Outsourced Bookkeeping and Accounting Services in Canada
We offer comprehensive outsourcing tax and accounting services for CPAs and accounting firms in Canada.
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EMPOWERING CPAs IN CANADA
Your Trusted Outsourced Accounting Services Provider for CPAs Accounting Firms in Canada.
Accounting Farm is your strategic partner, providing reliable and efficient outsourced accounting and bookkeeping services tailored to CPAs, accounting, and bookkeeping firms across Canada.
We have hands-on experience and updated knowledge of federal and provincial taxation and CRA Guidelines, allowing us to serve our clients accurately and efficiently.
Our Oursourced Accounting Services in Canada
We provide a full suite of accounting outsourcing solutions to your CPA or accounting firm tailored to your needs. Our services empower you to manage your workflow, enabling growth and success effectively.
- Bookkeeping Services
- Accounting Services
- Payroll Processing Services
- Tax Services
Bookkeeping Services:
We provide comprehensive bookkeeping solutions, including invoice recording, report preparation, payment tracking, account reconciliations, and month-end closing.
- – Recording invoices for purchases and sales
- – Preparing aging reports and summaries
- – Tracking payments and collections
- – Reviewing debtor’s and creditors’ ledgers
- – Reconciling bank accounts
- – Reconciling credit card statements
- – Reconciling inventory records
- – Fixed asset accounting
- – Preparing month-end journal entries
- – Month-end closing and reporting
Accounting Services:
Our accounting services are tailored to meet your client’s unique requirements in Canada. We ensure compliance with Canadian accounting standards, labour laws, and business practices, providing seamless financial management.
- – Preparing financial statements (compilation)
- – Year-end adjusting journal entries
- – General ledger review
- – Reconciling assets and liabilities
- – Analytical review and variance analysis
- – Preparing Excel schedules and working papers
- – Preparing year-end management accounts
- – Updating compliance forms
Payroll Processing Services:
Our payroll processing services are tailored to meet the unique needs of your clients, ensuring full compliance with federal and provincial regulations. We offer a streamlined and efficient approach to managing your client’s payroll operations, allowing you to focus on your core business activities.
- – Payroll calculation and processing
- – Statutory deduction calculations (CPP, EI, income tax)
- – Direct deposit and payment processing
- – Year-end reporting (T4, T4A, Relevé 1 slips)
- – Remittance of payroll taxes and filings
- – Maintenance of employee records
Tax Services:
We have expertise in handling various tax returns (individual, corporate, trust, partnership, non-profit) and GST/HST filings, ensuring full compliance with Canadian tax regulations and maximising legitimate deductions. Additionally, we assist in claiming foreign tax credits for taxes paid in other countries, optimising your tax situation.
- – Individual tax returns (T1)
- – Corporate tax returns (T2)
- – Trust tax returns (T3)
- – Partnership tax returns (T5013)
- – Non-profit organization returns (T3010)
- – GST/HST and provincial sales tax returns
- – Claiming foreign tax credits (FTC)
More than 60% Cost Savings
This is an approximate price for the managed FTE process. Actual prices may vary based on the complexity of the services.
Hiring In-House Accountant
Outsourced Accounting Services
Total Annual Cost
$ 65,000 - $ 1,00,000
$ 25,000* - $ 40,000*
- Base Salary
- Benefits (20-30%)
- Training and Development
- Overhead Costs
- $ 50,000 - $ 70,000
- $ 5,000 - $ 10,000
- $ 5,000 - $ 10,000
- $ 5,000 - $ 10,000
- $ 25,000 - $ 40,000
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We use the Technology you use
Certified Experts
We are a trusted team of Xero and QuickBooks Certified Experts. With our deep knowledge and expertise in these platforms, we provide top-tier accounting outsourcing services and bookkeeping outsourcing services to help CPAs, Accounting and Bookkeeping firms succeed.
CLIENT TESTIMONIALS
At Accounting Farm, we take pride in delivering outstanding results and building successful partnerships with our clients. Here are a few client success stories that highlight the benefits of outsourcing accounting and bookkeeping to our firm.
Raymond HuanI have worked with Drashti from the Accounting Farm for over a year now. She has shown her self to be professional and knowledgeable in her field. There were initial hiccups on the work, but I put this down to miscommunications when starting a new job. Other than that, she has proven to be competent in what she does and has given me peace of mind in my accounts work. I look forward to her continuing to work on my accounts.Ramana AtmakuruDrashti has been helping us for more than a year. We found her very helpful and dedicated.Gurjinder Singhhave been working with Accounting farm from a long time; definitely recommend them for accounting and on-going book-keeping tasks including preparing tax returns.Melissa PaceI had a great experience with Accounting Fram Inc. I intent to engage them again in the future.srushti gandhiI am happy to join with this accounting farm they provide best bookkeeping services.Padhiyar UrvashiThis is best accounting farm they provide best bookkeeping services. l am so glad to join with this accounting farm they provide best services to their clients I suggest if you need bookkeeping services this is best for you.
CONNECT WITH US NOW
Our team can provide you with tailored services according to your needs. Feel free to schedule a meeting at your convenience or submit the contact form.