Pricing & Services
How much should you spend on bookkeeping?
Every business has varying bookkeeping needs. Some businesses are transaction heavy and others need high visibility and weekly reporting (think hospitality).
A good rule of thumb is to spend 3 to 5% of your Revenue on Bookkeeping.
This should also help you decide when to engage a bookkeeper monthly. My minimum monthly fee is $400, which means you need at least $160,000 in yearly Revenue.
But before you hit that target, you can still get your financial systems set up right and be trained on how to stay compliant. See our Set Up & Catch Up services below.
Set Up Service
We set up your QuickBooks Online file with a custom Chart of Accounts. We also set up and sync a document management system allowing you to easily get financial documents to your bookkeeper and store securely with 24/7 searchable access. In addition, we sync and optimize your Sales / CRM / Practice management software with QBO. If you don't have one, we may recommend the right one for your business.
Catch Up Service
Maybe you are behind 4 months or 3 years with a shoebox and no time or know-how to sort it out. Let us take the burden off you. This service is often combined with our Set Up Service. We will quickly get your books up-to-date and will Liaise with the Canada Revenue Agency on your behalf.
Payroll Service
When you have employees, keeping track of vacation, sick days, remitting to the Canada Revenue Agency and actually paying your employees each pay period is a lot of work. We can streamline this process and field questions from employees and the Canada Revenue Agency.
Monthly Bookkeeping - Compliance
This option is best for those business owners who are simply looking to get the basic entries done to ensure being compliant with the Canada Revenue Agency. We enter your financial transactions, produce your Profit & Loss, Balance Sheet, and Accounts Payable and Receivable Reports. We also file your HST and at Year End prepare your books for your Accountant to prepare your Income Taxes.
Monthly Bookkeeping - Advisory
This is our most popular option because you get valuable monthly projects focused on helping you meet your goals. You also receive more reporting like Cash Flows and a Quarterly Virtual Meeting with your Bookkeeper.
Monthly Bookkeeping - Strategic
This is the best option for busy business owners who want the maximum out of their cloud accounting system and get access to the key metrics so they can make the best business decisions based on the best quality information. With custom reporting comes Monthly Virtual Meetings with your Bookkeeper.
Set Monthly Price
You have enough uncertainty in business, this is why we hate hourly billing. We work out a Set Monthly Price which includes your Year End preparation and your QuickBooks Online subscription and document management software. We only reprice when changes in your business warrant it. See, we keep things simple.