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Bookkeeping Services & Comparison
Understanding Our Different Bookkeeping Services
We offer three primary packages of bookkeeping services – basic bookkeeping, advanced bookkeeping and full charge bookkeeping. Each is tailored to meet the diverse needs of businesses. With our experienced team of bookkeeping professionals, we are committed to delivering accurate, reliable, and timely financial services.
Basic Bookkeeping
Our basic services are ideal for businesses who sell services rather than goods.
- Transaction monitoring and coding (115 transactions and 2 accounts maximum, additional transactions and accounts will incur additional fees) on a weekly or biweekly schedule.
- Maintaining and updating all lists (vendors, customers, COAs and more).
- Management review of your monthly financials.
- Basic monthly financials ready for you when you need them.
Advanced Bookkeeping
This package is for business entities with annual gross revenue between $400k and $1 million. If your business has less than $400k in annual revenue, we offer semi-annual or annual bookkeeping services.
The Advanced Bookkeeping package includes:
- Journal entries to record things that may happen outside of your business accounts but still need to be captured in your financials (maximum of 5 entries per month additional entries will incur additional costs).
- Financial reports sent to you on a monthly basis. Reporting is at the heart of every successful business. We listen to your needs and create the reports through Reach Reporting that are comprehensive, easy to understand and provide you with the information you need to manage your growing business.
- Equity management. We make sure your time and money invested into your business are captured so that there is a complete accounting of what you have put into your business and what your true profitability is (maximum of 2 journal entries per month, additional entries will incur additional fees).
- Inter-company account management. This service is for the Multi Entity Owner; call us for more details on this service.
- Sales tax filing for all clients who need help with reconciling and paying sales tax. Let us take that burden off your plate.
- Contractor payment tracking. We always recommend using our trusted payroll partner, Gusto, for all of your payroll and 1099 needs. If you prefer we track it through QuickBooks, we are happy to do that as well.
Full Charge Bookkeeping
Recommended for rapidly growing businesses and those who require AR/AP management, inventory tracking & reconciliation and cost accounting services.
Includes every item in the advanced service package plus:
- Key role staff assignments. This provides you with standard staffed positions including controller, bookkeeper, and administrative management, all working under your brand. These services are fully customizable based on your business needs.
- Revenue operations management. It’s our goal that your e-commerce store, POS system or field management software, and accounting software are in sync and reporting accurately. We handle every aspect of your revenue process, from sending out bids and estimates all the way through to collecting payment and costing out your projects or volume sales.
- In-depth financial reporting. Key to any business is staying informed about all aspects of the financials including cash flow, accounts payable, accounts receivable (including aging reports), uncollectible debt and ROI, for the metrics that matter most to you. Productivity analysis, periodic shop rate and burden reviews so we can make sure your profitability goals are not being derailed by low efficiency.
- Advanced Cash Forecasting and Financial Modeling, if you are ready to make decisions about the future direction of your company, you will want this service.
- Quarterly presentations for you and your business partners so you have all the information you need to make informed decisions on the next steps for your business.
- On-call support from highly experienced administration staff so you can focus on what is happening in your business while we take care of the paperwork.
Need A Free Consultation?
Take advantage of a free consultation with COR Tax & Bookkeeping, where our team of experts will assess your business’s needs and provide valuable insights to help you make informed financial decisions.