Award-Winning Bookkeeping Services for Property Management Toronto
You manage the properties; we’ll handle the books. Enjoy minimum tax liabilities on your commissions. From rent tracking to ledger management—we’ve got you!
Focus on Growth. Bookkeeping for Property Management Done Right, Every Time.
Unlock Maximum Earnings.
Save on T2 and commission taxes to boost your net operating income (NOI) by over 20%. Cut tax liabilities and keep more of your earnings.
Reclaim Your Time.
Cut the time you spend on bookkeeping by half by saving over 10 monthly hours. Track rent, fees, and tenant ledgers with our bookkeeping automation.
Avoid CRA Penalties.
Have a sigh of relief as soon as we handle your HST filing. We guarantee 100% compliance with CRA requirements.
Less Stress, More Focus.
Always feel in control. Say goodbye to dealing with numbers and manage everything from your financial dashboard 24/7 to grow your property portfolio.
Our Services: Bookkeeping for Property Management in Toronto
Bookkeeping for property management in Toronto is easy now! Never stress over delayed rent collection or vendor payments again. We keep you safe from costly penalties and high commission income taxes.
Expense & Budget Management
- Real-time budget monitoring with QuickBooks Online or Xero
- Expense categories based on property or unit
- Maximum ITCs on expenses ensuring the lowest HST payable
- Considerable tax savings through Capital Cost Allowance
- Accurate budget variance analysis using property history
Bank Account Reconciliation
- Automated transactions between different bank accounts
- Preventing typos, duplicates, missing entries, and bank errors
- Multiple bank accounts reconciliation in one dashboard
- Automated recurring transactions like utilities and vendor services
Rent Payment Reporting
- Real-time tenant ledger updates 24/7
- Accurate positive cash flow reports
- Monthly rent collection reports with unit-specific details
- Quick rent reminders to tenants 3 days before due dates
Vendor Payment Management
- Handling accounts payable, including vendor invoices
- On-time vendor payments with automatic systems
- Great discounts on early payments and preventing double payments
Security Deposit Compliance
- Precise interest calculations compliant with regulations
- Tenant deposit handling with no discrepancies
- Integration with any property management accounting systems
- Quarterly compliance CRA audits
Financial Reporting
- 100% compliance with Canadian GAAP
- KPI tracking, such as occupancy rates or net operating income
- Professional chart of accounts establishments
- T2 tax return preparation
- Strategic financial planning
Trusted By Toronto’s Top Property Management Firms For Expert Bookkeeping.
We proudly offer full-service accounting for property management in Toronto to reduce taxes on their commissions, optimize cash flow, and grow their portfolios.
Join 50+ Property Managers for Reliable Bookkeeping & Tax Solutions in Toronto.
Focus on your tenants, and let us manage your books. From HST compliance to rent tracking, our property management bookkeeper in Toronto fills all the gaps in your finances.
Hear from our property manager clients who “grow their portfolios, save time, and stay compliant.”
Books You Can Trust.
Stay ahead with our bookkeepers in an industry where 25% of rent payments are delayed.
Save More Money.
Control costs and keep more money in your pocket while we track HST to improve your tax credits.
Peace of Mind.
Enjoy a 24/7 support system with our bookkeeping services for property managers.
See Why Experts Choose Our Bookkeeping for Property Management in Toronto.
100% Satisfaction or No Payment: Toronto’s Bookkeeping for Property Management.
Full Money-Back Guarantee.
You only pay us if you're satisfied with the work we do. And we'll put in a lot of effort to see that through.
CRA Audit Protection.
Afraid of CRA audits? We cover you! If CRA conducts an audit, we will take care of it at no cost.
Know What You’re Getting.
Enjoy clear, up-front pricing so you know what you're paying for.
Why SAL Stands Out for Property Management Bookkeeping in Toronto.
Expert Bookkeeping for Property Management Toronto Across Industries.
Residential Property Managers
Managing security deposits can be complex and may lead to penalties averaging $250 per violation. Fortunately, we help you avoid these compliance fines by automating rent and ledger management.
Commercial Property Managers
Lease agreements, including CAM (Common Area Maintenance), are a big concern. We track your lease payments to ensure compliance with Toronto bylaws and CRA rules and eliminate billing errors to zero.
