• Online Bookkeeping

    Virtual Bookkeeping Services in Canada

    Bookkeeping is the backbone of a business’s financials. Hiring a professional bookkeeper can greatly enhance your ability to manage budgeting and cashflows. It can also significantly enhance tax savings and growth opportunities. We're not just providing small businesses with quality online, virtual and cloud bookkeeping services in Canada; we sculpt financial narratives that drive growth.

    We strive to bring you state-of-the-art solutions so that you can save time and enjoy yourself with your friends and loved ones.

    Balance Your Books, Balance Your Business!

How Our Online Bookkeepers are Different

Our cloud platform provides our clients with a collaborative environment to facilitate a hassle-free bookkeeping experience with our bookkeepers. Our collaboration with you is greatly enhanced through the use of our online app, client portal, as well as the use of email and text reminders. With our customized mobile app for Android and iOS, you can:
Online Bookkeepers Canada

Offshoring NOT Outsourcing!

Our business values strictly discourage outsourcing because we highly regard the reliability and confidence our clients associate with us. We want to keep our client data in our own hands. Therefore, given the digital security and confidentiality risks arising from outsourcing, potential loss of control, quality concerns, lack of personalized support we provide, and compliance risks, we don’t entrust your files to anyone other than our own bookkeepers. So, hiring an Online Accountant means having a trustworthy partner on board.

At the same time, as an extension to our team of expert bookkeepers in Canada, we have embraced the offshore model, enabling us to retain the best offshore talent with specialized skills and years of loyal service to Online Accountant. By doing that, we bring you exceptional expertise that companies hiring only from Canada cannot afford. As an added benefit, we can offer you the most competitive rates in the market. These are the reasons that we have a track record of nearly 100% client retention and satisfaction rate.

To read more on offshoring vs outsourcing, refer to our blog:
Offshore or Die…

Our Official Bookkeeping Partners

As a proud Xero Gold Partner Champion and QuickBooks Elite Partner, we at Online Accountant focus on your growth and mobility while managing your bookkeeping with precision and efficiency. Xero and QuickBooks serve as the central databases for the bookkeeping process. What’s more important to us than providing accurate and secure bookkeeping services is your trust!

Award-Winning Bookkeeping Firm for Small Businesses

We are an Edmonton-based QuickBooks Pro Advisor Elite award-winning bookkeeping firm for small businesses in Canada. We also have achieved a golden milestone of becoming a Xero Gold Partner Champion. If you’re a small or medium enterprise looking for a seasoned bookkeeping company or for hassle-free bookkeeping review or management services, know that we are regularly handling hundreds of books like yours across Canada. Though each business has a unique financial outlook, our professional bookkeepers are waiting to take over your ledgers and carefully manage your books.
Quality Bookkeeping Services in Canada

Affordable and Transparent Pricing for Bookkeeping

When you hire a bookkeeper, you expect them to enhance your financial understanding of your business by cost-efficiently providing support with numbers rather than just becoming another debit transaction on your statement.

Our pricing model is based on fixed monthly payments through your credit or debit card. No surprise invoices or hidden fees. Our service contracts offer affordable pricing for up to 36 months. We guarantee that your monthly payment will never change. With no commitment necessary, you can quit at any time.

As an Edmonton based leading online bookkeeper in Canada, we offer competitive bookkeeping packages. Whether your needs are weekly, monthly, quarterly or yearly, we are affordable for your budget.

Certified Professional Bookkeepers

As a trustworthy online bookkeeping firm in Canada, we employ qualified bookkeepers with the highest level of education (ACCA, ICAP, ACMA) and years of Canadian work experience, to ensure that your books are managed by specialists while keeping costs to a minimum. It also allows us to be available around the clock to provide timely support. No geographical limits, just exceptional cloud bookkeeping to help you grow your business. This is our competitive edge over other bookkeepers in Canada.

Decoding Bookkeeping Complexities with Ease

Quality Bookkeeping
Services in Canada

We don’t just input your data; we attach the source documents of your transactions right into your bookkeeping software, something most bookkeeping companies don’t do. It enhances the authenticity and accuracy of your transactions, making them ready for CRA review and audit. At Online Accountant, we strive to win your trust and earn your loyalty as a client.

Our Online Bookkeepers and Bookkeeping packages in Canada are devised such that we invest more time on your books each month compared to other Canadian bookkeepers, delivering a more complete and comprehensive set of books.

Secure Cloud Bookkeeping

From owning our physical locations in talent rich countries, to using encrypted network connections, with multi-layered security both physically and virtually, we are integrated in such a way that you can be assured your data is safe.

Secure Cloud Bookkeeping Services
Secure Cloud Bookkeeping Services
Compliance Bookkeeping Canada

Effective and Compliant Bookkeeping

Online Accountant is a virtual bookkeeping firm that follows all CRA regulations while taking care of your accounts and books. We ensure our clients are in good standing with CRA filing requirements and stay informed about any changes in tax laws.

Bespoke Bookkeeping Services for Small Business Enterprises

Each small business in Canada has their own rhythm and their unique way of doing things. We don’t offer one-size-fits-all solutions. Instead, we take a deep dive into the world of your small business, putting together a set of industry specific apps, creating a comprehensive accounting solution tailored to your business. Our Online Bookkeepers listen, adapt, and create strategies and solutions that perfectly match the heartbeat of your business. It’s like having a bespoke suit – designed just for you, fitting every curve and contour of your small business’s financial needs.

