02 Foundations Package
For businesses looking for stability and to build a strong financial framework. This package is best for solo practitioners or entrepreneurs who want clean, compliant books to make better decisions and stay audit-ready! It provides a comprehensive framework (aka foundation) for basic bookkeeping services, ensuring that fundamental aspects of financial record-keeping are covered.
CORE Scope of work:
- Record & categorize all business expenses, ensuring proper allocation to appropriate accounts and projects
- Record all sources of income, ensuring accurate tracking of sales and revenue
- Reconcile bank & credit card accounts on a monthly basis to ensure accuracy
- Preparation of basic Financial Statements, ie balance sheet & income statement
- Record adjusting entries as needed for accruals, deferrals and corrections
- Regular review and maintenance of the chart of accounts for accuracy and relevance
- Properly record the sale or purchase of any large purchases/fixed assets
- Properly record depreciation
- Record and maintain any payments to notes, payables, and other liabilities
- Assist with the year-end closing process, ensuring all transactions for the year are recorded and reconciled
- Organize and provide necessary financial data and reports to your tax preparer.
- Modified Accrual Basis
- Support/responses within 3 business days
Deliverable:
Financial Statements published to your client portal on a set day, every month.
A video recording of us reviewing your financials and any key metrics, every month.
Starting at $500/mo
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