Bookkeeping
Xero bookkeeping
Full-service bookkeeping inside Xero for Canadian businesses, in an organization under your own subscription. Finbryn configures Xero's tax rates for GST and HST, reconciles every connected account monthly and closes with a profit and loss statement and balance sheet ready for your T2 preparer.
Bank reconciliation summary
Illustrative client · August 2026
CAD
| Account | Difference | Status | ||
|---|---|---|---|---|
| Operating account··4821 | 184,220.16 | 184,220.16 | 0.00 | Reconciled |
| Reserve account··0937 | 60,000.00 | 60,000.00 | 0.00 | Reconciled |
| Company card··1006 | (12,418.52) | (12,418.52) | 0.00 | Reconciled |
| Card processor clearing | 8,905.40 | 8,905.40 | 0.00 | Reconciled |
| Payroll clearing | 0.00 | 0.00 | 0.00 | Reconciled |
Last weekly runFri, Aug 28, every account agreed to its statement.
Two open itemsTwo card receipts requested from you, marked on the card account until they arrive.
Illustrative. An example of the document, not a client's figures.
Xero, set up for Canadian tax
Xero ships with generic tax rate templates, and they need to be checked against the provinces a Canadian business actually operates in before GST, HST or a separate provincial sales tax is coded correctly. We do that at setup and check it again at each reconciliation.
Monthly work inside Xero
Bank rules and app connections, including Dext for receipts and Wagepoint where payroll needs to post into the ledger, are configured to speed up coding. Each month, transactions are categorized, every bank, card and payment account reconciled, and Xero's own reports, plus custom reports where the standard set falls short, are delivered.
Advisor access, not ownership
We work as the advisor you add in Xero, at whatever access level you choose, and you can revoke it at any time. The organization and its subscription stay in your name throughout.
Migrating into Xero
Moving from Sage 50, QuickBooks or another platform, we bring across the chart of accounts, contacts, open invoices and bills, and prior-period balances so nothing has to be re-entered.
Feeding your year end
A reconciled Xero file means your T2 preparer starts from agreed balances well ahead of the six-month filing deadline. Every file is reviewed by a senior principal before it reaches you. See monthly bookkeeping or pricing for the published rate.
Multi-currency and multi-entity
Where a business bills in US dollars or holds a related entity, Xero's multi-currency and multi-book features are configured so each entity's figures stay separate while still rolling up cleanly for the group.
Questions
Frequently asked questions: Xero bookkeeping
Do we need to add you as our Xero advisor?
Yes, at whatever access level you choose, and you can remove it at any time.
Does Xero handle GST/HST correctly out of the box?
Not automatically. We check and configure the tax rates for the provinces you operate in before relying on them.
Can you move us into Xero from Sage 50 or QuickBooks?
Yes, including the chart of accounts, contacts, open balances and history.
What exactly is included in xero bookkeeping?
A Xero account set up or tidied under your own subscription, and bank rules and app connections configured to speed up coding. This work runs inside Xero or Dext, whichever your business already has in place, and it rolls into your regular monthly close rather than sitting off to the side as a separate, unreconciled process.
What happens to our xero bookkeeping records if we switch providers?
Everything stays inside your own Xero or Dext account, so the full history transfers with the subscription, not with Finbryn. You can hand xero bookkeeping to another provider or bring it in-house at any point without losing a reconciliation or having to rebuild the file first.
Do you need to be added as our advisor in Xero?
Yes, at whatever access level you choose, and you can revoke it at any time.
Can you move us from another platform into Xero?
Yes. We migrate the chart of accounts, contacts, open invoices and bills, and prior-period balances.
How is xero bookkeeping priced?
Pricing for xero bookkeeping depends on your transaction volume, the software you use, and how much cleanup is needed before ongoing work starts. Current ranges are published on the pricing page, and your exact fee is confirmed in writing before anything begins.
What software works with xero bookkeeping?
Xero bookkeeping runs inside Xero or Dext, whichever you already use. If you are not yet set up in either, we can configure a file in your name so you keep ownership of it once the engagement is under way.
Related services
- BookkeepingMonthly bookkeepingOngoing monthly bookkeeping: transactions sorted into categories, accounts reconciled and month-end reports delivered in the software you already use.
- BookkeepingQuickBooks Online bookkeepingFull-service bookkeeping delivered inside QuickBooks Online, in a file that belongs to you, using the app connections and reports the platform already offers.
Industries
- Ecommerce (Amazon and Shopify)Bookkeeping for online sellers on Amazon, Shopify, Etsy and their own storefronts, built around clean payout and sales tax data.
- Professional servicesBookkeeping for professional service firms such as engineering, architecture and IT consulting billing clients by project or retainer.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.