Bookkeeping Services

Page summary

Accurate bookkeeping and reliable payroll services using modern cloud software. Keep your financial records organized and compliant with CRA requirements.

• Our bookkeeping services provide the foundation for smart business decisions. We maintain accurate, up-to-date financial records that help you understand your business performance and prepare for tax time.
• Accurate financial records ready for year-end tax filing
• Real-time access to your financial data via cloud software
• Professional payroll processing with CRA compliance
• Monthly financial statements for business management
• System Setup: We set up your cloud-based accounting system (Xero or QuickBooks) with chart of accounts customized for your business type and needs.
• Data Organization: We organize your existing financial documents and records, converting them into digital format in your accounting software.
• Monthly Bookkeeping: Each month we reconcile your bank accounts, record transactions, manage payroll, and prepare financial statements for your review.
• Ongoing Support: We provide training on your accounting system, answer questions, and adjust processes as your business evolves.

Related pages

• Corporate Tax Services: Related accounting and tax support.
• Tax Planning Services: Related accounting and tax support.
• CRA Audit Representation: Related accounting and tax support.
• Restaurants: Industry guidance connected to Bookkeeping Services.
• Real Estate Investors: Industry guidance connected to Bookkeeping Services.
• Healthcare Professionals: Industry guidance connected to Bookkeeping Services.
• Construction Companies: Industry guidance connected to Bookkeeping Services.
• Contact ARMalik: Discuss bookkeeping services with a Markham CPA.

Common questions

How much does monthly bookkeeping cost?

Monthly bookkeeping fees start at $500-800 for small businesses and increase based on transaction volume and payroll complexity. We provide a fixed monthly fee so you can budget accurately.

Can I keep using my current accounting software?

We primarily work with Xero and QuickBooks Online as they offer the best cloud access and integration. However, we can discuss your current system and determine the best solution for your situation.

Do you handle payroll processing?

Yes. We process bi-weekly or monthly payroll, calculate deductions, file CRA remittances, and prepare T4s at year-end. Payroll is included in our monthly bookkeeping service.

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