Bookkeeping Services Toronto

Bookkeeping Services for Toronto Businesses & Non-profits

Run your Toronto-based business with clear and transparent financial visibility. Enkel offers professional accounting and bookkeeping services. We provide accurate monthly financial statements. Our expert team uses powerful cloud bookkeeping software to simplify your accounting.

Explore our Services

enkel bookkeeping services

A Toronto bookkeeping partner you can rely on

Every growing business should be equipped with accurate and reliable financial data to make better business decisions. However, finding and retaining reliable accounting support can be hard. That’s where we can help.

As Toronto’s trusted bookkeeping partner, we bring years of experience serving local businesses and nonprofits throughout the GTA. Our team combines accounting expertise with local market knowledge to deliver accurate, CRA-compliant monthly financial statements. This helps you always know where your business stands.

Proven online bookkeeping service

Using the best cloud-based accounting software, we customize a streamlined bookkeeping process that best fits your business needs. From monthly account reconciliations to GST/HST sales tax filings, our experienced bookkeepers and professional accountants will ensure your books are accurate and up-to-date.

Skills mix you need for a set monthly fee

You’ll no longer have to recruit and train a full finance team. We’ll provide you with top-notch talent that you don’t have to recruit and retain, all for a single monthly fee.

Accurate, tax ready financial reporting

Balance sheets, cash flow statements, income statements – We’ll provide you with all the financial statements you need to have visibility on your business’ performance. You’ll no longer have to stress about year-end when your books are up to date. When tax season arrives, you’ll have all the financial information you need to file your returns.

Efficiency through technology

Leverage the right tech stack to enable workflows and processes to future-proof your accounting. We’ll integrate with your tools with your QuickBooks Online, Xero or accounting software of choice to make it as easy as possible for you to access your books and reports while you’re on the go.

Time is our most valuable resource. We are trying to build something big and meaningful, which means everything we do has to scale. Having Enkel handle our bookkeeping, payroll and accounts payable lets our team stay focused on delivering radically affordable surgical tools around the world.

- Lawrence Buchan, Co-founder and CEO, Arbutus Medical

The team at Enkel has been amazing to work with! With their payroll and bookkeeping support, I have been able to scale my business without worrying about spending days on spreadsheets and numbers. I know I can trust them to be thorough and professional.

- Caroline Somos, Founder, Blackbird Fabrics

Enkel really took the time to understand our business and crafted a process that worked best for our company. Everything is delivered as expected month after month, and I no longer have to worry about our year-end because Enkel liaises directly with my SR&ED consultant and year-end tax accountant.

- Lars Kristensen, Founder & CEO, NiceJob

Our Services

Bookkeeping

We’ll take your receipts, invoices and day-to-day transactions, and convert them into useful financial information! We then reconcile your accounts and provide you with accurate financial statements at month-end that help you make better business decisions.

Payroll Management

From payroll processing to issuing of T4s and ROEs, we handle all aspects of payroll. Let us give you peace of mind that your employees are paid accurately and your company is compliant.

Accounts Payable

With our automated payables workflow, we will help you code and keep track of incoming invoices, stay on top of your payables listing and make secure payments for your outstanding invoices.

Accounts Receivable

Send us your sales data and we’ll ensure your invoices are generated and sent to your clients promptly. We’ll also stay on top of your receivables listing and follow up on outstanding payments to ensure your cash flow is predictable.

Financial Controllership

Turn your financial data into an action plan. From forecasting and budgeting to financing preparations and covenant monitoring, we’ll provide you with the financial leadership required to navigate the changing business landscape and build a lasting business.

Get a quote

What to Look for in a Toronto Bookkeeping Service

Choosing the right bookkeeping partner in Toronto means more than finding someone who can balance your accounts. Here is what separates a good bookkeeping service from a great one:

CRA compliance expertise — Your bookkeeping team should understand GST/HST filing requirements, payroll remittances, and year-end reporting obligations specific to Canadian businesses.
Cloud-based accounting software — Look for a team that works in QuickBooks Online or Xero and can integrate with your existing tools. This gives you real-time access to your financial data from anywhere.
Dedicated support — You should have a named contact who knows your business, not a rotating support queue.
Nonprofit experience — If you run a charity or nonprofit in Toronto, your bookkeeping needs are different: fund accounting, restricted fund tracking, T3010 support, and board-ready reporting all require specialized knowledge.
Transparent, flat-fee pricing — Avoid services that charge by the hour for routine work. A flat monthly fee makes budgeting predictable.

Enkel meets all of these criteria. We have been serving Toronto businesses and nonprofits since 2016, and our team combines accounting expertise with local market knowledge to deliver monthly financial clarity. All bookkeeping at Enkel follows double-entry bookkeeping principles, ensuring every transaction is recorded accurately and your financial statements are always balanced.

How Much Does Bookkeeping Cost in Toronto?

Professional bookkeeper costs in Toronto depend on your transaction volume, the complexity of your financial operations, and the services included. At Enkel, bookkeeping services start at $1,000/month for Toronto-based businesses and nonprofits. This includes:

Transaction categorization and bank reconciliations
Monthly financial statements (income statement, balance sheet, cash flow)
GST/HST and PST filings
Year-end support and accountant collaboration
Dedicated client support team

For context, hiring a full-time bookkeeper in Toronto usually costs $53,000–$70,000 per year in salary alone. This is before benefits, software, and management overhead. Outsourcing to Enkel gives you a full team at a fraction of that cost.

Bookkeeping for Toronto Nonprofits and Charities

Toronto is home to thousands of registered charities and nonprofits. Managing finances in the sector comes with unique requirements: restricted fund tracking, CRA charity compliance, T3010 annual returns, and funder-ready financial reports.

Enkel specializes in nonprofit bookkeeping across the GTA. We understand the difference between restricted and unrestricted funds, how to structure reports for board members and funders, and how to keep your books audit-ready year-round.