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bookkeeping and accounting

Bookkeeping & accounting service can perform variety of tasks for your business, such as maintaining records, entering invoices , tracking transactions,creating financial statements & reports,coding, paying bills, doing your payroll, filing your GST/HST return, your taxes and many others accounting activities dependingon your business needs.

At Profithop, we are well aware of accounting guidelines and can carry out bookkeeping & accounting tasks for your business, in an efficient manner.

Both are co-related with each other. Bookkeeping focuses on recording financial data with accuracy, while accounting is a broader version and involve the interpretation and reporting of that data. Without proper bookkeeping, it’s hard to drive accurate financial results.

Virtual bookkeeping simply means a bookkeeper can provide services remotely to the clients by integrating accounting softwares such as Quickbooks Online or Xero. So all of bookkeeping and accounting work can take place in one virtual location, making it more convenient and allowing you to take advantage of expertise not found where your business is.

We will be available 8 am to 6 pm. You’ll communicate with us remotely using emails or via phone calls  and let our online accounting services  take care of the details of your financials and provide reports to you depending on the package you select. You can also view your account online anytime from anywhere.

Our bookkeeping services are to cater all types of small startups to medium size businesses including CPA firms, entrepreneurs and non-profit organizations who are a good fit  and are eager to do better things than bookkeeping.

Not necessarily. It depends on the software currently being used by your company and whether or not it is meeting  your needs. If you don’t have a cloud based accounting solution, no worries, we can help to arrange one for you and take care of the whole transition. Or if you prefer a desktop localized software, we can work with that too.

Bookkeepers may charge anywhere between $24 and $45 /hour for the range of services they provide. 

At Profithop you don’t have to worry much, our bookkeeping pricing is very well designed. Our service charges start as low as $297/ month. Check our pricing page for more details.

We also do offer customize packages based on what kind services combination you want to have.

If you choose to pay annually, you’ll save up to 10% compared to paying monthly.

There are several ways to get documentation to us. We use Google Drive as well as Receipt Bank, Hubdoc to make things easy for you. For Bank feeds, nowadays most banks partner with cloud accounting software to get your bank statement downloaded into your system with restricted login access. Apart from this we have pickup services currently only in the Kitchener/ Waterloo region.

Depending on the condition of your books, it could take as little as one week to set up your bookkeeping services online. If your books are not current, then we  will need to organize them before we can proceed with the day-to-day work. 

Being a professional, maintaining confidentiality of our client information is our top priority.

All data is held on cloud accounting software servers that comply with highest security standards. We will also be signing a non-disclosure agreement with you so you could feel more secure working with a trusted partner.

If your books are behind, we may propose one to ensure that the relationship runs smoothly, but you can choose to be our client by signing a monthly plan with us.

Yes, we provide on-site bookkeeping and accounting services but the scope of On-Site services is limited to  Waterloo, Kitchener and Cambridge (Ontario, Canada) only.

We are located in Kitchener/Waterloo Region. However being a virtual bookkeeping firm we provide services to our clients across Canada.