Category: Bookkeeping

This method results in higher depreciation expense in the early years of an asset’s life and lower depreciation expense in later years. Depreciation is a method of accounting that records the decrease in the value of an asset over time. Depreciation is an important concept in bookkeeping as it affects the calculation of an entity’s net income and taxes. In the next few years, assets placed in service will be subject to a combination of bonus and modified accelerated cost recovery system (MACRS) depreciation. Therefore, practitioners should devote more attention to making sure assets are assigned accurate class lives to maximize the MACRS portion of the depreciation deduction. Cost segregation studies will remain important and provide support in the event of an IRS audit for the assignment of shorter and accurate MACRS class lives for building components.

The process of calculating this wear and tear is called depreciation, and the sum of an asset’s depreciation over multiple accounting periods is called accumulated depreciation. So, when it comes time to record this value on your balance sheet, is accumulated depreciation an asset or a liability? Does it count as a credit or a debit, and where does it belong on a balance sheet? In this article, we’ll discuss whether accumulated depreciation is an asset and why it’s critical to record on your balance sheet or income statement.

This method is commonly used for assets such as vehicles or machinery that are used to produce a specific product. Straight-line depreciation is the simplest method and involves dividing the cost of the asset by its useful life. For example, if a machine costs $10,000 and has a useful life of 5 years, the annual depreciation expense would be $2,000 ($10,000 divided by 5). The Depreciation Calculator also serves as an educational resource, helping individuals and students learn about different depreciation methods and their implications.

What is the difference between straight-line and accelerated depreciation?

The useful life of an asset is an important factor when calculating depreciation expense. In summary, depreciation is an important concept in bookkeeping that helps businesses to accurately reflect the reduction in the value of their assets over time. By understanding the key concepts of depreciation, businesses can make informed decisions about the useful life of their assets, salvage value, and depreciation expense. Accumulated depreciation is only relevant when it comes to long-term assets, because short-term assets aren’t in use long enough to experience wear and tear over time.

Understanding Depreciation Methods

Depreciation can be a complex topic, as there are different types of depreciation and various methods of calculating it. This article will explore the different types of depreciation and the key concepts in depreciation to help readers gain a better understanding of this important accounting concept. In summary, the Depreciation Calculator is an essential tool for anyone involved in finance or asset management.

The IRS has specific rules regarding depreciation, and it is important to understand these rules in order to properly calculate and report depreciation on your tax return. The IRS allows businesses to use a variety of methods to calculate depreciation, including the Modified Accelerated Cost Recovery System (MACRS). The cash flow statement is a financial statement that shows the inflows and outflows of cash of a company over a specific period.

Depreciation Calculator – Calculate Asset Depreciation Easily Free Online Tool

In the world of finance and accounting, understanding asset depreciation is essential for making sound financial decisions. Use this calculator to plan your finances, optimize tax benefits, and effectively manage your assets. Sec. 179 expensing was not used as frequently in recent years as previously because many taxpayers have relied on 100% bonus depreciation. Bonus depreciation is phasing out and will require practitioners to take a closer look at Sec. 179 expensing as a tax saving strategy. Let’s say an organization purchases a computer with the specific purpose of helping the organization generate income, making the computer a fixed asset. According to the IRS, a computer is predicted asset depreciation calculator to have a useful life of seven years before it needs to be replaced.

• According to the IRS, a computer is predicted to have a useful life of seven years before it needs to be replaced.
• Failure to update the depreciation schedule can result in inaccurate financial statements.
• The cash flow statement is a financial statement that shows the inflows and outflows of cash of a company over a specific period.

People and businesses use it when they buy equipment, lease property, or plan ahead. Knowing what changes residual value can help you choose better lease terms, plan for asset replacements and estimate tax deductions more accurately. The income statement is a financial statement that shows the revenue, expenses, and net income of a company over a specific period.

• Depreciation expense is calculated by dividing the cost of the asset by its useful life.
• Businesses and individuals use it to make decisions regarding asset management, cost recovery and long-term financial planning.
• Another important provision, Sec. 179(d)(6), states that all members of a controlled group shall be treated as one taxpayer.
• This decrease in value is due to various factors such as wear and tear, obsolescence, and other external factors.
• The accumulated depreciation account is used to track the total amount of depreciation that has been charged to fixed assets over time.

