Award Winning Bookkeeping and Accounting Services in Toronto
Save dollars, skip stress! Get answers to all your questions with Toronto’s most approachable CPA.
Less Stress. More Savings. Small Business Bookkeeping Done for you right in the heart of Toronto!
At Your Fingertips.
Meeting an investor? Making big decisions? Your financial reports are always in your pocket.
More in your Wallet.
Lower your tax burden with expert tax-saving strategies by our CPA.
Get your time back.
The average Toronto business owner spends 15 hours every month on bookkeeping. Do more with your time.
No more CRA penalties.
Our CPA is precise and timely. So you are not worrying about missed deadlines.
Cloud Bookkeeping and Accounting Services in Toronto
Tired of delayed financial data you need? Are your overhead costs out of control? Our services are key solutions!
Monthly Reconciliations
- Get rid of your bookkeeper errors.
- Your books accurately matched to your bank.
- Use quick snapshots of your financial position.
Payroll Remittances
- No concerns about CRA notices on incorrect CPP and EI deductions anymore.
- Ensure employees are accurately paid.
- Accurate T4, PD7A, ROE, and paystubs.
HST Filings
- Claim maximum Input Tax Credit for expenses.
- Get clarity on your HST liability through detailed forecasts.
AR and AP Management
- Collect revenue early, and pay suppliers on time.
- Stretch each dollar to fuel business growth.
- Debtor aging to identify late customers.
Tax Ready Financial Statements
- Monitor business growth.
- Year-end Financial statements.
- GIFI mapped schedules ready for your T2.
Virtual CFO
- CPA-prepared forecasts and budgets.
- Track business health KPIs.
Trusted by Toronto’s Up & Coming Small Businesses
See How Our Bookkeepers Helped Toronto Businesses Like Yours
We know how to take care of bookkeeping. Costs cut down. Stress relieved. Tax preparation and filing are done for you.
Watch our clients share their experiences in how they “couldn’t have asked for a better finance and business partner.”
Whenever You Need Us.
Your #1 tax information resource. Always available and approachable.
Your Questions, Answered.
We provide simple solutions to your complex problems.
Trusted & Respectful of Your Time.
Your time matters to us. So we pride ourselves on never being late in getting back to you.
Why Our Toronto's Bookkeeping Clients Choose SAL Accounting.
Our Toronto Bookkeeping Clients Say It Best
Only Pay When 100% Satisfied
Money-Back Guarantee
We believe you should only pay if you’re satisfied with our services. And we’ll work hard to make that true.
Risk Protection
Stressed over the potential of being audited? Our proactive bookkeepers will even handle your CRA audit for free.
Know What You’re Getting
Enjoy upfront, transparent pricing so you know exactly what to expect.
Why Choose SAL as Your Small Business Bookkeeper and Accountant in Toronto?
Bookkeeping and Accounting for Toronto Top Industries
We work across a wide array of industries. SAL can meet the unique financial reporting needs of businesses.
Retail
Struggling to track your sales? Unable to keep count of your inventory? Benefit from a wide array of bookkeeping and retail accounting services. Ensure you collect from customers on time and pay vendors correctly with our AR & AP management systems.
Healthcare
Dealing with staying on top of your medical practice? OHIP payments, staff salaries, and overheads are just some of your nightmares. We organize your practice to minimize tax liability. Enhance your profitability with KPI measurement and detailed cost analysis at SAL
E-commerce
Connect your Shopify store, Amazon Seller Central, Stripe, and Paypal to get automated bookkeeping and reconciliation through our award-winning accountants.
Startup
Are you in the first sensitive stages of running a startup? Focus on customer acquisition; let us take track of your cash burn. We help you survive in the competitive Toronto startup ecosystem. cash burn
Restaurant
Most restaurants struggle with managing their staff’s payroll. Many others face inexperienced bookkeepers who do not know restaurant accounting issues, such as what to do with complex HST rules for food items. At SAL, we bring our flavor into your diner with ala carte bookkeeping and accounting services right here in Toronto.
Manufacturing
Struggling with rising costs? Most manufacturing companies in Toronto feel the same way. This is why SAL offers cost accounting solutions that track and analyze the per unit cost of each SKU. We ensure you earn decent margins on each item. Our accounting for manufacturing companies includes cost of sales analysis, budgeting and forecasting, inventory management, and payroll remittance.
Message from CPA
“Hey there! I’m your CPA at SAL Accounting. I understand how challenging Toronto’s economic climate is right now for small businesses, but don’t worry – I’m here to simplify it for you. No matter the size of your company, my team and I have your back. We ensure clarity, plan ahead, and use accounting technology to keep your bookkeeping smooth and simple. Join us at SAL Accounting, where we make complex bookkeeping tasks a breeze. Let’s make your financial journey easy and stress-free together!”
M. SALMAN
Connect with Award Winning Accountants in Toronto
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQ: Bookkeeper for Toronto Businesses
What is bookkeeping or accounting?
Bookkeeping or accounting for your Toronto business refers to the accurate categorization of your financial transactions. It ensures robust financial reporting for management yet also aligns with CRA GIFI line items for seamless tax filing.
Why do I need a professional bookkeeper/accountant?
An inexperienced bookkeeper essentially does what a small business owner can do themselves. They categorize transactions according to their type. However, a CPA bookkeeper also keeps into context how to save corporation tax and claim the highest Input Tax Credit for HST. Thus an experienced accountant provides much higher value for money than an inexperienced bookkeeper.
Should I outsource my bookkeeping and accounting overseas?
At first, outsourcing Your bookkeeping and accounting to another country might seem cost-efficient. Still, given their lack of knowledge of Canadian tax deductions] might end up costing you thousands of dollars in unclaimed income tax credits. A much smarter alternative is to outsource bookkeeping needs to a Canadian bookkeeping firm that knows Canadian and Ontario tax laws. Our Toronto-based chartered professionals also provide cloud bookkeeping and accounting services minutes from Union Station and the CN tower.
Do you also prepare Corporate Tax Returns?
Our CPA is well-versed in corporate accounting and tax services. They have saved our bookkeeping and accounting clients $124k over the years.
I am outside of the GTA – can you cater to me?
Absolutely! We are a virtual bookkeeping and accounting firm, and all our accountants do the bookkeeping remotely. So as long as you have a Canadian bank account, we can clean your books.
I am a small business owner. Can you coach me on how to do my bookkeeping myself?
We can do even better than that – we can automate your financial processes so your bookkeeping and accounting happen in the background. You only need to connect with us for your T2 return and other CRA filings.