Monthly accounting services provide substantially more value than only an annual service. If an accountant only sees your numbers once a year, it is too late to offer advice that would have helped to make that year more profitable. And definitely too late to lower your tax liability for a year that is already over with. This question explains five ways monthly accounting pays for itself: 1) It saves you time, 2) You get regular business profitability advice, 3)You have peace of mind that your finances are handled, 4) Your tax liability is reduced, 5) You can make more proactive financial decisions
Transitions are tricky, but preparing your business to switch to an outsourced accountant doesn’t have to be hard. Make your new financial partner is a good fit, plan ahead and be sure to budget enough time, set goals, and be mindful of potential obstacles.
Pricing for our monthly accounting services varies by your company’s needs. Our pricing is not based on the size of your company, rather our pricing model is based on your company’s accounting activity and the complexity of your financial statements. We will work with you to arrive at an affordable, fixed monthly fee. Our fixed-monthly fees are all-inclusive; services provided include profit and loss statements, balance sheets, bank reconciliation, business tax work, sales tax filings, audit representation, and unlimited consultations.
Our customer service sets our firm apart. We make it our priority to reach out to clients on a consistent basis because we care about the success of your business. Our experienced team of accountants also provide proactive business advice and tax planning, allowing you to maximize your profits.
To efficiently help you with your business goals, we require access to your source documents -- either in electronic or hard copy form. Common documents include, but are not limited to, bank statements, credit card statements, sales systems (POS), software (i.e. Quickbooks), inventory, accounts payable, and accounts receivable. Depending on your level of expertise, we will train clients on how to prepare these documents. What we require from you will be customized to your unique business.
Our monthly accounting process starts with receiving your source documents. Our staff compiles the information and reports back to you with a profit and loss statement, balance sheet, and general ledger. These monthly financial reports are presented in digital or hard copy form and become the foundation for our monthly conversations.
Truthfully, not all business owners see the need, but our clients sure do! We provide consulting and business advice throughout the year. Our proactive approach allows you to see trends earlier, and spot any issues before they become larger problems. Monthly financial statements are a tool to stay on top of your business, which allows you to focus on growing your profits.
If your business is too small to hire an in-house accountant or you simply don’t have the desire to do it yourself, you should consider outsourcing the task. While QuickBooks is used by many small-business owners, the software can be more complicated than first realized. By outsourcing your accounting, you free yourself to focus on other aspects of your business.
We recommend handling the day-to-day bookkeeping aspects of your business that need immediate attention. These reports will become the basis for the source documents we will ask of you.
Pricing for our payroll services includes a base fee which is based on the frequency of your payroll, a fee for each employee, and the number of W-2s that need to be filed. Other contributing factors include garnishments, new hires, and if you're doing business in other states.
After you provide us with the basic information, we do the rest. Everything is scheduled electronically for direct deposit accounts or we provide you with checks. We automatically calculate and schedule payroll taxes electronically from your business account. We will also submit your quarterly tax reports and annual returns including the W-2s.
CSI Payroll clients need only to send taxing authority correspondence to their dedicated processor. We handle it from there. Once we have looked into the matter, we will notify you as to why it was sent and what action, if any, is needed.
CSI Payroll clients need only to send garnishment orders to their dedicated processor. We handle it from there. The order will be followed as required by the law.
There is a number of instances that could trigger an audit concerning misclassifying an employee as an independent contractor. They include but are not limited to the following: a worker reports the employer to a taxing authority, the worker gets hurt on the job and wants the company's workers compensation to handle the claim, or the worker files for unemployment and lists the employer as a previous place of employment.