Accelerated Depreciation

Depreciation is added back to net income on the cash flow statement because it is a non-cash expense. This adjustment increases the cash flow from operating activities on the cash flow statement. In conclusion, the choice of depreciation method depends on the nature of the asset, its useful life, and the company’s accounting policies. Each method has its own advantages and disadvantages, and it is important for bookkeepers to choose the method that best suits their needs. Yes, some methods, like the declining balance method, apply different rates over time. Businesses may also revise depreciation estimates based on asset conditions and usage.

Finally, depreciation is a key component of financial statements, and accurate depreciation calculations are necessary to ensure that financial statements are accurate and reliable. The balance sheet is a financial statement that shows the assets, liabilities, and equity of a company at a particular point in time. Depreciation reduces the value of fixed assets on the balance sheet, which in turn reduces the overall value of the company’s assets. The accumulated depreciation account is used to track the total amount of depreciation that has been charged to fixed assets over time. Depreciation is the process of allocating the cost of a tangible asset over its useful life. It reflects the wear and tear, deterioration, or obsolescence of assets, allowing businesses to account for the decrease in value over time.

Types of depreciation in accounting

The Depreciation Calculator (% per year) helps businesses and individuals estimate the annual depreciation rate of an asset over its useful life. This tool is essential for financial planning, tax deductions, and asset management, allowing users to determine how much value an asset loses each year. It is commonly used for vehicles, equipment, real estate, and other tangible assets subject to depreciation.

In conclusion, depreciation is used in different sectors to allocate the cost of assets over their useful life. Manufacturing companies use the straight-line method of depreciation for their machinery and plant and machinery. Real estate companies use the straight-line method of depreciation for their buildings and land, taking into account the carrying value of the asset. Companies that own vehicles use the straight-line method of depreciation, taking into account the salvage value of the asset.

Can Residual Value Change Over Time?

Depreciation reduces taxable income by allowing you to deduct a portion of asset costs each year, resulting in tax savings. Choose straight-line for assets that lose value steadily, or declining balance for assets that lose more value in early years. Depreciation is the systematic allocation of an asset’s cost over its useful life, important for tax purposes and accurate financial reporting. Use this calculator to calculate the simple straight line depreciation of assets.

Useful life refers to the estimated period during which an asset is expected to be useful to its owner. It is the time period over which the asset will generate revenue for the business. The useful life of an asset is determined based on factors such as wear and tear, technological advancements, and market demand.

The general ledger must be updated more regularly (daily or weekly) since it HOA Accounting is a record of all financial transactions. Annual financial statements, which cover the financial period for the year, are also customary. The only way to know if your financial records match your bank account is to perform a bank reconciliation. You should review your bank account monthly to ensure there’s no fraud or irregular activity. Knowing the three methods of accounting is a key factor in financial success. This way, you won’t have trouble keeping track of your financials over time.

• Simply put, accrual accounting remains the best HOA accounting method because it paints a more accurate picture of your association’s finances.
• This report will also show how much was collected through dues and whether there was a surplus or deficit.
• Train staff handling records to recognize sensitive information and follow appropriate protocols for protection.
• The content on this website is provided without any warranty and does not constitute legal advice.
• Consequently, many communities seek help from third parties that provide HOA accounting services.

What Is Financial Oversight in an HOA?

• Being a member of an HOA board means you’re involved in homeowners association accounting.
• Financial oversight can be overwhelming for HOA board members, especially those without accounting experience.
• It should also outline the check numbers, chart of accounts numbers, and any related invoice numbers.
• By recording transactions as they occur, you get an accurate and up-to-date view of your HOA’s financial health.

That’s why board members must have a clear system for budgeting, tracking expenses, auditing finances, and managing delinquent assessments. As Colorado’s leading community management company, our team is well-versed in all aspects of HOA accounting. Furthermore, our services are tailored to meet the unique needs of each association, ensuring financial clarity, transparency, and compliance. Professional HOA accounting services bring a wealth of expertise in financial management and compliance. This ensures the association operates within the bounds of the law and only deploys best practices.

What role does technology integration play in HOA accounting?

Many HOA finds it easier to record revenues when earned but to wait to record their expenses until they have made the payment. These all-in-one software platforms allow HOAs to create branded public-facing tools that increase trust in their organizations. Tracking down a financial error in HOA financial statements based on paper records or offline spreadsheets can take days, frustrating board members and raising questions. The cash disbursements ledger tracks all outgoing payments, including checks and cash transactions. This ledger helps board members monitor spending and ensure all payments are accounted for.

The Homeowners’ Bill Of Rights!

