Reconciling
What is it? We reconcile the daily transactions on all bank accounts and credit cards.
What is the typical outcome? The outcome is efficiency and consistency that creates reliable numbers so that you can confidently use them to make your business decisions.
How it is delivered? Xero software.
What factors affect the cost? How often you want the reconciling done, average number of transactions, bank accounts and payment processors.
Bill paying services
What is it? We develop a process and train your team to record, approve and pay bills.
What is the typical outcome? The outcome is efficiency, simplified cash management, and an approval process that reduces risks of errors or fraud.
How is it delivered? Bill.com software.
What factors affect the cost? Average number of payments per month.
Accounts receivable services
What is it? We develop a process and train your team to create invoices, send them to your clients and record payments received.
What is the typical outcome? The outcome is efficiency and a reliable list of receivables to forecast cash coming in.
How is it delivered? We use a variety of software, we will select the one that best fits your company structure and budget. The most common ones we use are Harvest or Xero.
What factors affect the cost? Average volume of invoices, number of users and payment processors.
Employee expense claims
What is it? We develop a process and train your team to process reimbursable employee expenses or employee expenses paid on a company credit card.
What is the typical outcome? The outcome is efficiency and an approval process that reduces risks of errors or fraud.
How is it delivered? Xero software.
What factors affect the cost? Average number of employees expense claims.
Capital asset tracking & depreciation
What is it? We record the purchase of all capital assets in Xero and attach supporting documentation in Xero so that you have easy access to the records in the future.
What is the typical outcome? The outcome is a capital asset listing that complies with IRS filing requirements and county property tax filings.
How is it delivered? Xero software.
What factors affect the cost? Complexity of business processes and number of business departments or managers.
Loans
What is it? Recording loans and related payments and reconciling to loan statements.
What is the typical outcome? Your financial records accurately reflect your interest expenses and loans payable.
How is it delivered? Xero software.
What factors affect the cost? Number of loans.
Sales tax calculations
What is it? We record sales tax bills due based on reports from Xero and your selling platforms. We attach supporting documentation to the bill for your business records.
What is the typical outcome? We simplify the calculations process for you so you just need to review it and process the payment.
How is it delivered? Xero software.
What factors affect the cost? Number of selling platforms and number of counties and states that your business has nexxus.
Adjusting journal entries
What is it? We record adjusting journal entries, as needed, and attach supporting documentation in Xero for your business records. Examples include allocation of prepaid expenses or overhead expenses.
What is the typical outcome? Clear audit trails of adjustments that alter your financial reports.
How is it delivered? Xero software.
What factors affect the cost? Number of adjustments needed per month.
On demand financial reports
What is it? A set of financial reports are created in Xero Accounting Software and available for you to view on your own.
What is the typical outcome? Access to timely information and the ability to monitor your business results on your own at each period close.
How is it delivered? Xero software.
What factors affect the cost? Frequency, number of reports and level of customization.
Paperless filing system
What is it? We establish a paperless document retention plan for your team to efficiently file all of your own receipts, statements, etc. .
What is the typical outcome? Convenient access to files and confidence that you have supporting documents for management to review as needed or to present to the IRS in the event of an audit.
How is it delivered? We use a variety of software, we will select the one that best fits your company structure and budget. The most common ones that we use are Hubdoc and Xero Expenses.
What factors affect the cost? Number of people filing, daily transactions, bank accounts, payment processors, vendors and loans.
Year-end close
What is it? Review and edit all recurring invoices for the new year, record year end inventory count, reconcile balance sheet accounts to statements, adjust owner distributions account to $0 for new year, lock the year end numbers in the software.
What is the typical outcome? Because your Xero reports are locked, they will always support your tax filings and year end statements.This builds confidence and ease in the event of an audit.
How is it delivered? Xero software.
What factors affect the cost? Number of recurring bills, bank accounts, loans, and shareholders.