FAQs
What is a discovery call?
All of our client relationships begin with a Discovery Call- a brief 30-minute call designed for us to learn about you and your business and to share how our services can help you. They are not designed to provide you with strategies or solutions that are specific to your financial needs.
What accounting Platform do you use?
QuickBooks Online is the only accounting platform that we currently use at this time.
Do you advise on personal finances?
Not exactly. Financial advisors help their clients make more informed financial decisions. Those decisions can be around anything from how to start investing to retirement or estate planning. We are not licensed financial advisors, however, we have a referral list of those who can. We can advise our clients on how much to pay themselves, save for taxes, save for reinvestments. We can also help with budgeting for the business and projecting cash flow.
Do you provide tax services?
Yes! We are credentialed and provide tax filing & planning for individual taxpayers and small business owners.
How long is the onboarding process for accounting services?
The initial phase of our process is 4-6 weeks. This includes getting a clear understanding of your financial needs, establishing a plan of action such as baselines targets and our goals together, account set-up & implementation of your Quickbooks profile, and cleaning up financials if needed.
What is the difference between a Bookkeeper, Accountant, and CFO?
That is a great question! Think of these three different roles as… Historical-thinking versus Forward-thinking or Process-driven versus Planning-driven. Bookkeepers records and classifies a company's daily financial transactions such as sales, payroll, payment of bills, etc. Their focus is on accurate record-keeping and less focused on interpreting the data and analytics more transactional. Accountants are more structured and follow a process to complete necessary tasks like gathering financial data, preparing financial statements, quarterly reporting, tax preparation, and so on. CFOs use this information to create budgets/forecasts and projections for how your business will achieve projected profit and business goals. And YES! We offer all 3!
How will we work together?
We are a completely virtual firm (based out of Dallas, TX) and we can work with you from anywhere in the world. If you are a US Expat or inspiring global entrepreneur please check us out at Around The World Ledger. We'll communicate via our client portal, email, Voxer, and video meeting platforms (i.e Zoom).
What is the investment for accounting and tax services?
Our services can range from $250-$2450+ depending on what you are needing. Our accounting services are best suited for established businesses. However, we do offer new business start up services to those who need it.
Do you offer payment plans for your services?
We offer installment agreements for the 1 time implementation and accounting clean up fee and tax projects that have larger investment amounts. Monthly retainer fees such as Accounting/Bookkeeping and CFO services are due in full on the 1st of the month.