Bookkeeping services in Mississauga
Bookkeeping, HST, payroll, and year-end corporate tax for incorporated Mississauga businesses. Books current every day, signed by a Canadian accountant, one flat monthly price.
CRA EFILE authorized · Every file reviewed by an accountant · Switching is free — about an hour of your time
Bookkeeping for how Peel does business
Mississauga's incorporated economy skews toward logistics, warehousing, wholesale distribution, light manufacturing, and the trades that serve them. Proximity to Pearson shapes a lot of it. These businesses share two characteristics that make their bookkeeping distinct: physical goods, and larger hourly workforces.
Inventory and cost of goods
A business that holds stock cannot produce a meaningful margin figure without tracking it. Purchases are not the same as cost of goods sold, and the difference is inventory movement. Books that record only supplier invoices show a margin that swings with purchasing timing rather than with trading performance.
That means inventory counted on a schedule, cost of goods sold kept separate from operating overhead, and freight and duty allocated to the goods they relate to rather than dropped into general expenses.
Imports and the GST you pay at the border
Distribution and wholesale businesses commonly import. GST is generally payable on imported goods at the point of entry, and that amount is typically recoverable as an input tax credit if it is documented and claimed. Customs paperwork, broker invoices, and the accounting records have to line up for that to survive a review.
If CRA asks you to support those credits, our guide to the GST/HST post-assessment review sets out what the documentation must show. Businesses that never reconcile broker statements to their books are the ones that lose credits they were entitled to.
Larger hourly payrolls
Warehouse and production teams mean more people, variable hours, shift premiums, and overtime, with turnover that generates Records of Employment regularly. Payroll here is a bigger share of the bookkeeping than it is in a professional services business, and the deadlines are unforgiving.
Because payroll runs inside the same service that keeps the books, each run posts straight into the accounts and the year-end slips reconcile to the remittances. Our Record of Employment guide covers the filing rules when someone leaves.
Equipment and vehicles
Forklifts, racking, delivery vehicles, and production equipment are capital assets claimed through capital cost allowance rather than expensed on purchase, with financing split between principal and interest. Vehicle costs need a defensible business-use split, covered in our guide on vehicle expenses through a corporation.
How it runs
Transactions reconciled daily, inventory and cost of goods handled properly, HST including import credits filed correctly, payroll on schedule, and the year-end corporate return prepared by the same team. One flat monthly price.
What’s included
- Daily categorization and reconciliation of every transaction
- Bank, credit card, and loan accounts balanced every month
- A monthly report reviewed and signed by a Canadian accountant
- HST returns prepared and filed on your schedule
- Payroll and source deductions remitted to CRA on time
- Year-end corporate tax return (T2), included in the monthly price
- Unlimited questions to your accountant, year-round
Also in Mississauga: Small Business Accounting
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All four services: Bookkeeping · Tax · Payroll · Business advisory
Common questions
Do you handle inventory and cost of goods sold?
Yes. Inventory is counted on a schedule and cost of goods sold is kept separate from operating overhead, with freight and duty allocated to the goods they relate to, so your gross margin reflects trading rather than purchase timing.
We import goods. Can you handle the GST paid at the border?
Yes. GST is generally payable on imported goods at entry and is typically recoverable as an input tax credit when documented and claimed. Broker invoices and customs paperwork are reconciled to the books so the credits hold up under review.
We have a large hourly warehouse team. Is payroll included?
Yes. Variable hours, shift premiums, and overtime are handled, source deductions are remitted on schedule, and Records of Employment are filed with Service Canada as staff turn over.
Can we deduct forklifts and delivery vehicles right away?
No. Equipment and vehicles are capital assets claimed over time through capital cost allowance, with financing split between principal and interest. Vehicle costs also need a defensible business-use split.
Your Mississauga books, current every day
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