Because HOAs are non-profits and usually tax-exempt, you most likely won’t owe money. The end of the summer might sound like it’s too early to start setting your budget for next year. This term means that you act in a way that benefits someone else financially. As an HOA volunteer, your fiduciary duty is to the association and the residents. You can’t act in your own self-interest and can be prosecuted if you make financially unsound or personally biased decisions.

When it’s time to create a budget for the next year, take time to review vendor contracts to verify if prices are going to stay the same, or go up. Even a small increase can negatively impact the budget if the association isn’t prepared for it. Management companies that have adopted modern, digital accounting practices can also integrate their financial systems with other HOA technology.

HOA Accounting Records:

Our online bill approval system requires two Board members (with their unique login) to review all invoices and approve them prior to payment. The Income Statement is meant to inform the Board how the association is doing compared to its budget. It shows the current period actual expense, budgeted expense and any variance between the two. For a smaller community this can be all that is needed along with a willing volunteer to handle the accounting.

• This report gives the homeowners association and the community manager information to help them track financial transactions.
• Some small HOAs prefer this method, but most professionals still recommend the accrual method.
• Annual financial statements, which cover the financial period for the year, are also customary.
• For instance, even though there are three accounting methods, California law directs that HOAs should use the Accrual Basis when preparing their pro forma operating budget.
• An HOA audit is basically a review of your previous year’s financials.

Board members can use these statements to help with decision-making. While it is generally the treasurer’s job to prepare these statements, many HOAs enlist the help of an accountant or an HOA management company for this task. Civil Code Section 5200(a)(3)(d) states that records must follow an accrual or modified accrual basis whenever an HOA member requests copies of the association’s financial records.

Because the parent company and its subsidiaries form one economic entity, investors, regulators, and customers find consolidated financial statements helpful in gauging the overall position of the entire entity. Consolidated financial statements are of paramount importance in the world of finance and accounting. They offer a comprehensive and accurate view of the financial performance and position of companies under common control. Consolidated financial statements integrate the financial data of a parent company and its subsidiary entities into a unified set of reports. The process commences by collecting individual financial statements from each entity, including income statements, balance sheets, and cash flow statements, adhering to standard accounting principles. These statements play a vital role in legal compliance, allowing companies to meet regulatory requirements in many jurisdictions and provide an accurate representation of the group’s financial health.

Consolidated Financial Statement

Prophix One is an all-in-one Financial Performance Platform for every process that goes through the Office of the CFO. It puts all your financial data at your fingertips so you can create consolidated financial statements with ease. Companies that don’t have to produce consolidated financial statements may still choose to do so. Usually, this is for certain tax advantages or to provide a better picture of the entity’s overall financial position to investors. A consolidated financial statement reports on the entirety of a company with detailed information about each subsidiary.

Step 1: Identify the entities you need to consolidate

Consolidated financial statements, in simple terms, are the financial statements of a business having numerous divisions or subsidiaries. Private company usually prepare non-consoliate financial statement due to its simple structure. The private company has less requirement in preparing the financial statement while the public company needs to comply with many regulations such as IFRS, SEC, and other local guidelines. ABC must record $400 million in earnings on its income statement since ABC has a 40% stake and exerts some control over XYZ. Also, ABC needs to record the increase in the value of the initial investment, listed on the balance sheet, by $400 million. As an example, let’s say that Company ABC has a 40% controlling interest in its unconsolidated subsidiary, Business XYZ, which it created as an SPV for a new construction project in a foreign country that will only last for a year.

The Method of Reporting a Minority Interest in Consolidated Financial Statements

Investors can use consolidated profit to assess the financial health of the group as a whole, including the parent company and its subsidiaries. Public companies normally make this decision on a longer-term basis, as changing from filing consolidated to unconsolidated financial statements may raise concerns with investors or cause complications with auditors. In some circumstances, such as a spinoff or new acquisition, the parent company may call for a change in consolidated statements. The tax benefits a business may receive by reporting a consolidated vs an unconsolidated income statement for a tax year generally have an impact on this annual decision.

Losses

• An unconsolidated financial statement would treate each subsidiary separately from an accounting perspective, while a consolidated one accounts for every subsidiary together.
• With Prophix One, you can aggregate data automatically and build consolidated financial statements in less time and with no errors.
• As an Investopedia fact checker since 2020, he has validated over 1,100 articles on a wide range of financial and investment topics.
• The final financial reporting statements remain the same in the balance sheet, income statement, and cash flow statement.
• As a finance professional, you know that financial statements are an essential tool for evaluating the financial health of an organization.

