Bookkeeping
Bookkeeping Services for Small Businesses in Scarborough, the GTA & Across Canada
Accurate books are what make tax season, GST/HST returns and lender conversations straightforward. Greenchair Accounting & Tax keeps your records current, reconciled and organized for Canadian reporting, whether you meet us in Scarborough or work with us remotely from anywhere in Canada.
What's Included
What our bookkeeping covers
Bookkeeping is the day-to-day record of where your money comes from and where it goes. We handle the routine work so your financial information is ready when you, your accountant or the CRA need it.
- Day-to-day transaction recording and categorization
- Bank and credit card reconciliations
- GST/HST tracking and filing support
- Clear monthly reports so you always know where you stand
- QuickBooks Online setup and ongoing maintenance
Canadian considerations
The CRA generally expects business records to be kept for six years from the end of the last tax year they relate to, and to be available if you are reviewed or audited. Clean, well-supported books make that far less stressful.
Ontario businesses that are registered for GST/HST charge 13% HST on most taxable supplies. Tracking HST collected and paid throughout the year makes each return a matter of review rather than reconstruction.
How we work with you
- Contact us with a short description of your business and what you need
- We review your current records and agree on the scope of the work
- We maintain your books on an ongoing basis and report to you regularly
Who We Serve
Frequently Asked Questions
What is the difference between bookkeeping and accounting?
Bookkeeping is the ongoing recording and reconciliation of transactions. Accounting builds on those records to produce financial statements, tax returns and advice. Many small businesses use both, and we can coordinate them so nothing is duplicated.
Do you work in QuickBooks Online?
Yes. We set up and maintain QuickBooks Online files for Canadian businesses, and can review an existing file before taking it over.
Can you clean up books that have fallen behind?
Often, yes. Tell us how far behind you are and what records you have, and we will confirm what is realistic before any work starts.
Can you support me if I am outside Ontario?
Yes. Bookkeeping is done online, so we work with Canadian businesses in every province. Provincial sales tax rules differ, so we confirm what applies to you.
Related Services
Official Sources
General information only, not individualized tax advice. Rules and deadlines change, so confirm current details with the CRA or contact us.
Talk to us about bookkeeping
Tell us about your situation and we will confirm how we can help. There is no obligation, and we never guarantee specific tax outcomes.