What’s included in the Basic Bookkeeping package?
What’s not included in the Basic Bookkeeping package?
Anything above and beyond basic tracking of income and expense items for the month is not included in the monthly price above. However, additional services are available as an add-on to your basic bookkeeping package. These add-on’s include: accrual basis accounting, detailed financials showing class tracking or job profitability, invoicing, bill payment, payroll, sales tax filing, tax planning and preparation and legal help. Monthly strategy sessions are also available for additional fees.
How do I request additional services?
Once you have selected to enroll in the Basic Bookkeeping package, you will have an opportunity to review additional services in more detail and select those that suit your business best.
What qualifications does your team have?
Many of our team members are CPAs, legal professionals and Certified Pro-Advisors. You can rest assured that you are working with the highest quality professionals. We all also belong to a large network of financial professionals so if there is a question we have not seen before, we have a lot of resources in our back pocket to find an answer for you fast.
What happens after I sign up for the Basic Bookkeeping package?
We will plan a discovery call where we can discuss your business needs and adding additional services as necessary. Afterwards, you will be given access to the client portal so you can watch a short series of on-boarding videos. Simply follow the directions in the videos and we will get to work ASAP. The final step in the on-boarding video series is to book a call with the CEO of our company for an introductory phone call. We love the opportunity to chat with our new clients so we can serve you well!
What information do I need to share?
Ideally, our bookkeeping team will need access to your business bank and credit card accounts in order to efficiently complete your monthly financials. Many banks allow for accountant (read-only) access to bank accounts. This access helps us to keep our fees affordable and our efficiency high.
If I have a question, how long does it take to get an email response?
We pride ourselves in being very responsive to our clients important inquiries. We strive to respond within 24 hours at most (except over weekends and holidays). If we are very busy, we will respond to let you know we’ve received your email and will address it shortly.
What hours do the bookkeepers and other team members work?
Due to the flexible nature of bookkeeping work, many team members work various hours of the day and night. However, we use standard M-F 8-5 work hours to address emails and phone calls.
Is Quickbooks Online required to sign up for the Basic Bookkeeping package?
Yes. Our team must use Quickbooks Online in order to handle the bookkeeping at our firm. Versions – Essentials, Plus, or Advanced are all acceptable. Simple Start or Quickbooks Self Employed are not. If you have a current subscription, you are ahead of the game. No need to get another subscription. If you do not currently have a subscription, the on-boarding videos will walk you through how to get that setup. We are able to offer QBO discounts to our new clients that do not hold subscriptions. This is the best discount you can get with Quickbooks Online. We highly recommend signing up for Essentials or Plus to start.
Do you require a contract?
Nope! No contract is required. However, there are no partial month refunds. We do require a 30 day notification of cancelling of services.
Is an engagement letter required?
Yes, an engagement letter is required. You can click that you accept the terms of service and that will act as our engagement letter. It will be available for download from the client portal.
Ready to join our firm and enjoy your business?
Are you ready to take back your time and put it into your business where you need it the most? Get the process started by requesting a quote, calling us, or sending us an email! We can’t wait to work with you!
Curious about the services we offer at Monarch Advantage?
Quickbooks Online Support
First time Quickbooks Online user? Setting up QBO (Quickbooks Online) can be daunting! We can set up your bookkeeping accounts and services for you. Utilizing proper QBO settings is an integral part of accurate bookkeeping and year end financials. We will ensure your books are set up for success. We can also get your subscription at discounted prices and train you on the program.
We offer monthly cash basis financial reporting for all our clients. This includes a profit & loss and balance sheet. These reports offer you insight to the financial standing of our business . They can allow you to make sound decisions regarding business investments as well. We’ll automatically end these reports to you at the end of each month. Further reporting can be requested if needed.
We’ll record and classify all your business banking transactions to the correct bookkeeping account to ensure your expenses and deductions are accurate. We reconcile your bank accounts monthly to confirm, your reports are correct. We can link your bank account to directly import to Quickbooks! This allows us to classify expenses as soon as they’re reported. We’ll ensure all of your transactions are coded correctly for tax time – don’t miss out on any more deductions!
Payroll and Sales Tax Filing
Employees? No problem! We offer payroll services for you and your employees. We partner with Gusto to provide superior service. We’ll also track and file your payroll liabilities for you.
Subcontractors? You got it! We can track their payments as well, and issue 1099s at year end.
Let us help keep you in compliance with the various federal and state agencies. We timely file your payroll and sales tax reports every month and quarter.
Job Costing or
Nothing is more important than understanding job profitability. If you feel like you’re losing money on every job, or you’d like to understand which services are most profitable, job costing is right for you! We’ll set up your QBO account to allow us to classify each and every transaction to a specific job. When you’re ready to review your project list, we can send you financials proving your project profitable.
These financials are an important part of understanding your cost of doing business and allow you, as a business owner, to more accurately charge for your services.
Client Invoicing and
We offer accounts payable and accounts receivable. If invoicing your clients takes up all your time, let us handle it for you. We’ll set you up with Intuit Payments so your clients can pay their invoices right from their inbox! We’ll also ensure payment is received in a timely manor, and code any income as necessary.
Need someone to stay on op of your business bills? We can tackle that too! We offer bill pay services for our clients.