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startup accounting

Company culture is very important to productivity, so you want to make sure you have someone that can contribute to the cohesion of your team. First and foremost, you will want an accountant that is forward-looking and aims for growth, growth, growth! They should be able to tell you about businesses they have worked with through numerous stages of fundraising. The other half is actually finding one that you can rely on to serve your accounting needs at the rapid pace of a startup.



You may choose different approaches to finance at various points—from DIY to hiring experts. But the key is that you stay close enough to understand how to add value at key points without getting too bogged down in the minutiae. Strategize with our financial experts to help you achieve your business goals.


Explore All Money Topics for Startup Business


GAAP is a set of accounting rules established by two private professional organizations overseen by the Financial Accounting Foundation. These principles of accounting not only ensure completeness in your accountant’s work, but are also expected by funders who review your books. But at the end of the day, your accountant’s job is to organize your finances and keep you tax compliant. While you may find accounting or ERP software that manages this for you, you’ll still want the eye of an accountant to confirm that you are always in compliance. Your accountant will know where to find information about the relevant jurisdictions you operate in and keep your system always accurate. If you can find an accountant certified in multiple jurisdictions, even better.


Are startup costs capitalized or expensed?

It can be a bit subjective in determining what is a start-up cost, but start-up costs should always be expensed as incurred. Typically, start-up costs include any expense that is incurred prior to the business generating revenue.


Many founders decide to hand-off the startup accounting responsibility to the CPA accounting experts. If you are looking for a startup accountant, look for a provider who knows your particular business model, as different types of early-stage companies have accounting particularities. We recommend QuickBooks Online (“QBO”) as the right bookkeeping software for startups and high-growth small businesses. It’s the leading small business accounting software in the US for small businesses, and interfaces nicely with other automated systems like payroll. Deferred Revenue is when a client pays you ahead of you delivering a service.


How to Select the Right Startup Accountant


The bookkeeping process involves keeping track of business transactions and making specific entries. Accounting systems and bookkeeping software like FreshBooks have a chart that lists all your accounts payable and their 20 Best Accounting Software for Nonprofits in 2023 categories. For example, you can post all sales to income accounts and cash outflows to expense accounts. For employees, you'll have to set up a payroll schedule and ensure you're withholding the correct taxes.


  • An experienced accountant can help you make important financial decisions, comply with tax and oversight regulations, and save money by taking advantage of all available tax deductions and credits.
  • Cash basis accounting works well for small startups with cash transactions and no inventory.
  • Wave is a web-based accounting solution built for small businesses.
  • While private companies are exempt from annual audits, several scenarios might require a startup to undergo an audit, such as securing a bank loan, line of credit, or other fundraising activities.
  • Accounting processes include reporting, summarizing, analyzing, and projecting business transactions using financial statements.
  • GAAP is better for running your business, as it helps you match your expenses and revenues with the timing of those activities.

For example, salaries and bill payments are expenses, and you should record them as debit transactions. But the payments you receive from your customers are credit transactions. Read about some of our expertise on our tech startup industry page. Technical debt is incurred https://simple-accounting.org/a-guide-to-nonprofit-accounting-for-non/ when you’re working very fast to develop a prototype or working model, and you’re not building everything perfectly. Accounting debt is a similar concept – startups can often ignore creating their accounting infrastructure to focus on their technology or customers.


real estate accounting

The seller may offer finance to the buyer, or the buyer may accept the property's mortgage. Facilities that benefit or enhance a real estate project are commonly utilised as a marketing tactic by developers, especially in a slow real estate market. Golf courses, swimming pools, lakes, parks, and marinas are desirable amenities. If you choose this technique, look for an investment property in a stable, high-growth location near capital cities, which tend to do better over time.



To find a QuickBooks Online Accountant and learn their pricing, visit the Find a ProAdvisor website and input your zip code. On the next page, use the drop-down to select “Real Estate/Developer” for the industry you serve. Also filter results by services provided (accounting, payroll or bookkeeping, for example). FreshBooks offers many accounting features that are particularly useful for Airbnb hosts.


Minimizing business debt


Net cash flow reports are also necessary and will show the cash moving in and out of the account during certain periods. If you own or operate a rental property, you need to make sure you have skills in real estate accounting as an essential part of the business. Accounting can seem daunting and is often most people’s least favorite task, but you still need to know the right skills to make sure your business is successful. One of the most important steps in real estate accounting is backing up your files and data. Because of this, it's imperative that all relevant documents are regularly backed up for future use. There are plenty of options to handle this for you, including real estate accountants or technology platforms with cloud storage.


