Yes, if the right mindset is in place, and that is to think of your outsourced provider as a part of your team and as a productive means to extend your business. It also requires regular communication and collaboration.
Good accounting and bookkeeping is a two-way street. As the expression goes, “garbage in, garbage out.’’ For us to produce accurate and timely records, as well as a prepare meaningful financials for your business, then we need to work together. You can count on us to do our part, which is most of the heavy lifting, but we need you or our assigned point of contact to be an active participant in the process.
Generally this means providing the documents we need in an orderly and routine basis, following the schedule and procedures we put in place and being responsive to the questions we raise. It also means taking the time to review the financial reports we provide and discussing your comments with us so that we can get to know you and your business well.
No. We perform certain functions that a Controller does, such as closing the books each month and producing the financial reports. However, we do not disburse funds on your behalf or make a determination on which vendors to pay. We are able to provide and tee up the information you to approve and pay bills, but we leave that decision making to you or your authorized personnel who are within the business operations.
If you need an outsourced Controller or CFO, we can refer to you several options in our network.
While that is not quite the million dollar question, the answer is “it depends.” We analyze and quote each engagement individually. Our fees are function of volume and complexity.
For the most part, we work on a fixed monthly fee, that is determined after we go conduct our scoping process. Fees can range from a few hundred dollars a month, to a few thousand dollars a month.
The scope of work varies quite a bit depending on the size of the business, the volume of transactions or the specific requirements for support.
For a quick quote, send us an inquiry here.
No, we do not do annual tax return planning or preparation but we work very closely with your trusted tax preparer or can refer you to an established and reputable CPA in our network. We like to establish a good working relationship with your chosen tax preparer. Tax and bookkeeping go hand in hand, and we believe our expertise in the bookkeeping and accounting makes the job of your tax preparer a lot easier.
We can do state tax filings and payroll tax filings.
It depends on the size of the projects. If it large project that takes a few months, we do consider it. However if it is a small one-time project, we generally do not accept those as they can be quite disruptive to our normal operations.
Yes we do payroll processing as an optional add-on services to our bookkeeping and accounting clients. We do not do payroll as a standalone service, however.
Yes, absolutely. This is one of our areas of expertise. There are many reasons that books get behind. We are happy to help you organize your records and get your accounting file set up and caught up so that you can be a) tax compliant and b) have visibility in to the financial performance of your business.
Yes, absolutely. No matter how disorganized your records are, we can help you organize and clean them up.
Yes we can process your bills and enter them in the accounting platform. We don’t pay your bills ourselves (we don’t disburse funds as a matter of policy), but we will prepare and tee them up so that you can confidently pay them from the convenience of your home or computer. No need to load the printer with check stock unless that is your preferred operational method.
Yes we can, but we only send invoices over e-mail, not by post.
No. This will have to be done by someone on-site. However, we can check with your bank what forms of deposits they can accept.