If this relationship is deemed “controlling”, the parent company must prepare consolidated financial statements. Filing consolidated subsidiary financial statements is a long-term financial accounting decision because switching from consolidated to unconsolidated may also law firm chart of accounts cause issues with auditors or investor concerns. However, there are specific cases, such as a spinoff or purchase, where a change in corporate structure may necessitate a change in the consolidated financials.

Which type of financial statement is right for my business?

Also, for a longer length of time, public firms decide whether to produce consolidated or unconsolidated financial statements. A public consolidated vs unconsolidated business may need to submit a change request if it wants to switch from consolidated to unconsolidated. If one company owns part or all of another company, it may be required to prepare a consolidated financial statement. Consolidated financial statements are often used for reporting to investors, government agencies or applying for loans and grants.

STANDARD COST: Definition, Benefits, and Limitations

• Note any information related to the non-controlling interest in the disclosures to the consolidated financial statements.
• They include three key financial statements; income, cash flow, and financial position.
• While there are no definite right or wrong steps, here are some best practices to keep in mind.
• Consolidated financial statements are a crucial tool in financial reporting that combines the financial information of a parent company and its subsidiary entities into a single, unified set of reports.
• A consolidated financial statement combines the information from the subsidiary companies’ individual financials.
• Companies must usually prepare a consolidated income statement to meet compliance laws and standards within their jurisdiction.
• It uses a hybrid consolidated financial statements approach, as seen in its financials.

All revenue generated by the parent company and each subsidiary should be included for the applicable reporting period. If you are trying to compare different companies from the same sector, then standalone statements can be a better idea. If you are analyzing a company that has subsidiaries in a similar line of business, then make sure that you look at consolidated statements. Consolidated Financial Statements are the aggregated financial statement of a group company with multiple segments or subsidiaries.

What Is A Consolidated Financial Statement?

• Ultimately, whether you choose to use standalone or consolidated financial statements will depend on your specific needs and circumstances.
• If a company owns between 20% and 50% of the common shares of another company, it will usually use the equity method.
• However, in most circumstances, private companies can make the decision to produce unconsolidated or consolidated financial statements on an annual basis.
• Public companies usually choose to create consolidated or unconsolidated financial statements for a longer period.
• A parent company produces it to represent its subsidiaries as part of its own financial position.

Overall, unconsolidated financial statements are geared toward analyzing the financial status of individual entities within the group. Before the financial reports are combined to create a consolidated financial statement, a parent business and its subsidiaries will each separately report their finances when compiling a company’s financial statement. A company’s consolidated financial statement is viewed as a barometer of its overall financial health by investors, market authorities, and financial analysts.

What is financial consolidation? A guide for 2025

This level of accuracy and transparency is crucial for investors and creditors when assessing the overall financial stability and prospects of the group. It instills confidence and aids in making informed investment and lending decisions and evaluating the group’s creditworthiness. For internal management, consolidated financial statements are vital for strategic decision-making and resource allocation. In consolidated financial statements, investments in such unearned revenue subsidiaries should be accounted for in accordance with Accounting Standard (AS) 13, Accounting for Investments. The reasons for not consolidating a subsidiary should be disclosed in the consolidated financial statements. Parent companies are required to prepare consolidated financial statements, although there are a few exceptions.

Bench simplifies your small business accounting by combining intuitive software that automates the busywork with real, professional human support. BooXkeeping is a nationwide provider of affordable outsourced bookkeeping services to small and medium-sized businesses. BooXkeeping offers affordable and accurate bookkeeping services for small and medium-sized businesses in Dallas and the surrounding areas. No two clients are the same, and we always ensure each business gets the right services to support their business goals and needs. As a small business ourselves, we know how important cash flow is for companies like yours. In this blog post, we’ll demystify the difference between accounting and bookkeeping, helping you understand their unique roles and contributions to your business’s financial success.

H.P. Taxes

• The company offers free reports and newsletters, tools and resources, services for individuals, business consulting, tax services, and QuickBooks assistance.
• We are here to help you streamline your accounting needs efficiently and effectively.
• Empower Bookkeeping Firm LLC is a full service accounting firm located in Garland.
• Once we decide that the relationship is a good fit, we’ll have an initial meeting.
• Low-cost support that lets you be behind-the-wheel with your bookkeeping.
• At the same time, your CPA can identify the potential for your business to benefit from more favorable tax brackets or financial deductions.
• Courtney joined ProLedge Inc. in 2011 and soon became VP of Operations.

