Professional Bookkeeping Services for
Canadian Businesses

At Far Beyond Bookkeeping, we provide a comprehensive suite of bookkeeping services designed specifically for Canadian businesses across all industries and provinces. Our full-cycle bookkeeping encompasses every aspect of financial record management, starting from moment you receive your first transaction to preparation of year-end financial statements ready for CRA audits and tax filings.

Our daily transaction management services ensure that every sale, expense, payroll payment, and purchase is accurately recorded in your accounting system. We handle all types of transactions including cash payments, credit card transactions, e-commerce sales through platforms like Shopify and WooCommerce, bank transfers, and even complex multi-currency transactions for businesses operating internationally. Our team of certified bookkeepers is trained in Canadian accounting standards (GAAP) and maintains complete, audit-ready records that meet all CRA requirements.

Beyond basic transaction recording, we provide bank and credit card reconciliation services that verify every transaction matches your actual bank and credit card statements. This critical process catches errors, identifies unauthorized transactions, and ensures your books accurately reflect your financial position. We typically reconcile accounts weekly or bi-weekly depending on transaction volume, providing you with regular peace of mind and up-to-date financial visibility.

Our month-end close procedures include preparing trial balances, reviewing accounts for accuracy, making adjusting entries for accruals and deferrals, and generating comprehensive financial statements including balance sheets, income statements, and cash flow statements. These reports are delivered on a consistent schedule, giving you and your stakeholders timely insights into business performance.

Additionally, we manage accounts payable and accounts receivable, ensuring invoices are sent promptly, payments are tracked, and vendor relationships are maintained. Our bookkeeping services integrate seamlessly with all major Canadian payroll providers and tax preparation software, creating a unified financial management system that eliminates data entry errors and ensures consistency across all financial operations.

GST (Goods and Services Tax) and HST (Harmonized Sales Tax) compliance is a critical aspect of Canadian business operations, and our team has deep expertise in managing complex tax landscape across 9 Canadian provinces. We understand that different provinces have different tax rates, filing schedules, and compliance requirements, and we maintain current knowledge of all provincial tax regulations to ensure your business remains compliant everywhere you operate.

For businesses in HST provinces (Ontario, Nova Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island), we calculate of 13% or 15% harmonized tax rates on taxable sales and purchases, manage input tax credits for business expenses, and prepare GST/HST returns with CRA. We track GST/HST collected on sales and GST/HST paid on purchases to determine your net tax obligation or refund, ensuring you don't pay more tax than required while maintaining complete audit trails.

In provinces with separate PST systems (British Columbia, Saskatchewan, Manitoba,), we navigate complex interactions between federal GST and provincial sales taxes. In for example, we manage GST (5%) calculations, prepare combined GST remittances, and handle unique documentation requirements of bilingual tax filings. In British Columbia, we understand which purchases are PST-exempt and which are taxable, ensuring accurate tax calculations and preventing costly errors.

Alberta businesses benefit from our expertise in GST-only environments (5% rate), where we focus on precise GST calculations, input tax credit management, and compliance with Alberta's specific business tax regulations. For businesses operating across multiple provinces, we implement sophisticated tax calculation systems that apply correct tax rates based on transaction location, customer location, and product taxability, handling complexity of inter-provincial commerce automatically.

Our GST/HST services include managing annual GST/HST filing requirements, quarterly remittances for businesses with annual revenue over $30,000, and ensuring all filing deadlines are met to avoid costly penalties. We also help businesses understand their registration obligations, manage voluntary disclosures for past errors, and implement systems to track GST/HST on transactions in real-time.

Far Beyond Bookkeeping distinguishes itself from other Canadian bookkeeping firms through our comprehensive approach to financial management, our deep expertise in Canadian tax regulations across 9 provinces, and our commitment to personalized service that truly understands each client's unique business challenges and opportunities.

Unlike many bookkeeping services that focus solely on data entry and basic reconciliation, our approach is strategic and holistic. We don't just record transactions—we understand business context behind every financial entry. Our certified bookkeepers and tax professionals take time to learn your industry, your business model, your growth plans, and your specific operational challenges. This enables us to provide proactive financial insights rather than reactive data processing, helping you make better business decisions based on accurate, timely financial information.

