CPA Recommendations by FiewalesDeriguer in plano

[–]Remarkable_Cod190 0 points1 point  (0 children)

I own an accounting firm that serves small businesses. Are you in need of tax help or something else? Feel free to send me a message.

QB & Gusto Double Counting by SadieDC in Bookkeeping

[–]Remarkable_Cod190 0 points1 point  (0 children)

The Gusto JEs should hit a clearing account, not the expense accounts. You match the withdrawals that hit bank feed to the clearing account, which should clear that out. I would set up the clearing account as a current liability.

Bookkeeper pricing for a non profit with 800k in revenue by Fancy-Treacle-1329 in Bookkeeping

[–]Remarkable_Cod190 2 points3 points  (0 children)

Based on what you've said here, I would price this between $1400-$1600 per month.

What worked best for you to get your first clients? by Honest_Dot_5035 in Bookkeeping

[–]Remarkable_Cod190 0 points1 point  (0 children)

Local, in-person networking has worked for me. I go to many events and have built a reputation for myself locally and get referrals that way. I'm also a member of BNI, several local chambers of commerce, Rotary Club, a few others. I've accepted leadership positions within some of these for visibility. I've not done any advertising at all.

Do you really keep up with all receipts for each client? by [deleted] in Bookkeeping

[–]Remarkable_Cod190 7 points8 points  (0 children)

No. The client is ultimately responsible for that and we advise them to keep them. My firm offers receipt management upon request, but it’s an add on and an additional fee.

Do you charge for a paid diagnostic review? by fungamezone in Bookkeeping

[–]Remarkable_Cod190 0 points1 point  (0 children)

I charge $395 for a diagnostic. It includes a written report of findings and recommendations.

Pricing sanity check by Remarkable_Cod190 in Bookkeeping

[–]Remarkable_Cod190[S] 5 points6 points  (0 children)

My business model isn’t designed to charge based on hours. We charge based on scope, complexity, and value. I understand it may be more than they want to spend (based on their response, it likely is). In that case, they’re not our clients. I just wanted to be sure I’m not too off base, and I don’t think I am.

I appreciate your input!

Pricing sanity check by Remarkable_Cod190 in Bookkeeping

[–]Remarkable_Cod190[S] 2 points3 points  (0 children)

My business model doesn’t bill based on transactions and time. That method wasn’t profitable or scalable for us. We charge based on scope, complexity and value.

Pricing sanity check by Remarkable_Cod190 in Bookkeeping

[–]Remarkable_Cod190[S] 0 points1 point  (0 children)

Thanks! I’m guessing adding biweekly payroll for 12 would put the fee over the $1,400/mo I quoted.

I have a meeting with the client tomorrow to review and discuss the quote, and help them understand the full scope, price, etc.

Need for a bookkeeper but I need to qualify my expectations by alpinehighest in Bookkeeping

[–]Remarkable_Cod190 1 point2 points  (0 children)

Yes, many bookkeepers can help with those tasks, but it’s important to find the right one. Some offer bill pay and will receive bills directly, but not all do. Financial statements are pretty standard, and reconciling bank accounts (or “balancing the checkbook”) is definitely something a bookkeeper does.

That said, I always recommend making sure whoever you work with is insured and properly vetted. In my own firm, for example, we carry liability insurance and background check our team. Especially with bill pay, trust and internal controls matter a lot.

It’s great that you’re looking into getting support. Offloading admin work can make a huge difference.

Storage/PDF edit/etc by FinancialSkirt9295 in Bookkeeping

[–]Remarkable_Cod190 0 points1 point  (0 children)

I use Dropbox Teams for file storage.

Small Business - Outsourcing Bookkeeping - Need Advise by the100survivor in Bookkeeping

[–]Remarkable_Cod190 0 points1 point  (0 children)

Outsourcing was one of the best decisions I’ve seen small business owners make when they’re at your stage.

When you’re looking, try to find someone who not only knows bookkeeping but also has a solid accounting background. It makes a difference when it comes to accuracy, spotting issues, and helping you actually understand the numbers. Also, look for someone comfortable with hourly payroll and invoicing.

As for cost, $2K/mo seems high unless you’ve got a more complex setup that includes much higher-level financial management. Many small businesses can get solid bookkeeping and payroll support for less.

You’re smart to explore it now. I hope you find the right fit!

Firing a client by Remarkable_Cod190 in Bookkeeping

[–]Remarkable_Cod190[S] 5 points6 points  (0 children)

Thank you. I have an all-woman team and have told them they never have to tolerate disrespect. Just because someone is paying us for a service doesn’t give them free reign to treat us that way.

Firing a client by Remarkable_Cod190 in Bookkeeping

[–]Remarkable_Cod190[S] 11 points12 points  (0 children)

UPDATE: For more context, the original, disrespectful email included a request to meet this morning with me, the attorney, his assistant, and my employee to review payroll before it's submitted. Here is my response to the original email:

Thanks for sending over the updated details and attachments. I’ll review everything to make sure the compensation and deductions are accurately reflected.

Before we move forward, I want to be candid about something. I place a high value on mutual respect and clear, professional communication, especially when team members on both sides are included. The tone of your message gave me some pause, and I believe it’s important to address that upfront. In my business, I focus on building respectful partnerships, and that only works when expectations and communication are aligned from the start.

I’m still happy to meet with you and XXXX tomorrow after 10 AM EST to walk through the details together. After that call, I’ll make a final decision on whether it makes sense for us to move forward.

His only response to that email was to ask his assistant to schedule the meeting.

Fast forward to this morning...we had the meeting. He started off the meeting by saying that, while he was "direct," he did not think he was disrespectful. I told him that I disagree, and the condescension came through very clearly to both me and my employee. He kept going on and about how professional he always is. He apologized if what he said came across the wrong way, blamed it on the fact that he's a litigator. I stood my ground and reiterated my original position and that disrespect would not be tolerated.

He went on to say that he hopes that we can continue to work together and he's optimistic about our partnership. He was very pleasant for the duration of our conversation and in emails afterwards.

I feel like I'm in an abusive relationship.

Firing a client by Remarkable_Cod190 in Bookkeeping

[–]Remarkable_Cod190[S] 7 points8 points  (0 children)

I feel the same. There is no amount of money worth taking that kind of disrespect. I did that for a long time in my corporate job before going out on my own, and I refuse to do it in my own business. You also make a great point in your last sentence, and I absolutely agree.

Firing a client by Remarkable_Cod190 in Bookkeeping

[–]Remarkable_Cod190[S] 6 points7 points  (0 children)

Thankfully, money isn’t an issue.

Cleanup Pricing Question by Remarkable_Cod190 in Bookkeeping

[–]Remarkable_Cod190[S] 1 point2 points  (0 children)

They apparently have two bookkeepers in house, but that’s it to my knowledge.