider doing bookkeeping at least once a week.
Do you do accrual or cash basis bookkeeping?
Accrual vs cash basis bookkeeping
In Canada, most businesses are generally required to do accrual based bookkeeping. This is the recording standard required by CRA and are acceptable for international accounting regulations.
How often should I report my sales tax?
Sales tax frequency
The reporting period of your sales tax is determined by Canada Revenue. You can look into the your CRA business account to find information about the timing of your sale tax reporting.
Do I need to report my business on my personal tax?
The only time you need to report your business’ income on your personal tax is if you are self-employed or in a partnership type business. If your business is incorporated, you will need to file a corporate tax return and a personal tax return separately.
I use a different accounting software than what your website advertises. Can you still do my bookkeeping?
Bookkeeping software
Absolutely! One of the things were are great at is being able to adapt to different account software in the market.
Simply let us know where you left of with your previous bookkeeper and we will take care of the rest.
How secure is my personal information with your business?
Online bookkeeping security
Every software we use to manage your bookkeeping is equipped with a multi-layer online security system. This includes two-step authentication, online storage, encryption and security warnings. We will brief you on these precautions during our on-boarding meeting.
Originally posted on May 14, 2023 @ 5:54 pm