Online bookkeeping for Canadian businesses

Books kept remotely and reviewed by a CPA

Online bookkeeping works when the records move cleanly. Bank and card feeds are connected, receipts are photographed once, and the month closes on the same days every time. HBT sets that up from its Calgary office for businesses in any province and keeps the work in your own accounting file, so you can open it whenever you like.

Sales tax is what changes most from one province to the next. Alberta and the territories have only the 5% GST, Ontario and the Atlantic provinces have a single HST, and British Columbia, Saskatchewan and Manitoba add a provincial tax of their own. Quebec adds the 9.975% QST. The codes in your file are set for the province you operate in and checked against each return.

What a monthly close includes

How the work begins

1. 1

   Step 1: Open the file

   Read access to the accounting file or an export, the bank connections and the last filed returns.

2. 2

   Step 2: Agree the rhythm

   Close dates, who approves, what each side sends and the fee, written down before paid work starts.

3. 3

   Step 3: Close, explain, repeat

   Books reconciled, exceptions explained, reports sent and next month's items listed.

Can HBT keep the books for a business outside Alberta?

Yes, when the scope fits. HBT works from Calgary and has no office elsewhere, so the work runs remotely in your own file, whether that is QuickBooks Online, Xero, Sage, Wave, FreshBooks or Zoho Books (or a QuickBooks Desktop file), with the sales tax codes for your province and records exchanged securely. A short first conversation confirms the entity, the software, what is filed and what is behind.