Top Bookkeeping Services in Toronto: Find Your Perfect Financial Partner

Looking for a reliable and trustworthy bookkeeper? You’ve come to the right spot!

In our article today we have picked the desirable bookkeeping services available in Toronto. Check out the article to learn about their distinctive specialties and if you should choose one of them.

What is the Cost of Bookkeeping Services in Toronto

Bookkeepers in Toronto charge between $25 and $95 an hour. The cost varies based on the size of your company as shown in the following table:

Top Bookkeeping Services in Toronto

We narrowed our search together the following measures:

Experience and knowledge refers to the industry experience of the company as well as knowledge of the laws governing it and the most up-to-date technical talent in accounting technologies as well as other software that is related (e.g. QuickBooks).

Record of track record, which includes the level of satisfaction for the business, and also the ease of access and flexibility in managing new projects.

Communication talent that include customer service communications, all the way through technical assistance.

Efficiency and organization – in relation on the standard of work.

1. NRK Accounting

We had a positive experience working in working with NRK Accounting was satisfying overall. They offered timely and precise bookkeeping services. Financial records of our company were arranged efficiently, which made it simpler managing our financial accounts.

The attention to detail exhibited by NRK Accounting was admirable. They made sure that all transactions were accurately recorded, which reduced the chance of errors. Their careful approach has contributed to the accuracy of our financial statements.

We discovered NRK Accounting to be cost-effective when compared with comparable services. Pricing was clear, as were the no-cost costs. We were impressed by their dedication to provide value for price.

The quality of the services provided by NRK Accounting was in line with our expectations. They showed professionalism and proficiency in the handling of the financial information of our company. Their staff was quick to respond to our questions and addressed any concerns quickly.

We were awestruck by the effectiveness of NRK Accounting’s process. They helped us streamline our bookkeeping processes that saved our time and energy. Their systematic approach helped us to concentrate on other areas that we do.

All in all, NRK Accounting provided reliable bookkeeping services for a reasonable price. Their reliability, efficiency and focus on the smallest details makes them an appropriate choice for companies that require competent accounting.

Pros

• Works in different industries
• Good communication with customers
• Long-running years of operation
• Caters for medium-sized and small-sized companies

Cons

• There aren’t any promotions currently available.

Review by Customer

“We utilize NRK Accounting for the management of our small-sized business and we could not be happier with their service! Their response time is extremely rapid and if you have any queries, they’re super helpful and knowledgeable. I am sure they have my company’s excellent desire in mind! Thank you for the wonderful experience:)” VVS Boutique

“When searching for skillful benefit to complete my taxes, I looked up various names on the web and I kept coming back to NKR Accounting. My experience dealing the Mr. Farshid Kaba was the most competent and pleasant. The process of processing our tax return as well as the subsequent enquiry from CRA was completed effortlessly and left me feeling that I was in the accurate hands.
I would not hesitate in recommending this company and also Mr. Kaba, in particular for accounting and tax assistance.” -Eric. Eric

2. The Profit Line

We like we like about The Profit Line is the variety in bookkeeping solutions. They offer financial statements preparation as well as reconciliation of credit and bank accounts as well as payroll and QuickBooks, and budgeting for actual financial reports.

With our extensive knowledge of working across different sectors, we are able to say that you can rest assured that your company is in security of the professionals as well.

Profit Line Profit Line has established many loyal customers throughout the years. Since more than a decade the bookkeeping services of their company have assisted numerous companies within and in the vicinity of the city.

They don’t just grant assistance for small and mid-sized companies in addition as well as companies in the field of technology, academic institutions Non-profit organisations, research institutions as well as investment firms.

Our view of the advantages that Profit Line is that Profit Line is that they adhere to integrity and precision as standards, which is an vital moral foundation in the business.

But, The Profit Line still has to keep pace with increasingly sophisticated accounting and bookkeeping software as well as technology, we believe. This would allow them to further boost their services, expanding beyond the traditional bookkeeping.

Yet, their old-fashioned approach has a few distinct advantages. For instance, they are eager to collaborate with you one-on-one with your book that provides an individual approach that you will find appealing.

Pros

• Works in different industries
• Good communication with customers
• Long-running years of operation
• Caterers for small and mid-sized companies

Cons

• Closed during weekend
• The bookkeeping process could benefit from some contemporary elements

Customer Review

cares about accuracy

“The Profit Line actually cares about the accuracy and completeness of an organization’s accounting records, which is different from different bookkeeping companies. They also give more efficient support than many other service providers. They are always willing to discuss the requirements of an organization and to adjust processes in accordance with mutual consent. I strongly would recommend The Profit Line!” Nicole Ballestrin

Above the line of duty

“My bookkeeping to run the Toronto business was an absolute mess. I couldn’t even manage my invoices. Profit Line helped me sort my invoices out. Profit Line saved my business from financial ruin. I truly appreciate the benefit they gave me beyond the scope of the typical bookkeeper. .”> Al Pollett

3. Accountant Partners

The company has been providing the bookkeeping service to business owners in Toronto over the last 20 years. They have an established and proven track of performance.