Airbnb Managers
We know that turnover can stay averaging 3-4 nights, and you don’t want to face it. Our CPA tracks GST/HST filings and prevents fluctuations between peak and off-peak seasons to protect your income.
Real Estate Investment Trust (REIT) Managers
Staying compliant with the Income Tax Act is a burden. Our real estate bookkeeping services in Toronto manage your portfolio and maximize T2 deductions while ensuring full tax compliance.
Housing Project Managers
About 35% of housing projects struggle with improper expense allocation. You can secure your budget and prevent it from exceeding when you let us deal with federal and provincial grants.
Student Housing Managers
40-50% rates regarding tenant turnover for student housing managers are too high. Our bookkeepers know how to track rents and avoid fines averaging $1,000 per incident.
A Message from Our CPA
“Hello, the founder of SAL Accounting here! I know managing properties is complicated, but don’t worry — we’ve got you back! My team and I offer affordable bookkeeping for property management in Toronto, handling everything from rent tracking to HST compliance. We’re dedicated to making your financial management smooth and stress-free so you can focus on managing properties and growing your portfolio.”
M. SALMAN
Partner with Award-Winning Bookkeepers in Toronto
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Bookkeeping for Property Management Toronto
Can you manage separate bank accounts for security deposits?
Yes, we can! Our CPA always suggests that our clients open separate bank accounts for security deposits, including escrow accounts. It eases your access to funds e when residents move out. Our expert bookkeepers can track these accounts to reduce the risk of tax liability.
How do you ensure HST compliance?
We professionally manage and file your HST quarterly to ensure maximum input tax credits. You can trust our CPA to avoid CRA audits and protect your taxable income.
What types of financial reports can you prepare for property management?
Our financial reports include profit and loss statements, balance sheets, cash flow forecasts, and rent rolls that give you valuable data. We analyze KPIs such as Net Operating Income (NOI), Debt Service Coverage Ratio (DSCR), and Cap Rate analysis to help you professionally manage properties. Our CPA updates these reports monthly or quarterly to meet your needs.
Do you support multi-property and multi-entity structures?
Yes, we do. At SAL, we provide our clients with the best Toronto property management accounting for multi-property and multi-entity setups. Our bookkeepers use the most advanced inter-entity reconciliation tools, so we guarantee zero errors in our reports.
I need rent collection and tenant ledger management for multiple properties. Can you handle it?
If you need professional management for multiple properties, you are in good hands. Integrating with your property management software, our professional CPA tracks and updates tenant ledgers and rent rolls in real-time. We improve the Days Sales Outstanding (DSO) rate to help you grow your properties.
How can you control unexpected landlord expenses?
We explain all out-of-pocket landlord expenses to you to prepare you and prevent a lack of funds. Property advertising, background checks and credit reports, utility and maintenance, and property taxes are the most common out-of-pocket expenses. They also become a more important deal when you work with multiple tenants. Fortunately, we can analyze your condition and offer budget forecasting and planning to overcome these challenges.
Can your bookkeepers handle Common Area Maintenance (CAM) charges?
Our bookkeeping services for property management include CAM reconciliation, and we allocate expenses properly among tenants. Our CPA carefully analyzes budgeted CAM costs to ensure compliance with IFRS 16 lease accounting standards.
How do you maintain non-digital transactions?
For digital or non-digital transactions, we’ve got you covered. Our bookkeepers for property managers mail invoices and receive payments via check or cash. You just need to choose your preferred accounting method and leave the rest to our expert bookkeeping team.
How do you guarantee compliance with Toronto regulations?
Our advanced accounting systems can automatically update deposit balances and interest accruals flawlessly. That is how we help you avoid fines averaging $250 per incident and ensure 100% compliance.
How can I find bookkeeping for property management services near me?
SAL is located in the heart of downtown Toronto. Our office is at 330 Bay Street, minutes away from Union Station and the CN Tower.
Schedule a FREE Consultation to Enhance Your Property Management Bookkeeping.
Put an end to spending time on bookkeeping. From tracking rent payments to keeping tabs on repairs, we take care of everything. Don’t hesitate to book your free consultation now!