Most bookkeeping stops at putting transactions into buckets. Ours closes the month: reconciled accounts, accrual adjustments where they matter, and financials you can actually make a decision from.
Fixed fees, quoted in writing. Florida licensed CPA.
They are not wrong exactly. They are just not finished. Three things separate categorized transactions from a real close.
If the bank, credit card and loan accounts have not been tied out to statements, the balance sheet is a guess. Duplicate and missing transactions hide there, and they carry into the tax return.
Cash basis tells you when money moved, not whether you made money. Revenue recognized in the wrong period and unrecorded payables make a profitable month look terrible and a bad month look fine.
Most errors show up on the balance sheet, not the income statement. Negative inventory, an owner draw booked as an expense, a loan balance that never moves.
Same process every month, on a schedule, with a CPA reviewing the result.
Every bank account, credit card, loan and merchant processor tied to statements. Discrepancies are chased down, not plugged to a suspense account.
Prepaid expenses, accrued liabilities, deferred revenue and depreciation booked where they change the picture. You see the month you actually had.
Profit and loss, balance sheet and cash flow, delivered on a fixed schedule with comparatives so you can see trend rather than one month in isolation.
A licensed CPA reviews the close before it reaches you. This is the step almost every low-cost bookkeeping service skips.
QuickBooks Online, Ramp for card spend, Bill.com for payables, Gusto for payroll. Feeds and rules do the mechanical work so the human time goes into judgment.
Behind by six months or three years? We scope the cleanup as a separate fixed fee so you know the cost before we start, and so it does not distort your ongoing price.
Connected properly, so your books close on live data instead of month-old statements. Where we hold a certification, we say so.
General information, not advice for your situation. Outcomes depend on facts we would need to review with you.
“For the first time, I feel like I actually understand my business finances. Philip does not just prepare our taxes, he helps us make better decisions throughout the year.”
Monthly, based on the scale and complexity of the work rather than an hourly meter. Revenue is the starting input because it correlates with transaction volume, but the accounting basis you need, how many accounts we maintain and how often you need the books updated all move the number. The quote tool will give you a real starting figure in about two minutes.
It depends on your size, your industry and whether you carry inventory or receivables. Businesses with inventory generally cannot use pure cash basis for tax purposes, and businesses above certain gross receipts thresholds are required to use accrual. Beyond the requirement, accrual is usually the more useful management picture if you invoice customers or hold stock. We will tell you which you need rather than defaulting to whichever is cheaper to produce.
With a diagnostic. We look at what state the file is actually in, how far back the problems go, and what has to be corrected versus what can be left alone. Then we quote the cleanup as a fixed fee separate from ongoing work. You will know the cost before we touch anything.
Either. Some clients want the whole function outsourced. Others have an internal person handling day-to-day entry and want a CPA doing the monthly close and review on top. The second arrangement is often the better value if you already have someone competent in-house.
Usually yes, and it is materially cheaper when we do both, because the return is prepared from books we already closed. You are not obligated to bundle them.
Most firms make you book a call before they will name a price. Answer a few questions and get a real starting number in about two minutes.
