Condominium Corporation Bookkeeping Toronto
Condominium Corporations · Toronto
Bookkeeping Built for Condo Boards
Reserve fund tracking, common expense reconciliation, and clear monthly financial packages — so your board can make confident decisions and your corporation stays CRA-compliant year-round.
What We Handle
Everything Your Board Needs, Nothing It Doesn't
Condominium corporation finances are governed by the Condominium Act and scrutinized by unit owners, auditors, and lenders. We keep every account clean, every report on time, and every filing compliant.
Reserve Fund Tracking & Reporting
Accurate month-over-month tracking of your reserve fund contributions, expenditures, and balances — so your board always knows exactly where you stand against your reserve fund study.
Common Expense Reconciliation
Every unit fee collected is reconciled against your budget. Arrears are flagged promptly, and your common expense accounts stay clean and audit-ready at all times.
Status Certificate Preparation Support
We keep the financial records that feed into status certificates organized and current — so when a unit sells, the financial disclosure is ready without a scramble.
Monthly Board Financial Packages
Your board receives clear, professional financial statements each month: income statement, balance sheet, budget variance report, and reserve fund summary — formatted for non-accountants.
CRA Compliance & Year-End Preparation
Condominium corporations have specific CRA filing obligations. We keep your books CRA-compliant year-round and prepare clean year-end financials for your accountant.
Vendor Invoice Management
From landscaping to elevator maintenance, we track and categorize every vendor invoice — giving your board a clear picture of operating costs and making budget reviews straightforward.
"Our condominium corporation has strict reporting requirements. My Book Solutions handles everything professionally and delivers the financial statements our board needs every month."
Common Questions
Frequently Asked Questions
Ready to Simplify Your Condo Corporation's Books?
Book a free consultation and find out how we can take the financial reporting burden off your board — starting this month.