Cloud accounting on Xero, run by a Xero gold partner
Western CPA sets up, migrates and runs your books on Xero, so you can see your cash, HST and payroll in real time from Toronto, Halifax or wherever you are. Our staff are Xero-certified.
Already on Xero? We take over existing Xero files too, starting with a free configuration review. How that works
What Xero does for your business
Xero is online accounting software built for small business. This is what it does for you when Western CPA is your accountant.
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Bank feeds and a live cash position
Transactions arrive daily from RBC, TD, BMO, Scotiabank, CIBC and most credit unions. Bank rules code the repeat items, so reconciliation is quick and your numbers are current.
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Invoices that get paid
Send online invoices with a pay-now link and automatic reminders, and see when a customer has opened one.
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HST done right, in Ontario and Nova Scotia
Canadian tax codes for 13% HST, 15% HST, zero-rated and exempt sales. Xero prepares your HST return figures for the period you file with the CRA, and we review and file.
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Reports you can act on
Profit and loss, balance sheet, cash flow and who owes you, live on a dashboard and emailed on a schedule you choose.
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Receipts and bills captured with Hubdoc
Photograph or email a receipt and Hubdoc reads it into Xero. Supplier bills are approved and paid from one list, with no shoebox.
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Multi-currency for US and overseas sales
Invoice and pay in other currencies, with exchange gains and losses tracked for you, on Xero's Premium plan.
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Payroll that posts itself
Wagepoint payroll with direct deposit posts to Xero after every pay run, so CPP, EI, remittances and T4s reconcile without re-keying.
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Unlimited users, one set of books
Every Xero plan includes unlimited users. You, your staff and Western CPA work in the same file at the same time, from any device.
What a Xero gold partner sets up for you
Gold status is earned on the number of clients we run on Xero and on our team's Xero certification. In practice it means your file is set up and run by people who do this every day.
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Chart of accounts for your industry
Accounts and tracking categories arranged so your reports answer the questions you actually ask.
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Bank feeds and bank rules
Every account and card connected, with rules for rent, subscriptions, payroll and other repeat items.
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HST configuration
Registration number, tax codes for each type of sale and purchase, and your CRA filing frequency set correctly from day one.
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Hubdoc and bill payments
Receipts and supplier bills captured automatically, approved and paid from one list.
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Payroll connected
Wagepoint linked to Xero so payroll, remittances and T4s reconcile without re-keying.
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Monthly close with commentary
Reconciled books every month, with a short note from your CPA on what changed and what to watch.
A note from our CPAs. The most common problem we find in self-set-up Xero files is HST configured wrongly. That is why a configuration review is part of every new engagement, including for businesses already on Xero.
Who we run Xero for
Owner-managed businesses across Ontario and Nova Scotia, including:
How it works
Three steps from first call to books that run themselves.
Free discovery call
30 minutes on Teams or by phone. We learn about your business and tell you what Xero would look like for you.
Setup or migration
We set up Xero and Hubdoc, connect your bank and move your history across, usually at a month-end.
Monthly service
Books kept current on Xero, HST filed, payroll run, questions answered from live numbers.
Common questions
Short answers. Ask the rest on the discovery call.
We already use another system. Can we switch mid-year?
Yes. We bring across your opening balances and history, usually at a month-end, and can run both in parallel for one cycle if you want the comfort.
How does Xero handle HST?
Each sale and purchase carries a Canadian tax code. Xero totals the HST you collected and your input tax credits and prepares the figures for the period you file with the CRA. We review the return and file it.
We are already on Xero. Can Western CPA take over?
Yes. Invite us as your advisor. We review the configuration and history, fix what needs fixing, and continue from there. Your subscription and your data stay yours.
What does Xero cost?
Xero is billed monthly on plans set by Xero. We recommend the plan that fits you and can include it in your monthly service. Current Canadian plans are at xero.com/ca/pricing.
Who owns the data?
You do. The Xero subscription is in your business's name, and Western CPA is invited in as your advisor.
Do I still need a bookkeeper?
Xero removes the data entry, not the judgement. We reconcile, review and file so that what is in Xero is right.
Book a free discovery call
30 minutes on Microsoft Teams or by phone, with the office nearest you.
Toronto
Chirag Lapsiwala, CPA
Unit 400, 5045 Orbitor Dr, Building 10, Mississauga ON
416-984-7001
