Not every monthly accounting service provides the same level of support.
Some services focus primarily on categorizing transactions and reconciling accounts. That may be enough for a small or simple business.
An established business may need more.
Full-service monthly accounting may include:
- Monthly bookkeeping
- Bank and credit card reconciliations
- Financial statements
- Review of unusual transactions
- Tax planning and projections
- Estimated tax guidance
- Business tax preparation
- Individual tax preparation for the owner
- Support with financial questions
- Coordination between bookkeeping and taxes
The goal is not simply to produce reports.
The goal is to provide reliable information that helps the business owner understand what is happening and identify what may require attention.
For example:
- Is the business becoming more profitable?
- Are expenses increasing too quickly?
- Is enough being set aside for taxes?
- Can the business afford to hire?
- Is the owner paying themselves appropriately?
- Are there issues that should be addressed before year-end?
TNT Accounting Services provides full-service monthly accounting support for established service-based businesses.
Monthly engagements begin around $1,200, depending on the complexity of the business and services required.
Schedule a consultation to determine whether full-service monthly accounting is the right fit for your business.
