Frequently Asked Questions
General
What types of businesses do you work with?
Luminosity Ledger provides bookkeeping services for contractors, law firms, dental practices, orthodontic practices, and other small and growing businesses in the Greater Toronto and Hamilton Area.
Do you provide virtual bookkeeping?
Yes. Our cloud-based bookkeeping services allow us to work with businesses remotely while keeping financial information organized, accessible, and up to date.
Bookkeeping
How often are my books updated?
Bookkeeping is generally completed on a monthly basis, with the frequency depending on your business’s transaction volume, needs, and service package. Our goal is to keep your records current so you have timely financial information when you need it.
Do you provide financial statements?
Yes. Depending on your service package, we can provide financial reports that help you understand your business’s revenue, expenses, profitability, and overall financial position.
Do you offer catch-up or clean-up bookkeeping?
Yes. We can help bring overdue, incomplete, or disorganized bookkeeping records up to date. We’ll review the existing records, identify outstanding items, and work toward establishing an organized bookkeeping process going forward.
Software & Accounting
What bookkeeping software do you use?
We work with cloud-based accounting and financial management tools, including QuickBooks Online and other applications that can be selected based on your business’s needs and existing systems.
Can you work with my existing accountant?
Yes. We can work alongside your accountant or tax professional by maintaining organized bookkeeping records and providing the financial information they need for year-end tax preparation and other accounting requirements.
Other Services
Do you provide payroll services?
Payroll support can be incorporated into your bookkeeping solution depending on your business’s needs. During the initial consultation, we can discuss your current payroll process and determine what support is appropriate.
Getting Started
How much do your services cost?
Pricing depends on factors such as transaction volume, the complexity of your bookkeeping, and the level of support required. We offer different service packages to accommodate varying business needs. Visit our Pricing page for more information.
How do I get started?
Start by booking a discovery call. We’ll learn about your business, understand your current bookkeeping process, and discuss the type of support you need. From there, we can recommend a bookkeeping solution that fits your business.