For an established business (3 years or more), we will recommend a Cleanup of your existing QuickBooks Online (QBO) or Xero account, or recommend a Setup of a brand new accounting file.
Before we can provide you with the price for a Setup, we will need to determine the following factors:
- The number of bank and credit card accounts
- The number of transactions involved
- If you are using invoices
- If you are using bills
- The complexity of your reporting needs
- If you have any outside apps connected to your accounting system
Many new clients that come to us have an existing QBO or Xero data file. Since we will have completed the checkup of your existing records, we will have uncovered any issues with your current data.
Some of the factors that can affect the cost of a Cleanup are:
- How many months or years need to be cleaned up
- If your bank and credit card account balances agree with your statements
- If you have transactions that are missing
- If your payroll expenses agree with your filed payroll tax returns
- If your records agree with your last filed tax return
Every business is unique when it comes to this type of project. We strive to be transparent in our proposals about every task that will be completed in a Setup or Cleanup project so that there are no surprises.