We start new business ventures to offer our communities new opportunities, better services, or access to products that make their lives better. Businesses are established to make a profit and improve the lives of business owners and employees.

At Freestone Associates, we are reliable bookkeepers committed to rendering accurate services to our clients. Our founder Kim Freestone has over thirty years of accounting experience which ensures we minimize taxes and add value. We are also consistent and responsive in our approach, enabling us to be proactive and take on unexpected challenges for our clients.

Freestone Associates is a bookkeeping firm in Toronto, Ontario. We provide bookkeeping for small businesses, including not-for-profit, charities, and corporations. We currently are a team of four and work solely with QuickBooks online and desktop software and serve clients across the Greater Toronto Area, Mississauga, Oakville, and Vaughn.

Great bookkeeping applies systematic routines and accounting principles to ensure the financial data of the business is valid. Keeping the books in great shape monthly, quarterly, or semi-annually takes time and money, and sometimes it is worth it and sometimes it is not worth it until the fiscal year-end. How do you know how often you should have the bookkeeping done?  

As an entrepreneur, it can be challenging to juggle all areas of the business. When so much of your time is taken up with operations, marketing, and customer service, it is the accounting that tends to suffer. Procrastination on your accounting requirements will have a detrimental effect on the success of your business. To avoid this scenario, hire a great bookkeeper who will save you time, improve cashflow, avoid expensive pitfalls and provide peace of mind.

The year 2021 is marked as the year of great resignation and the emergence of various variants of COVID-19 in some parts of the world. In the global market, these changes have impacted many small businesses. While some of them have been able to pivot sales streams to online successfully, others suffered from the lack of human capital.

Established by Kim Freestone, a bookkeeper and QuickBooks Pro Advisor based in Toronto, Freestone Associates has been in operation for more than a decade, specializing in bookkeeping and managerial accounting for small and growing businesses in the Greater Toronto Area. Prior to starting her practice, scores of successful freelance assignments led Kim on the path of continuous development from basic bookkeeping to providing valuable business advisory services. 

When you own a small, growing company, quality bookkeeping is an essential ingredient. However, new tax rules and regulations and the owner being pulled in too many directions makes it very difficult to maintain the books and the tax requirements accurately and on time. If you make the slightest mistake, it could lead to heavy losses that put your business at risk. To help you steer clear of bookkeeping pitfalls that could lead to accounting and tax issues, the experts at Freestone Associates have compiled a list of the most common mistakes people make with bookkeeping.

We are delighted to announce the launch of our new website!

New Website Coming Soon!