Basic Bookkeeping
Basic Bookkeeping does require the use of your own QBO subscription. You own the license to that and will retain access to the program upon termination of our working relationship, if that ever happens.
Monthly or One-Time Dedicated Review Meetings
Monthly or one-time Dedicated Review Meetings will be helpful for you if you are needing to brainstorm issues about your business or want to go over the financials in detail. We highly suggest that our clients schedule a review meeting monthly (or at least quarterly) to chat about the financials and discuss future plans with your business. It's always nice to have a fresh perspective on things. One-time Dedicated Review Meetings are currently $147 or you can sign up for recurring monthly meetings for $97/month. We appreciate at least a three month commitment for our monthly rate but it is not required.
Payroll Setup and Support
All payroll submission, tax payments and tax report filings (including year end reports and W2s) are included. The fee varies depending on how many employees your company hires. Our payroll experts take on full responsibility for all timely and accurate tax payments and filings. Our payroll experts can even assist you with HR functions and retirement plans for yourself, partners and employees. Any HR service will require an additional engagement letter with our payroll partners.
Sales Tax Filings
Sales Tax Filings may be a helpful item to offload. We would be happy to assist with monthly, quarterly or annual filing of your business sales tax returns. You are required to submit the information necessary for us to compile totals and submit online to the various state departments of revenue. We do expect the information to be sent to our team no later than 5 business days before the due date of the return to allow for adequate time to compile and file.
Class Tracking
Class Tracking is available if you are looking into more detailed financial statements. This can be helpful if you are wanting to track profitability of certain jobs, customers or large product lines. It is also a requirement for real estate investors who have rental properties and plan to "flip" homes for resale. In order for class tracking reports to be helpful to you, we will need to work out a process to communicate details on each transaction so that we know how to track the various classes, properties or departments. We have several different methods to choose from and we can make a plan of action based on what works best for you.
AR and AP Management
AR and AP management are tasks that can be very time consuming and we would love to streamline those processes for you. Keeping track of customer and vendor balances, sending out invoices, processing customer and vendor payments and updating customer and vendor records are some of the items we can do for you. This requires more communication throughout the month and may require additional software subscription costs as well.
Clean-up / Catch-up Work
Clean-up/Catch-up Work is something that most of our new clients will need to add on. You will be required to add this service on for any months that are not completed. For example, if you have filed your 2020 tax return already, then we need to complete and/or review your books starting with January 2021 in order to prepare accurate financials for your upcoming tax return.
Do you require a contract?
Nope! Though we do not offer partial month refunds, no contract is required.
What is required of me?
We do not offer refunds but you can cancel anytime. We do want to provide world class service to you but we cannot do that without the proper documents and items requested during onboarding and in the future. We also cannot read minds so there will be various questions asked throughout the month to make sure we are categorizing things appropriately. Timely responses are appreciated.
We reserve the right to make changes and additions to the terms and conditions at any time.