Precision in Every Detail, Success in Every Step.

ED Accounting: Your Perfect Accounting Partner is Here.

“Celebrating Ten Years of Excellence” From our small beginnings to becoming a trusted partner for over 900 happy clients, ED Accounting is dedicated to your success. Learn more about our story and values.

Services We Offer:

Bookkeeping and Financial Reporting: We provide clear, detailed, and helpful reports. Real-Time Access with Cloud Accounting

Tax Planning and Preparation: We help you create a tax strategy that maximizes your benefits.

Payroll Management: We ensure your team gets paid on time, every time.

Business Advisory: We offer smart advice for your growth and success.

Our Commitment to You

At ED Accounting, we focus on building strong relationships with our clients. Your financial goals are our priority, and we work hard to provide personalized service that fits your needs.

Innovative Solutions

We use the latest technology and best practices to offer solutions that make managing your finances easier. Trust us to keep you ahead of the game.

Your Success is Our Mission

We define our success by your achievements. Our dedicated team is here to support you at every step, ensuring you have the tools and insights you need to succeed.

Empowering Your Financial Future

At ED Accounting, we are committed to helping you make informed financial decisions. Our resources and workshops are designed to boost your understanding and confidence in managing your finances.

Start your Journey today

Bookkeeping Services

Our approach is simple: we put you first. We’re driven by a relentless passion to help entrepreneurs realize success.

We are proud to offer our one-of-a-kind Profit Simple Cloud Bookkeeping services designed from insights gained over 10 years serving the entrepreneurial community. Since the beginning of our journey our focus has been helping small business owners just like you to overcome their biggest frustrations with traditional bookkeeping. The answer, a solution that saves you time and gives you access to accurate, insightful and timely data so you can make more confident decisions to scale your business.

Individual Income Tax

In Canada, an individual tax payer is required to file income taxes by April 30th (June 15th if the taxpayer or their spouse is self-employed) if there are any taxes owing on that date. At ED Accounting we assist over 300 individuals with their personal tax filing requirements on an annual basis. At the beginning of the tax season we provide our clients with an income tax checklist so as to ensure all information required to be included in the tax filing is done so, and that any available deductions are fully utilized.

As an individual you have many questions related to how to properly plan for retirement, how to maximize your wealth, and how to minimize your taxes. At ED we work with thousands of individuals in helping them achieve their financial freedom.

Business Income Tax

Did you know that 92% of business owners overpay in taxes? The practice of tax minimization is the lawful minimization of tax liability through sound financial planning techniques. This is the process of ensuring all available tax deductions, structural planning, and transactional timing are planned out and executed.

A proactive review of your business’s tax position to ensure any current or future income tax issues or concerns are fully understood and any opportunity to mitigate those taxes is executed. This may involve the review of specific transactions prior to their execution to ensure no unexpected tax liabilities exist, discussions and analysis with clients based on their current year results and the expected tax outcome of such results, and review of business structures to ensure that the most tax efficient structure is in place.

What we Do

Individual & Corporates Accounting Services

Individual & Corporate Taxes

We provide meticulous tax preparation and filing services for Individuals and small/mediums corporations. Our team stays updated on the latest tax laws and regulations to ensure accurate and timely filings.

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Tax Planning and Strategy

Effective tax planning is crucial for minimizing liabilities and maximizing savings. Our experts develop tailored tax strategies that align with your business goals and ensure compliance with all regulations.

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Audit Defense & Services

Dealing with a tax audit can be stressful, whether you’re an individual or a business. At ED accoutning, we’re here to help. Our experts will represent you and handle all communication with tax authorities. We’ll organize your documents and support you through every step to ensure a fair outcome. Count on us to guide you and protect your interests during the audit.

Full Payroll Services

We provide full payroll services, including the appropriate forms to get your employees started and then provide paystubs and T4’s at the end of the year.

Our premium payroll services include:

Fully cloud based applications.
Employee portal for payslips, T4’s RL1-s etc.
Payroll direct deposit.
Calculation of overtime and bonuses.
Adherence to employment standards .
ROE (Record of employment) for terminated employees.
Payroll source deductions and applicable remittances to government.
Posting of Payroll Journal to General Ledger.
Annual T4′s, T4A’s preparation along with annual reconciliations.
T5018 Statement of Contract Payments.
Determination of ‘employee vs subcontractor’.

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Exceptional services we take pride in providing

E-Commerce

Discover the difference specialized eCommerce accounting can make for your business. Whether you’re a Shopify powerhouse or an emerging Amazon seller, our seasoned accountants are here to streamline your financial journey.

Trust in a team that speaks the eCommerce language fluently, offering unparalleled Shopify and Amazon seller bookkeeping and accounting services. Let’s craft your financial success story, together.

We take care of the Key Components for Ecommerce Accounting, that includes:

Purchase Orders: Legally binding documents from clients indicating the quantity and type of items they want to buy, with a commitment to pay a set price.
Sales Orders: Documents confirming the sale of goods or services to customers.
Accounts Payable and Receivable: Managing money owed to suppliers and money owed by customers.
Cost of Goods Sold (COGS): Tracking the direct costs associated with producing goods sold by the business.
Ecommerce Sales Tax: Ensuring compliance with sales tax regulations for online sales.
Inventory Management: Real-time tracking of inventory levels across multiple sales channels.
Financial Reporting: Providing real-time financial insights to help businesses make informed decisions.
Automated Reconciliation: Streamlining the reconciliation process to ensure accuracy and efficiency.
Multi-Channel Sales Integration: Integrating sales data from various platforms (e.g., Shopify, Amazon, eBay) for comprehensive financial management.

Comprehensive Payroll Solutions

Experience the ease of our all-inclusive payroll solutions tailored to meet the unique needs of your business. We take care of everything from onboarding your employees with the necessary documentation to delivering accurate paystubs and T4’s at year-end. Our advanced payroll services are powered by a fully cloud-based platform, ensuring secure and convenient access for both you and your team. Employees can effortlessly retrieve their payslips, T4’s, RL1s, and more through our user-friendly employee portal. Enjoy the convenience of payroll direct deposit, making payday a breeze. Our expert team meticulously calculates overtime and bonuses while ensuring strict adherence to employment regulations. For those who have left your organization, we manage the ROE, or Record of Employment, with professionalism and precision. We handle all payroll source deductions and guarantee timely remittances to government agencies. Additionally, we streamline your accounting processes by posting the Payroll Journal directly to your General Ledger. As the year wraps up, we prepare your annual T4’s and T4A’s, along with comprehensive reconciliations to ensure everything is in order. We also provide the T5018 Statement of Contract Payments and assist in clarifying the distinction between ‘employee vs subcontractor’. With our dedicated payroll services, you can concentrate on what truly matters—growing your business—while we expertly navigate the complexities of payroll management.

Comprehensive Accounting Services for StartUps

Starting a new business is an exciting journey, we’re here to support you every step of the way. Our end-to-end services are designed to simplify the process and set your business up for success.

1. Business Registration

Entity Selection: We’ll help you choose the right legal structure (e.g., sole proprietorship, partnership, corporation) for your business.
Name Registration: Assistance with registering your business name with the Registraire des entreprises du Québec (REQ).
Incorporation: We handle the incorporation process, including filing all necessary documents.

2. Tax Registration

GST/QST Registration: We’ll register your business for Goods and Services Tax (GST) and Quebec Sales Tax (QST).
Payroll Account Setup: Assistance with setting up payroll accounts to ensure compliance with tax regulations.

3. Online Accounts Setup

Canada Revenue Agency (CRA): We create and set up your online account with the CRA for easy access to tax and financial information.
Revenu Québec (RQ): We’ll set up your online account with Revenu Québec for seamless management of provincial taxes.

4. Accounting Software Setup

Software Selection: Recommendations for the best accounting software to suit your business needs (e.g., QuickBooks, Xero, FreshBooks, Sage).
Software Installation: We handle the installation and setup of the chosen accounting software.
Training and Support: Provide training sessions to ensure you and your team can efficiently use the accounting software.

5. Financial Management and Reporting

Bookkeeping: Regular bookkeeping services to keep your financial records accurate and up-to-date.
Financial Statements: Preparation of financial statements, including balance sheets, income statements, and cash flow statements.
Budgeting and Forecasting: Assistance with creating budgets and financial forecasts to guide your business decisions.

6. Tax Compliance and Planning

Tax Preparation and Filing: Comprehensive tax preparation and filing services to ensure compliance with federal and provincial tax laws.
Tax Planning: Strategic tax planning to minimize liabilities and maximize savings.

7. Payroll Services

Payroll Processing: Full-service payroll processing, including salary calculations, deductions, and remittances.
Compliance: Ensure compliance with all payroll regulations and requirements.

8. Advisory Services

Business Plan Development: Assistance with creating a detailed business plan to guide your startup’s growth.
Financial Analysis: In-depth financial analysis to identify opportunities and address challenges.

9. Ongoing Support

Consultation: Regular consultations to address any questions or concerns.
Updates and Alerts: Stay informed with updates on relevant tax laws and regulations.

Opening a business can be an intimidating task, especially for first-timers. Revenue and funding play a crucial role in the early days of your venture, and the wrong financial decision can make or break your business.

With the Team of ED on your side, you can have it all!

Premium Bookkeeping Services

Experience the confidence that comes from having your bookkeeping and accounting taken care of by experts. We focus on ensuring year-round accuracy and compliance, so that you never worry if things are done right or on time.

Your business needs meaningful and well-organized financial records and reports This ensures you are provided with the most up-to-date information on how your business is performing, which will provide you with a reliable basis for future financial planning.

Our premium bookkeeping services will assist you with getting your business running smoothly and more efficiently. We will streamline your bookkeeping process, improve controls, and establish better reporting with custom key performance indicators (KPI’S).

Our Services Include:

Regular and accurate financial reporting.
Maintenance of the general ledger, accounts receivable, accounts payable.
Bank, Credit Card, Trust and Merchant terminal reconciliations.
E-commerce reconciliation and tax filings.
Sales Tax, GST/HST/QST filing and compliance.
Payroll services and government remittances.
Bookkeeping system setup for new or existing businesses.
Tax installments and filings.
Catch up and cleanup bookkeeping.

Online Bookkeeping Training

Benefit from QuickBooks training online with no distractions and clear, easy lessons between you and our certified QuickBooks trainer. Our software training approach offers maximum improvement and value, regardless of your skill level. If you’re new to QuickBooks, we’ll begin with the basics. If you have some experience, we’ll determine your abilities and needs, and structure your lesson accordingly. Or, if you want to focus on your business data with a QuickBooks Affiliate, we can do that too.

Our tele-classes include three hours of individual QuickBooks training and consulting, and three hours of ongoing support following the course.

This program is for you if you’re a:

New QuickBooks user
Sole proprietor
Small- to medium-sized business owner
New business owner

What can you expect to learn?

While your QuickBooks training is customized to your specific needs, here are just a few tasks we can cover:

What is a chart of accounts and what should mine look like?
How do I create a custom invoice?
How do I apply payments and discounts?
How do I enter and pay bills?
How do I reconcile, deal with incorrect deposits, and handle unmatched balances?
What happens at the end of each month to balance sheet, P&L and reconciling to the general ledger?
How do I set up inventory and/or services?
How do I post transactions?
How do I understand a balance sheet, profit & loss, sales history, trial balance, and customizing reports?

Emma est la meilleure ! Elle peut vous expliquer toutes sortes de particularités comptables avec des mots simples et vous aidera de la manière la plus rapide et la plus professionnelle ! Déclarer ses impôts auprès d’Emma est un charme ! Je recommande fortement de travailler avec elle !
Emanuela, merci beaucoup pour votre travail impeccable et votre attitude amicale !

Tamara Mekhantseva

“I used their services for my tax return and I had a great experience. Emanuela was professional, responsive and informative”

Jonathan

“Très professionnel. Super utile. Informatif. On ne pouvait pas demander mieux. J’y retournerai pour les années à venir !“

Daniel Trasente