We present three distinctive harmony levels for our accounting services:
These harmony levels are based on the frequency of services and assume two bank accounts (e.g., a checking and a credit card account) with fewer than 250 transactions monthly. Although we don't tally each individual transaction, these starting points provide a foundation for our services.
At Rachelle Harp CPA, PLLC, we prioritize striking the perfect chord with value for our clients. Hence, we introduced the unique bi-monthly option for reconciliations and financial statements. This option, with six deliverables per year instead of twelve, harmonizes with certain business owners who still seek periodic reports for operational decisions and fiscal tracking at a lower cost. By reducing the frequency, business owners can focus more on the impact of each set of financial statements without being overwhelmed by excessive data.
Tailored for small business owners less reliant on frequent financial statements for business assessment, the quad-monthly option (every four months or three times a year) accommodates those focusing on tax deductions and early tax preparation. This choice resonates with those aiming to streamline their responsibilities and remain attuned to tax filing without frequent financial updates.
Similar to quad-monthly, the annual accounting service harmonizes with situations of minimal activity. For example, it could be suitable for a single-family residential long-term rental. Conversely, a larger commercial property with frequent transactions might necessitate bi-monthly accounting to maintain better oversight.
We exclusively support QuickBooks Online due to its real-time accessibility. However, we only allow read-only access to clients since we must retain full custody of financial data for Accounting Services engagements. Despite this limitation, here's what you can expect from our services:
We exclusively support QuickBooks Online due to its real-time accessibility. However, we only allow Should our standard compositions fail to match your specific needs or budget, we can tailor a symphony to suit your preferences. Over 80% of our small business clients pay less than $550 monthly, and minor variations in account size or transaction volume typically don't significantly affect our fees.
Our accounting service fees do not cover the QBO subscription fee. Intuit provides four packages, with the least expensive starting at $30 and the most expensive at $200 per month. Most small businesses are likely eligible for the most affordable package.
If you're engaging with us for accounting services and need a QBO subscription, we offer two enrollment options for QuickBooks Online. The first option involves us collecting your payment information and arranging billing and payment directly with Intuit. Alternatively, the second option entails Intuit billing our firm, and we include the subscription fee in your monthly bill, adding a 10% administration handling fee for this service.
engagements. Despite this limitation, here's what you can expect from our services:
We specialize in crafting comprehensive packages. Our Business Advisory Harmony plans commonly encompass corporate and individual tax preparation, shareholder payroll processing, routine consultations, and tax planning. Additionally, we offer the flexibility to incorporate accounting services and employee payroll into our plans upon request.
Our accounting services have limitations. We do not offer invoicing, accounts receivable monitoring and collection, payment of invoices, or accounts payable accruals. Typically, bookkeeping will be conducted on a cash-basis; however, if accrual-basis bookkeeping is needed, further discussion is required.
It's important to note that our accounting services cannot be relied on to disclose errors, irregularities, or illegal activities such as fraud or embezzlement. However, we will promptly inform the designated management level of any significant errors or noteworthy irregularities or illegal acts that come to our attention, unless they are deemed clearly inconsequential.
Additionally, our services do not include what's recognized in our industry as compilations, reviews, or audits. These terms carry specific meanings and as such, our Accounting Services engagement does not provide assurance services. We are not engaged to prepare compiled, reviewed, or audited Financial Statements, and no auditor's or accountant's reports will be prepared or submitted to you.