The practice is designed to assist private businesses and their owners, with a focus on maximizing profits. They also aid in the preservation of wealth from taxes and increase your business’s net worth.

They focus on providing partner-level support and give advice to clients on issues related to accounting. This is pretty typical for the kind of bookkeeping that we’re discussing in this piece, however.

The tools are fairly modern in their tools. They make use of an automated program to gather your bank statements each month and then handle accounting together QuickBooks. Then, they’ll email you your tax return and review.

We are very pleased with a number of aspects about the company. The first is that they seem to have efficient bookkeepers or at the very least, based on the comments of their clients during our poll.

They also seem to form intimate connections and clients. Thus working with them would appear to be a viable option in the long run for commitments.

Accountant Partners is the only Toronto bookkeeping company that has price guarantees and a price guarantee. That means if they fail to provide you with a quote from their office the company, they will not ask you to pay.

We appreciate that because it guarantees that customers get the most value for their money. It’s definitely one of the aspects that stood out to us when we evaluated their services.

And they grant an initial consultation for free to evaluate and recommend steps to take following. They offer in-person as well as online consultation and you can earn points for being accessible!

Pros

• Price assurance
• Free consultation for the first time
• Up-to-date bookkeeping practice
• Open everyday

Cons

• Only for small-sized businesses.

Review by Customer

Wonderful services

“Accounting Partners” is our very first accounting and bookkeeping firm we’ve worked with. honestly, I don’t believe we’ll ever work with anyone other than us because we’re completely happy with the services they deliver to our company here in Toronto. They are sincere and reasonable in their prices for the amazing service they impart. Very highly recommend.” Michael Starc

Amazingly exceptional

“It’s been a major pain having to manage everything related to bookkeeping prior to finding accountant partners. I don’t have any complaints to make about their team since they’ve been extremely efficient in all things. They manage our business both in Mississauga in Toronto and Toronto.” David Miller

4. Apex Accounting

Apex Accounting provides services for all kinds of medium and small-sized enterprises, but they’re perfect known for their work in areas such as skillful services, home-service contractors Health and Wellness, and food-related companies.

They employ an entire team consisting of skillful accountants who supervise and keep track of your financial records correctly and make adjustments at the close the accounting time.

They also claim that they actually achieve everything within the stipulated timeframe without delay (and our research of their clients confirms that they are able to prove their claims).

The things we think we like excellent about Apex Accounting however, are that They focus on providing customized solutions to their clients, and they make use of the latest technology and tools to complete their work.

It’s important to note it’s worth noting Apex Accountants has some of the most affordable rates of service we have seen among bookkeepers within the city.

Monthly, they cost $299 for the basic package packages, $499 for professional as well as $799 for business package and corporate packages.

In addition to their bookkeeping service, Apex Accounting also has additional services that which you can use such as tax filing Personal T1 tax filing Tax filing for corporations and notice to reader QuickBooks Online, QuickBooks Desktop, Xero, Zoho, Netsuite and past accounts cleaning up, among others.

In the end they’ve got enough things going for them, even if you’re not completely certain about the bookskeeping services you’ll need or have the ability to obtain more detailed choices.

With reasonable rates along with excellent services and the feature of adding ons should you require additional help it’s a great choice for new and small companies specifically. But, their expertise does make them better suited to servicing customers in certain industries over others.

Pros

• Affordable rates
• Provides comprehensive reports
• Utilizes the latest bookkeeping technology
• Clean up of books is included.
• Offers training for clients

Cons

• Unavailable on weekends
• Ideal for particular industries

Review by Customer

Professionalism and efficacy

“Apex Accounting has helped my company by providing a precise image of the financials. They allowed us to plan and execution of our goals in business. I was impressed by their professionalism and efficacy. I would highly recommend their services should you be in search of honest bookkeeping and financial services.” Barsha The KC

Bookkeeper who is reliable

“Apex Accounting has been a trustworthy and reliable bookkeeper located in Toronto. They are skillful and accountable. As a sole practitioner in MPCPA Professional Corporation, a CPA firm, I often confide our bookkeeping tasks with Apex Accounting and am always happy with their work. Additionally, I have recommended Apex Accounting to the other CPA acquaintances.” Madan Pokharel

5. Stern Cohen Accountants

Stern Cohen bookkeepers have years of experience in training, certifications, and training working in conjunction with many leading technology partners in order to offer customized solutions.

They utilize cutting-edge bookkeeping technology first of all, which we love. Because automation of the procedure reduces time as well as money, the process payoff in more efficient services.

