The Way We Do Business
Smart business owners recognize which tasks are best delegated to those who can most efficiently perform them.
We believe in honesty and transparency. Healthy business relationships are built on trust. We recognize that when small businesses entrust us with their financial information, they are sharing a very private part of themselves. Confidentiality of sensitive personal and business information is of utmost importance to us.
Although we have valuable industry experience we will gladly share, we are not your business managers. Our job is to provide solid financial data that will allow you to make informed decisions about your business.
Our clients are responsible for purchasing and maintaining the necessary licenses for any locally installed computer programs used by their systems. Although we extensively research software and other business applications before recommending them to our clients, we cannot be held liable for glitches or problems resulting from the use of third-party products and services.
The On-boarding Process
The needs of every business are unique, so a “one-size-fits-all” approach won’t result in an efficient accounting system. Various factors will dictate the process: the quality and integrity of the original accounting system, the quantity of data being processed, and the complexity of the transactions.
If you have a relatively new business or a very clean accounting file that can be easily converted, the process may be relatively painless. When a lot of cleanup and historical entry is required, the conversion will be take some time to do right. But it will be well worth the effort.
A well designed and maintained accounting system is an important business asset.
Analyze current accounting processes and consider potential solutions
How well is the current system working? Is it up-to-date and accurate?
What are the pain points? Where could improvement be made?
Is raw data being captured in a useful and efficient manner?
What systems, methods, and integrations could streamline the accounting process?
Implementation and oversight
Initial setup and testing of selected processes and integrations.
Training and support of staff during early phases of the transition.
Final review and fine-tuning of processes.
At Level and True Accounting Services, we believe in the power of collaboration and teamwork. We expect our clients to be active participants in the accounting process, and enjoy working together with them.
The level of support provided to our clients is determined by their needs and abilities. Many of our clients successfully manage their daily bookkeeping processes with a minimum of outside support. Those with more complex systems or less accounting experience may need more frequent involvement. A few prefer to outsource the bulk of the process to our staff, and we are happy to accommodate them.
When considering pricing, try not to get hung up on the monthly cost. Determine how much value a particular service plan or App will provide you.
Here’s some factors to consider:
- In the daily routine, how much time and frustration will the integration or process save?
- What is your best use of time? Selling and providing services? Or shuffling paperwork?
- Could employee time be better utilized for activities beneficial to the growth of the business?
- Will real-time analysis of business data have a positive impact on decision-making?
- Will the App or feature substantially improve cash flow?
The up-front cost of an integrated App may actually save or even make money in the long run.
Down the Road
If at any time your accounting needs change, we will gladly reevaluate our service contract and adjust it accordingly. The more basic XERO subscriptions limit functionality but do not change the underlying data structure. If a file is downgraded to a basic plan like Ledger, all data will remain intact. If it is later moved back to a full feature plan, all functionality is immediately restored. There is one exception: multiple currency cannot be turned off once initiated, so please don’t try it unless you plan to keep it permanently.