This article showcases our top picks for the best Toronto based Accounting companies. These startups and companies are taking a variety of approaches to innovating the Accounting industry, but are all exceptional startups and companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Toronto Accounting Companies
Wave makes running a small business better by providing free accounting, invoicing, affordable credit card processing (payments) and payroll. Over 3 million small business owners, in more than 200 countries around the world, rely on WaveApps to run their business.
Wave was founded in 2009 and is headquartered in Toronto, Canada.. .
FreshBooks is the #1 accounting software in the cloud designed exclusively for service-based small business owners and independent professionals. The company has helped more than 10 million people worldwide process billions of dollars with its ridiculously easy-to-use invoicing, time tracking, expense management features.
Recognized with eight Stevie awards for best customer service in the world, the company’s mantra is to “execute extraordinary experiences everyday.” Based in Toronto, Canada, FreshBooks serves paying customers in 160 countries.. .
Method:CRM is a QuickBooks-integrated, web-based platform with industry-specific applications that can be completely customized to match the business processes of its customers. It is completely code-free and is fully customizable with drag-and-drop tools.
Method:CRM is recommended for end users, QuickBooks ProAdvisors, QuickBooks ISP’s, consultants, developers and non-developer, and other companies, which are willing to use a platform that is able to adapt and change to their specific needs. Method:CRM was launched in 2010 and is based in Toronto, O.N..
Nexonia has been providing great software and exceptional customer service to customers across a breadth of industries since 2004. The company offers extensive and deep integrations with leading Enterprise Resource Planning solutions and cloud-based platforms.
They have full credit card transaction support from corporate, small business, and personal credit cards. Their core products include Nexonia Expenses and Nexonia Timesheets, which deliver on Nexonia’s promise of saving customers time and money.
Nexonia created one of the first 550 mobile apps available at the launch of Apple’s App Store on July 10th, 2008, and they offer iOS, Android, Windows, and BlackBerry mobile applications. Nexonia takes pride in implementing solutions to customers’ unique needs, while also extending new product features to the benefit of all customers.
The focus on software quality means that even as Nexonia has grown, it integrates and extends the system at a very fast pace.. .
CaseWare helps accounting firms, governments and corporations manage audit and financial reporting processes efficiently and with less risk. Founded in Toronto in 1988, CaseWare International Inc.
is a global software provider for accountants and auditors. Our solutions continue to push the technological boundaries in the industry by combining the power of automation with secure collaborative tools to help our customers reach new levels of productivity – and make better business decisions.
CaseWare solutions are trusted by over 400,000 users in 130 countries and in 16 languages.. .
HealthBank is a healthcare financial technology company that is building the financial OS for insurance and consumer payments for the future of healthcare. We are building the world’s first financial OS for healthcare providers (like hospitals, pharmacies), health insurance carriers, payers and benefits & HR platforms.
The infrastructure makes it easier, faster, and cheaper for the providers so that they can focus on what they do best; taking care of patients and patient needs.. .
Auvenir is a cloud-based audit solution designed specifically for small to medium sized accounting firms. We have taken the best of today’s technology to build a platform to enable a better engagement experience for accounting firms and their clients.
We are on a mission to help everyone Audit Smarter.. .
Campbell Valuation Partners Limited (CVPL)
Campbell Valuation Partners Limited (CVPL) is Canada’s longest established and largest independent consultancy specializing in business valuation, financial loss quantification and forensic accounting. CVPL is renowned for rendering objective and authoritative expert reports and court testimony.
CVPL offers an unmatched combination of technical expertise, experience, independence and hands on exposure to real world transactions and business processes.. .
AscendantFX is a Payment Solution Provider that combines tailor-made technology, dedicated customer support and seamless accounting integration to deliver speed, comprehensive reporting and clear ROI. AscendantFX has been in business since 2011.
Their success is attributed to their ability to successfully marry the world of technology with international payments. Their business is backed by over 250 years of combined experience in foreign exchange and international payments.
They strive to establish a partnership and a long lasting relationship with you and your company. Along with protecting your bottom line they are committed to customer service.
As your business grows, they wish to be a part of your growth.. .
PaymentEvolution provides online payroll and payment services to small- and medium-sized businesses. The company offers Payroll, an online payroll system that enables employers to pay their staff on time; PayChequer, a web-based system that allows employees to access their payslips and pay statements; Business Payments which facilitates direct electronic payments; and many other products.
Founded in 2008, PaymentEvolution is headquartered in Toronto, Ontario.. .
Chartered Professional Accountants of Ontario
We are CPA Ontario We are an educator, thought leader, regulator, advocate and provider. We protect the public interest by ensuring our members meet the highest standards of integrity and expertise.
We provide pathways to the profession for aspiring accountants from around the world. And we engage in our community as a responsible corporate citizen..
Derivative Valuation Services
We are a boutique financial service firm specializing in quantitative analysis and risk management. We combine the power of traditional structured finance with modern high performance computing in order to deliver unique solutions to our customers.
Our clients range from asset management firms to industrial, non-financial companies. Our services include: DERIVATIVES VALUATION Modeling and pricing of complex derivatives such as convertible bonds, mortgage backed securities, variance swaps, credit default swaps, collateral debt obligation Performing Monte Carlo simulation to value executive stock options and real options Construction of yield curves General derivative related consulting services TRADING AND RISK MANAGEMENT Risk analytics for derivatives books such as calculation of the Greeks, Value at Risk Implementation of advanced options pricing models: stochastic volatility, local volatility Development of multi-factor stochastic models for volatility and commodity related products Design and implementation of database for financial data and analytics Developing trading and hedging strategies for equity and commodity portfolios.
