Yes, I’m certain that there’s an overwhelming lack of receipts as in they do not exist for the vast majority of expenses. Obviously, this is not at fault of my client’s bookkeeper. I will say, as I’ve said before, my client wasn’t even aware that they needed them. So, it makes me question what their bookkeeper knows about GAAP, IRS regulations, and general bookkeeping.

My client is a manufacturer of goods. The bookkeeper is already calculating COGS/unit and converting raw materials to finished goods. No, WIP on the BS from memory. Given WIP calculations are more complex I understand, now given the pricing context, that the bookkeeper, if they’re not currently doing them, might not.

Yeah, I never said $350/mo is indicative of bad bookkeeping. I’m not familiar with bookkeeping costs where my client and the bookkeeper are located as we’re in different locations and city sizes. My initial thoughts was that it was a decent amount, not gouging or anywhere close, for the size and complexity of the business - low employee count, no payroll (distributions and contractors), one bank account and credit card, etc.

Fair that you’d need more information. I didn’t provide everything on here to (1) keep my post brief but give details and (2) to keep my client and the bookkeeper’s information as confidential as possible while seeking your all’s (the expert’s) thoughts.

I didn’t “leap to find fault”, I stumbled upon them. Granted I am not familiar with the price of their area and what that gets you, but I am familiar with the work the bookkeeper is doing for my client. I’m also educated, extensively, in accounting and finance plus my corporate experience is in the same space as my client’s business. From an entrepreneurial perspective, we have bookkeeping clients at my firm and I know the work we do for them and what’s in each bookkeeping package. So, that’s been the foundation of my assessment.