Our technology-first approach sets us apart in Canadian market. We've invested heavily in cloud accounting platforms, automation tools, and integration systems that streamline bookkeeping processes while improving accuracy and reducing costs. We use advanced reconciliation tools that automatically match transactions, AI-powered categorization systems that learn your spending patterns, and real-time dashboards that give you instant visibility into your financial position. This technology expertise means we can handle higher transaction volumes more efficiently than traditional bookkeeping firms.

Our Canadian tax compliance expertise is unparalleled. Every member of our team undergoes rigorous training in CRA regulations, provincial tax requirements, and industry-specific accounting standards. We maintain current knowledge of tax law changes, filing deadline adjustments, and new CRA requirements through continuous professional development. This expertise means we catch tax planning opportunities, identify compliance risks before they become problems, and prepare your business for CRA audits with confidence.

Our commitment to client service defines Far Beyond Bookkeeping experience. Every client is assigned a dedicated account manager who understands your business inside and out. We provide regular financial review meetings, strategic advisory sessions, and responsive support whenever you have questions or concerns. Our communication is clear, timely, and always focused on helping your business succeed. We measure our success by your success, and we're proud of our 98% client retention rate.

Data security is a fundamental commitment at Far Beyond Bookkeeping, and we've implemented comprehensive, multi-layered security protocols to protect your financial information from unauthorized access, data breaches, and other cyber threats. We understand that bookkeeping and financial data is among your most sensitive business information, and we treat it with highest level of security and confidentiality required by Canadian privacy laws and industry best practices.

Our cloud accounting platforms include enterprise-grade security features including end-to-end encryption for all data transmission, encrypted data storage at rest, and secure access controls that limit information to authorized personnel only. We work exclusively with Canadian-compliant cloud accounting providers like QuickBooks Online Canada, Xero Canada, and FreshBooks Canada, all of which maintain data centers in Canada to ensure compliance with Canadian data residency requirements and PIPEDA (Personal Information Protection and Electronic Documents Act) regulations.

Access to your financial data is strictly controlled through unique user credentials, multi-factor authentication (MFA), and role-based permissions that limit what each team member can see and do based on their job requirements. Our team members undergo thorough background checks and sign comprehensive confidentiality agreements before accessing any client information. We maintain detailed access logs that track all system activity, enabling us to detect and respond to any suspicious access attempts immediately.

Our internal security processes include regular security audits, vulnerability assessments, and penetration testing to identify and address potential security weaknesses before they can be exploited. We maintain current knowledge of emerging cybersecurity threats and implement proactive security measures to protect against ransomware, phishing attacks, and other common threats targeting financial data.

Business continuity and disaster recovery are integral to our security approach. We maintain redundant data backups, secure off-site storage, and tested recovery procedures to ensure your financial data is never lost and can be quickly restored in event of hardware failure, natural disasters, or other disruptions. Our security protocols are documented, regularly reviewed, and communicated to all team members to ensure consistent implementation across our organization.

Yes, supporting businesses through CRA (Canada Revenue Agency) audits is one of our core competencies, and we've successfully guided dozens of Canadian clients through both random desk audits and comprehensive on-site audits. Our CRA audit support services include comprehensive preparation, ongoing representation throughout audit process, and post-audit assistance with any required corrections or appeals.

Our proactive approach to audit preparation begins well before any CRA audit notice is received. We maintain audit-ready financial records year-round, ensuring all transactions are properly documented with supporting evidence, all reconciliations are complete and accurate, and all required CRA filings are submitted on time with complete documentation. This meticulous preparation means that if your business is selected for audit, you'll have the documentation and evidence needed to support your tax filings and respond to CRA questions confidently.

When a CRA audit notice arrives, our team immediately mobilizes to provide comprehensive support. We review the audit scope and requirements, prepare all requested documentation, organize supporting evidence and transaction records, and conduct a pre-audit review to identify any potential issues or areas requiring clarification. We prepare detailed explanations and supporting documentation for complex transactions, unusual patterns, or items that may attract auditor attention.

During the audit process, our team provides ongoing representation and support. We can attend audit meetings on your behalf, respond to CRA information requests, answer auditor questions, and provide additional documentation as needed. We help clarify misunderstandings, explain the rationale behind specific accounting treatments, and ensure that auditors have all information necessary to understand your financial position correctly.

