Bookkeeping & reconciliations
Transaction coding, bank and credit-card reconciliations, and a clear list of items that need your attention each month.
Ontario · Online service
Accounting for small businesses in Ontario
One online team for your monthly bookkeeping, QuickBooks Online, GST/HST returns and reporting, with corporate tax returns and payroll quoted separately. Delivered online by the BMD Legacy Canada team.
How we helpEverything your business needs.
Everything your business needs.
Clearly scoped.
GST/HST returns
Standard GST/HST return preparation and filing at the frequency the Canada Revenue Agency has assigned to your business, included in every Canadian package.
Monthly reporting & reviews
A monthly profit and loss statement and balance sheet, with financial reviews at the level your package includes.
Corporate tax & payroll
T2 corporate income-tax returns and payroll support, quoted according to your business before work starts.
Included in every package
One monthly scope.
- Monthly bookkeeping and bank and credit-card reconciliations
- An eligible QuickBooks Online subscription
- Standard GST/HST returns at the frequency the CRA has assigned
- A monthly profit and loss statement and balance sheet
Quoted separately
Agreed before work starts.
- Payroll
- T2 corporate income-tax returns and specialist tax work
- Incorporation and new registrations
- Historical clean-up and catch-up work
Packages in Canadian dollars
Clear monthly pricing in CAD.
Starter
CAD$349 / month
+ CAD$17.45 administration fee (5%) per month
Total: CAD$366.45 / month, before tax
- Up to 75 transactions per month
- 1 bank account + 1 credit-card account
- Annual financial review
Growth
CAD$549 / month
+ CAD$27.45 administration fee (5%) per month
Total: CAD$576.45 / month, before tax
- Up to 200 transactions per month
- Up to 3 bank or card accounts
- Quarterly financial review and management call
Scale
CAD$899 / month
+ CAD$44.95 administration fee (5%) per month
Total: CAD$943.95 / month, before tax
- Up to 400 transactions per month
- Up to 5 bank or card accounts
- Monthly financial review and call
Prices exclude applicable taxes. Online subscriptions have a 12-month term, billed monthly, renewing automatically unless cancelled at least 60 days before the term ends, under our Online Accounting Services Agreement for Canadian business clients; they are provided and billed by BMD Legacy Inc., 350 Bay Street, Suite 1300b, Toronto, Ontario M5H 2S6, Canada. Corporate income-tax returns, payroll, new registrations and historical clean-up are quoted separately.
A straightforward way to workUnderstand.
Understand.
Agree.
Move forward.
- We understand your business, systems and priorities.
- We agree the scope, deliverables, responsibilities and fees.
- We establish access and the information we need.
- We deliver the agreed work and review the next steps.
Services are tailored to your jurisdiction and business. Specialist work and additional requirements are scoped separately.
Small business accounting
What to prepare for our first conversation
- Your accounting software and the last completed month
- Your GST/HST account and how often you file
- Approximate monthly transactions and the number of bank or card accounts
Start with an outline of your needs. Share confidential records through the client portal once your engagement and access are arranged.
Questions about accounting in Ontario
Do you work with businesses anywhere in Ontario?
Yes. Our Canada service is delivered online, so where your business is in Ontario does not change how we work. Calls are booked in Toronto time, and documents are exchanged through the client portal once your engagement starts.
What does a monthly package include?
Bookkeeping and reconciliations, an eligible QuickBooks Online subscription, standard GST/HST returns at your assigned frequency, and a monthly profit and loss statement and balance sheet, within your package’s transaction and account limits.
Are corporate income-tax returns included?
No. Corporate income-tax returns are quoted separately unless your signed engagement expressly includes them.
What if my books are behind?
Tell us the last reconciled month and the periods that need attention. Historical clean-up and catch-up work are quoted separately, so you can see exactly what the monthly service covers.
Ontario enquiriesTell us about
Tell us about
your business.
A few short fields. The BMD Legacy Canada team aims to reply within one business day, in Toronto time.
Prefer a call? Book 15 minutesBMD Legacy Inc. · 350 Bay Street, Suite 1300b, Toronto, Ontario M5H 2S6. Service delivered online across Ontario.
Start a conversation
Your enquiry goes straight to our Canada team.
Let’s make your
next step a clear one.
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