  • Golf courses, swimming pools, lakes, parks, and marinas are desirable amenities.
  • Although the scale of operations differs from person to person and portfolio to portfolio, the underlying accounting practices remain the same.
  • Every business aims towards minimum debts as debts can prove to be an ultimate threat to an organization.
  • Get yourself straightened out in the beginning, and you’ll do great in your real estate business.
  • It should also provide reliable cash flow projections that help you avoid shortfalls.
  • What have been the recent price differentials in that area, and compare all that data to national and historical trends.
  • It will even offer you one month of services for free, complete with financial statements you can keep.

If you fail to account for every cost, you or your clients could lose money. Real estate businesses often hire people based on commission, or a percentage of the rental income they manage. So estimates of value are part of selling or managing real estate for clients. They are usually based on recent sales of similar real estate in the same area.


Best for Unlimited Invoices and Payment Processing


The audit trail refers to the bookkeeping system and how you may track the transactions in accounting. If you decide to sell one or more of your investment properties, you must understand the ramifications of CGT. Capital gains are only taxed if they exceed capital losses for the year. It would help if you distinguished between Small Business Bookkeeping Basics costs defined as capital and costs defined as an expense. If a lease or group of leases is likely to be terminated, all unamortised capitalised rental costs connected with those leases are charged to expense. Deferred rental costs that are not immediately tied to income are amortised over the estimated benefit period.


  • If you’re wearing many hats, it’s easy to fall behind on your bookkeeping—especially given how many small costs and fees that are part of a single real estate transaction.
  • Doing so can relieve an extra step or manual work for you and your accountant.
  • When you’re filing taxes, you can note depreciation of a property to protect your income.
  • It starts when the project is largely finished and ready for habitation.
  • However, good real estate accounting software can help in the accurate evaluation of assets.
  • If unfinished real estate is purchased, interest expense incurred during development and construction is capitalised.

Borrowing costs are important to consider when investing in real estate. There are a few different ways to account for borrowing costs, but the most important thing is to make sure that you include them in your calculations. Deductions for interest on mortgages and loans for rental properties are limited to the interest on the rental property. Similarly, if you take a loan to buy a property that is utilized for both rental and personal purposes, only the rental interest is deductible.


Want More Helpful Articles About Running a Business?


Additionally, real estate professionals often pay membership fees to associations and other national organizations, which may count as deductions. Our experienced team of highly skilled real estate financial https://kelleysbookkeeping.com/llc-accounting-everything-you-need-to-know/ professionals is dedicated to the philosophy of ACCOUNTABILITY. We value our client relationships and look to strengthen our partnerships by understanding each client’s business needs and requirements.


real estate accounting

Whichever you use, you need to maintain accurate financial records and know how to use those numbers. Managing your real estate accounting and reporting requirements can be onerous, especially when it comes to taking care of the more diversified areas of your portfolio. QuickBooks Online Accountant is a program that trains accountants on proper accounting practices as well as business health and growth.


Invest In Real Estate Accounting


The costs of preparing a rental property for the first time are not deductible. Landlords who must manage multiple subleases should consider Sage Accounting with a Sage Intacct Real Estate integration to meet their real estate accounting software needs. Performance reports are important for any job, but especially for real estate because you want to make sure that the investors can see their properties and their portfolio performance. Certain accounting software will be able to arrange all of this for you, making your job much easier.



Normally, an accounting period consists of a quarter, six months or a year depending on the needs of business entity and its stakeholders. You must include in the header of a financial statement the time period covered by the statement. For example, an income statement or statement of cash flows may cover the "Eight Months ended August 31." However, the balance sheet is dated as of a specific date, rather than for a range of dates. Companies may use different periods for their financial reporting, but it is usually based on what information they want to present about the company. Some companies use different time periods to smooth out their earnings or for other accounting reasons.


  • Companies may use different periods for their financial reporting, but it is usually based on what information they want to present about the company.
  • Because of the time period assumption, we need to be sure to recognize revenues and expenses in the proper period.
  • The matching principle states that each revenue recorded should be matched with the related expenses at the same time.
  • The period assumption states that a company can present useful information in shorter time periods, such as years, quarters, or months.

