Affordable Virtual Bookkeeper Services in Toronto
Say goodbye to paper-based bookkeeping. Our Toronto virtual bookkeeper saves you thousands on taxes without in-person meetings, delivering your books in the comfort of your home!
24/7 Access, Less Stress with Expert Virtual Bookkeepers in Toronto.
Maximize Your Money.
Hiring an online bookkeeper in Toronto saves up to 78% on annual overhead costs. Enjoy accurate books without paying for benefits, utilities, or office supplies.
More Time to Grow.
With 24/7 access to real-time financial data, cloud-based bookkeeping saves 10+ hours a week. Adjust the hours you need bookkeeping per week or month.
Safe CRA Audits.
Keep your books 100% compliant with CRA regulations. Using advanced software like QuickBooks and Xero, we track tax obligations and deadlines.
Peace of Mind.
Over 30% of small businesses experience data loss due to computer malfunctions. Relax; we encrypt your financial data with the best security software.
Top Services with Our Virtual Bookkeeper in Toronto.
Our virtual bookkeeper keeps your books in order so you can focus on what matters—growing your business. From transaction management to budget analysis, we make tax season or audits stress-free.
Transaction Management
- Accounts receivable and payable management
- Daily cash flow tracking ensures liquidity
- Personal/business accounts control
- Automated invoicing and payment monitoring
Tax Preparation
- 100% tax compliance to avoid CRA penalties
- Strategic plans to minimize tax liabilities (by 10-30%)
- Fully-compliant GST/HST filings
- Precise year-end accounts reviews
Financial Analysis
- Monthly financial statement preparation with IFRS & ASPE standards
- Detailed profit and loss and balance sheets
- Month-end close process for trial balance
- Regular bank and credit card reconciliations
- Custom reports and analysis with KPIs
Payroll Management
- Payroll reconciliation with a zero-discrepancy rate
- Salary payments and employee records maintenance
- Benefits, deductions and WSIB reporting management
- Nonprofits and businesses’ payroll handling
Software Setup
- Bookkeeping software setups like QuickBooks and Xero
- Cloud and e-commerce technology integration like Shopify or Amazon
- Expert software guide for optimal usage
Budgeting Planning
- Forecasting strategies development
- Analysis of expenses, revenues, and expenditures
- Cash flow management
- Charts of accounts and account code creation
The Chosen Virtual Bookkeeper for Leading Toronto’s Businesses.
With top-notch online bookkeeping services in Toronto, our CPA helps solopreneurs to teams of 50 to 100 professionals manage transactions, bank statements, and financial reports.
120+ Business Owners Rely on Our Virtual Bookkeeper in Toronto. Hear Their Stories.
Go beyond outdated standards of brick-and-mortar offices. Our CPA streamlines your books with cutting-edge financial tools and technologies.
Hear directly from our clients about how they “minimize overhead costs and maximize your profits by getting rid of the clutter and going virtual.”
Smooth Process.
Get rid of manual errors! Save 20+ hours by automating data entry and financial transactions.
Real-Time Data.
Enjoy a 24/7 online dashboard to analyze important metrics like cash flow ratios and profit margins.
Organized Books.
We keep your books compliant with GAAP and CRA regulations with virtual accounting services.
See Why Clients Love Our Toronto’s Virtual Bookkeeper.
Only Pay When You’re 100% Satisfied with Our Virtual Bookkeeper.
Money-Back Guarantee.
Only pay if you’re satisfied with our virtual financial services. We try to satisfy your expectations.
0% Audit Risk.
Worried about CRA audits? With SAL, you can relax knowing we offer free audit support.
Transparent Pricing.
Our virtual bookkeeper offers transparent pricing, ensuring reliable financial management.
Discover Reasons to Choose Our Virtual Bookkeeper in Toronto.
Top Industries Our Virtual Bookkeeper Serves in Toronto.
Retail & E-Commerce
Track stock levels by integrating your sales platforms with automated inventory management systems. Our e-commerce accountant maintains a liquidity ratio of at least 1.5 to control expenses.
