Let’s be honest – bookkeeping can be a real headache, taking valuable time away from the work you’re truly passionate about. That’s where we come in.
Whether you’re a solo entrepreneur, a busy contractor managing multiple projects and teams, or the proud owner of an expanding small business, we are here to support you. From invoicing, expense tracking, reconciliations to payroll and tax preparation. Our online bookkeeping services are designed to meet unique needs of your business. Our in-depth knowledge of Canadian businesses and tax laws ensures you’re taking advantage of every possible deduction, reducing your tax liability, and keeping more of your hard-earned profits.
Why won’t you reduce the costs and hassles of having on premise staff, when you can benefit from online bookkeeping services?
Switching to online bookkeeping isn’t just convenient—it’s transformative.
Did you know that poor bookkeeping can lead to missed tax deductions, cash flow problems, or even penalties? Many small businesses in Canada underestimate the importance of clean, up-to-date financial records. We ensure every transaction is categorized correctly, banks are reconciled, your cash flow is optimized, and your business remains compliant with tax laws.
Beyond having clean and balanced books, you will get professional reports that supports your business at every step.
We have a team of qualified and experienced bookkeepers and accountants. We never say ‘no’ to responsibility, that’s the biggest reason of our clients’ trust in us.
We are reliable, professional and timely.
In a nutshell we become your virtual accountants or virtual bookkeepers, a part of your team. Our services will be tailored to your needs.
All your financials transactions being timely and accurately recorded.
Track invoices and payments effortlessly to maintain positive cash flow.
Simplify employee payments and stay compliant with Canadian tax laws.
Detailed profit-and-loss, cashflow statements and other financials. Custom reports and analysis for management use for decision making.
Consulting and implementation of accounting software to serve processes and needs.
All banks, receivables, payables and inventory related reconciliations.
Dedicated online accountants or online bookkeepers who work on your schedule.
Providing support as accountants to CFOs and financial controllers.
Create and send invoices to customers on time.
Stay ahead with books that are ready for tax season, saving you time and stress.
Ensure every expense, from office supplies to vehicle mileage, is categorized properly.
Preparing periodic financials statements to serve various purposes.
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Let’s get real—bookkeeping is more than just a task. It’s the backbone of your business’ financial success. Here’s why working with us will elevate your business:
Ready to simplify your finances? Let’s get started today.
We literally become your finance and accounts team:
Here are some common issues that can lead to audits or penalties that you definitely want to avoid. By partnering with an expert accountant in rideshare taxes, you can sidestep these pitfalls and focus on what you do best—driving & earning!
Mixing personal and business finances is one of the most common bookkeeping issues. When expenses overlap, it can create a messy financial picture that makes tax time stressful and business decisions unclear.
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Failing to reconcile your bank statements regularly is a bookkeeping mistake that leads to cash flow discrepancies and inaccurate records.
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Failing to properly manage accounts receivable is a common issue for businesses dealing with unpaid invoices. Forgetting to follow up on overdue payments can harm your cash flow.
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It’s easy to overlook small purchases like office supplies, coffee for a meeting, or parking fees. But these small expenses can add up to big tax deductions if properly recorded.
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A lot of our team members, including the founder have worked as incorporated contractors (consultants) for small to large sized organizations in the field of accounting, tax, and management consulting. This exposure makes us better understand the problems faced and the expectations you would have from your accountant as a self-employed.
Misclassifying expenses can distort your financial reports and reduce your ability to claim accurate tax deductions.
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Many small business owners neglect to save financial records, either due to lack of awareness or reliance on outdated systems.
Bookkeeping focuses on recording financial transactions, such as sales and expenses, while accounting involves interpreting, classifying, analyzing, reporting, and summarizing financial data. In short, bookkeeping is a subset of accounting.
Bookkeeping helps you track your income, expenses, and debts, providing a clear picture of your business’ financial health. It also helps you avoid overspending, ensures timely bill payments, and simplifies tax filing.
Ideally, you should update your books weekly. Regular updates prevent errors from accumulating, ensure you stay on top of your finances, and make tax filing smoother.
Common mistakes include mixing personal and business finances, failing to reconcile accounts regularly, neglecting to back up records, and not keeping track of receipts for deductible expenses.
If you’re comfortable with numbers and organization, doing your own bookkeeping is feasible, especially with digital tools. However, if your finances are complex or you’re unsure about tax laws, hiring a professional may save you time and money in the long run.
Double-entry bookkeeping is a system where every financial transaction affects at least two accounts—debits and credits—ensuring the accounting equation (Assets = Liabilities + Equity) always balances. It provides more accurate and reliable financial statements.
Keep receipts organized by category (e.g., meals, travel, office supplies). Consider using digital tools or apps like Zoombooks to scan and store receipts. Regularly review and categorize them to ensure nothing is missed come tax time.
If you find a mistake, correct it promptly by adjusting the affected accounts. For significant errors, consult a professional bookkeeper or accountant to ensure compliance with tax regulations.
For beginners, software like QuickBooks, Xero, or FreshBooks are user-friendly options. These tools often offer templates and automation features to simplify your record-keeping.
Generally, you should keep records for at least 6 years in case of an audit. For tax purposes, Canada Revenue Agency (CRA) recommends keeping documents such as receipts and bank statements for at least 6 years from the end of the tax year they relate to.
Here’s how we work to ensure your bookkeeping stays smooth and efficient: