Small Business Bookkeeping Services in Toronto
Let us safeguard your business financial records, reduce errors, and provide valuable insights.
Toronto Bookkeeping Firm
8-hour (or better) response times
Monthly Profit & loss statements
Electronic Receipt Submission platform
Reliable Bookkeeping Service for your Small Business in Toronto
Are you a small business owner in Toronto? We provide essential support for your small business in bookkeeping tasks. Our team of Chartered Public Accountants (CPAs) ensures that your financial records are accurately recorded and up-to-date to protect your business from potential losses or threats. You can trust our team of bookkeepers and accountants as we have over 7 years of experience in bookkeeping in Toronto.
Bookkeeping Services in Toronto
It is essential to research and choose a reputable bookkeeping firm. One Accounting has over 7 years of experience in bookkeeping services in Toronto. We’re not limited to one industry, we’re your partner across them all. Let’s discuss how we can help you with your bookkeeping needs!
Accurate bookkeeping is essential for the long-term success of any organization. It is critical to maintain a clear and up-to-date financial picture. One Accounting makes sure that the records are arranged for every organization so that you can focus on what you do best and provide you with reliable accounting functionalities and processes. The bookkeeping experts in our firm have the knowledge, expertise, and experience to help you manage your books without any hassle.
We designate a dedicated accountant to assist you at each stage of the bookkeeping process. The expert accountants handle all aspects of bookkeeping for your company, such as recording monthly sales and costs, preparing financial statements, reconciling bank accounts, and more. Other than Monthly Bookkeeping services, One Accounting offers Payroll Services, Personal Tax and Corporate Tax services in Toronto, Oakville, Hamilton and the rest of Ontario.
What Our Monthly Accounting Services Include
Bookkeeping Services for Toronto Business
Our professional licensed accountant will assist you with:
- Record and categorize financial transactions
- Bank & Credit Card Reconciliations
- Profit & Loss reports (monthly or quarterly)
- Designated Bookkeeper (always works with the same person)
- HST Filing and related reviews
- Cloud-based accounting software & receipt submission
- 8 Hour (or better) response times
- Year End Audit/Review Support (including CRA)
- Dedicated Accountant
- Annual financial statements and tax planning.
What Our Clients Say
Top Questions Asked About Bookkeeping
Our specialized bookkeepers in Toronto are dedicated to providing tailored solutions that empower businesses across diverse industries. Toronto’s financial regulations are unique, and our team is well-versed in local tax laws and industry standards. We help you stay compliant while optimizing your financial strategies for success in this dynamic city. Let us handle the bookkeeping complexities while you focus on your business growth!
Yes. We will manage all components of your payroll services.
The processes cover
- Direct Deposit payments,
- CRA remittances,
- T4 returns,
- and a variety of other services.
We provide bundled services so you don’t have to search for other professionals. However, bookkeeping services and taxes can be handled by independent professionals.
Your bookkeeper will configure your accounting software correctly. They will then process and categorize all of your transactions under the business objectives.
The bookkeeper will also prepare bank reconciliations to ensure accuracy. Moreover, we will generate monthly profit and loss statements to report the business’s performance.
As a business owner, it is necessary to maintain accurate financial records of your company’s transactions. It means you must have a complete record of all the transactions and bank reconciliations.
Bookkeeping assists you to analyze business performance, determine how lucrative it is, and identify areas for improvement.
With accurate bookkeeping records, filing taxes becomes efficient and simplified. Clean and consistent bookkeeping is crucial for businesses looking to attract investors and get funding.
The cost of a bookkeeper in Toronto can vary based on factors such as the complexity of your business and the level of expertise required.
A bookkeeper is responsible for processing accounting records and maintaining them. This includes recording transactions, allocating spending, reconciling bank accounts, and filing HST taxes.
Accountants are responsible for various complicated tasks such as financial reporting, tax planning, and tax return completion and submission.
Accountants’ analytical skills also provide valuable insight into the functioning of your firm. At One Accounting, we offer both bookkeeping and accounting services.
No, bookkeepers are not responsible for filing your tax returns. This requires more specialized knowledge to guarantee that all feasible tax deductions are claimed and tax regulations are followed. Our CPAs (Chartered Professional Accountants) are the best candidates for this. Refer to our Corporation Tax services pages for details.
Yes, you need to have accurate bookkeeping records available for inspection by CRA. This can be digital and cloud-based. We typically deal with any CRA queries and requests on your behalf since you don’t need that pain.
We offer flexible and tailored pricing options for our comprehensive bookkeeping services in Toronto. Our pricing is designed to accommodate the unique needs of each client.
Please contact us to schedule a consultation and receive a personalized quote for our professional bookkeeping services.