FAQs
Frequently asked questions
Everything you need to know about working with Accountify. Still have a question? Call us at (240) 620-4627.
What bookkeeping tasks do you handle each month?
We manage the full monthly accounting cycle, including:
- Bank and credit card reconciliations
- Categorizing and recording all transactions
- Accounts payable and receivable updates
- Payroll entries and adjustments
- Month-end close and financial reporting
- Maintaining audit-ready financial records
Can you clean up or fix previously mismanaged books?
Yes. We specialize in clean-up and catch-up work for businesses whose books may be incomplete, inaccurate or several months behind. This includes:
- Reconciliation of all accounts
- Correcting misclassified transactions
- Rebuilding financial statements
- Fixing opening balances and prior-year issues
- Bringing books into a GAAP-compliant structure
How do you make sure my books stay accurate?
We follow standardized accounting workflows, including:
- Monthly reconciliations
- Internal review checks
- Supporting documentation audits
- Proper accrual and cash accounting treatment
- Consistent chart-of-accounts alignment
Do you support both cash-basis and accrual-basis accounting?
Yes. We manage books on a cash, accrual or modified accrual basis, depending on your business model and reporting needs.
What software do you work with?
We primarily use QuickBooks Online, and we also support:
- Xero and Wave
- Gusto (payroll)
- Stripe, Square and PayPal integrations
- Shopify, WooCommerce and Amazon seller integrations
Do you handle payroll?
Yes, the accounting side. We provide payroll setup and onboarding, monthly payroll journal entries, adjustments and reconciliations, and coordination with payroll providers such as Gusto, ADP and Paychex. We don't run payroll internally.
Will you handle my invoicing and bill payments?
Yes, if required. Our AR/AP services include:
- Customer invoicing and payment application
- Vendor bill entry
- Bill pay scheduling
- Monthly AR/AP aging reports
Can you work with my existing CPA or tax professional?
Absolutely. We collaborate with CPAs and tax preparers to make sure your books are tax-ready. If you don't have a CPA, we can refer one.
How do you deliver financial reports each month?
You receive a monthly reporting package containing:
- Profit & Loss Statement
- Balance Sheet
- Statement of Cash Flows
- Key monthly highlights
- Variance notes (if applicable)
Do you provide budgeting, forecasting or CFO advisory?
Yes. We offer budget creation and maintenance, cash flow forecasting, break-even and cost analysis, pricing and margin review, and KPI dashboards. These can be added as a separate scope.
What information do you need from me each month?
Typically bank and credit card statements (if not connected), payroll reports, vendor bills, sales reports, and any unusual or one-time transactions. Most clients share documents through our secure upload link.
How do you price clean-up work?
Clean-up is priced on the number of months or years to fix, transaction volume, the number of accounts and payment platforms, and the accuracy of existing records. You receive a detailed quote after we review your current books.
How secure is my financial data?
We use encrypted platforms and strict access controls. Only authorized team members access client data, and all information remains confidential.
Do you work with start-ups or new businesses?
Yes. We help new businesses set up QuickBooks or Xero, create a customized chart of accounts, establish accounting workflows, and connect payments, payroll and invoicing.
How soon can you start?
We typically begin within 48–72 hours of receiving access to your books and completing onboarding.
Your business is growing. Your finances should keep up.
Whether you need ongoing bookkeeping, clean-up support or a strategic financial partner, Accountify is here to help.