Our post-audit support includes reviewing audit findings, addressing any identified issues, and implementing recommendations to improve future compliance. If the CRA proposes adjustments or reassessments, we help you understand the implications, assess whether to accept or challenge the findings, and prepare for appeals if warranted. Our goal is to minimize audit disruptions, protect your business interests, and use the audit experience to strengthen your financial management practices going forward.

Far Beyond Bookkeeping has developed deep expertise across a wide range of Canadian industries, enabling us to provide specialized bookkeeping services that address industry-specific accounting challenges, compliance requirements, and best practices. Our team has hands-on experience working with businesses of all sizes across virtually every sector of the Canadian economy.

For retail and e-commerce businesses, we understand inventory management challenges, multi-channel sales tracking, payment processor reconciliation, and unique tax implications of selling across provincial borders. We work extensively with Shopify, WooCommerce, and other e-commerce platforms, providing specialized bookkeeping that tracks sales, refunds, shipping, and complex multi-currency transactions. Our retail expertise includes point-of-sale system integration, inventory valuation methods, and sales tax calculations for different product categories.

Professional services firms (lawyers, consultants, designers, agencies) benefit from our expertise in project-based accounting, time tracking integration, billable hours recording, and trust account management for law firms. We understand revenue recognition challenges of professional services, the importance of tracking project profitability, and the unique expense structures of knowledge-based businesses. Our professional services clients appreciate our ability to provide timely project financial reports that help them make better business decisions.

For construction and trades businesses, we handle job costing, progress billing, subcontractor management, WSIB tracking, and complex project accounting. Our construction industry expertise includes managing retainage, tracking change orders, reconciling supplier invoices with project budgets, and ensuring proper cost allocation across multiple job sites. We understand the cyclical nature of construction cash flow and provide financial insights that help contractors manage working capital effectively.

Manufacturing businesses rely on us for inventory accounting, production cost tracking, raw material reconciliation, and complex supply chain financial management. Our manufacturing expertise includes cost of goods sold calculations, work-in-process inventory valuation, equipment depreciation tracking, and overhead allocation across production lines. We help manufacturers understand product profitability and identify cost-saving opportunities through detailed financial analysis.

Beyond these core industries, we serve restaurants, healthcare practices, technology startups, non-profits, real estate agencies, transportation companies, and many other sectors. Our breadth of industry experience means we can quickly understand your business model, identify industry-specific financial patterns, and implement bookkeeping systems that capture the metrics that matter most for your type of business.

Getting started with Far Beyond Bookkeeping is straightforward and efficient. We've designed our onboarding process to minimize disruption to your business while ensuring we have all the information needed to set up your bookkeeping system correctly from day one. Most clients are fully onboarded and receiving regular financial reports within 1-2 weeks of contacting us.

The process begins with a free consultation where we learn about your business, understand your current bookkeeping situation, and discuss your financial management goals. This initial conversation helps us assess your needs, recommend the right level of service, and provide you with a transparent quote for our services. During this consultation, we'll ask about your industry, business size, transaction volume, current accounting systems, any specific challenges you're facing, and what financial insights you'd like to gain from better bookkeeping.

Once you decide to proceed, we conduct an accounting system assessment where we review your current setup, identify any issues or areas for improvement, and plan the transition process. If you're already using cloud accounting software, we'll assess its suitability and recommend any changes or customizations needed. If you're using desktop software or spreadsheets, we'll help you migrate to a modern cloud platform. This assessment ensures that your new bookkeeping system is optimized from the start.

The system setup and migration phase involves connecting your bank accounts, credit cards, and payment processors to our accounting platform, establishing your chart of accounts, setting up any required integrations, and creating custom reports tailored to your business needs. For businesses migrating from other systems, we carefully transfer historical data and reconcile balances to ensure accuracy. We also implement security controls, user permissions, and backup procedures appropriate for your business.

After setup is complete, we provide comprehensive training for your team on how to use the new system, including how to upload receipts, approve expenses, review reports, and access real-time financial information. We create customized training materials and documentation specific to your business processes, and we remain available to answer questions as your team becomes comfortable with the new system.

Once everything is set up and your team is trained, you'll start receiving regular financial reports on your preferred schedule—weekly, bi-weekly, or monthly. Your dedicated account manager will conduct regular review meetings to discuss your financial position, identify trends, and provide strategic insights. You'll have ongoing access to support whenever you have questions, need help with transactions, or want to discuss financial planning opportunities.