Bookkeeping

It’s accrual world out there… without a bookkeeper

Running your business is enough to keep you busy. Allow our skilled team to manage all of your difficult bookkeeping tasks, including daily transaction classification and expense tracking, payroll, bill payment and invoicing, business tax planning and preparation, and reporting. We’ll make sure you always have a clear view of your financial situation.

  •  Time savings—Take back all of those hours spent in the back office processing bookkeeping work…and put them toward advancing your business.
  •  Cost savings—Billed at a fixed monthly fee, you can eliminate billing surprises caused by creeping hourly fees.

What’s included in bookkeeping?

  1. Entering all transactions, including any questions that you or us might have on those transactions
  2. Reconciling your bank and credit card accounts
  3. Sending personalized financial statements including Profit and Loss, Balance Sheet, and Cash Flow Statement

 

Choose the solution that is right for your business:

 

Tier 0
Starting at $250/month
  • Data Entry - Up to 30 Transactions/Month on Average
  • Bank Reconciliation - 1 Checking/Saving Account
  • Customized Chart of Accounts
  • Monthly Financial Statements
  • Additional 30 Transactions: $100/month
  • Additional 70 Transactions: $200/month
  • Additional Bank Account: $50/month
Startup
Tier 1
Starting at $500/month
  • Data Entry - Up to 100 Transactions/Month on Average
  • Bank Reconciliation - 1 Checking/Saving Account
  • Bank Reconciliation - 1 Credit Card Account
  • Customized Chart of Accounts
  • Monthly Financial Statements
  • Additional 50 Transactions: $100/month
  • Additional 100 Transactions: $200/month
  • Additional Bank Account: $50/month
  • Annual Payroll Review
  • Payroll (Starting at $200/month)
Sm. Bus
Tier 2
Starting at $750/month
  • Data Entry - Up to 200 Transactions/Month on Average
  • Bank Reconciliation - 2 Checking/Saving Accounts
  • Bank Reconciliation - 2 Credit Card Accounts
  • Customized Chart of Accounts
  • Monthly Financial Statements
  • BPOL (Business License) Filing
  • BPPT (Property Tax) Filing
  • Annual Payroll Review
  • Payroll (Starting at $200/month)
Popular
Tier 3
Starting at $1000/month
  • Data Entry - Unlimited Transactions
  • Bank Reconciliation - No Limit
  • Customized Chart of Accounts
  • Monthly Financial Statements
  • BPOL (Business License) Filing
  • BPPT (Property Tax) Filing
  • Annual Payroll Review
  • A/R Review
  • A/P Review
  • Sales Tax Filing
  • Online Bill Pay
  • DCAA Compliance
  • Fixed Asset Management
  • Annual Payroll Review
  • Payroll (Starting at $200/month)
Growing
Payroll. Not Pain-roll

 

We can handle all of your difficult and time-consuming payroll chores, such as processing of scheduled payrolls, employee setup, salary changes, payroll filings, W2 and 1099 processing, time tracking and more. Payroll outsourcing is a great way to cut costs. We use RUN Powered by ADP  so you can concentrate on managing your business.

  •  Assurance—Trust that your payroll is processed accurately and payroll taxes are filed on time.
  •  Time savings—You’ll save countless hours when you let us handle your time-consuming payroll tasks.
  •  Convenience—Work with our team from our secure online platform to process payroll with ease and efficiency.
Optional Annual Bookkeeping and Tax Services

 

Annual Cleanup: Some of our clients wait until the end of the year to enlist our services to enter their data, reconcile and review for accuracy prior to the tax preparation itself. We call these “cleanups” because sometimes we’re going in and entering in as much as 18-months or more of data. We believe that monthly or quarterly is better because at least then the financial statements will be more accurate for decision making purposes.

County BPOL/BPPT Filing: Most businesses in Virginia, Maryland and DC must file annual returns to the county to receive an operating license and maintain in good standing. The two returns that we file the most in these states, even for home-based businesses, are the BPOL and BPPT (personal property) filing. We include this service in our Tier II and Tier III plans, but all clients can add these as a separate service even if we don’t do your bookkeeping or are on a Tier 0 or Tier I plan.

1099 Review and Filing: Every business in the United States must report any Cash or Check payments over $600 to the IRS via form 1099. We will review your books to see who you will have to request W9s for, and file the 1099s on your behalf electronically by the deadline of January 31 every year. Our cost for the annual review is a $25 per filing with a minimum $100 per business. Check out our 1099 page for more information.

Corporate Tax Return: Tired of seeing bookkeeping firms also not prepare your taxes? See our Business Tax Filing page for our pricing tiers since we’ll do your accounting AND file your tax returns so you have one less thing to worry about.

Individual Tax Return: Does your individual tax preparer not do business returns? Does your bookkeeper not do individual taxes? Why go through all the hassle of going to different companies for different services when we can do it all in house. Check out our Individual Tax Filing page for a personalized pricing package just for you.

Workers Comp Audit: We recommend combining your Workers Comp Audit with your payroll provider such as ADP so you don’t have to pay us to complete the filings each year. They are such a pain! However, we do complete these filings as an additional fee if needed.

Beneficial Ownership (BOI) Reporting: Starting in 2024 most LLCs, Corporations, and Partnerships must file a new Beneficial Ownership report (BOI) with FinCen within 90 days of forming your LLC and you must update 30 days after any personal or business information change. Failure to do so can lead to huge penalties – check out out BOI Reporting page for more information including our pricing and some how-to videos if you decide to do it yourself.

 

Not interested in Monthly? We also have Quarterly and Annual Plans.

 

Perhaps you don’t need someone every to look at your books – we get it we’re busy too. Perhaps you’ve got QuickBooks Online almost figured out but you don’t have the time or energy to master the software because you’re trying to run your business. Don’t worry – we have many clients where we are only need quarterly. We provide our core bookkeeping services quarterly, including:

  • Quarterly Bookkeeping: Rather than monthly, we go in and enter, reconcile and review your data on a quarterly basis. Sometimes this is more cost effective, however we believe that our monthly clients have the best information always at their fingertips and put themselves in the position to succeed.
  • Quarterly Accounting Review: If you’re the one entering and reconciling, we review your work for accuracy and let you know what we find and we’ll update your errors. This allows for having accurate financial statements on at least a quarterly basis.
  • Quarterly Business Advisory: During our quarterly advisory sessions, we’ll meet with you to discuss your financials and any other questions that you might have along the way. This could easily be as little as 30 minutes a quarter for maximum efficiency.
  • Quarterly Tax Payments: We’ll assist with the quarterly tax calculations as part of our 1040 Tier III plan; for our small business owner clients it makes sense that we tie this in with the above services so we’re using accurate data to calculate your taxes on.

 

Additional Advisory Services

As a client of Lipsey and Associates, we will regularly inform you of our various Tax Advisory Packages available to our individual tax clients and our business tax clients. We also offer regular Monthly or Quarterly “Check-Ins” with our Senior Tax Managers.

 

Reach Out Today To Ask About Our Plans