MFI Consulting > Bookkeeping Services 

Bookkeeping Services for Modern, Cross-Border Businesses

Great bookkeeping is the engine behind every confident decision. At MFI Consulting, we help small and medium-sized businesses keep clean, compliant books. You can focus on growth, not spreadsheets. From daily transaction coding to month-end close and multi-entity consolidations, our team builds a finance stack that fits how you actually operate.

Why outsource bookkeeping to MFI?

No two companies manage money the same way, specially when you sell in both the U.S. and Canada. We design processes around your industry, currencies, tax zones, and reporting needs instead of forcing you into a one-size-fits-all workflow. Whether you’re a funded startup or a multi-entity group, you’ll get a scalable team that grows with you.

Platforms we support (and implement):

QuickBooks Online / Desktop • Xero • ERPNext • Odoo • Microsoft Dynamics 365 Business Central

We’ll keep what works, replace what doesn’t, and integrate your apps (e.g., Stripe, Shopify, Amazon, Plooto/Bill.com, Dext/Hubdoc, Ramp, PayPal) for a clean, automated flow of data.

What we do (bookkeeping & internal controls)

• Daily/AP & AR: Vendor bills, 3-way match, approvals, expense claims, customer invoicing, collections.

• Bank/card reconciliations: Cash, credit cards, merchant processors, undeposited funds.

• Revenue & COGS: Deferred revenue, subscriptions, inventory and landed cost, project/job costing.

• Payroll support: Canada (CPP/EI, T4/T4A, ROE, WSIB/CNESST) and U.S. (FICA, state, 1099/940/941).

• Sales taxes: GST/HST, QST/TVQ, PST, and U.S. state sales/use tax nexus and filings.

• Multi-currency & cross-border: FX revaluations, intercompany charges, eliminations, and consolidations.

• Month-end close: Accruals, prepaids, fixed assets & amortization, balance sheet recs, close checklist.

• Management reporting: Monthly financials, KPI dashboards, budgets/forecasts, cash-flow tracking.

• Audit-ready year-end package: Trial balance, lead sheets, schedules, and supporting documentation for tax filings (Canada & U.S.).

Cloud bookkeeping, done right

Work from anywhere with secure, role-based access and real-time dashboards. We set up your environment via QuickBooks, Xero, ERPNext, Odoo, or Dynamics 365 BC. We connect your bank feeds, payment gateways, and sales channels. Your documents, receipts, and reports are centralized, searchable, and backed by a full audit trail.

• Automation first: OCR capture, approval workflows, and bank rules reduce manual entry.

• Stronger controls: Segregation of duties, maker/checker approvals, and system permissions.

• Better visibility: Rolling cash-flow, margin analysis, and multi-entity performance in one view.

Cross-border bookkeeping is our specialty

Operating in both Canada and the U.S. introduces complexity. We handle it daily.

• Taxes: GST/HST/QST/PST plus U.S. state sales/use tax monitoring and filings.

• Compliance support: 1099/T4A vendor tracking, W-9/W-8 collection, foreign currency FX treatment.

• Intercompany: Transfer pricing support, recharge invoicing, and eliminations for consolidated reporting.

• Inventory & e-commerce: Multi-warehouse, landed cost, and channel reconciliation (Shopify, Amazon, etc.).

How we work with you

1. Diagnostic & design – We review your chart of accounts, apps, taxes, and close process.

2. System setup or migration – QuickBooks/Xero/ERPNext/Odoo/Dynamics 365 BC configured to your needs.

3. Process build – Documented workflows for AP, AR, expenses, and month-end close.

4. Run & refine – We deliver the close on a predictable schedule and iterate as you scale.

Benefits you’ll notice quickly

Get your time back to run the business! We handle the bookkeeping while you focus on growth. With clean reconciliations and a disciplined month-end close, your numbers are reliable and there are fewer surprises. We keep filings penalty-proof with on-time sales-tax and payroll remittances on both sides of the border. Your data stays protected under CPA-level confidentiality, strict access controls, and documented procedures. And because advisory is baked in, we proactively flag trends, gaps, and opportunities to improve margins and cash flow.

Flexible packages

Choose ongoing monthly bookkeeping, a part-time controller, or a full close-and-reporting solution. Need only a system implementation or cleanup & catch-up before year-end? We do that, too.