We offer various business bookkeeping services in Dallas and Fort Worth, TX, and our specialists are prepared to tackle your projects head-on. Accounting services offer businesses comprehensive financial management, including bookkeeping, tax preparation, financial reporting, and analysis. This ensures compliance, accuracy, and supports informed decision-making for growth and operational efficiency. IA-CPA LLC is a certified public accounting firm located in Dallas and founded in 2010. The company specializes in taxation, bookkeeping, advisory, tax planning, and preparation.

Fixing “Broken” QuickBooks

Sheeba and her team help me reorganize my businesses financially and clean up my relationship with CRA. Allow me to take Bookkeeping off your plate, so your business will thrive even more as you focus on what matters. Let me, an experienced, certified, and skilled professional, spend the time with your bookkeeping so that you don’t have to. Shortly after you sign up, we’ll give you a call to learn more about your business and bookkeeping needs.

Service Providers

We offer professional bookkeeping training services in person or remotely. We can organize your staff Airbnb Accounting and Bookkeeping training to facilitate your financial independence. I don’t enjoy that aspect of my business, although I appreciate its importance to any business.

The Best Dallas Bookkeeping Services

• Carter Group Tax Service is a full-service tax preparation firm located in Richardson employing staff with experience in bookkeeping and tax services.
• We handle all aspects of bookkeeping so you can get back to focusing on what you do best – growing and managing a successful business.
• In that case, our bookkeeping services professionals could relieve the workload on your staff’s shoulders and allow you to innovate.
• We offer personalized bookkeeping services so you can get the specific help you need to run your business smoothly, no matter what industry you are in.
• There is a cleanup fee to get started and get your books in order, and then pricing drops to the monthly fee of $200 to $400.
• Yes, but the integration of the program must be done by specialists in bookkeeping services.
• Our intuitive software automates the busywork with powerful tools and features designed to help you simplify your financial management and make informed business decisions.

The company’s finance solutions include accounts payable and receivable, payroll services, general ledger support, financial reporting, and controller services. NexGen Finance Solutions is a Better Business Bureau accredited business and a proud member of the Plano Chamber. Bookkeeping Services of Plano is an accounting firm located in Plano with well over 20 years of experience in the industry. Bookkeeping Services of Plano is an Intuit QuickBooks Certified ProAdvisor and a Better Business Bureau accredited business with an A+ rating. Accountex is an accounting firm serving personal and business clients throughout the Dallas, Texas, metro area.

Empowering Women with Top-Tier Bookkeeping Services

We also gather your materials, such as bills and reports and take note of your current accounting software systems. Our payroll services include all the legit regulations rendered by the respective state we are working in. Alternatively, in-house or outsourced bookkeepers can update your books for you, typically for a monthly fee. But whether you plan to do bookkeeping yourself or outsource it to an accountant, it pays to understand the basics of bookkeeping. They came to my rescue 3 years in a row, with my backed-up bookkeeping needs, in a timely and professional manner. Our bookkeeping services bookkeepers in dallas experts possess the knowledge to provide you with the bookkeeping services required in a professional consignment.

Accurate & Timely Financial Statements

Our services are ideal whether you require short-term projects or complex bookkeeping assignments that need weekly or monthly reports. It’s time to feel empowered with your numbers and make stress-free decisions for your business. Low-cost support that lets you be behind-the-wheel with your bookkeeping. This is perfect for the business owner or creative who prefers Do-It-Yourself projects, but still needs a bookkeeper on the sideline.

See what my clients have to say…

All your monthly bookkeeping tasks are handled for a low fixed monthly rate with trial balance no long-term contracts. Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of Accuracy, Excellence and Responsiveness. Good bookkeeping is foundational to running a profitable business. After all, if you don’t know how much you’re making or where that money is going, you’ll have difficulty finding ways to expand your profitability. We’ll solve problems that may arise with uploading your organization’s economic information to QuickBooks, such as incomplete data or misaligned financial transactions.

QuickBooks Online

Other services include IRS help, income taxation assistance, and individual tax return guidance. Taxation services support individuals and businesses with tax planning, compliance, and filing. These services ensure accurate reporting, minimize liabilities, and help navigate complex tax laws to maximize financial efficiency and ensure legal compliance. Bookkeeping services involve tracking and organizing financial transactions, ensuring accurate record-keeping, managing accounts, and preparing reports. These services help businesses maintain financial health, stay organized, and comply with regulations effectively. In the ever-changing world of enterprise-level bookkeeping, your financial data can be recorded by several methods.

