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At Element CPA, we combine deep financial expertise with modern cloud tools to provide startup accounting services through every stage of growth. Whether you’re setting up systems for the first time or preparing for your next raise, we tailor our services to meet you where you are and help you move forward with clarity, confidence, and peace of mind. 

We don’t just check boxes. We think ahead, act like an extension of your team, and make sure your finances support your vision. 

Our Services

Our Packages

FAQs

 OUR SERVICES

Schedule a discovery call

We offer full-stack startup accounting services built for speed, scale and simplicity. Choose only what you need or let us help you build the perfect combination. 

Our Services

Bookkeeping

We manage your ongoing bookkeeping needs with accuracy and consistency. From setup and integrations to regular reconciliations and revenue tracking, we ensure your records are always current and reliable—whether you need monthly, weekly, or quarterly support. 

So you always have clean, timely financials ready for decision-making, funding, or audits.

Financial Reporting

We deliver the financial visibility your startup needs to grow with confidence. This could include monthly or quarterly reporting, board-ready packages, investor reporting, budgeting, forecasting, and variance analysis—all aligned to your business model and goals. 

So you can make smart, data-backed decisions with confidence.

Payroll & HR Support

We take the stress out of payroll with streamlined processing, onboarding and offboarding workflows, and end-of-year reporting. Whether your team is local or remote, we help you stay compliant and organized at every stage. 

So your team gets paid on time, and you stay compliant without the stress.

Strategic Advisory Services

We support your leadership with financial guidance—from cash flow planning and forecasting to KPI development and process optimization. Regular check-ins ensure you’re not just staying on track but planning ahead. 

So you gain a trusted partner to guide your growth, not just keep the lights on.

Corporate Tax & Compliance

We make tax compliance feel manageable. From filing your T2 Corporate Tax Return to HST/GST filings and CRA audit support, we ensure your business stays compliant and stress-free. We also coordinate SR&ED credit support and provide clean year-end working papers for your records or external auditors. 

So you stay compliant without losing time, money, or peace of mind.

Technology Integration & Process Automation

We design and implement a cloud-based financial stack that supports how your startup works today—and where it’s going next. From accounting tools to payment and payroll systems, and e-commerce add-ons, we automate what can be automated. Once in place, we help you and your team make the most of them. 

So your startup accounting systems are streamlined, scalable, and ready for what's next.

startup founders working on budgets

”The Element CPA team has been fundamental to our growth and I honestly don't know what we'd do without them. The impact that they've had is profound and I only wish we had engaged them sooner.

Jordan BrooksFounder & CEO, GreenPaths Software

 OUR PACKAGES

Schedule a discovery call

Our Packages

Every package is fully customizable because no two startups are the same. 

Foundation

For early-stage startups laying the groundwork and just getting started. Includes:

  • Monthly bookkeeping  
  • Quarterly reports 
  • Xero + Dext setup 
  • Annual HST filing 
  • T2 Corporate Tax Return 
  • 48hr response time 

You might be bootstrapping or using seed investment, trying to make sense of your finances while focusing on product and traction.

What you need is confidence in your numbers and a foundation that won’t crack under pressure. We’ll help you build a system that supports your growth from day one without breaking the bank.

Get Started

Growth

For growing teams needing sharper insights. Includes everything in Foundation, plus:

  • Monthly/quarterly reports (P&L, balance sheet, AR/AP) 
  • Board reports & contribution analysis 
  • Budgeting, forecasting & variance reviews 
  • SaaS metrics and KPI dashboards
  • Investor Reporting 

Revenue is flowing, your team is growing, and the stakes are higher. You have more expenses to track, payroll to manage, and investors to update. It’s time for deeper visibility and tighter control. 

We’ll help you manage burn, track performance, and ensure you have the processes and systems in place to make smarter decisions, faster. 

 

Get Started

Scale

For funded startups with complex needs and big plans. Includes everything in Growth, plus:

  • Weekly bookkeeping & reconciliations 
  • Weekly cash flow tracking 
  • Board/investor-ready reports 
  • SR&ED support 
  • Payroll across Canada/U.S. 
  • Dedicated CPA check-ins 
  • Fundraising & diligence support

You’ve got traction, funding, and a serious runway—and your financial operation needs to keep pace. You’re managing increased complexity, compliance, investor reporting, and the pressure of hitting key milestones.

We act as your finance partner, and help with what you need to lead with confidence and scale responsibly. 

Get Started
reviewing startup cash flow numbers on a screen

”Could not be happier with service Element CPA team provided at the critical time of our startup company. They know what tech startups needs are. Our previous accounting firm didn't put enough attention to our needs and we urgently needed to revamp our processes. We now have everything in order.

Oleg StukalovFounder & CEO, TensorOne

Frequently Asked Questions

What types of businesses do you work with?

We specialize in startup accounting for VC-backed and growing companies across Canada and the U.S., from pre-revenue to scale-up.

What makes Element CPA different?

We’re a modern, cloud-based accounting firm built for startups. We integrate tools, automate processes, and act as your long-term partner—not just a vendor.

What's included in bookkeeping?

Transaction recording, reconciliations, HST/GST, financials, and year-end prep. Depending on your package, we can also manage AR/AP.

Do you offer payroll?

Yes—we handle bi-weekly or semi-monthly runs, onboarding/offboarding, ROEs, and year-end slips across Canada and the U.S.

Can you help with budgeting and forecasting?

Absolutely. We build budgets, update forecasts, and perform variance analysis using tools like Fathom.

Do you handle corporate taxes?

Yes. We prepare and file Canadian T2 corporate tax returns, handle CRA communication, and support SR&ED schedules.

What tools do you use?

Our startup accounting services are powered by Xero, Dext, Plooto, Fathom, Float, Wagepoint, Humi, and Gusto. We handle setup, training, and integration.

Can you help us move from QuickBooks to Xero?

Yes. We handle full migrations, including historical data and training your team on Xero.

How do we get started?

Once you sign, we onboard you, set up your systems, and introduce your dedicated team. 

What’s your response time?

Standard is 48 hours. Higher-tier packages include priority and Slack/email support. 

”We have been working with Element CPA and cannot say enough good things about them. From their modern use of software tools. and reporting, to the level of detail and accuracy -- Element CPA is ideal for fast growing startups, and growth companies.

Steve HulfordCo-Founder and CEO, Underknown