Operating the business occasionally requires the executives to recognize what precisely occurs in the company as well as outside of it, which includes the general market. Sitting tight for yearly financial statements is not the correct decision. At Sekon Company prepayments are debited to expense when paid, and unearned revenues are credited to revenue when cash is received. All related parties need to know company performance and financial position to make proper decisions. As we can see from this expanded accounting equation, Assets accounts increase on the debit side and decrease on the credit side.


The time period principle


The first reason is that many businesses have very different levels of activity during certain parts of the year, and it would not be accurate to report all revenues and expenses for each month in full detail. An accounting period is an established range of time during which accounting functions are performed, aggregated, and analyzed. An accounting period may consist of weeks, months, quarters, calendar years, or fiscal years. The accounting period is useful in investing because potential shareholders analyze a company’s performance through its financial statements, which are based on a fixed accounting period. Businesses and other economic entities compile and record transactions using one of the several accounting bases that best meet their needs and preferences.



The time period assumption, or periodicity assumption, is a key part of financial accounting and reporting. This assumption states that businesses should report their financial position, results of operations, and cash flows at regular intervals. When a company produces financial reporting at regular intervals, it can compare actual results to budgeted results and take action to correct problems on a timely basis. Each company is free to select a year-end date that best suits its business.


Periodicity Assumption or Time Period Assumption


On Nobember 1, 2019, the account balances of Hamm Equipment Repair were as follows During November, the following summary transactions were completed. We assume the cost and work in progress are equally allocated within 5 years. It https://kelleysbookkeeping.com/ is a very straightforward example, which we try to illustrate the concept of the matching principle. The real construction contract is very complicated and it requires further explanation which you can find in the following link.



She believes this is a bargain and perceives the value to be more at $60,000 in the current market. Even though Lynn feels the equipment is worth $60,000, she may only record the cost she paid for the equipment of $40,000. When we create financial statements or when we read into financial statements, we must assume that our company will go on forever. Another example is if a business reports its quarterly expenses as one total amount instead of breaking it down into each quarter. A company reports its revenue for the year in one month instead of twelve.


Meet Top Certified Financial Advisors Near You


A partial adjusted trial balance of Frangesch Company at January 31, 2019, shown as following. Frangesch CompanyAdjusted Trial BalanceJanuary 31, 2019 Instructions Answer the following questions, assuming the year begins... As an investor, I don't care what the owner does with their money their own personal money. Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. When you access this website or use any of our mobile applications we may automatically collect information such as standard details and identifiers for statistics or marketing purposes. You can consent to processing for these purposes configuring your preferences below.


  • When you access this website or use any of our mobile applications we may automatically collect information such as standard details and identifiers for statistics or marketing purposes.
  • Therefore, the importance of the time period principle is to inform any readers about the time period for which the financial statements have been prepared.
  • The accountant needs to estimate and make an assumption on the amount which needs to record into the income statement.
  • The income statement presents the business performance for a given time period.
  • For example, companies might use one time period assumption for their income statement and another time period assumption for the other financial statements.

Company ABC has engaged in a new contract amount of $ 5 million and it needs to spend 5 years to complete the work. Base on the budget, they expect to make a profit of 20% from this contract. Company publishes the financial statement every year after they are audited by an independent auditor. Bank need to review the financial statement before deciding to provide more loans or overdrafts. Let’s say there were a credit of $4,000 and a debit of $6,000 in the Accounts Payable account. Since Accounts Payable increases on the credit side, one would expect a normal balance on the credit side.



Since the company has provided the service, it would recognize the revenue as earned, even though cash has yet to be collected. Once an accounting standard has been written for US GAAP, the FASB often offers clarification on how the standard should be applied. When the FASB creates accounting standards and any subsequent clarifications or guidance, it only has to consider Time Period Assumption the effects of those standards, clarifications, or guidance on US-based companies. This means that FASB has only one major legal system and government to consider. This means that interpretation and guidance on US GAAP standards can often contain specific details and guidelines in order to help align the accounting process with legal matters and tax laws.


  • Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years.
  • Regular financial reporting can help a firm monitor actual results against budgeted ones, and it may take action to correct issues on a timely basis.
  • The time period assumption encourages the use of the most recent and reliable information by those preparing the statements so that timely decisions can be made for the benefit of the company.
  • The period for which a financial statement is prepared appears in its heading.
  • Janet's business would have earned this revenue in the past twelve months (April 1st to March 31st) and not some previous time period.

