In the months or years since you first became a small or home-based business owner has your bookkeeping effort become frustrating and time consuming? Have you been encouraged to find a good bookkeeping service?
If you have put off that advice thus far, it generally means you’ve been spending most of your time growing your business, and managing all the roles yourself or perhaps through the kindness of a family member. But now might be a good time for some research. Why…? Because now your involved with more than recording payables and receivables. Now, you’ll want to guarantee the security, power and continued success of your business.
Abacus provides services to all business entities which includes home-based sole-proprietors who may have employees or independent contractor staff recognized by the Internal Revenue Service.
Our remote bookkeepers have years of cloud-based multi-platform experience. You may interact with your team as needed, however… quarterly consults are part of our normal process. Our service takes a three-tiered approach when on-boarding new clients. The first is to review/establish the accounting file structure. Clients must provide administrator access to their platform, we work within your existing system, migration of data is not required. Haven’t chosen an accounting platform yet… we can help you evaluate.
Next, we prioritize the tasks. Sounds simple, but there’s a lot more to this step than meets the eye, here is the initial process we look to create, we can add or subtract tasks where applicable …
Daily Small Business Bookkeeping Tasks
Monthly Small Business Bookkeeping Tasks
Quarterly Small Business Bookkeeping Tasks
Annual Small Business Bookkeeping Tasks
And, lets not forget bank reconciliation(s) or additional payroll services as needed.
Last, but certainly not least… there is a subtext here that should be addressed, while every task bookkeeping completes is vital, the financial health of your business and its underlying structure will only be fully achieved when tax planning has been brought into the process, which is the third step in our tiered approach.
Our recurring bookkeeping fees are as follows. If your monthly expenses are less than 1k your reconciliation is done quarterly for $129.00… if your monthly expenses are above 1k your reconciliation is done monthly. When between 1-3k your fee is $149.00… if between 3-5k your fee is $169.00… or between 5-10k your fee is $189.00. Expenses above 10k are all negotiated rates, please call for a quote. We do not include payroll in our monthly expense calculation. Payroll services are billed separately.
**Service Disclosure**Every effort has been made to offer the most current, correct, and clearly expressed information possible. You will be assigned to one of our vetted and experienced bookkeepers. Your bookkeepers professional resume may be provided upon request. All bookkeeping tasks are completed based on the client records provided. Nothing will be added or deleted that would portray an inaccurate accounting of your business situation.