You’ve met our people, our clients, and learned more about the teams that support our services, but how about the services, themselves? Welcome to the Accountfully service spotlight series, where we share the details on each outsourced accounting service. Find out what we offer, how it can help, and see if it is a good fit for your business.
At the heart of a company’s accounting is its bookkeeping. These are the regular tasks a new business owner experiences as they begin to start life as a functioning entity. Paying bills, depositing funds from clients, sending invoices, and closing all of these expenses out at the end of each month. Oftentimes we come across companies that already have a bookkeeping professional and/or process in play, but still lack the professional and strategic oversight of a controller-level accounting pro. Enter the concept of bookkeeping and controller services. Accountfully’s solution for customizable, flexible bookkeeping support that allows you to maximize your existing team and establish the baseline required for accessible financial data from which you can make decisions and grow your business.
We support your regular bookkeeping needs on a scaled-back level. This ranges from bi-weekly support to acting as your controller who supports your existing bookkeeping team. We ensure your work is getting done accurately and on time, and help facilitate an accurate and timely close of the books each month. These services can range from the bookkeeping tasks themselves to just the controller-level oversight and management, depending on your needs.
Outsourced accounting is a more proactive service model with full-service, more “classic” accounting support in the transactions an accountant will typically manage on a regular basis. Tasks like in-depth payroll processing, bill payment, accounts receivable, and invoicing are done on a regular basis. Our bookkeeping service is designed to support the financial reporting side of the business and would be considered more of a reactive service in comparison.
Full-service outsourced accounting may be a better option for those seeking enhanced support in:
Bookkeeping and controller services make the most sense for companies in need of more basic support with a professional accounting polish, which brings us to our next FAQ.
Any business that needs regular bookkeeping support benefits from this service. If you have a regular bookkeeping team or a process in place but lack the more experienced oversight, a bookkeeper/controller level service offering will help keep the books on track and the month-end closes wrapped up on time.
These services benefit a range of businesses in need of a fresh start from the beginning, to a scaled-back solution to oversee an in-house team.
By establishing an accurate baseline and ensuring that the bookkeeping is up to speed, it sets you up for success when the business grows and there is more complexity at play. With accurate books and financial records, transitioning to full-scale outsourced accounting, and/or adding additional support services to aid in business expansion is an easy transition.
Many of our bookkeeping clients add on more tax services and additional advisory or inventory-specific services as they grow.
These services are very customizable, depending on the level of support needed. The most accurate pricing depends on your specific situation and/or the current service level required, but typically we will charge between $150 and $185 per hour, depending on the complexity level of the support required and amount of tasks performed.
New clients will go through a set up phase, which typically lasts between 30-45 days. During this time we set up Quickbooks Online, gain access to bank and other important accounts, clean up any existing financial records to date, and do a month-end close. This typically ranges between eight and 15 hours, but varies depending on the size and complexity of the business as well as the scope of work to be performed.
After over a decade of business, Accountfully clients have a lot to say about the services we provide:
"When would I recommend a company hiring someone like Accountfully? Day One. Because, I think finances can be turned into like, your kitchen junk drawer. They get messy, really fast."
Chris Quinn • eHouse
For new clients, we will start by learning about your business and addressing the service level that meets your needs. You can start by sharing the basic details of your business and scheduling a call on our contact page. We will discuss the next steps during our call.
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