What type of accounting do you do?
We only offer accrual based accounting and we follow accounting standards under US GAAP, with the exception of IFRS conversion work.
What industries do you serve?
We cater to a variety of businesses and industries. If your business/industry is not within our knowledge or expertise, we will be straight with you and refer you to another colleague in the industry, if available.
What type of work can you do?
We can perform most general bookkeeping, accounting, and fractional CFO work. If there is anything specific you want to ask about, contact us and we will be happy to chat.
What accounting systems do you use?
For bookkeeping services, we will work with you in Quickbooks or Xero (or MS Excel, under certain circumstances). For larger clients or other accounting projects, we will work with whatever system you already have in place.
For equity accounting, we can work with Carta or Shareworks. We can also maintain equity accounting in MS Excel, though this method is uncommon.
For SEC reporting, we will use ActiveDisclosure and Workiva.
Why do you charge a setup or cleanup fee before starting monthly plan services?
Our goal is to provide you with accounting that is clean and accurate. To do that, we need to have a strong foundation (i.e. a good starting point), which we can build during setup/cleanup. While it is likely impossible for us to clean everything up perfectly, we aim to get things to a point where your books are materially correct to prevent past errors from snowballing into bigger problems in the future.
If we determine that no cleanup is required (your financials were previously audited or we reviewed the previous accountant’s work and wonder why you are not still with them) or if you do not wish us to perform cleanup work, we can waive all, or a portion, of the fees depending on the situation.
Setup fees for small businesses may be waived if an annual contract is signed.
Can you do my taxes?
We are really good at accounting, but not so much in taxes. We can prepare schedules, support you throughout the process, and work with your tax specialist, but we cannot file your taxes for you.
Will you take payment in equity?
Potentially – please contact us.