Bespoke Bookkeeping Services for Smaller Enterprises

Bookkeeping Apps and Software

Some of the Bookkeeping apps and software we recommend to our clients

Apps

  • Knit
  • Nimbus
  • Money Thumb
  • Grasshopper
  • HubDoc
  • Dext
  • Payworks
  • Wagepoint
  • Payevo
  • Plooto
  • Stripe
  • Shopify
  • Amazon
  • GoCardless
  • Square
  • HubSpot
  • Chaser
  • ServiceM8
  • Zapier
  • Expensify
  • Humi
  • Lightspeed
  • SuiteFiles
  • A2X
  • Unleashed
  • Cin7 Core
  • Fathom
  • PayPal
  • Ignition
  • Paidnice
  • ApprovalMax
  • Projectworks
  • Syft

Software

  • Xero
  • QuickBooks Desktop
  • QuickBooks Online
  • Sage 50

Bookkeeping Apps and Software

Some of the Bookkeeping apps and software we recommend to our clients

Apps

  • Knit
  • Nimbus
  • Money Thumb
  • Grasshopper
  • HubDoc
  • Dext
  • Payworks
  • Wagepoint
  • Payevo
  • Plooto
  • Stripe
  • Shopify
  • Amazon
  • GoCardless
  • Square
  • HubSpot
  • Chaser
  • ServiceM8
  • Zapier
  • Expensify
  • Humi
  • Lightspeed
  • SuiteFiles
  • A2X
  • Unleashed
  • Cin7 Core
  • Fathom
  • PayPal
  • Ignition
  • Paidnice
  • ApprovalMax
  • Projectworks
  • Syft

Software

  • Xero
  • QuickBooks Desktop
  • QuickBooks Online
  • Sage 50
Bookkeeping Apps and Software Bookkeeping Apps and Software

Reimagine Your Success with Our Online Bookkeepers

To thrive in Canada’s competitive business environment, you need more than just a bookkeeper; you need a visionary expert. And that’s precisely what we offer. Let’s reimagine success together by blending traditional wisdom with innovative strategies and build the ultimate accounting solution for you. 

Reimagine Success with Online Bookkeepers
Reimagine Success with Online Bookkeepers

Complementary Onboarding and Continuous Support

All of Online Accountant’s clients receive onboarding at no additional cost. Moreover, as part of our mission to replace outdated bookkeeping processes with our state-of-the-art cloud bookkeeping solutions, you can get us to convert your existing accounting system to a new cloud-based system or one cloud-based system to a new one.

We are more than just another cloud bookkeeping service in Canada. Our mission is to ensure our clients enjoy stress-free bookkeeping services. For this purpose, we provide virtual one-to-one meetings, help you understand the existing systems and provide customized advice. We are here almost 24/7 to answer any questions or concerns you may have.

Sustainability and Growth
Our Twin Commitment to Bookkeeping

Industries We Serve

Services

Goods and Production

Technology and Infrastructure

FAQs

Bookkeeping refers to the systematic recording, organizing, and tracking of financial transactions and activities within an organization. It involves maintaining accurate and detailed records of all financial transactions, such as purchases, sales, expenses, and revenues, in a structured manner. Bookkeeping serves as the foundation for financial reporting and analysis, allowing businesses to monitor their financial health and make informed decisions.

The basic bookkeeping process involves several key steps: recording financial transactions in journals, posting entries to ledgers, creating trial balances to ensure debits and credits match, preparing financial statements such as the income statement and balance sheet, and finally, reconciling discrepancies and errors to ensure the accuracy of the recorded information.

Bookkeeping is used to maintain a clear and organized record of a company’s financial activities. It helps businesses track their income, expenses, assets, and liabilities, providing insights into financial performance and aiding in making sound business decisions.

Accurate bookkeeping is crucial for complying with tax regulations, meeting reporting requirements, securing loans or investments, and evaluating the overall financial health of an organization.

The three types of bookkeeping are single-entry bookkeeping, double-entry bookkeeping, and computerized bookkeeping.

  1. Single-entry bookkeeping involves recording transactions as a simple list, suitable for small businesses with relatively straightforward finances.
  2. Double-entry bookkeeping is more comprehensive, requiring every transaction to be recorded with at least two entries to maintain the balance between debits and credits.
  3. Computerized bookkeeping employs software to automate and streamline the recording and tracking of financial data.

While often used interchangeably, accounting and bookkeeping are distinct but interconnected processes. Bookkeeping is the foundational process of recording and organizing financial transactions. It involves tasks like data entry, maintaining ledgers, and generating reports.

Accounting, on the other hand, involves a higher level of analysis and interpretation of financial data. Accountants use the information generated by bookkeepers to analyze financial trends, make forecasts, provide financial advice, and prepare financial statements. In essence, bookkeeping is about capturing data accurately, while accounting focuses on analyzing and interpreting that data to provide strategic insights.

Save Yourself & Your Business Time with Our Bookkeeping Services

We, at Online Accountant aim to deliver seamless online bookkeeping solutions for Canadian businesses from coast to coast. Leave the paperwork to us and focus on your goals. We’ll make sure your books are always in order!

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