Stay CRA-Compliant Year-Round
Without the Bookkeeping Hassle
Managing a business in Canada is a balancing act. But bookkeeping isn't just about organizing receipts for the CRA; it’s about knowing exactly where your cash is going today so you can make smarter decisions for tomorrow.
Online Bookkeeping for Every Stage of Your Business
Every industry has its own rhythm. We provide tailored online bookkeeping that adapts to how you actually work, ensuring your specific financial hurdles are cleared before they become headaches.
Trading and Retail
Daily sales reconciliation, inventory and POS integration, multi-location reporting, and accurate COGS and shrinkage tracking to show true margins.
E-commerce Stores
Marketplace reconciliation (Shopify, Amazon, Etsy), payment fee allocation, inventory tracking, multi-currency recording, sales tax compliance.
Technology Firms
Revenue recognition, project revenue tracking, time billing reconciliation, contractor payments, and client-level expense allocation, with WIP tracking to prevent revenue leakage.
It happens more often than you think. Whether you’re six months behind or haven’t looked at a ledger in two years, we specialize in catch-up bookkeeping. We move quickly to reconstruct your financial history, reconcile old bank statements, and get you current.
If your current books are “messy” with misclassified entries, our bookkeeping clean-up service untangles the knots, ensuring your historical data is accurate before it hits your tax return.
Get Monthly Bookkeeping Done Right
Don’t wait until tax deadline to discover your books are a mess. By keeping your records updated in real-time, we can alert you to potential GST/HST liability before it becomes a surprise bill. We offer monthly or quarterly reviews to discuss your cash flow trends, helping you decide when it’s safe to hire, invest in new equipment, or increase your owner’s draw. Regular upkeep prevents backlogs and ensures financial information is always ready when needed.
How Our Online Bookkeeping Partnership Works
Initial Consultation
Bank statements, receipts, invoices, and payroll reports are shared through secure online platforms.
Account Reconcile
Transactions are recorded, accounts reconciled, and discrepancies resolved consistently.
Financial Reporting
Receive a monthly "Financial Health Check" with easy-to-read reports delivered to your inbox.
CRA Record‑Keeping and Support
If the CRA requests a review of your Input Tax Credits (ITCs) or a full books-and-records audit, the first thing they ask for is your general ledger and supporting receipts. We act as your first line of defense. Because our online bookkeeping system stores digital copies of every transaction, we can provide the CRA with organized, professional responses immediately. We stand by our work, representing your business to ensure your record-keeping meets every regulatory standard.
Our Real Stories... Our Reputation
Want Clear, Organized Financials Without the Hassle?
FAQs
Most frequent questions and answers
Excel is a manual process prone to human error and lacks a proper “audit trail,” which the CRA looks for. Modern cloud bookkeeping software automates data entry, connects directly to your bank for accuracy, and stores digital receipts—saving you hours of manual work.
Complete transaction recording, daily bank reconciliation, accounts payable management, accounts receivable tracking, monthly financial statements (P&L, balance sheet), general ledger maintenance and financial report review calls.
Bookkeeping focuses on daily transaction recording, data entry, reconciliation and maintaining accurate financial records. Accounting involves financial analysis, tax planning, strategic advisory and compliance reporting based on bookkeeping data.
Catch-up bookkeeping reconstructs months or years of unrecorded transactions from bank statements, receipts and invoices. Timeline depends on backlog volume – typically 2-6 weeks for one year of records with organized source documents.
CRA requires all sales invoices, expense receipts, bank statements, credit card statements, payroll records and general ledger details for six years minimum. Digital records are acceptable if organized and accessible.
Ready to File Your Taxes Online? Serving All of Canada From Toronto to Vancouver, Calgary to Halifax
+1 647-243-2884
available from 10:30 – 22:30
40 Wynford Dr Suite 301, North York, ON M3C 1J5, Canada
Email info@instaccountant.com