However, the difference between the two figures in this case would be a debit balance of $2,000, which is an abnormal balance. This situation could possibly occur with an overpayment to a supplier or an error in recording. My Accounting Course  is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. Designed for freelancers and small business owners, Debitoor invoicing software makes it quick and easy to issue professional invoices and manage your business finances. You should do what you think works best for your company while being transparent with your readers about any assumptions made to provide the most accurate picture possible.


Prior to joining EPI, Hungerford worked at the General Accounting Office, the Office of Management and Budget, the Social Security Administration, and the Congressional Research Service. He has published research articles in journals such as the Review of Economics and Statistics, Journal of International Economics, Journal of Human Resources, Journal of Urban Economics, Review of Income and Wealth, Journal of Policy Analysis and Management, Challenge, and Tax Notes. He has taught economics at Wayne State University, American University, and Johns Hopkins University. He has a Ph.D. in economics from the University of Michigan. 30, at 21 (“A President with the power to veto items in appropriation bills might exercise a good restraining influence in cutting down the total annual expenses of the government. But this is not the right way”).


What is the Taxpayer Relief Act of 1997?

Taxpayer Relief Act of 1997 - Title I: Child Tax Credit - Amends the Internal Revenue Code (IRC) to allow a tax credit of up to $500 dollars for each qualifying child of a taxpayer, beginning in taxable years starting after December 31, 1997.


111–148, set out as a note under section 1 of this title. 16Poterba (1984, 1991) discusses the link between house prices and the real after-tax cost of homeownership. 13I control for city fixed effects rather than ZIP code fixed effects in the main regression https://turbo-tax.org/taxpayer-relief-act-of-1997-definition/ model because cities and towns are the effective jurisdictions. For example, property taxes are collected at the city/town level. In a robustness check not shown here, I control for ZIP code fixed effects instead and the results are almost identical.


PL 105-78  Depts. of Labor, HHS and Education, and Related Agencies Appropriations Act, 1998 (enacted 11/13/


Under current law, self-employed individuals can deduct 40% of the cost of their health insurance premiums. Under TRA97, the deductible percentage will gradually increase over the next ten years (in 5 or 10% increments), so that, by 2007, the entire premiums will be deductible. See 143 U.S., at 686—687 (discussing Act of Jan. 7, 1824, ch. 4, §4, 4 Stat. 3, and Act of May 24, 1828, ch. 111, 4 Stat. 308).37 A slightly different statute, Act of May 31, 1830, ch. 425, provided that certain statutory provisions imposing duties on foreign ships “shall be repealed” upon the same no-discrimination determination by the President. See 143 U.S., at 687; see also id., at 686 (discussing similar tariff statute, Act of Mar. 3, 1815, ch. 77, 3 Stat. 224, which provided that duties “are hereby repealed,” “[s]uch repeal to take effect … whenever the President” makes the required determination).


  • This bill was ultimately vetoed by President Bush.
  • Third, it allowed home sellers to exclude housing capital gains of $500,000 (or $250,000 for single filers) if they have owned and lived in their homes for at least two years of the previous five years.
  • A corporate underpayment is considered "large" if it exceeds $100,000.
  • A higher after-tax wage (due to, say, a tax reduction) increases the price of leisure.
  • Its magnitude implies that a $10,000 increase in capital gains taxes reduces the semiannual home sales rate by 0.1 percentage points, or 6% from the average sales rate in the post-TRA97 sample.
  • 117–2, set out as a note under section 21 of this title.

Election for 1987 Partnerships to Continue Exception from Treatment of Publicly Traded Partnerships as Corporations
The Omnibus Budget Reconciliation Act of 1987 added a provision to the Internal Revenue Code (the "Code") under which "publicly traded partnerships" are required to be treated as corporations. Two broad exceptions to this rule exist. First, partnerships that derive at least 90% of their gross income from "passive-type" sources, including https://turbo-tax.org/ interest, dividends, and real property rents, are not treated as corporations under this provision. Second, partnerships that were already publicly traded on December 17, 1987, were "grandfathered" for a period of ten years, regardless of the nature of their gross income, as long as they did not add a substantial new line of business. This "grandfather" protection has been scheduled to expire for taxable years beginning after December 31, 1997.


