Bronte Bay CPA Professional Corporation — Certified Xero Partner · Toronto & Vancouver · Updated June 2026
Short answer: Bronte Bay provides monthly bookkeeping for Toronto businesses on Xero — bank feeds connected, receipts captured via Hubdoc, HST tracked automatically, and monthly Profit & Loss and Balance Sheet delivered within the first week of each month. All bookkeeping is reviewed by a licensed CPA. Fixed pricing from $998/month. No hourly billing. No in-house hiring costs.
Accurate, current books are the foundation of every good financial decision. When your bookkeeping is done monthly — not in a year-end scramble — you always know your cash position, your HST balance, and your profitability. Your year-end tax filing becomes straightforward. CRA audits become manageable. And every significant business decision is made on real current data rather than instinct.
Bronte Bay provides monthly bookkeeping for incorporated businesses and professionals across Toronto and the GTA — fully cloud-based on Xero, with CPA oversight on every file.
What Our Monthly Bookkeeping Service Covers
Bank Reconciliation and Transaction Categorization
Xero connects directly to all major Canadian bank accounts and credit cards — importing transactions daily without any manual entry. Bank rules automatically categorize recurring transactions. Every month, Bronte Bay reconciles all accounts, reviews categorizations, and ensures the books match your actual bank balance. No spreadsheets. No manual entry. No mismatches discovered at year-end.
Receipt and Bill Capture via Hubdoc
Hubdoc eliminates the receipt shoebox entirely. Photograph a receipt with your phone — Hubdoc reads it, extracts the vendor, date, amount, and HST, and pushes it pre-coded to Xero. Supplier invoices are auto-fetched from portals (Telus, Bell, Rogers, AWS, Google, Microsoft, utilities) monthly without any action from you. Bills arrive in Xero ready to approve — no manual entry at any step.
HST/GST Tracking and Filing
Xero tracks HST collected on sales and input tax credits (ITCs) on expenses throughout each filing period automatically. Bronte Bay reviews and files your HST return on time, every period — monthly, quarterly, or annually per your CRA frequency. No missed deadlines. No 3%–10% late remittance penalties. Every eligible ITC claimed.
Accounts Receivable Management
Bronte Bay tracks all outstanding invoices and produces weekly Aged Receivables reports — showing exactly who owes you money and for how long. For businesses with recurring clients, Rotessa pre-authorized debits collect payment automatically on the invoice due date and mark invoices as paid in Xero without any manual action.
Accounts Payable Management
Bills captured in Hubdoc are approved in Xero and paid via Plooto — scheduled EFT or cheque payments to suppliers, automatically reconciled back in Xero when they clear. No manual bank transfers. No reconciling payments to bills. No cheque books. Aged Payables reports show exactly what is owed and when it is due.
Payroll Processing
Payroll is processed through Wagepoint — Canada’s leading payroll platform — integrated directly with Xero. CPP (5.95%), CPP2 (4%), EI (1.64%), and provincial income tax are calculated at 2026 CRA rates automatically. After every pay run, payroll journal entries post to Xero without any manual step. T4 slips are filed by the February 28 deadline. Records of Employment (ROEs) are issued when employees leave.
Monthly Financial Statements and Reporting
Within the first week of each month, Bronte Bay delivers your monthly Profit & Loss, Balance Sheet, and Cash Flow Statement — current, reconciled, and ready to review. At higher service tiers, a monthly business review with your CPA covers the key highlights, variances from prior month, and any financial questions on your agenda. You always know your numbers — not three weeks after the month closes.
📋 CPA Note: The most consistent pattern we see with new Bronte Bay clients is books that are 3–6 months behind when they first come to us. The cost of cleaning up 6 months of disorganized records is almost always higher than 6 months of ongoing monthly bookkeeping would have been. And at year-end, a CPA spending hours reconstructing your records is billed at CPA rates — not bookkeeper rates. The earlier you establish clean monthly bookkeeping, the lower your total annual accounting cost.
The Bronte Bay Bookkeeping Stack — Tools That Eliminate Manual Work
| Tool | What It Handles | Key Benefit |
|---|---|---|
| Xero | Core accounting — bank feeds, transaction categorization, invoicing, HST tracking, reporting | Real-time financial visibility from any device; all major Canadian bank feeds supported |
| Hubdoc | Receipt capture by phone photo, email, or automatic supplier fetch — pre-coded to Xero | Eliminates manual bill entry; auto-fetches invoices from Telus, Bell, Rogers, AWS, and 200+ suppliers |
| Plooto | Accounts payable — EFT and cheque payments to suppliers; auto-reconciled in Xero | No manual bank transfers; payment approval tiers prevent unauthorized payments |
| Rotessa | Pre-authorized debits — collect from recurring clients automatically; invoices auto-mark paid in Xero | Eliminates invoice chasing; cash flow becomes predictable |
| Wagepoint | Canadian payroll — CPP, CPP2, EI, income tax, T4s, ROEs, CRA remittances | Always current CRA rates; payroll journals post to Xero automatically |
Bookkeeping Pricing — Monthly Packages
| Package | Price | Best For | Includes |
|---|---|---|---|
| Silver | $998/month | New incorporations, early-stage businesses | Xero bookkeeping, HST filing, payroll up to 5 employees, quarterly management report |
| Platinum | $2,625/month | Growing businesses needing monthly reporting | Everything in Silver + monthly management report and monthly cash flow statement |
| Gold | $4,368/month | Established businesses with complex AP/AR | Full accounting department — bookkeeping, AP, AR, expense reports, budgeting, quarterly business review, CRA audit support |
→ View full package details and select your plan
Outsourced Bookkeeping vs. Hiring In-House — The Real Cost Comparison
| Cost Item | In-House Bookkeeper (Toronto) | Bronte Bay Monthly Package |
|---|---|---|
| Base salary | $55,000–$75,000/year | Included |
| Employer CPP and EI | ~$4,500–$6,000/year | Included |
| WSIB and benefits | $3,000–$8,000/year | Included |
| Vacation pay (4%+) | $2,200–$3,000/year | Included |
| Xero, Hubdoc, software | $1,200–$2,400/year extra | Included |
| CPA oversight (separate accountant) | $3,000–$8,000/year extra | Included — CPA reviews monthly |
| Total annual cost | $68,900–$102,400/year | $11,976–$52,416/year |
Frequently Asked Questions
Get Clean, Current Books Every Month — Starting Now
Whether your books are currently a mess, you are doing them yourself and spending 5+ hours a week, or you want to switch from your current bookkeeper — Bronte Bay can help. Book a consultation and we will assess your situation, recommend the right package, and give you a clear fixed-price quote before we start anything.
Related pages: Xero Partner · Hubdoc · Plooto · Rotessa · 8 Signs You Need a Virtual Bookkeeper · Accountant in Toronto