Any statement, proved to the cent
Bank and credit card statements read straight from a PDF, a scan or a CSV — then balanced against the statement total, so nothing is quietly dropped or doubled.
Toronto, Ontario
Accounting software in Toronto
Books for Toronto's finance, technology and film and television — each client in a company of its own, on its own chart of accounts. Bank and card statements read and proved, HST at 13%, and year-end working papers — online or on Windows.
Books in Toronto
What a set of Toronto books has in it
In a city of about 2.8 million built on finance and technology, a practice is rarely keeping one kind of books. The same bookkeeper has a client on cash receipts and a client on progress billing, and month end has to close both.
The local detail that shows up in the ledger: the widest range of payrolls in the country sits inside one city — salaried finance staff, unionised trades, restaurant staff on tips and film crews on short contracts.
Month end starts with the statements, and BooksAuto reads a bank or credit card statement from a PDF, a scan or a CSV and proves it against the statement total before anything is posted. A dropped page or a doubled transaction is caught then, not at year-end. Transactions are coded to the chart of accounts and learn from the corrections you make.
Finance in Toronto
The part of these books that catches people out
Financial services are generally exempt rather than zero-rated, and that is a sharper distinction than it sounds: exempt means the GST paid on your own costs is not fully recoverable. It is the reverse of most businesses, and a chart of accounts that assumes everything is recoverable will overstate the refund every quarter.
General Canadian sales-tax treatment, not advice on your own return — and municipal charges vary, so confirm what applies to your business before you file.
Set by the province, not the city
Sales tax behind a Toronto ledger
A Toronto business charges HST at 13% — a provincial rule, so the same in every Ontario town. How the accounts are set up for it and how input tax credits are tracked is on the Ontario accounting page.
Payroll is in the same program, so a Toronto client's wages, source deductions and employer cost post themselves into these books on the accounts you chose — nothing re-keyed from a payroll summary.
Accounting features
What you need to keep a set of books in Toronto
Categorized as it comes in
Transactions are coded to the chart of accounts and learn from the corrections you make, so the second month takes a fraction of the first.
GST, HST, PST and QST
The sales tax return comes out of the ledger rather than a spreadsheet, with the working behind every figure and the input tax credits separated out.
Customers, vendors and invoices
Invoices and bills with what is owed and owing, aged, and the payments matched against them.
Reconciliation you can show
Bank reconciliations with the outstanding items listed, so a reviewer can see why the books and the statement differ.
Working papers A–N
The year-end file an accountant actually hands over: lead sheets, the trial balance, the adjusting entries and the support behind each one.
Payroll posts itself into these books, so wages, source deductions and the employer cost land on the right accounts without a journal entry.
Pricing
Accounting software pricing in Toronto
Same price everywhere in Canada — 50% off Payroll for your first year. Accounting firms: $3 Payroll + $3 Bookkeeping per client per month.
Questions
Accounting questions from Toronto
What is different about finance books in Toronto?
Financial services are generally exempt rather than zero-rated, and that is a sharper distinction than it sounds: exempt means the GST paid on your own costs is not fully recoverable. It is the reverse of most businesses, and a chart of accounts that assumes everything is recoverable will overstate the refund every quarter.
What sales tax applies to a Toronto business?
A business in Toronto charges HST at 13%, the same as the rest of Ontario. Sales tax is set by the province, not the city — though a municipality may levy its own charge on things like accommodation, which is reported separately from the sales tax.
Can you read my bank statements?
Yes — as a PDF, a scan or a CSV. Each statement is proved against its own closing total before anything is posted, so a missing page or a doubled transaction is caught at the start of the month rather than at year-end.
How much does accounting software cost in Toronto?
The same everywhere in Canada: $10 per company per month, with a 30-day free trial and no per-transaction charge.
Do I need an accountant to use it?
No, though many Toronto businesses share the file with theirs. The year-end working papers are the ones an accountant expects, so handing the file over does not mean rebuilding it.
Also in Toronto
The rest of BooksAuto
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