Toronto Accounting Firm

Bookkeepers are in responsible for recording financial transactions and keeping correct financial records such as accounts payable and receivable.  Accountants, on the other hand, analyse financial data provided by bookkeepers to prepare reports such as notice to reader financial statements and corporate tax returns. They also offer financial advice and counseling to assist small and medium-sized business owners in making sound business decisions.

The cost for an accountant in Toronto may vary depending on their experience level, the depth of your accounting requirements, and the time required to complete the work. Our hourly rates at SRJ Chartered Accountants for accounting and tax services range from $120 to $400 per hour. 

We also provide custom service packages that can be modified to meet your requirements and budget. We provide a free consultation during which we may go over your demands and provide you with a quote so that you can better understand the price of our services. Get in contact with us right now to schedule your consultation.

The best online accounting system depends on your business needs and budget. At SRJ Chartered Accountants, we recommend using QuickBooks Online, Sage, Wave or Xero for small to medium-sized businesses. These systems offer a range of features, such as invoicing, expense tracking, and financial reporting. 

QuickBooks Online starts at $20 monthly for their basic plan, while Xero is $11 monthly.  These prices can vary bases on your region and the type of software being utilized.  Both systems offer mobile apps, integrations with other business tools, and excellent customer support. Our team of accounting experts can help you choose the right system for your business and assist with setup and training. Contact us today to learn more.

We understand how challenging it can be for startups to find the best online accounting service that fits their needs and budget. We recommend considering several factors, including your budget, the level of support needed, and ease of use. As a reputable accounting firm, we suggest exploring popular options like our cloud accounting services which use progressive software such as QBO,Xero, and Wave, which offer comprehensive bookkeeping, and financial reporting features. 

We encourage you to research each option and determine which suits your unique startup venture best. At SRJ, we are always here to support and guide you in making the right decision for your business.

Hiring an accounting firm can provide numerous advantages for your business. They can save you time managing finances, provide expert guidance, and ensure compliance with tax laws to avoid penalties. By engaging with an accounting firm, you can have more peace of mind and focus on developing your business. When considering online accounting services for your business, remember to consider the budget, support services offered, and ease of navigation, and research which is best suited for your needs.

Accounting services are crucial for any business, regardless of size or type. You can effectively manage your finances and make informed decisions by maintaining accurate financial records and reports. Accounting services also ensure compliance with tax laws and regulations, reducing the risk of penalties or fines. 

Moreover, these services can help identify areas where costs can be reduced, and profits increased, laying a strong foundation for the future of your business. With detailed financial information, you can confidently make strategic decisions to foster growth and success in your venture.

When selecting an accounting company, it's crucial to do your research. Look for a firm with relevant industry experience and proper credentials, like a CPA designation. Also, consider their ability to communicate financial information in a way you can understand. Reputation and reviews from past clients should also be taken into account. 

Lastly, ensure their fees fit your budget. Considering these factors will help you find an accounting company that best suits your business's needs.

As a reputable accounting firm, SRJ  offers various services to benefit businesses of all sizes. These services include bookkeeping, payroll management, tax preparation, and financial reporting. Our team of experienced professionals is dedicated to providing personalized, attentive services to ensure your financial records are accurate and up-to-date. 

The professionals at SRJ hold various certifications and designations, including:

• Chartered Professional Accountant (CPA)
• ACCA
• Certified Public Accountant (CPA)

The 5 main purposes of accounting are to:

• Provide financial information for decision-making
• Track and manage income and expenses
• Comply with tax and regulatory requirements
• Monitor the financial health of a business
• Facilitate communication with stakeholders (e.g. investors, creditors).

When choosing an accounting firm, it's important to consider their credentials, communication skills, reputation, and fees to ensure they can effectively serve these purposes for your business.