Virtual Accounting Pricing: The Bookkeeping Package
The Bookkeeping Package
For $950 a month, you will experience a worry-free accounting journey. You will gain confidence and truly understand your finances while unlocking the answers to vital questions about your business' profitability, tax readiness, and progress towards your goals.
We offer a range of outsourced accounting services specifically for the needs of business owners. This package includes the following services: *Click check marks to expand
Questions this package will help you answer:
We currently work with businesses that range in size from sole proprietors to 100+ employees and revenue between $75K and $9M. Agencies specifically range in size from 1 to roughly 30 employees and revenue between $175K and $3M.
We work with people all over the United States, and occasionally even international clients. Our clients range from Rhode Island to Florida to California and everywhere in between.
It can take 60-90 days to optimize your QuickBooks centric system and customize your reporting package. 60-90 days is the "steady state,” but you will start seeing value right out of the gate.
We will never send you an invoice apart from your monthly subscription, unless something is obviously out of scope. However, even in such circumstances, you'll know what to expect before you get the invoice.
You will have at least two dedicated staff members, who will be handling all of the bookkeeping, accounting and financial reporting for your account. More info about Better Way CPA's team can be found here.
Yes, part of the onboarding services will include organizing your QuickBooks Online file.
- Each client's financial statements go through two levels of “human review” each month, with a cumulative 64-point review checklist.
- Bots. Lots and lots of bots. We deploy about a dozen automated proprietary bots in order to proactively check for anomalies within your books on an ongoing basis.
We use Gusto, a payroll platform that helps businesses like yours onboard, pay, insure, and support your hardworking team. For more information, please visit gusto.com.
Our outsourced accounting packages include access to a secure client portal. The reporting and analytics dashboard offers real-time financial reporting with data that is integrated with your accounting processes. Our goal is for business owners to be empowered to make informed business decisions based on accurate, timely and reliable data. This specialized financial reporting package isn't just financial data, it incorporates non-financial data, too, as well as forecasts and the ability to do "what-if" analysis in real-time.
Simply put, we compare your business' financial results with those of your peers. In some instances, we can compare your business to those in the same industry, in the same state, and with relatively the same size. This analysis helps to quickly identify where and why you need to make adjustments in your business to become more profitable.
Grow smart with a virtual CFO.
Just because your business landed a big client doesn’t mean you’re ready for additional hires. We can help you make smarter decisions that grow your agency with profitability in mind — from boosting efficiency with the right digital tools to managing your cash flow.
Hiring a virtual accounting firm can be up to an 86% savings compared to filling an internal team. That's 13.5% of what it costs to hire a Chief Financial Officer, 16.79% of what it costs to hire a controller and 21.5% of what it costs to hire a bookkeeper — not including the costs of benefits and payroll taxes.
A cash reserve lets you make the decisions for your business that you want to make as opposed to the decisions you have to make. It also allows you to scale by bringing on additional resources without running into a cash flow crunch. A cash reserve also helps your marketing agency survive unexpected downturns.