|PERIODIC TRANSACTIONAL BOOKKEEPING & ACCOUNTING*||$0||Per Period|
|Type of Accounting Service|| |
Transactional Periodic Accounting Service is generally considered reactive and after-the-fact because the bookkeeping and accounting work is being done after the accounting period (month/quarter/year) has ended. This means we’re reporting on the historical events that have already happened and limited or no proactive corrective actions may be available after the fact.
Up to 4 weeks of onboarding.
|Reactive – After-The-Fact|
|How Many Companies / Locations|| |
Per IRS Pub. 583: “You must keep a complete and separate set of books and records for each business.” Also, if you operate multiple locations, more detailed per-location financial reporting may be needed for state and local tax compliance.
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|Reporting Period Frequency|| |
This is how frequently we will close your books and prepare Management Financial Report.
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|Number of Transactions in a Reporting Period per Company/Location|| |
Q&A: A Transaction is a line item that would appear on your business bank statement with a date and an amount. (Example: a monthly payment for the office rent is a one transaction per month period.) The number of transactions in a reporting period determines the volume of periodic accounting work.
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|Number of Reconciled Banking Accounts, Up To:|| |
Each additional reconciliation checking/savings/credit card banking account over the included number of reconciled banking accounts will carry an additional charge of $33 per reconciliation.
|Information Forms 1099 Preparation/E-file Services|| |
Shows the number of the included Forms 1099 NEC/MISC with your service selection. Any additional Forms 1099 NEC/MISC may be prepared for the Client at $50 per each additional Form 1099 NEC/MISC preparation and e-file.
NOTE: Forms 1099 are not included for Annual Reporting Frequency, as the annual financials may not be available in time for 1099-MISC/NEC filing due date.
|Period-End Close|| |
Includes recording of the transactions in the reporting period, conducting reconciliations of the banking accounts, POS reconciliations, payroll reconciliation, accrual of expenses and other liabilities, amortization of prepaid expenses, recording of depreciation on fixed assets, bifurcation of debt payments, and other accounting procedures.
|Management Financial Statements|| |
Includes profit & loss statements, balance sheets, cashflow statements, profit & loss statements by period, and other custom management reports. Generally, prepared by the 15th day after the reporting monthly period end, longer cadence periods may require longer close.
|End of Year Management Reports Review|| |
Client Management is encouraged to schedule a Year-End review with our accounting team to review the annual financials, answer any questions, and approve the financials to be finalized for Income Tax reporting.
|Access to The Secure Online Client Portal|| |
Perpetual CPA Secure Online Client Portal, powered by Liscio.me, ensures convenient browser and mobile app client communication and sensitive file exchange, as a secure alternative to the non-secure emailing.
|Unlimited Online Support|| |
Online support year-round for quick Q&As via email, secure client portal, or Slack. We’re here to answer your questions in a timely manner!
|Scheduled Consultation Meetings per Reporting Period|| |
Available number of hours of scheduled CPA Consultation or Advisory Work per reporting period. Free business consulting hours do not accumulate and must be used up in the respective month of service. (1-hour meetings at $160/hr value)
|Up to 1x/Reporting Period|
|QuickBooks Online Subscription CPA Discount on New Accounts|| |
Does not include INTUIT QuickBooks Online software fees.
Perpetual CPA may be able to facilitate a discount on most QuickBooks Online subscriptions on NEW client accounts! Make sure to ask us about it.
|Per software publisher|