Question 1

What is included in ongoing accounting support?

Accepted Answer

Every engagement is scoped individually. It may include monthly bookkeeping, account reconciliations, GST/HST, payroll, reporting, year-end or T2 preparation and CRA correspondence. Your proposal identifies what is included, how often it is completed and what remains outside the engagement.

Question 2

How often will my books be updated?

Accepted Answer

Most ongoing engagements follow a monthly cycle. The timing depends on transaction volume, document delivery, bank feeds, unanswered questions and the agreed scope. Your proposal establishes the expected cadence, but late records or approvals can move the close or filing date.

Question 3

Do I need to use QuickBooks Online?

Accepted Answer

QuickBooks Online is preferred for many recurring engagements, but I first review your current system, accounts and data quality. Any new setup, cleanup or migration is confirmed separately before work begins.

Question 4

Can payroll and GST/HST be included?

Accepted Answer

Yes, when they are included in the written scope. Payroll support may include calculations, source deductions, remittance tracking and year-end slips. GST/HST support may include reconciliation and return preparation for the CRA-assigned reporting period. You remain responsible for reviewing authorizations and ensuring required payments are made.

Question 5

Is the corporate tax return included?

Accepted Answer

It may be included in the recurring package or quoted separately. The proposal states whether year-end reconciliation and T2 preparation are included. Current bookkeeping provides the starting records but does not automatically include every year-end service.

Question 6

What does ongoing accounting cost?

Accepted Answer

The fee depends on the entity, transaction volume, number of accounts and payment processors, payroll, GST/HST frequency, reporting needs and the condition of the opening books. After the strategy session and initial review, you receive a written scope and fee before work begins.

Ryan Elliott Professional Services Ltd.

MONTHLY BOOKKEEPING · GST/HST · PAYROLL · YEAR-END READINESS

Ongoing Accounting for Owner-Managed Businesses

Current records make tax filings, payroll, GST/HST and year-end easier to manage.

I provide recurring accounting support for self-employed professionals and incorporated businesses that want a dependable monthly system—not another year-end scramble. Each engagement is scoped around your accounts, reporting periods and actual filing responsibilities.

Is Ongoing Accounting the Right Starting Point?

Ongoing support works best when the books are current—or can be brought current through a defined opening cleanup. The goal is to connect your records with the reporting and filing obligations that depend on them.

Catch-Up Should Come First When

A Good Fit When

Your business is active and its opening balances can be supported.

Bank, credit-card and payment accounts need consistent reconciliation.

GST/HST, payroll or corporate deadlines need to be coordinated with the books.

You want current records and an organized year-end file.

What Ongoing Accounting May Include

Core monthly services: