Bookkeeping Services Toronto (GTA) and NY – The ProfitLine Bookkeeper.

We Help Your Business Work Smarter – Here’s How

Our mission is get you the financial data you need, when you need it. To do that, we are continually refining our process. Our workflow speeds up the accounting process while keeping you up-to-date. Here’s how:

Eliminate Paperwork
Hire experts to deal with your bookkeeping and accounting while you focus your energy on developing your core business and doing what you do best.
Start Smart
We start by sorting and organizing your existing documents and data. Together we define a process to ensure that we receive all documentation in the most time efficient way possible.
Get Organized
Our goal is to provide you with the reports you need to run your business. Keeping track of your expenses in real time ensures that you have a handle on your burn rate.
Feel Confident
Keeping your books in order is one thing. Understanding the financial reports they generate is another. We take the time to explain the financial terms and numbers.

Meet the Team

Fern Gordon

Founder

Fern has extensive experience helping entrepreneurial businesses with internal bookkeeping and accounting.

Dianna O’Doherty

The Profit Line NY President

Dianna loves helping owners achieve their goals through sound financial planning and management.

Who We Work With

Funded Start-ups

Start your company off on the right foot. We’ll prevent any financial issues before they begin by setting you up with a complete QuickBooks system. And because we’re committed to your success, we’ll continue to support and maintain your books as your start-up grows.

Professional Services

We believe communication is key to the accounting process. With every professional service we work with, our priority has always been to understand the business inside out. We’ll listen to your needs and provide full access to your data at all times.

Investment Firms

At The Profit Line, we hire only the most skilled and experienced accountants who hold accuracy and integrity as standards. This is what makes them the ideal bookkeeper for generating the financial reports needed for both your shareholders and clients alike.

Tech Companies

We understand the needs of technology–based companies, especially those who are selling SAAS. Deferred Revenue can be complicated, but it is essential to the integrity of your financial information.

Non-Profits

We have been working with non-profit organizations for years and are familiar with all of the intricacies involved – from grant reports to HST, we can help you deliver monthly reports to your Board and to your Funders.

Academic Institutions

We have years of experience working with private schools and are very familiar with the particular needs of such organizations. We can provide you with customized accounting solutions which will enable you to keep track of your expenses and, most of all, your revenue and receivables.

Law Firms

Law Society rules require very detailed books and records. Let us focus on maintaining the books so you can focus on expanding and improving your practice. Our experienced accountants are at your service.

Franchise Organizations

As a franchisee, you’re all about the business. As accountants, we’re all about the finances. We’ll take care of any royalties, expenses, and budget issues that are sitting on your plate. We’ll work with you individually to ensure your finances are working to help you succeed.

What Our Clients Say

At The Profit Line, we tailor our bookkeeping services for each and every client. In doing so, we generate successful results for a number of companies from different sectors who trust us. Hear what a few of them had to say.

By outsourcing our bookkeeping and accounting, we have saved an enormous amount of money and the headache of having to manage this process in-house.

David Moon

President, Investintech.com

Thanks to Fern, Laurie, Edna and the Profit Line, I sleep a whole lot better at night. I’m still patting myself on the back for finding them.

Evelyn Oteng-Pabi

Higher Education Strategy Associates

Two years ago, I realized that there were some glaring errors in my accounting records and was fortunate to find The Profit Line. They quickly brought my books up-to-date.

Dr. Stephen Simpson, DDS

www.drsimpson.org

View more testimonials from other companies just like yours

Services We Offer

We’re a full service accounting and bookkeeping firm that will work with you one-on-one to get your books in order.
We have been helping businesses like yours with their accounting and bookkeeping for more than a decade.

Financial Statements

Our goal is to provide you with the monthly Financial Statements you need to run your business, including the Income Statement and Balance Sheet and all other standard accounting reports. We can maintain your own unique reports (such as Board reports) or help create the reports you need to run your business.

Taxes

Keeping the Canada Revenue Agency happy can be a job all of its own. We make sure you stay on top of all the taxes your business might owe – HST, WSIB, Payroll Remittances, EHT, and corporate installments. We make the year-end process a breeze by staying current throughout the year. We work directly with your year-end accountant to ensure they have the working papers required to file your tax return.

Invoicing

We consider invoicing to be one of the most important accounting tasks we have. The faster you send out your invoices, the faster you get paid. This can make a huge difference to your cash flow. If your company has monthly disbursements that are charged back to clients or customers, it’s critical that these costs are properly identified.

QuickBooks

Our accounting software of choice is QuickBooks, the most widely used accounting tool in the world. We are Quickbooks experts and can customize your reports according to the needs of your business. The Profit Line will ensure that all of your accounting is accurate and up-to-date, and can send you reports at any time.

Canadian Government Remittances

The Profit Line ensures that all of your government remittances including HST, WSIB, EHT and corporate installments are prepared and filed on time to avoid penalties and interest.

Profitability by Client

Do you know which or your clients or projects are most profitable? Let us set up an accounting system which easily keeps track of these expenses.

Payroll

We can help you set-up and manage payroll. We’ll let you know when you need to register for EHT and, of course, there’s always WSIB.

Accounts Payable & Receivable

Make sure you capture all of your business expenses by having us handle your Accounts Payable. Accurate and timely Accounts Receivable are critical to managing cash flow.

Budget to Actual Reports

Let us help you create a budget which can be then be used to track how you’re doing throughout the year. Budget to Actual Reports are an extremely useful tool, not only for large companies, but for small and medium-sized ones too.

Bank & Credit Card Reconciliation

Reconciling your bank and credit cards on a monthly basis is a must for any business. This process ensures that no transactions have been missed and is a requirement for most year-end accountants.

Job Costing

Do you know if your projects are profitable? Setting up proper job-costing in Quickbooks allows you to keep track of the costs for each project or client/customer. Knowing where and how you make money can be invaluable.

Financial Management

The success of your organization – whether big, small, profit, or non-profit – depends on sound financial management. This is where The Profit Line steps in. We are financial management experts and our goal is to help you develop the best financial practices for your business.

Contact Us For A Free Consultation

As certified accountants, we work collaboratively with businesses owners from across different industries to get their finances in order. We can help you too. We offer full support, generate monthly financial reports and more–all at a reasonable price. Find out what we can do for you. Get a free consultation.