Payroll Processing Support for Businesses in Toronto, the GTA & Across Canada
Accurate, on-time payroll is essential for employee satisfaction and CRA compliance. Libra Ledger provides reliable payroll processing support as part of our complete bookkeeping services for small and medium-sized businesses in Toronto, Mississauga, Brampton, Markham, Vaughan, Scarborough, North York, Etobicoke, Durham and throughout Canada.
We handle or assist with payroll calculations, deductions, remittances and year-end forms so labour costs appear correctly on your financial reports and employees are paid correctly every pay period.
What Our Payroll Support Includes
- Calculation of gross pay, statutory deductions (CPP, EI, income tax) and net pay
- Tracking of vacation pay, benefits and other employer costs
- Preparation of payroll journal entries that integrate seamlessly with your monthly bookkeeping
- Support for CRA payroll remittances and source deductions
- Year-end T4 and T4A preparation assistance
- Record of Employment (ROE) support when employees leave
- Handling of both employees and independent contractors
Integration with Monthly Bookkeeping
Payroll data flows directly into your Profit & Loss and Balance Sheet so labour costs, source deductions payable and employer contributions are always current.
Who Benefits from Professional Payroll Support
Owners of restaurants, construction firms, medical clinics, transportation companies, consulting practices and growing service businesses across the GTA often find that handling payroll in-house consumes valuable time and creates compliance risk. Our service removes that burden while keeping everything tied to accurate books.
Software Compatibility
We work with the payroll modules of QuickBooks Online, Xero and other popular platforms, or process payroll data that is then entered into your bookkeeping system. No forced software changes.
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Payroll support is included in our Growth and Pro monthly bookkeeping plans (or available as an add-on). Volume is typically based on number of employees or contractors (e.g., up to 5 in Pro plans). Exact scope is confirmed during the free consultation.
Ready to Get Your Books in Order?
Libra Ledger helps Toronto, GTA, and Canadian business owners reclaim time, reduce stress, and maintain accurate financial records.
Call 416-732-1559 or email info@libraledger.ca to schedule your free consultation. Let’s get your books current, compliant, and useful for growth.