Together on the
same journey

Bookkeeping done differently.

The Firm

TandemBooks Inc. is a virtually operated bookkeeping and payroll management firm based out of Eastern Ontario. Building long term relationships with small business owners across the Province of Ontario since 2018, we bring a worry-free approach, valuing high communication and continued support in all aspects of your business’ accounting matters.

Bookkeeping continues to evolve from the beginning of our mandate, we are your trusted advisors along this journey.

Our Vision

Grow our resources and a team that will assist our clients in modernizing their bookkeeping methods resulting in cost and time savings for their business.

Our Mission

To be our client’s trusted advisors with their day-to-day bookkeeping and payroll requirements, allowing them to focus on the continued growth of their business.

14+

Years of Experience

25

Law Firm Clients

45

Payroll Clients

Services

  • Bookkeeping services starting at $300 per month
  • Payroll services starting at $110 per month

Comprehensive
Bookkeeping

Law Firm
Bookkeeping

Payroll
Services

Consulting and
Advisory

The importance of bookkeeping is consistency and accuracy.

There are many aspects of small business bookkeeping that need constant attention. Our team of small business bookkeeping consultants work with our clients in keeping up to date financial records and complying with any governmental deadlines.

We will help you save time on tasks such as, day-to-day data entry, managing accounts payable, reconciliation of bank accounts, HST reporting and filing, year end preparation and regular financial reporting.

  • Real estate and mortgage agents
  • Real estate investors
  • Health care
  • Mortgage management (trust accounting)
  • Consultants
  • Financial advisor

Our team of specialists have worked with lawyers in their law firm bookkeeping since 2007. Having complete knowledge and understanding of the Law Society of Ontario By-Laws, our trust accounting specialist is always available to make required recommendations, making all files audit ready.

Although the trust accounting is important for the Law Society, the other bookkeeping tasks are important to the Canada Revenue Agency. Working with CosmoLex and Soluno software, we offer full service virtual bookkeeping to law firms across the Province of Ontario.

  • Bank and Credit Card reconciliations
  • Trust reconciliations
  • Accounts receivable
  • Accounts payable
  • Payroll
  • Transaction levy reporting
  • HST reporting and filing
  • Year end preparation
  • Year end financial reporting to the Law Society

While payroll may seem very straightforward, there are many implications that may result in your business not following certain regulations as provided in the Employment Standards Act and / or the Labour Board. These errors could result in costly penalties.

Our Payroll Compliance Practitioners continuously obtain the necessary training and most recent resources to stay informed on the continued payroll regulation changes, which allows us to provide worry free payroll services.

  • Complete payroll set up
  • Direct Deposit
  • Statutory holiday calculations
  • Group benefits deductions
  • Group benefits managements
  • Vacation and sick leave tracking
  • Taxable benefits
  • WSIB reporting and payment
  • Payroll tax reporting and payment
  • Records of employment
  • T4, T4A and T5 preparation and filing

Budgeting & Growth Plans
In addition to supporting our clients with their regular bookkeeping and payroll transactions, we provide consulting and advisory services to support with budgeting and growth and strategic discussions to assist in profitability success.

 

Business Start-Ups
When considering starting a new business venture, it is difficult to wrap your head around all the details that come with this regarding bookkeeping, banking, professional services required. We continue to support new business start ups with all requirements to set them up for success from the beginning of this new journey.

  • Analysis and recommendations of required software
  • Complete set up of the chosen software
  • Review employee set up and regulations compliance
  • Payroll set up
  • WSIB account registration
  • Obtain a business number
  • HST and Payroll account registration
  • Review options for government remittance payments

Team

Carolyne

Carolyne

Operations Lead

Mélyssa

Mélyssa

Growth Lead

Sara

Sara

Team Lead
Law Firm Department

Paige

Paige

Law Firm Bookkeeper

Glynis

Glynis

Bookkeeper

Heather

Heather

Payroll Administrator

Want to join our team?

See if you have what it takes!

Questions we’ve been asked.

Can a bookkeeper do my taxes?

Bookkeepers can perform a lot of tasks, such as reconciliation accounting, HST reporting, and day-to-day accounting entry, but we recommend that you have your taxes done by a certified professional accountant (CPA). Our bookkeepers can assist in the preparation of your draft financial statements for income tax purposes.