The Tax Policy Center's


What is the tax benefit of the tuition and fees deduction? The tuition and fees deduction can reduce the amount of your income subject to tax by up to $4,000. There are also limits to your adjusted gross income which may influence the amount of a deduction you may take. The amount of your deduction will be gradually reduced if your modified adjusted gross income is between $55,000 and $70,000 ($110,000 and $140,000 if you file a joint return).


  • Exemptions for the taxpayer have been in the tax code since the beginning of the individual income tax.
  • After 1997, the semi-annual sales rate of these houses increased by 0.40–0.62 percentage points, or 19–24% from the pre-TRA97 baseline levels.
  • The vertical bars connect the maximum and minimum appreciation rates, and the circles indicate the appreciation rates averaged across the 26 ZIP codes at each point of time.
  • First, the roll-over rule prior to TRA97 allowed home sellers to postpone capital gains.
  • Under TRA97, the deductible percentage will gradually increase over the next ten years (in 5 or 10% increments), so that, by 2007, the entire premiums will be deductible.

These tax credits can be thought of as government transfers, part of which is used to pay income tax liability (the nonrefundable part) and the rest available for consumption or saving (the refundable part). Adding the amount of the EITC and CTC to family income reduced the number of people in poverty by almost six million in 2011 (according to the authors’ analysis of March 2012 Current Population Survey data). Over half of the individuals moved above the poverty threshold were children. Taxes and tax provisions can change taxpayer behavior by introducing incentives or disincentives. The EITC and CTC affect the monetary rewards to working and having children.


PL 105-264 Travel and Transportation Reform Act of 1998 (enacted 10/19/


A RIC organized as a corporate trust is exempt from the Massachusetts personal income tax at the entity level, provided it qualifies under § 851 of the Code as defined in chapter 62. A literal reading of the statute may require that RICs organized as corporate trusts must continue to comply with RIC requirements in effect as of January 1, 1988, in order to continue to qualify for an exemption from Massachusetts taxation under § 8(b)(i). Thus, under this literal interpretation, corporate trusts could not take advantage of the new federal rules if they wish to retain their status as RICs for Massachusetts purposes. (2)
A similar Code update issue arises with respect to RIC shareholders.


  • This tax provision, unofficially called the “roll-over rule,” had been in the Internal Revenue Code since 1951.
  • See, for example, Deaton and Muellbauer (1980).
  • A publicly traded partnership that makes this election will nevertheless be treated as a corporation commencing on any day on which it adds a substantial new line of business.
  • In late January or early February, you will receive Form 1098T from the State University of New York.
  • This restriction would apply regardless of whether a RIC is subject to the jurisdiction of Massachusetts.

The estimation results suggest that a $10,000 increase in tax liability reduces the semiannual sales rate by 0.1–0.2 percentage points, or 6–13% from the average sales rate in the post-TRA97 sample. Both the EITC and CTC reduce the tax liability of eligible taxpayers and, consequently, reduce tax revenue. The Joint Committee on Taxation (2013) estimates that the earned income tax credit reduced federal tax revenue by $59.0 billion in fiscal 2012 and will reduce tax revenue by $325.9 billion between fiscal 2013 and 2017 (see Table 2). The forgone tax revenue from the child tax credit is estimated to have been $56.8 billion in fiscal 2012. In comparison, fiscal 2012 outlays for the main federal family assistance program—Temporary Assistance for Needy Families—was $16.1 billion, while outlays for food stamps (now called the Supplemental Nutrition Assistance Program) were $80.0 billion. In contrast, forgone tax revenue from two tax provisions primarily benefiting higher-income taxpayers—the exclusion of pension contributions and earnings, and the reduced tax rates on capital gains and dividends—amounted to over $200 billion in fiscal 2012.


Your Responsibility as a Taxpayer


The issuer of a debt instrument is generally allowed a deduction for interest paid or accrued on that debt instrument and the holder of a debt instrument is required to include the interest in income. If a debt instrument is issued with "original issue discount," or "OID" (which may in some cases include all or a portion of the stated interest on the instrument), the issuer and holder will generally account for the OID on the accrual method, regardless of their respective overall methods of accounting. The issuer of an equity interest, by contrast, cannot generally deduct dividends paid with respect to that interest, but a corporate holder of stock in another corporation may be entitled to a "deduction for dividends received" that lowers the effective rate of tax on dividend income. In order to prevent the manipulation of these rules, the tax law has long contained nonstatutory doctrines under which the Internal Revenue Service may attempt to recharacterize purported debt instruments in some cases, such as "thin capitalization," as equity.


