Bookkeeping - Choose the best bookkeeping service for your business

Don't have time for bookkeeping? Don't have the expertise or resources to handle your bookkeeping? Cofinia's accounting service is the solution for you!

The Cofinia team is composed of accountants who have the expertise and knowledge to provide excellent bookkeeping services for our clients, i.e. accounting for financial transactions, for your business! Whether it is to take charge of your bookkeeping or to train and guide your employees towards better management of your company’s accounting entries, you can count on us.

Our accounting services are perfectly adapted to small and medium-sized businesses, self-employed workers or large companies. We can provide you with bookkeeping assistance regardless of the size of your company.

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Our Bookkeeping Services

Whether you are a small or medium-sized business (SMB) or self-employed, entrusting your books to Cofinia offers you the same advantages! Optimizing your bookkeeping is the first step towards financial success for you or your business, and allows you to focus on your operations and projects with peace of mind.

Bank reconciliation

Ensure the accuracy of your books with Cofinia’s services.

End of month entries

Ensure that all your transactions are accounted for and that your financial statements are in order each month.

Expense account

Simplify the management of your expense account with the best accounting tools.

Financial statements (assets, liabilities, etc.)

We take care of all your company’s financial statements. Choose our services for accurate and reliable financial statements.

Tax rebates following tax reports

Simplify your taxes by entrusting them to accountants. We will calculate and pay your taxes for you.

Business Turnaround

Our team and our accounting and financial management services can help you turn around or restructure your company’s accounting

Optimization of your accounting processes in real time

The success of a business depends on solid accounting management! Let our team optimize your bookkeeping and accounting processes.

Do you have any questions about our bookkeeping services for small businesses? Contact us for more information!

Why outsource your accounting?

Bookkeeping should be the priority of all businesses that want to perform at their full potential! Bookkeeping is especially important: accurate and up-to-date bookkeeping allows you to know your financial situation instantly and make decisions quickly.

However, this process can be time-consuming and requires expertise that many SMEs do not yet have. Developing this expertise internally is expensive, not only in terms of salary, but also in terms of training time: choosing Cofinia’s services allows you to focus your time and resources on creating value for your business!

Advantages of outsourcing your bookkeeping

Outsourcing your company’s accounting management as well as your rigorous bookkeeping brings you a lot of advantages, especially with Cofinia! We listen to you while being proactive. No obstacle is too big for us and even if the situation seems hopeless, we will know how to help you. That’s the Cofinia guarantee!

Are you experiencing staff turnover?
You have questions but your technicians don’t know what to answer?
You would like to have interim financial statements more quickly?
 You want to borrow for your growth project, but your accounting is not up to date?

1- Ideal accounting service for SMEs

Are you a growing SME? It is very possible that you need all your internal resources to develop your business. Cofinia can take the burden off your shoulders by taking over your bookkeeping, saving you time and money today!

2- A team of Chartered Professional Accountants

Take advantage of accountants who understand the intricacies of the Quebec accounting and tax world! We follow the new rules to ensure good accounting health and help you make the best financial decisions for your business.

3- A service that meets your specific needs

Each of our clients is in a unique situation with different needs and objectives. Cofinia is here to help you succeed with our bookkeeping services, whether it’s through outsourcing or training your employees!

4- Reliable and confidential bookkeeping

Cofinia takes to heart the quality of its accounting management to offer you an accurate overview of your business. We ensure a quality and confidential service at all times for our clients. Optimize the management and administration of your business with our accounting services!

You have questions about our bookkeeping services? Please contact us!

Request your free consultation for our business bookkeeping services

Do you think that entrusting your bookkeeping to Cofinia is the solution to your current problems? Or do you want to know how Cofinia can help you with your accounting and growth? Don’t hesitate to request a consultation with our experts!

Our accountants will be happy to offer you more information about our services and demonstrate how outsourcing your bookkeeping can benefit your business!


Both solutions have advantages, contact us to learn more.

Yes, we have simple tools to help you see things clearly.

It depends on your needs. Generally speaking, we work on a long-term basis for clients for a maximum of 1 day per week. We do not do taxes and notice to reader, review or audit mission.

Absolutely, we have excel experts who can help you. You can also consult our toolbox.

In accounting, bookkeeping means keeping financial records and balancing them (trial balance). There are several types of bookkeeping, the most common of which are the following

  • The petty cash
  • The general ledger whose purpose is to detail each transaction (purchases, payments, sales of products and/or services, exchanges, deductions, etc.)
  • The general journal
  • The subsidiary book of accounts receivable and accounts payable
  • The income statement, which presents the revenues minus the expenses for a given period of time
  • The balance sheet, which shows all the assets, debts and equity of an organization at a given time
  • The cash flow, finally, makes it possible to anticipate and forecast the amount of liquidity throughout the company’s existence by comparing revenues and expenses

Depending on the division of labor agreed upon at the outset, the bookkeeper may have different roles and tasks: preparing paychecks, writing invoices, organizing tax forms, preparing other government documents and statistical, financial or accounting reports. Many types of documents need to be processed and analyzed. The implementation of a proper system can greatly reduce your accounting costs.

The first step is to organize your financial records. This includes sorting through bank and credit card statements, invoices and receipts. You’ll need to do a bank reconciliation with your corporate bank accounts, which compares bank entries (such as bank transactions and other financial transactions) with those recorded in the books.

You also need to ensure that you have a clear understanding of your company’s financial goals and create a budget.

Can bookkeeping be done remotely?

Yes, bookkeeping can be done remotely with the help of technology. There are many software programs that allow accountants to access financial data from anywhere. So we can do this activity through the internet.

