---
title: "Month-end close for Canada businesses"
description: "Outsourced month-end close: checklist-driven accruals, prepaids, depreciation, reconciliations and a reviewed close package — for Canada businesses."
url: https://ledgerbpo.com/ca/services/month-end-close/
updated: 2026-09-11
publisher: LedgerBPO (SS Support Network LLC)
language: en-CA
---

# Month-end close for Canada businesses

LedgerBPO's month end close outsourcing Canada finance teams use gives you a named dedicated accountant who runs a fixed close checklist inside your QuickBooks Online, Xero or Sage 50 file: reconciliations, GST, HST, PST or QST tie-outs, accruals and CRA remittance checks, all under our CloseTrack checklist and Two-Tier Review.

- Since 2020
- 🇨🇦 Canada, CAD
- 8am to 8pm ET coverage
- Named accountant plus backup

[Get a custom quote](https://ledgerbpo.com/get-a-quote/) [Book a 20-minute call](https://ledgerbpo.com/book-a-call/) In short

- A written close checklist with a sign-off log, run the same way every month
- Accruals, prepaids, depreciation and cut-off posted, not skipped
- A close calendar agreed with you, with each step visible in LedgerDesk

Updated September 2026

## What is different in Canada

Month-end close in Canada has extra tie-outs beyond the usual accruals and prepaids. Sales tax liability accounts need to agree to GST, HST, PST or QST by province, and payroll liabilities need to agree to the CRA remittance the business actually made, which depends on its remitter type and due date. Many incorporated businesses run a fiscal year that does not match the calendar year, so a controller has to track cut-off against the company's own year-end rather than 31 December. Ontario and a few other provinces layer an Employer Health Tax accrual on top of payroll costs. Quebec entities sometimes need the close pack summarized in French for local management. Our accountants close inside QuickBooks Online, Xero or Sage 50 on a calendar agreed with you.

## CA rules that shape the work

### Sales tax liability tie-out

GST, HST, PST and QST liability accounts are reconciled by province as part of the close, so the amount owed on the balance sheet agrees with what will actually be remitted.

### CRA remitter types

Payroll deduction remittances follow a schedule set by the business's CRA remitter type, from monthly to accelerated. The close ties the liability account to what was actually remitted, not just what was withheld.

### Non-calendar fiscal year-ends

Many Canadian corporations run a fiscal year that does not end 31 December, so the close calendar follows the organization's own year-end for cut-off and reporting.

## What's included

- Close checklist built around your chart of accounts and business
- Bank, card and payment processor reconciliations completed
- Balance sheet account reconciliations with supporting schedules
- Accrued expenses and accrued revenue posted and reversed on schedule
- Prepaid expense and deferred revenue schedules updated
- Fixed asset additions, disposals and monthly depreciation posted
- Revenue and expense cut-off checked against invoices and bills
- Inventory, work-in-progress or job cost adjustments where relevant
- Payroll and sales tax liabilities agreed to filings
- Intercompany balances tied and eliminated where you have several entities
- Period locked in your software after review and your approval
- Monthly financial statements with a short note on what changed and why

## Deliverables and KPIs

| Deliverable | KPI we report |
| --- | --- |
| Completed close checklist | Every step signed off by preparer and reviewer on the agreed calendar |
| Sales tax tie-out | GST, HST, PST and QST liabilities agreed to province-level detail before close |
| Payroll remittance tie-out | CRA remittance liability agreed to the business's remitter-type schedule |
| Locked period | Period closed in your software with a change log for any later entry |

## CA software we work in

- [QuickBooks Online](https://ledgerbpo.com/software/quickbooks-online/)
- [Xero](https://ledgerbpo.com/software/xero/)
- [Sage 50](https://ledgerbpo.com/software/sage-50/)
- [All 50 platforms](https://ledgerbpo.com/software/)

## Pricing in CAD

Pricing depends on volume and scope. Get a custom quote within 1 business day. Quotes for Canada clients are issued in CAD.

## Security and compliance

- Accountant-role access only; you own the software and the data
- Read-only bank feeds where available; every payment is released by you
- MFA everywhere, per-client access log, and the period lock protects closed months

Full control list on the [security page](https://ledgerbpo.com/security/) and country rules on the [compliance page](https://ledgerbpo.com/compliance/). Certifications are listed only when held.

## Frequently asked questions

### How much does month end close outsourcing cost in Canada?

Pricing depends on volume and scope, so we send a custom quote within 1 business day. As a market reference, Canadian outsourced bookkeeping with a monthly close runs C$300 to C$2,000 a month, with most small and medium businesses paying C$400 to C$800 (Outsource Bookkeeping CA, TheAccTaxCo, 2026). Entities, accounts and sales tax jurisdictions move the quote.

### Do you file our GST/HST return or T2?

No. The close ties out the GST, HST, PST or QST liability and the payroll remittance liability so the numbers are accurate, but we do not file the return. Your CPA or a CRA-registered EFILE transmitter files it from our working papers.

### Do you cover Canadian hours?

Yes. Your close accountant works 8am to 8pm ET, covering every Canadian time zone, so the close calendar and any open questions are handled during your own business day.

### Can you close on our own fiscal year-end instead of the calendar year?

Yes. Many Canadian corporations run a fiscal year that does not match 31 December. We build the close calendar and cut-off rules around your actual year-end, not a generic calendar month.

### Do you handle Employer Health Tax in the close?

Yes, where it applies. Ontario, British Columbia, Manitoba, Quebec and Newfoundland and Labrador levy an Employer Health Tax on payroll, and we accrue and reconcile it alongside other payroll liabilities as part of the monthly close.

Next step

## Books closed. Invoices paid. Every month.

Tell us what is going on with your books or billing. You will hear from a named person within 1 business day, with a custom quote and a plan for the first close.

- Reply from a named person within 1 business day
- No setup fee, month-to-month
- Your software, your data, no lock-in

Start with a custom quote

[Get a custom quote](https://ledgerbpo.com/get-a-quote/) [Book a 20-minute call](https://ledgerbpo.com/book-a-call/) Or call [+1-657-777-0006](tel:+16577770006) during US, UK or Australian business hours.

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Source: https://ledgerbpo.com/ca/services/month-end-close/ · Contact: https://ledgerbpo.com/contact/ · Full site map for agents: https://ledgerbpo.com/llms.txt