In the months or years since you first became a small or home-based business owner, has your accounting, bookkeeping or tax reporting become frustrating and time consuming? Have you been encouraged to find a good service that can assist you? What about strategic planning?
If you've 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. Now might be a good time for some research though, because now, you're 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, especially when they may have employees or independent contractor staff recognized by the Internal Revenue Service.
Our CPA led accounting teams provide bookkeeping, as well as tax and planning support. Abacus bookkeepers offer years of cloud-based multi-platform experience. Each are certified on the following platforms... Quickbooks, Xero, Sage, Netsuite and Patriot. Every client is provided a single internal account manager to address their needs. You may interact with your account manager as necessary... however, quarterly CPA consults are part of our normal process.
We'll begin by reviewing whether clean-up work will be necessary. Clients must provide administrator access to their online platform. Since we work within your existing subscriptions, migration of data is not required. Still working with Excel spreadsheets, we can help you select an appropriate package. We do not provide on-site services.
The processes below will be our starting point for this review...
Daily Bookkeeping Tasks
Monthly Bookkeeping Tasks
Quarterly Bookkeeping Tasks
Annual Bookkeeping Tasks
*And, lets not forget bank reconciliations, or payroll processing systems...*Clean-up work is billed separately, and pricing will depend on the work to be completed...
Last, but certainly not least… there is a subtext here that needs consideration. While every task bookkeeping completes is vital, the financial health of your business and its ongoing operation, are only fully achieved when business development and tax planning have been brought into the process.
Our recurring bookkeeping fees are as follows: If your monthly expenses are less than 10k, reconciliations may be done quarterly or monthly for $189.00… your selection of a quarterly or monthly cycle depends on payroll requirements. If there are no payroll requirements then quarterly is fine. If monthly expenses are above 10k... regardless of payroll, it will automatically be a monthly reconciliation cycle.
*Client accounts on a quarterly reconciliation cycle are billed separately for tax filings, CPA or EA consults, and business planning/development services...*Client accounts with expenses above 10k are negotiated rates, offering one set price for all services which honors our savings guarantee...
What is our Savings Guarantee...?
According to the Department of Labors' Bureau of Labor Statistics (BLS), the median salary for a "Full-Charge Bookkeeper" nationally is $44,850... this will vary some regionally based on other variables, and could reach a high of $55k annually. Our remote service ranges from $500-$2750 monthly for businesses above 10k in monthly expenses. Your specific fee depends on the complexity of the situation. We offer a full service accounting experience beyond mere bookkeeping. You are matched with one of our CPA led accounting teams providing bookkeeping and business advisory support. It also includes a dedicated Enrolled Agent with the Internal Revenue Service to assist with tax preparation, planning and/or resolution.
The following "Professional Services" are all USA based and provided to all clients...
Dedicated CPADedicated Enrolled AgentDedicated Internal Account Manager (Full-Charge Bookkeeper)All Bookkeeping, Payroll and Tax Related Data Entry as RequiredAccess to Our Business Planning Platform
*Three dedicated professionals plus data entry support for less than the salary of one full-charge bookkeeper...*Non-Service related (personal) CPA consultations are also available, but incur a separate hourly charge, at $120.00 per hour. Please call to schedule...
Software subscriptions for accounting and payroll platforms are borne by the client depending on the software and service levels chosen. Don't have active subscriptions? We can offer access to discounted subscriptions from each of the major providers.
**Service Disclosure**Every client is provided a confidentiality agreement as part of their service contract.. You will be assigned to an experienced CPA led accounting team. Each team includes Enrolled Agent and Bookkeeping support. All recordkeeping and document preparation 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.