Taxpayer Relief Act Of 1997 Definition

Rollover of Gain from Sale of Qualified Stock
Prior to the 1997 Act, the maximum Federal income tax rate applicable to capital gains of noncorporate taxpayers was generally 28%. However, the Revenue Reconciliation Act of 1993 (the "1993 Act") created a preferential maximum tax rate of only 14% for noncorporate taxpayers in the case of certain sales of stock in small, start-up enterprises; the 1993 Act achieved this by allowing the taxpayer to exclude 50% of the gain from income. In order to qualify for this special rate, the stock has to have been acquired by the taxpayer after December 31, 1992, and at its original issuance and has to be held for more than five years.



111–148 applicable to taxable years beginning after Dec. 31, 2009, see section 10909(d) of Pub. Amendment by section 1401(d)(3) of Pub. 111–148, as added by section 10105(d) of Pub.


Taxpayer Relief Act Of 1997 Definition

outsourced bookkeeping

Download this free guide to learn time-saving shortcuts and best practices to ensure you’re using QuickBooks to grow your bottom line. This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post.


outsourced bookkeeping

It takes resources to manage it, from creating a recruitment strategy to selecting right resouces, recruit and retain them. The recruitment process takes your business time, it costs, and you will need to devote the time either for yourself or the employee. This article offers curated and up-to-date facts about the Philippine outsourcing industry to optimize your strategy. Use this as a reference when planning to outsource operations to the country. You can reduce your bookkeeping costs to $1,000 to $5,000 per month, which is equivalent to $12,000 to $60,000 per year when you outsource bookkeeping for your small business. According to a report published in 2015, 40% of small companies rank tax preparation and bookkeeping as the worst part of running a business.


The 8 Best Virtual and Outsourced Accounting Services for Small Businesses in 2023


So even without a bookkeeper, you’ll be able to see your finances in real time, have complete control of your entire accounting process, and stay on the good side of the IRS. Unlike most other outsourced bookkeepers on our list, Merritt Bookkeeping doesn't offer any in-house add-ons for payroll and tax services. If you were hoping for a one-stop shop that can tackle all of your financial needs, Merritt might not be the right choice for you. For those who need detailed reporting with their accounting solutions, this app delivers it all. The service can handle complex accounting tasks with ease and manage everything to assist your small business in creating better profits. You’ll find credit card and account management tools, financial analysis and reporting tools, and more.



Custom pricing is available for those who want accrual accounting and fractional CFO services combined, while Essential plans start at just $300 per month. You can enjoy assistance with bank syncing and creating account reports, as well as budgets and more. You will have to have a separate QuickBooks Online subscription to use this service, but it offers a lot of basic assistance to those who need a simple bookkeeping solution. https://www.bookstime.com/articles/outsourced-bookkeeping Every user starts the first month for $500, which is dedicated to cleaning up the accounting and getting the platform set up. Rated as the largest professional bookkeeping service in America, Bench has a lot of great features to love. It makes the top of the list because it offers catch-up services to get your books up-to-date and get things organized before diving into an ongoing strategy for bookkeeping maintenance.


Outsourced Bookkeeping with G-Squared Partners


You can also book monthly check-ins and tax reviews without paying an extra fee. Their dedicated team may also assist you with some of your other accounting needs and financial reporting requirements in addition to bookkeeping services. While there are a ton of outsourcing options out there (and I certainly am leaving quite a few out!), I wanted to briefly mention D&V Philippines.



They offer a diverse range of solutions for bookkeeping and accounting, including the newest service, QuickBooks Live. With this service, you’ll get a dedicated bookkeeper for your business with no contract required. The secure online network ensures that your data is protected and there are four subscription levels to choose from. Custom pricing is available for those with more than 300 transactions per month and small business plans start at less than $500 a month, which is impressive for virtual bookkeeping. You do have to pay a little more for some features, but it’s got a lot to offer. Those in need of a full-service accounting solution will find a lot to appreciate at Bookkeeper.com.

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