Bookkeeping Services in Toronto

Toronto clients, one Scarborough desk

Bookkeeping services in Toronto are done at Kennedy Tax & Accounting Inc. in Scarborough. There is no second office in the city. Owners send bank statements and invoices, or they bring them to Suite 205 near Kennedy Station. The output is the same set the firm has always named: income statement, balance sheet, statement of retained earnings and cash flow.

What a month looks like

Income and expenses are recorded. The bank is reconciled. Accounts receivable and payable are updated if you track them. At year end those books are what the T2 or the self-employed return is built on. A shoebox in April is a different quote from a file that was closed each month. Not-for-profits and charities can use the same service. The Scarborough service page is bookkeeping and accounting. This page is for people searching from Toronto.

What is not included in a published price

There is no monthly package price. QuickBooks or another file you already use can be the working copy when you want the firm inside that file. Payroll and HST are separate engagements if you need them, and they are quoted on their own pages.

The only office is in Scarborough, near Kennedy Station. You can visit or send the documents. English, Bengali and Tamil are spoken. Manoranjan (Mano) Talukder, CPA, leads the firm, which has worked since 2010. Personal returns start at $49.99 + HST. Other files are quoted first.

What bookkeeping is, in the firm’s own words

The original bookkeeping page says these services record, organise and manage financial transactions so the records stay accurate and current, and so the owner can see how the business is doing. For a small business or a self-employed person, that means tracking income and expenses, reconciling the bank and the credit card, and keeping accounts payable and receivable. The same page says the point is to catch a problem while it is still a record, not a surprise at tax time.

Accounting, on that page, is the heavier work: the statements, the tax planning and support if an audit starts. The firm described it as work led by a CPA. A typo on the old page said “a mall business”. It means a small business. The statements are what a tax filing and a loan application both ask for.

The list the old page published

• Financial statements on a monthly, quarterly or yearly basis.
• Income statement, balance sheet, statement of retained earnings and cash flow statement.
• Bank reconciliations.
• Business advisory when you ask for it.
• The day-to-day record of the business transactions.
• Other bookkeeping that belongs with the same file.

The benefits the page listed, without the sales language, are straightforward. The records are kept up to date, which is what a lender and the CRA both expect. The owner spends less time on the books. The statements show where cash is tight. Tax filings are prepared from those records instead of from a box of paper in April. Bills and invoices are tracked so payable and receivable are not a guess.

Toronto clients use the Scarborough office

Bookkeeping services in Toronto are this service. There is no Toronto branch, no mailbox and no meeting room downtown. You send the statements or you bring them to Suite 205, near Kennedy Station. Not-for-profit organisations and charities are included in the original description. A corporation’s year-end statements are what the T2 is built on. A sole proprietor’s books are what the business statement on the personal return is built on.

HST and payroll are separate engagements. They are quoted on their own pages. The old site printed monthly bookkeeping packages. Those prices are not published. Ask for a quote. The quote changes if the books are already current or if the year has to be rebuilt from bank statements. Personal tax returns remain the only published starting price, $49.99 + HST, and they are a different job from the monthly books.

The Scarborough page for the same work is the bookkeeping and accounting service. This page exists so a Toronto search still reaches the one office. English, Bengali and Tamil are spoken. Manoranjan (Mano) Talukder, CPA, has led the firm since 2010.

How a Toronto owner starts

Call or email with the year-end, whether the business is incorporated, and whether HST or payroll already exists. The office will say what to send first: usually the bank statements and the invoices for the months that are open. If the books are already in a file you use, that file can be the working copy. If they are not, the year is rebuilt from the statements, and the quote says so before anyone starts. At the end of the year the same records support the T2 or the self-employed statement. A not-for-profit or a charity uses the same list of statements. The old monthly prices are not on this page. Ask for the quote that matches the volume.

Personal tax for the owner is a separate return. A simple one starts at $49.99 + HST. The books do not. English, Bengali and Tamil are spoken. You can visit Suite 205 or send the file. Manoranjan (Mano) Talukder, CPA, reviews the engagement. The firm has done this work since 2010.

The original page also said the books should surface a problem early, while it is still a reconciliation and not a notice. That is the standard for a Toronto file sent to Scarborough: the bank is matched, the invoices are in the month they belong to, and the statements are ready before the return is due. Advisory on that page meant reading those statements with you, not a separate product. If you also need HST or payroll, say so in the same call so the quote includes them instead of arriving later as a surprise.

Owners who already reconcile the bank each month are quoted differently from owners who hand over a year of unopened statements. Say which one you are.