Bookkeeping Services in Toronto
Our CPA saves Canadian business owners tax money with monthly bookkeeping and HST/GST filing to maximize deductions.
Trusted by Businesses Across Toronto
Not Sure What You Need?
Monthly services in Toronto for Canadian businesses. Pick yours:
Ecommerce Accounting
Monthly bookkeeping, payout reconciliations, and tax compliance for online retailers.
Notice to Reader
Year-end financial statements prepared by a CPA for lenders and investors.
HST/GST Filing
GST/HST registration, filing, and ITC optimization to claim every dollar back.
We Can Help You If…
- Your books are months behind and tax season is always stressful.
- You're missing Input Tax Credits because receipts are lost or wrong.
- You don't know your actual profit; your records are a mess.
- You're worried about a CRA audit but your books aren't ready.
Our Toronto Bookkeeping Services
We offer bookkeeping services built for Torontonians.
Monthly Reconciliations
Bank, credit card, and general ledger reconciliations. Every transaction matched.
HST/GST Compliance
Registration, filing, and maximizing your Input Tax Credits (ITCs).
Payroll & Remittances
Accurate payroll, CPP/EI deductions, T4s, and CRA remittances.
Financial Reporting
Monthly balance sheet and income statement to track your business health.
Why Choose a Toronto Bookkeeper From SAL?
Missed deadlines, CRA notices, cash flow surprises. Trust our bookkeepers in Toronto to handle this.
We take care of:
Real Results
See What Toronto Business Owners Say
Get Your Books in Order!
Book a FREE consultation with a bookkeeper in Toronto supported by our CPA oversight.
Frequently Asked Questions
Common questions about bookkeeping services in Toronto.
How much do bookkeeping services cost in Toronto?
At SAL Accounting, small business bookkeeping services in Toronto start around $700-900/month. Exact pricing depends on your situation. Book a free call and we’ll give you a clear quote.
What's the difference between a bookkeeper and an accountant?
A bookkeeper records and sorts your transactions. An accountant reads that data, prepares tax returns, and advises on tax strategy. At SAL, every bookkeeping account has CPA oversight to ensure accuracy.
Do I need a professional bookkeeper for my small business?
If you’re spending hours on your own books, losing receipts, or unsure about your HST, yes. DIY bookkeeping often leads to missed Input Tax Credits, CRA penalties, and zero clarity on profit. A professional bookkeeper pays for itself.
Do bookkeepers need to be licensed in Canada?
No. Anyone can call themselves a bookkeeper. That’s why an experienced CPA is important. At SAL, a Chartered Professional Accountant reviews every account to make sure it’s accurate and CRA-compliant.
What's the difference between cash and accrual accounting?
Cash accounting records income when you get paid and expenses when you pay them. Accrual records both when they happen, not when money moves. Most small businesses use cash, but accrual shows a clearer financial picture. Our bookkeepers in Toronto help you choose.
What is a chart of accounts?
A chart of accounts is the list of all accounts used to record your business transactions – income, expenses, assets, and liabilities. A proper chart of accounts is organized to match CRA’s GIFI codes, which makes tax filing faster and audit-ready. We set this up for every client.
Will my books be ready if CRA audits me?
Yes. We maintain a complete audit trail for every transaction – receipts, invoices, bank statements, and journal entries all linked and organized. If CRA comes knocking, your records are ready. And we represent you at no extra charge.
What's included in your bookkeeping services?
Monthly reconciliations, journal entries, general ledger maintenance, HST/GST filing, payroll and remittances, accounts payable and receivable, and quarterly CPA check-ins. We also set up your chart of accounts and include free CRA audit support , something most Toronto bookkeeping services charge extra for.
Do I need a bookkeeper near me in Toronto?
No. Bookkeeping is done online (bank feeds, cloud software, digital receipts). We’re based in Toronto’s Financial District, minutes from Union Station, but we serve clients across Ontario.