Each member of our team is free to be themselves, is able to cultivate their ideal work environment, and is trusted to take responsibility for their work and their clients. We offer a calm work environment where colleagues are considerate of others and our clients know the work they receive has been considered thoughtfully, carefully, and with intention. Acuity works with businesses across a range of industries. They specialise in helping to choose apps that integrate with Xero to boost business performance for some of those industries.

Talk to an Expert

We started using Acuity for payroll and then payment processing. As we grew, trial balance we needed help keeping up with our books. Now we have a part-time CFO and part-time Controller. Acuity has been able to come alongside us every step of the way to be the consistent expert through every stage of growth.

Shape Your Future with Acuity: Where Growth is Our Priority

• They record transactions, balance the books, and create reports, ensuring that they maintain financial compliance.
• At Acuity, our team of experts has the experience and leverage to effectively collect on past due accounts.
• This ensures you get clear and current financial information, freeing you up to focus on expanding your business.
• Each member of our team is free to be themselves, is able to cultivate their ideal work environment, and is trusted to take responsibility for their work and their clients.
• An example of changes to pricing is in our payroll service.

For when you’re setting the foundation with tax compliance and core financial services. Use Acuity’s financial playbook, developed over the last 20 years and vetted by over 2,000 entrepreneurs. From no-code solutions, to simply having better processes, set your business up to scale.

Steps for Fraud Prevention: How Entrepreneurs Can Combat Bookkeeper Fraud, Financial Schemes, and Cyber Scams

Let us handle new employees when they’re hired, pay rate changes, and of course, administering payroll each pay period. At Acuity, we know how important it is for your payroll system to be up to snuff, especially as you grow your business. Our a la carte service model is designed to grow and change with you – so whether you’re in the Essentials, Growing, or Established stage, we meet you where you are in your journey. Avalara Managed Returns for AccountantsGive your clients the benefits of a fully managed returns service while you offload the time and manual effort of providing it. Acuity has gone above and beyond already high expectations.

We help entrepreneurs take charge of their finances.

Not only is their work done with a pursuit of excellence, but the people on their team are a joy to work with. As we’re scaling fast, Acuity Partnership Accounting has been a key strategic partner for us. As a global organization, ACG has a lot of liability.

• Acuity is on a mission to make ecommerce businesses better, specializing in outsourced bookkeeping and accounting services built for the ecommerce entrepreneur.
• You started your biz for the good stuff, not to fuss over cash flow and accounting.
• Acuity works with businesses across a range of industries.
• We cover everything from tax extensions, frequently asked tax questions, quarterly tax payments, and more.
• Our a la carte service model is designed to grow and change with you – so whether you’re in the Essentials, Growing, or Established stage, we meet you where you are in your journey.
• These topline results may not be reproduced in subsequent patients and clinical trials.

Acuity is on a mission to make ecommerce businesses better, specializing in outsourced bookkeeping and accounting services built for the ecommerce entrepreneur. To strengthen its commitment to ecommerce sellers, Acuity merged with the leaders of ecommerce accounting, Catching Clouds, in 2021. Ensure your employees get paid on time using a dedicated bookkeeper coupled with one of our payroll software partners.

Use us to comply with federal and state income tax. For accrual accounting and more complex needs, lean on your controller. In your free consultation acuity bookkeeping with our team, we’ll walk you through our bookkeeping solutions and add-on services in detail. Then, you’ll get the chance to explore all of our other solutions with our team – controller, CFO, and tax. At Acuity, we recognize that every business is unique. That’s why, apart from our basic bookkeeping services, we offer add-ons – AKA services that complement our bookkeeping solutions.

We’re on a mission to help 5,000 innovative entrepreneurs by 2030.

By leveraging the right tools, you can get the financial info you need to make smart decisions – and help us work better together. It’s all about making your entrepreneurial journey less scary, and more filled with business success. Acuity is committed to clear and convenient communication.

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We’ll dig in and make sense of the mess so you have an accurate picture about how your business is performing. We’ll manage your documents to make sure your accounts align, including transaction classification and any necessary adjustments you may need. Your dedicated bookkeeper is available for you at all times. For when you’re ready to leverage financial data to drive smarter decisions. From tracking down receipts to entering data into spreadsheets, the process can quickly become a time sink.