Cybernomics was founded in 1993 in order to ensure for our clients that their technology solutions fit the needs of their business requirements and growth. In 2005, Cybernomics incorporated Toyota’s Lean Solutions framework in order to ensure our clients had the best IT and technology service while delivering that service in the most effective and efficient way.
The concept of Green IT also came in 2005, built on the foundation of Lean Solutions and the new technology called “virtualization” which Cybernomics had been experimenting with since 2003. In 2008, Cybernomics founded the Think Green Alliance, with members Intel, Dell, Zerofootprint, EPEAT, iRecycle Computers, TELUS and many more.
www.thinkgreenalliance.com Now in 2009, Cybernomics is the premier Sustainable IT Consulting and Management firm in North America, providing services to ensure that any business can prosper through the use of technology in a carbon-constrained economy.. .
ATS offers a broad portfolio of time and attendance solutions that streamlines the collection, calculation, and reporting of employee hours for workforce management and eliminates the manual tasks of payroll preparation, increasing efficiency and reducing errors in corporate payroll departments. Thousands of organizations across North, Central and South America and Europe- including more than half of the Fortune 500 – use ATS TimeWork OnDemand, Workforce Planning, Employee Scheduling HR and payroll solutions to manage their workforce.
In addition, ATS provides modular analytic solutions that includes; workforce planning, benefits management, employee self-service, business intelligence, human resources, payroll, and advanced analytics based on a robust cloud computing platform for information and data needs. It also offers design, rapid deployment, support services, software updates, and enhancements; and consulting and training services.
The company offers business enterprise software solutions across a variety of industries, including; healthcare, manufacturing, government service entities, distribution, hospitality, retail, energy and natural resources, transportation and logistics and financial services. ATS TimeWork OnDemand Cloud Platform enables easy-to-use, integrated business application platform available to its customers, and third-party developers.
It also offers ATS TimeWork OnDemand as a combined database with enhanced capabilities thus, simplifying the application development processing methodology across big data structures.. .
TimeGenius™ is a seamless process that is designed to save you time & money. You & your business will benefit from the detailed time keeping and less administrative process.
You can even create projects that will be easy to track and stay on budget. TimeGenius™ allows your employees & contractors to make time entry on multi projects, in fact an unlimited pre-defined projects that your backend office creates for your team or company.
TimeGenius™ is designed to allow managers/ team leads or anyone responsible for tracking time or budgeting to review approve or reject employee submitted time as well as pre-set employee or contractor upcoming work schedule. TimeGenius™ has a second to none backend office that will allow you to self-manage your account effectively & easily without the hassle of third party support.
You are able to review current employee or contractors as well as previous employees or contractors submitted approved or rejected time for accounting purposes as well as generating invoices to your clients for payments. TimeGenius™ has your invoice in mind by allowing you to customize your logo & footer for a professional invoice each & every time to send your clients.
TimeGenius™ can easily be integrated with most of the payroll software to allow the exporting of approved timesheets to be processed for payment. TimeGenius™ is a fantastic product and process if you are a; Direct employer Staffing Agency with internal employees & contractors Consulting firm with resources working with your clients Project based company Account receivable/ payroll liabilities & services Visit us at www.timegenius.ca.
OpenDigits is a cloud bookkeeping and payroll solution designed for tech startups, by the people that understand tech startups. Developed by the same team behind Knit People—the ultimate payroll and HR platform—OpenDigits leverages industry-leading cloud software to help startups stay agile and compliant.
This technology is then paired with the expertise of professional accountants to provide full-service bookkeeping with on-demand support.. .
Necho, a division of CyberShift, Inc., is a global leader in expense management. Their solutions automate the processing and facilitate the management of employee business expenses, the second largest controllable expense after payroll.
Their customers achieve greater control over costs, improved compliance, and increased visibility into operations through data capture and reporting. As a result, they are able to reduce costs by at least 10% and make a direct impact on the bottom line..
Economic Investment Trust
Economic Investment Trust Limited (“Economic” or the “Company”) was the first closed end investment trust formed in Canada in 1927. The trust was sponsored by the chartered accounting firm of George A.
Touche & Company. The initial capitalization consisted of 32,250 shares issued in 1927 at $50 for a total of $1,612,500.
In addition, $1,000,000 of 30-year 5% Collateral Trust Gold Bonds were issued in 1927, making the total amount of initial capital subscribed $2,612,500. Economic is a closed-end investment corporation, the shares of which trade on the Toronto Stock Exchange under the symbol “EVT”.
Economic is an investment vehicle for long-term growth through investments in common equities, as management believes that over long periods of time, common equities, as an asset class, will outperform fixed-income instruments or balanced funds. From time to time, however, assets of the Company may be invested in interest-bearing short-term securities pending the selection of suitable equity investments..
EightyTwenty Group develops enterprise 2.0 software using a Software-as-a-Service (SaaS) delivery model. EightyTwenty Group (ETG) is a provider of customizable enterprise applications for professional service firms.
EightyTwenty offers enterprise software solutions that integrate with best-of-breed technologies to help employees become more productive. EightyTwenty’s core focus is on building applications that are easy to learn and use..
Cunningham LLP is a mid-sized public accounting firm based in Toronto. As Chartered Accountants with over 40 years of experience, their 6 partners provide expertise to a number of technology companies.
Services include assurance, tax, wealth management, corporate finance, bookkeeping, controllership and advisory services and are geared towards owner-managed, small to medium size Canadian companies.. .
This article was written by David Friedmman from Welp Magazine. The editor for this article was Tess Page. If your company is featured in this article and you want to have amendments made please contact us on: [email protected].
Alternatively you may write to us at: Welp Magazine/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.