Bookkeeping keeps track of the current and past financial situation of the company and allows for comparisons

In order to have an accurate and real time view of the company’s performance and cash flow, it is necessary to record accounting entries and bank reconciliations. Bookkeeping allows the manager to measure and analyze the variances with the forecasted budget. It is also an ideal tool to compare the current state of the company with past situations.

Bookkeeping allows you to establish a plan of the financial situation as well as to make accounting forecasts

There is no secret: to be able to know the financial situation of the company accurately, you have to follow your accounting records very closely. This is also the way to make forecasts. In addition, you should not wait for a period of crisis before doing a rigorous follow-up of your accounting. No matter what business you’re in, you’re going to have working capital needs and will want to keep track of your accounting on a daily basis with a powerful management tool.

Bookkeeping is the best way to track and control expenses

Bookkeeping allows you to perform many vital operations in the life of your business:

  • Record entries and other accounting transactions
  • Analyze expenses in real time
  • Know your production costs
  • Avoid unnecessary expenses and slippage before they affect profitability

Bookkeeping in accounting allows you to track inventory, invoicing and outstanding receivables

Do you want to track, compare inventory and invoicing, but also verify that each of your products and services sold have been invoiced and control the outstanding amount due from each customer? You can only do this with a rigorous recording of accounting data and a bookkeeping service.

Bookkeeping allows you to optimize the management of your business

A rigorous follow-up of the accounts not only allows you to take the best decisions as soon as possible but also to maximize the profits as well as the chances of survival of the company in the medium and long term. This is all the more important in an increasingly competitive economic context.

Bookkeeping reduces the risk of errors by structuring income and expenses

In order to reduce the number of errors in terms of overstated or missed returns, self-employed individuals and small businesses use bookkeeping to keep track of their expenses and income.

Bookkeeping saves time in the event of an audit or accounting audit

A tax audit or audit of the business can happen at any time. The only way to avoid a tax audit related to an accounting deficiency or the inability to produce a document is to have impeccable bookkeeping and up-to-date records. Don’t forget to properly file your records and documents. This will save you valuable time.

Although bookkeeping is mandatory, you will find that it is also an invaluable management tool. As a business leader who must make informed decisions at the right time, a rigorous recording and follow-up of your accounting will be your best allies in optimizing the management of your business.

Yes, maintaining an accurate and up-to-date book of accounts is required for every business in Quebec. This book can be in electronic or paper form and must be made available to Revenu Québec for verification. Quebec businesses must keep records for 6 years.

This book of accounts must indicate daily and chronologically all operations that transform the assets of a business, according to Quebec requirements. They include revenues and expenses, amounts collected for GST and QST, taxes paid and all other useful information.

Keeping accurate books of account can help you with your tax return and help you save money, for example by easily finding tax deductible expenses. Good bookkeeping also helps you in many situations, for example when you want to prove that certain income is not business income and therefore not taxable for income tax purposes.

It is therefore important to have good bookkeeping in order to save taxes. Cofinia has the expertise and skills to help you save on your taxes!

Does Cofinia offer tax preparation services for businesses?

Of course we do! We offer both bookkeeping services and tax preparation services for businesses. The two are intrinsically linked and we can easily handle your tax preparation. This way you will know that professionals have taken care of it and you can have peace of mind when you receive a communication from the Canada Revenue Agency and Revenue Quebec.

In addition to excellent bookkeeping services, Cofinia offers payroll management services, optimization of your accounting management, and accounting outsourcing services. We also offer several financial services to our clients, such as financial modeling, to help them make informed decisions!

Cofinia uses software and applications that are recognized in the industry and that have proven themselves for many years with Quebec SMEs, such as EmployeurD, Nethis and ADP.

Cofinia also uses the ZOHO software for many of its services. We have developed an expertise in this software that will allow you to optimize all facets of your business.

Accounting software is a computer program that is designed to simplify the work of accountants and bookkeepers. This software can be used by anyone, whether you are self-employed or an accountant in a small or medium-sized business in any industry.

It is a very powerful and feature-rich tool to help all accountants manage the financial data of a company. Companies can implement this software for the purpose of processing financial banking transactions, managing accounts, storing financial data as well as restructuring critical business operations. The new features of cloud systems are also very interesting and allow you to gain efficiency and save time without sacrificing quality.

You will be able to save time, generate financial reports automatically, synchronize your financial data with other programs, obtain accurate financial reports and high quality financial statements or detailed information on your financial data.

Bookkeeping services generally require an hourly fee. Indeed, since we cannot know in advance the exact amount of work (amount of assets, liabilities of the company, history of banking and financial transactions, bank reconciliation, etc.), if we start from scratch or if another accountant has been there, we will have to adapt to what we have to do.

In addition, we will need specific documents to work with and some may take time to obtain. Finally, we will need to coordinate and synchronize our software to ensure that everything works as planned. So before you make any payments, it’s best to contact us to discuss your bookkeeping needs.

How much does accounting and bookkeeping software cost?

The cost of one or more accounting software depends on several factors such as the number of features present, the number of users or workstations, but also the brand and reputation of the software itself. To give some figures, some subscriptions cost around 40 dollars per month but this number can go up to several thousands of dollars for customized plans for large companies for example.

We can provide you with financial reports in different formats. We can send you reports in PDF, Excel or other formats, or give you access to an online dashboard with real-time financial data.

When is the bookkeeping work done?

Depending on your needs, bookkeeping work can be performed on a daily, weekly or monthly basis.

What if I need help understanding the financial reports?

We are always here to help you. We can explain the reports in plain language and answer any questions you may have.