In addition, their bookkeeping service packages are fully customizable and adaptable to the changing needs of your business. In return, you will can access the most current and accurate information as well as current financial reports.

Concerning security of data, they offer an established, secure Cloud-based Digital Platform. They are able to migrate your existing system and offer suggestions on the best technology solution that you require safely.

After speaking to a number of their former clients, we can declare that we enjoyed the positive results they managed to make through their bookkeeping services.

In the end The majority of clients reported better financial control and better business workflow because of having them as partners.

We’re awestruck by positive results We have to recommend them for their service that has delivered payoff without interruptions so far. But that does not mean that the service is 100 100% safe from minor issues, so we’re not keeping our breath.

In the end, to prove their excellent job, the company was honoured as the best of Accounting Customer Satisfaction for 2021. It’s not easy to win this honor with the level of other contenders, so it’s safe to say that it’s remarkable.

Pros

• Bookkeepers who are tech-savvy
• No service interruption
• Security of data for the company
• 24 hour open line of communication

Cons

• Focuses more on audit and business tax, as well as consulting and bookkeeping
• Physical office hours are only available for business hours during the week (Monday-Thursday)

Review by Customer

Professional skills and dedication

“Over the last 18 months, we’ve worked together with Stern Cohen as our primary provider of financial services. They’ve managed our tax reporting, financial reporting advice, advisory, inventory management, and cloud bookkeeping services. We couldn’t be more pleased. The employees of Stern Cohen are experts in their field, and are committed to the growth of our company, as well as our personal individual financial tales. We highly suggest them. we can rest comfortably at night knowing that all of the financial decisions we make and analyses are supported by their well-qualified skills and commitment.” Monica S. Tate

Flexible and great services

“I am awestruck by the words to say about each person from Stern Cohen (“SC”) who our company has enjoyed working with. Our company has grown by 12x within the past 3 years and SC has assisted us at every step of the way. They started by providing excellent bookkeeping services, and they also conducted an annual audit during their first collaboration with us. They’ve provided assistance and consultation on issues which range from US taxation, government incentive programs and long-term incentive plans. They can deal with any size company dealing with any issue.” Bruce Kaiser

6. Virtuous Bookkeeping

Virtuous Bookkeeping can assist small – to medium-sized businesses or non-profit organisations, as well as those who want an individual bookkeeper.

The founders of the company have a collective experience of more than 30 years in accounting, finance and outsourcing of business processes.

The Virtuous team includes Certified Public Accountants (CPAs) chartered accountants (CAs) as well as Certified Management Accountants (CMAs) as well as accredited analysts accountants (CGAs) with between 3 and 15 years of experience in their field.

At present, they provide service to more than 500 customers from various industries throughout the country. They employing 250 workers across the world and have locations located in Canada, India, and the Philippines.

For companies looking for bookkeepers with full or part-time hours Virtuous offers a unique and comprehensive service.

Their service includes journal entries processing for bank and credit card reconciliation HRST processing, HST filing invoicing processing, document management and outsourcing of data entry.

We believe that the firm’s greatest strength is its legal expertise and knowledge. We could assess by conducting interviews with clients and the evaluation of their track record.

We also appreciate the inclusion of more affordable choices for small-scale businesses who are having financial difficulties. In addition to the monthly plans They also offer services on an hourly basis offering customers a greater flexibility.

There aren’t enough these companies provide this level of service and that’s why they earn an A+ rating from us. In addition, clients receive no-cost consulting… that’s not an unusual offer, no doubt however it is valued when it is.

They also make use of the latest software platforms that are used in the Fintech sector to benefit streamline operations in the cloud by automation. We naturally have come to expect, and we’re very pleased with what they’ve produced in the beginning.

Pros

• There are no hidden fees for setup on their services.
• You are able to cancel or alter your plan at any time
• Experienced bookkeeping service with a long history
• Offers skillful benefit by CPAs or CAs CMAs as well as CGAs
• They serve 24/7 support via their virtual portal

Cons

• Since most bookkeeping processes are conducted through the cloud there is a chance of security issues and inaccurate data.

Customer Review

Responds quickly

“Some urgent tax problems and they were very quick to respond. They dealt with it in a skillful way. I would definitely recommend Virtuous Bookkeeping Services. It was an excellent encounter working with them. I had a number of urgent tax issues and they were able to respond quickly. They handled it in a well-qualified way. I would definitely recommend Virtuous Bookkeeping Services.” Marianne Neuper

Bookkeeping expert

“Excellent job done and completed promptly. Following my experience with them, I decided to sign up for their monthly bookkeeping service. This company is extremely efficient in the field of bookkeeping. I engaged Virtuous Bookkeeping to finish my catch-up work for the year 2019. They did a great job and completed the work promptly. Following my experience with them, I opted to sign up for their bookkeeping program for the month of June. This company is extremely efficient in the area of bookkeeping.” Nguyen Dieu Hang Phan