Do I need to pay HST on my business sales?

The Harmonized Sales Tax (HST) is the provincial portion of the value-added tax by the federal government. In general, once you exceed the $30,000 threshold in sales in a single calendar quarter, you need to register an HST number with the government and will need to start filing and paying HST. However, you should note that different types of businesses and residential status do have different requirements.

How do I know how much I owe in HST?

  • Add up all GST/HST your business earned within the relevant accounting period.
  • Calculate how much GST/HST your business paid on purchases.
  • Subtract the total figure of what you earned versus what you paid.
  • The final number is your company’s net tax, which should be submitted to the CRA monthly, quarterly or yearly, depending on your accounting period.

When do I need to pay payroll tax?

Employers who pay salaries, wages, bonuses, vacation pay, or tips to their employers must report and pay payroll tax. Some taxable benefits must also be reported, such as an automobile or other allowances. If you typically report payroll, but then have a season without employees, you must still file a report. TandemBooks Inc. offers comprehensive and professional bookkeeping services in Ottawa to help you stay on top of all reporting and compliance requirements.

I just hired my first employee, should I use payroll services?

Even if you only have one employee, you can obtain payroll services in order for them to help you with all the payroll requirements (i.e. payroll deductions, CPP, EI, preparation of T4s). It’s also important to have someone help you keep up with ongoing payroll regulations that can impact both employers and employees. TandemBooks Inc. provides full-service payroll processing for businesses of all sizes.

Why do I need to reconcile my bank accounts?

The process of reconciling your bank accounts is simply to compare your internal financial records versus the records provided to you by your bank. This is important because it ensures that you can find any unusual transactions caused by fraud or accounting errors. If your internal data doesn’t match the bank’s report, you should be able to account for any discrepancies. Regular reconciliation helps you identify any problems quickly.

What’s the difference between accounts payable and accounts receivable?

Accounts payable is the money you owe to your vendors. Keeping up with accounts payable helps your business manage its bills. On the balance sheet, accounts payable are listed as liabilities. Accounts receivable is the money you are owed. On the balance sheet, you’ll find accounts receivables listed as assets. Tracking these two types of payments help you manage cash flow and run a successful business.

A successful business runs on its finances. Getting your financial picture organized helps your business take the right steps to meet your goals. Contact TandemBooks Inc. for business startup consulting in Ottawa and bookkeeping services that keep your business moving forward.

What people have to say about us.

Positive: Professionalism, Quality, Responsiveness

Great bookkeeper. Very knowledgeable and quick to answer all of my questions. I high recommend her. If you are in the legal field, she knows the ins and outs of the different accounts which we have to manage as lawyers, making it a breeze at the end of each month. Thank you Melyssa.

Marc Ouimet-McPherson

Positive: Professionalism, Quality, Responsiveness

Amazing service for our law firm bookkeeping services! Always available to help. Very professional and responsive. Highly recommend for all your bookkeeping needs.

Catherine Calvert

Positive: Professionalism, Responsiveness

Melyssa and her company has helped us with our business for over a year and she has done an amazing job keeping our company up to date and organized. Melyssa is efficient, responsive and accountable. She delivers what she says she will do and often exceeds our expectations. I highly recommend TandemBooks, they helped our business tremendously.

Geoff Walker

Positive: Professionalism, Responsiveness, Value

I am very satisfied with TandemBooks. Definitely recommended for any professional in the Ottawa area looking for affordable and comprehensive bookkeeping for small businesses. I wish I would've hired them years ago!

Steve Duplain

Positive: Professionalism, Quality

The bookkeeping service is excellent, documents delivered on time. Exceptional organization and the team is very easy to access. Excellent company for your bookkeeping

Marc Chénier

Learn why we think QuickBooksTM
is by far the best on-line bookkeeping platform.

Contact Us

We know that the bookkeeping needs for each business are unique. Use our form to tell us more about your needs, and concerns, and we will provide you with a quote on our services.

Want to join our team?

We don’t have any official job openings at the moment, but we’re always looking for great talent.

You think you got what it takes? Fill in the form bellow and we will be in contact with you shortly.

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