Healthcare & Medical Practices
Focus on patient care; we handle your books. Billing processes are complex, which sometimes leads to revenue losses. At SAL, we use automated billing systems, improving profit margins by at least 20%.
Construction & Trades
Say goodbye to budget and cash flow concerns for your projects! With remote financial management, you can better manage job costing, expense tracking, and payroll management.
Professional Services
With automated financial systems, you can track your invoicing and accounts receivable in a flash. Our virtual bookkeepers solve irregular income streams, extending collection periods by 20%.
Not-for-Profit Organizations
Donations and grant management can be a burden. Our remote bookkeeper in Toronto automates donation tracking and ensures allocation. We guarantee an overhead ratio lower than 15% to secure future funds.
Technology & Startups
With our startup accounting, you can experience rapid product development and growth. Using cloud-based accounting software like QuickBooks or Xero, we track expenses automatically, reducing administration time by 30%.
A Message from Our CPA
Hey there! I’m the founder of SAL Accounting. While organizing your money can be difficult, our virtual bookkeeper in Toronto streamlines the process. Our experience guarantees that your books comply with all regulations and are accurate. Our remote bookkeeping solutions offer automated transaction tracking, real-time access to your financial data, and perfect contact with our committed team. Allow us to simplify your books and help you grow your business!
M. SALMAN
Connect with Award-Winning Virtual Bookkeepers in Toronto.
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Virtual Bookkeeper in Toronto.
How do you check the accuracy of virtual records?
As mentioned, all reconciliation processes are automated, which means there is a zero-discrepancy rate. Our CPA guarantees 100% accurate data entries compliant with IFRS standards.
Can your virtual bookkeepers streamline tax compliance with CRA regulations?
Definitely yes. We take care of CRA compliance and properly file your taxes before deadlines during the tax season. That’s how our virtual bookkeepers can lower tax liabilities by 15-30%, which means an average of $5,000 per year.
Which technologies do you use at SAL?
Our virtual bookkeepers in Toronto provide our clients with real-time data using advanced SaaS financial software like Quickbooks and Xero. You can access this data in one dashboard to make wise decisions about your business’s growth at the moment.
Why should I hire a remote bookkeeper in Toronto?
Typically, hiring a remote bookkeeper brings considerable cost savings to business owners. A virtual bookkeeper doesn’t need physical space, so you can save money on salaries, benefits, and office space compared to in-house bookkeepers.
How can you improve the cash flow remotely?
With a liquidity ratio of at least 1.5, we track and control your business cash flow through advanced, real-time dashboards. Our virtual bookkeepers carefully analyze the current and quick ratios to secure your funds in the long run.
Can I do bookkeeping myself?
It is possible but not recommended. Be careful that DIY bookkeeping isn’t as simple as DIY crafting. Our CPA suggests investing in working with our bookkeeper or small business tax accountant if your business has many monthly transactions. Many business owners have a do-it-yourself mindset, which can result in losing money over time.
What kind of financial insights do you offer?
Using advanced tools, we provide you with real-time data to check your business’s financial health. Our virtual bookkeepers assess important KPIs such as profit margins, expense ratios, and cash flow forecasts with 100% accuracy. These reports assist you in making decisions that drive high profits.
How do you guarantee the security of my data?
First, we need access to your critical financial data to work with our team. SAL’s trusted bookkeeping team uses all of this information to help you grow your business. We apply industry-standard security protocols, including AES-256 encryption and two-factor authentication, to safeguard your data, both in transit and at rest.
Do you keep a general journal and ledger to ensure financial accuracy?
Yes, we do. Our experts maintain the general journal and ledger to make sure all financial records are accurate. We automatically order all transitions in the journal and categorize them in the ledger. It gives you a comprehensive overview of your business’s true financial position.
Where is SAL Accounting located?
We are in the heart of downtown Toronto. Our office address is 330 Bay Street, minutes from Union Station and CN Tower.
Get Your FREE Consultation with Our Virtual Bookkeepers in Toronto.
Ready to streamline your books anywhere, anytime? Forget all time-consuming paperwork and save time and money with our experienced virtual bookkeeping team in Toronto. Don’t waste time; discuss your needs with SAL’s virtual bookkeepers for free!