Outsourced Bookkeeping

Bookkeeping Services in Toronto

We help you manage and organize your books. Bookkeeping, Financial Reporting and Payroll

Small Business Bookkeeper Services to give your business stability.

The purpose of the keel is to help give a boat greater stability and control while moving forward.

Toronto bookkeeping services

Toronto Bookkeeping & Accounting Services

Our company, Blue Keel, helps you organize your books and gain stability to run your business.

Are you frustrated with your books? Need help keeping track?

Are you paying your bills late?

Sometimes you don't do this on purpose. Things get busy and in the way and paperwork and keeping track take the back burner.

Disorganized and no time to do it yourself?

Frustrated that you know bookkeeping is important and you are smart enough to do it yourself but no time? We take the burden off your hands!

Having a hard time keeping track of who owes you money & which customers are paying late?

Without keeping track of revenues and who you owe money you could feel that you're running on a hamster wheel. Being on top of your invoices and receipts is important to bookkeeping.

Behind on payments because you have no time to calculate GST/HST and source deductions?

We make sure your financial records are tax season ready and particularly when it comes to tracking GST and HST.

No time to reconcile your bank accounts? Does it make you unsure of your current bank balance?

We make sure you accurately reconcile not just bank statements but also credit cards.

Is your accounting out of date and haphazard?

Still using Excel or an accounting software that doesn't allow you to do things more efficiently? We love QuickBooks and can show you the benefits of migrating to this accounting software.

Customized Toronto Bookkeeper Services

Our Bookkeeping & Accounting Solutions Include:

  • Bookkeeping
  • Accounts Payable/Receivable
  • Payroll Setup & Support
  • Accounting Systems Setup
  • Bookkeeping Performance
  • Budget Planning & Development
  • Financial Strategy & Research

Comprehensive bookkeeping software for all types of businesses & professionals.

We typically use QuickBooks for bookkeeping and payroll services. However, we are able to adapt to your business needs if it makes sense for both parties for example using Microsoft Excel and Xero.

  In-House Bookkeeping Vs. Outsourcing Bookkeeping

Are you considering outsourcing your bookkeeping requirements? If so, Blue Keel could be a great partner! When it comes to bookkeeping services, traditionally companies have opted for in-house accounting for their business bookkeeping. Since the rise of hybrid work environments due to Covid-19 and changes to costs and desire to reduce overhead, increasingly Toronto businesses are turning to outsourced accounting solutions. Bookkeeping is vital for any business, ensuring financial stability, compliance, and decision-making that is informed and timely. Whether to stay in-house or to outsource, each of the two options comes with pros and cons, so it can be hard to know which type of Toronto accountant is the best fit for your business.

Outsourcing Bookkeeping

  • Focus on Your Core Activities - By outsourcing bookkeeping tasks, you as the owner and your employees can concentrate on core business activities, to drive growth without worrying about diluting your focus. 
  • Expertise and Accuracy - As certified and experienced professionals, Blue Keel is knowledgeable in Canadian accounting standards. Our expertise ensures accurate and compliant financial records, to help you reduce the risk of errors that can lead to legal and financial discrepancies with the CRA.
  • Quality of Work - Blue Keel offers a consistently high quality work given our experience working with a wide range of business and individuals, allowing you to get the benefit of quality accounting services. In addition, we stay 100% up to date on training and certifications.
  • Hours of Service - By outsourcing your bookkeeping, you get the benefit of access and working with an accountant that offers extended hours. This may apply to you or your company if you don't have typical business hours don’t apply. For example if you're a restaurant, entertainment based, web-based or provide hair and beauty services.
  • Annual Cost - It’s not just about how much you pay an in-house accounting employee per year. What about health and retirement benefits. There’s also the cost of paid time off, when they're unavailable during sick time and vacations. Blue Keel removes all this uncertainty
  • Fraud Prevention - You’re much more likely to experience fraud when you use in-house accounting rather than outsourcing. Employees have more access to your confidential information and can more easily persuade others to go along with unscrupulous behaviour. 

Conclusion:

Outsourcing your bookkeeping gives you better control and visual on your expenses and profitability so you can make necessary adjustments throughout the year appropriately. Rather than blindly give away access to your books, you as the bookkeeping client will have access to your books through our secure cloud software system. With a typical manual bookkeeping setup, you may not be able to view profit/loss statements until year-end which can be inconvenient from a business planning perspective. 

Bookkeeping Service Request Form

Let us know your bookkeeping priority and we'll get back to you.

Small business bookkeeping services onboarding
How is Your Business Organized?
Please Select One
  • Incorporated (provide Inc. or Ltd name under "Business Name" below e.g. XYZ Inc.)
  • Individual
  • Sole Proprietorship (provide trade name under "Business Name" below)
  • Partnership
  • I'm Not Sure
Currently Have a Bookkeeper?
YES
NO
Primary Need (if more than one use message box to add more)
Bookkeeping (weekly, monthly)
  • Bookkeeping (weekly, monthly)
  • Bookkeeping - Catch Up (less than 1 Year)
  • Bookkeeping - Clean Up (more than 1 Year)
  • Payroll
  • QuickBooks Setup
  • Accounts Receivable/Payable
  • Other
Has the CRA reached out to you recently?
None
  • Yes
  • No
Business Type
Please Select One
  • Construction
  • ECommerce
  • Retail
  • Professional Service
  • Freelancer
  • Non-Profit
  • Manufacturing
  • Technology
  • Other
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Get Started with an Experienced Toronto Bookkeeper and organize your bookkeeping.