Bookkeeping Services for Every Business in Ontario
Messy books waste your time, cost you deductions, force a scramble at tax season and leave you with numbers you cannot trust.Unorganized books cost you time, earn you deductions, cause stress during tax time and provide you with figures that you can’t count on. Our bookkeeping service ensures your books are always closed and balanced every month using QuickBooks Online (or Xero or Wave, depending on which one you are using).
- Books closing and reconciling every month, on a scheduled basis
- QuickBooks Online, Xero and Wave – whichever you currently use
- Your books getting behind? Backlog bookkeeping can be done
- Bookkeeping and taxes are done by the same people
Accurate Books Are the Basis for Every Good Tax Return, Loan, and Decision
Bookkeeping is more than inputting information; it is the information that all the vital decisions concerning finances are made from – your tax return, your HST return, your loan applications, and whether you are making any money in your business at all. Veritas Taxes maintains up-to-date records for your transactions, reconciliation of accounts, and financial statements every single month, using QuickBooks Online (or whatever system you use). This way, you will always be aware of your business status in real time.
The fact that tax preparation and bookkeeping take place within the same firm, as part of our tax and accounting services, means that when preparing for your annual tax filing, we use only clean and reconciled records.
- OUR SERVICES INCLUDE
Everything You Need to Manage Your Books for your Business
- Monthly/ Quarterly Bookkeeping – Ongoing transaction categorization, bank reconciliation, and financial statement preparation, where your statements will be provided to you on an ongoing monthly basis.
- Cloud Accounting Software Setup (QuickBooks Online, Xero & Wave) – Full setup and migration to the cloud accounting solution that works for your company – the vast majority of our clients in Ontario use QuickBooks Online, though we do work with Xero and Wave as well.
- Accounts Payable and Receivable Management – Invoicing, bill payment, and cash flow management to make sure that you never miss anything.
- Bank and Credit Card Reconciliation – Monthly reconciliation of all your accounts to make sure that you don’t overlook any transactions.
- Sales Tax Management (HST/GST) – Sales tax is reported and managed directly out of your books, and is regularly filed.
- Ontario Specific Taxes (EHT) & Compliance Reporting – Ontario taxes (Employer Health Tax), compliance reporting is done alongside our ongoing bookkeeping services, if applicable to your business.
- Financial Statements Preparation – Monthly or quarterly profit and loss statements and balance sheets, in plain language. Need forecasting on top of that? See our CFO services.
- Catch-up and Clean-up Bookkeeping – Behind on your bookkeeping? We’ll analyze the backlog, give you a fixed scope quote, get your books sorted out, and then bring you over to our ongoing monthly bookkeeping service.
- HOW WE WORK
A Simple Process Designed Around Your Business
01
Consultation
We begin by understanding your business, financial goals, and accounting requirements.
02
Financial ReviewOur experts review your records, identify opportunities, and assess your current financial position.
03
Strategy & ImplementationWe prepare customized tax and accounting solutions that align with your business objectives.
04
Ongoing SupportReceive continuous financial guidance, reporting, and compliance support as your business grows.
- WHO WE SERVE
Bookkeeping Support for Every Stage of Your Business
At Veritas Taxes, we deliver precise, forward-thinking financial strategies that help individuals and businesses stay compliant, grow confidently, and plan effectively for the future. Our team combines deep expertise with modern technology to simplify every aspect of your accounting and tax process.
- New & Emerging Businesses – Starting off from square one with correct accounting procedures to make sure that your books are never started from scratch.
- Late Businesses – Catch-up accounting to bring your records up-to-date for whatever month or even years of records you have using estimates before starting.
- Existing Businesses – Regular monthly accounting services along with payroll services and HST filing and year-end tax preparation services.
Start Your Investment Journey Book a Call
Take the first step toward smarter investing and long-term financial growth with expert, personalized guidance.
- Why Choose us
Delivering Clarity, Confidence, and Results
Take the first step toward smarter investing and long-term financial growth with expert, personalized guidance.
Proven Success
- 99% Client Satisfaction Rate, measured every year
- 80+individuals and businesses served across the GTA
- A consistent, error-free filing track record
Expert Guidance
- 10+ Years of Combined CPA & Advisory Experience
- Advice tailored to Ontario tax rules and CRA requirements
- Direct access to your CPA, not a rotating call centre
Fully Transparent
- Clear & Simple Financial Insights
- No Hidden Surprises, Full Clarity
- FAQ’s
Everything You Need to Know
Our clients trust us for reliability, transparency, and consistent financial results. Here’s what they have to say about working with Veritas Taxes & Advisory Inc.
What's the price of bookkeeping for a small business in Ontario?
The fee is a monthly flat rate that’s calculated according to your transaction volume and complexity, and it falls in a $300-$1,000+/month range, depending on your situation.
What's the difference between a bookkeeper and an accountant?
A bookkeeper performs daily record keeping, classification and reconciliation of your transactions. The difference with an accountant (our CPA team) is that he/she also possesses tax law knowledge and financial analysis skills — hence, working with us, you’ll not only get your accurate bookkeeping, but also the advice of a CPA who reviewed it.
I haven't done my bookkeeping for months (or years) — can you help me out?
Sure. You just need to tell us about your backlog, we’ll quote the fixed scope price for getting your books updated, and then transition you to a regular monthly bookkeeping process to avoid this problem in future.
Do you use QuickBooks Online, or your own software?
Our primary platform is QuickBooks Online, and we also support Xero and Wave. If you already have any of them, we’ll work within your existing system; otherwise, we’ll set you up on QuickBooks Online or the other one according to your needs.
How often will I receive my financial reports?
You will receive your monthly profit & loss report and balance sheet reports according to a certain schedule each month.
Do I really need a bookkeeper for my small business?
Yes — small companies suffer from bookkeeping mistakes even more than large ones. Having your accurate books guarantees healthy margins, helps you take all the deductions you can and keeps you CRA-compliant.
Does bookkeeping include HST/GST filing?
Yes — HST/GST calculation is a part of your monthly bookkeeping procedure and we submit your tax returns according to a schedule formed on the basis of those numbers.
Will my bookkeeping affect my year-end tax filing?
Yes — the same people will handle both procedures, and your final books will be automatically included in your corporate or personal tax filing, which can also reduce your filing time and cost as nothing needs to be re-verified.
What software do I need to start?
None — if you have no system yet, we’ll configure and set it up for you (e.g. QuickBooks Online) during our onboarding process.
Can bookkeeping and payroll be combined in one service?
Yes. Payroll expenses and liabilities flow into your monthly bookkeeping, so everything is reconciled in one place. See our payroll services.
- Resources
Insights for Smarter Financial Decisions
US Estate Tax for Canadians: What Changed for 2026
Bare Trust Reporting in Canada: Do You Need to File a T3 for 2026?
