Next Level Bookkeeping Inc.

Understanding the Value of Bookkeeping

What does bookkeeping cost?

Why is bookkeeping important?

The cost of professional bookkeeping services depends on your business size and the volume of daily, weekly, and monthly transactions. On average, established small businesses should budget at least $500 per month for accurate and reliable bookkeeping support.

Why is bookkeeping important?

Staying organized with bookkeeping throughout the year reduces stress during year-end and tax season. More importantly, having accurate financial records gives you the clarity to make smarter business decisions and confidently manage cash flow, expenses, and profitability.

Do I need a bookkeeper if I use QuickBooks Online™?

What’s the difference between bookkeeping and accounting?

Yes — while QuickBooks Online™ is a powerful tool, it still requires expert setup, accurate data entry, and regular reconciliation to ensure your books stay correct. A professional bookkeeper ensures your QuickBooks account is optimized and your financials are always accurate.

What’s the difference between bookkeeping and accounting?

Bookkeeping is the process of recording, organizing, and reconciling your financial transactions. Accounting goes deeper — interpreting those records, preparing financial statements, and supporting tax strategy. Bookkeeping provides the foundation your accountant relies on to deliver accurate advice and compliance.

Bookkeeping Options Include

QuickBooks online™ setup

As a Certified QuickBooks™ ProAdvisor, we provide expert setup of your QuickBooks Online™ subscription, organize your business data, and ensure your bookkeeping system is ready to run smoothly from day one.

Automated Data Entry

QuickBooks online™ setup

We help you integrate apps directly with QuickBooks Online™ to simplify bookkeeping and reduce manual data entry. By keeping a clear view of cash flow, expenses, and debt, you’ll always know where your business stands and how profitable it truly is.

Reconciling Statements

QuickBooks online™ setup

Reconciling Statements

Bank reconciliation is essential to keeping your books accurate and error-free. At Next Level Bookkeeping Inc., we ensure your bank and credit card statements match your QuickBooks Online™ records, helping you avoid discrepancies and maintain complete financial accuracy.

Financial Reports

QuickBooks online™ setup

Reconciling Statements

Our detailed financial reporting and analysis provides insight into business performance, profitability, and future planning. From budgets and forecasts to year-end tax preparation, we deliver the reports you need to make informed decisions.

CRA Compliance

Liaison with Accountant

Year End Preparations

We assist with GST, payroll remittances, CRA compliance, and income tax support. Our goal is to ensure your books are accurate and your filings are timely, so you never pay more than you should — and avoid costly penalties.

Year End Preparations

Liaison with Accountant

Year End Preparations

We review and update your records to ensure all financial transactions are complete and accurate. This allows you to generate reliable annual reports and financial statements that support smooth year-end filings.

Business Strategy

Liaison with Accountant

We help you build a stronger business with budgets, forecasts, and process improvements. By researching and implementing the right software solutions and internal controls, we streamline operations and support long-term growth.

Liaison with Accountant

We coordinate directly with your accountant to prepare for tax season, answer financial questions, and ensure your bookkeeping records are accurate — leaving you stress-free and fully supported.

Training

Accounts Receivable

We provide hands-on QuickBooks Online™ training for you or your staff, teaching best practices and workflows so you can manage your books confidently and effectively.

Accounts Receivable

Managing accounts receivable is critical to your cash flow. We help you track invoices, follow up on payments, and maintain a steady inflow of funds so your business stays profitable.

Accounts Payable

Accounts Receivable

Accounts Payable

We organize and schedule your accounts payable to ensure bills are paid on time while protecting your cash flow. This structured approach keeps vendors happy and your finances balanced.

Payroll

Accounts Receivable

Accounts Payable

We manage your payroll processing and compliance, ensuring employees are paid accurately and on time while meeting all government regulations. Reliable payroll means happier employees and fewer compliance risks.

Track Expenses and Income

Connect your bank accounts, credit cards, PayPal, and more to automatically download and categorize transactions — so your books stay accurate without the manual work.

Create and Send Invoices

Track Expenses and Income

Generate and send professional invoices from any device, accept credit card payments instantly from the invoice, and keep cash flow moving.

Accept Payments with Ease

Track Expenses and Income

Accept Payments with Ease

QuickBooks Online™ automatically matches payments to invoices, tracks what’s outstanding, and even sends friendly reminders to clients.

Organize Receipts

Accept Payments with Ease

Snap a picture of your receipts on your phone and upload them directly. QuickBooks™ will match them to transactions, keeping everything organized for tax time.

Track Mileage

Organize Receipts

Track Mileage

Use the auto-tracking feature to log trips. Simply sort each drive as business or personal in seconds — perfect for accurate deductions.

Track Time

Organize Receipts

Track Mileage

Easily record hours worked by you, your employees, or contractors. Employees can even enter their own time securely.

Pay Employees

Run Financial Reports

Manage Inventory

Run payroll with confidence. QuickBooks™ + Payroll handles direct deposits, payroll taxes, and year-end forms so your team is paid accurately and on time.

Manage Inventory

Run Financial Reports

Manage Inventory

Stay on top of product levels with automatic inventory updates. Get alerts when stock is low and track vendors with ease.

Run Financial Reports

Access reports like profit & loss, balance sheets, and expense summaries. Real-time dashboards give you the insight to manage cash flow and avoid financial surprises.