Bookkeeping that fits your Canadian business.

Organized bookkeeping for Canadian businesses and firms

A Canadian business may need to connect local sales, cross-border receipts, supplier invoices and payroll records across more than one system. LIT Nexus can discuss a bookkeeping workflow that organizes the records and prepares a clear review handoff for your accountant. We start with your entities, systems, reporting basis and the actual periods involved. The goal is practical visibility into what has been processed, what still needs supporting information and which questions require your designated Canadian professional’s decision.

GST, HST and provincial-tax preparation support

Within an agreed bookkeeping scope, we can organize tax-coded transactions, reconcile control accounts and prepare supporting schedules for GST/HST review. Where provincial sales taxes are relevant, the workflow should distinguish the applicable accounts and source reports rather than combine every tax balance. Your local tax professional determines registration, place-of-supply treatment, input tax credit eligibility and provincial requirements. We prepare records for that review; the service does not assume authority to provide regulated tax advice or submit returns on your behalf.

Workpapers your reviewer can follow

A useful file connects transactions with invoices, receipts, reconciliations and the explanation for adjustments. We can maintain an agreed workpaper structure so your accountant can follow balances back to the available support. Missing invoices, unclear tax coding and differences between reported totals and the ledger stay on an exception list. Preparing for a possible CRA records request means preserving a traceable file, not guaranteeing an audit outcome or describing an unreviewed account as certified. Your business and its adviser agree the retention and access requirements.

USD and CAD reconciliation workflows

Cross-border business can produce payment activity in USD while management reviews the books in CAD, or the reverse. A defined multi-currency workflow separates the original transaction, settlement, conversion and associated fees. We can compare bank and platform reports to the accounting file and prepare questions about exchange differences, transfers or unmatched items. The reporting currency and treatment of unusual balances should be confirmed with your reviewer. A converted bank receipt alone may not explain the underlying invoice or the fees deducted before settlement.

Payroll remittance tracking and review

Payroll bookkeeping can include organizing approved payroll reports, matching funding transactions and tracking balances that need an explanation. We can help prepare a reconciliation between the provider’s reports and the ledger, including amounts identified for remittance review. Your business and authorized payroll or tax professional determine employee classifications, calculations, remittance obligations and filings. The bookkeeping handoff documents the records available and the differences found. Any provider access, payroll adjustments or changes to employee information require an explicitly agreed authorization process.

For primary reference, the CRA GST/HST records guide and GST/HST and payroll records guidance explain the records behind those reviews. Applicable federal and provincial treatment must be assessed for your circumstances by the responsible professional.

A working rhythm built around your team

Start with the records you have, the decisions you need to make and the deadlines your business already follows. We identify the accounts, entities and reporting periods in scope, then agree the people responsible for preparing information, answering questions and reviewing the result. A named handoff matters as much as the software. It gives your business a practical way to track progress without having to chase several people for the same answer.

Our proposed multi-shore delivery model includes an India accounting center and dedicated daily overlap planned around your local working hours. We agree the actual meeting windows, escalation channels, review cutoffs and turnaround expectations before work starts. This lets your team discuss urgent questions live while considering whether appropriate processing tasks can move forward between meetings. The coverage in your engagement is defined explicitly rather than assumed from a country label.

Clear scope and a considered price

Proposed engagement options include monthly fixed-fee bookkeeping tiers based on transaction volume, account complexity, entities and the review work required. Historical catch-up and clean-up can be scoped as a flat-fee sprint after assessing the records. We discuss the assumptions, exclusions and change process in your proposal. This is an engagement model to agree with you, not a published price or an automatic promise about how much work fits into a fee.

Begin with a bounded assessment or pilot if the records need investigation. A missing opening balance, an incomplete platform export or a prior-period adjustment can change the work involved. We keep those questions visible, agree who can resolve them and confirm any change in scope before expanding the assignment. Your business retains the approvals that belong with its management and designated professional advisers.

Practical onboarding and the next step

For the first conversation, tell us which accounting system you use, how many entities and accounts are involved, which periods are up to date and what is taking the most time. Keep financial documents, identity information and passwords out of the public inquiry form. We can agree a suitable document-sharing and access process separately. The planned security-control roadmap is available for discussion, with implementation evidence to be confirmed before sensitive records are shared.

The outcome of that conversation is a practical next step: the scope to assess, the records needed and the reviewer who will receive the work. We can discuss recurring bookkeeping, a focused clean-up project or a white-label workflow with your firm. Explore the services, review how we work or request a consultation. We support the bookkeeping handoff; your appointed local professionals retain jurisdiction-specific tax, filing and professional decisions.