Bookkeeping
Clear books. Reliable monthly reporting. Fewer financial surprises.
Taxology provides monthly bookkeeping for small businesses that need reliable financial records without having to manage every transaction themselves.
We review and categorize your transactions, reconcile your bank and credit-card accounts, prepare monthly reports, and identify anything that requires your attention. At year-end, your books are organized and ready for tax preparation.
Monthly bookkeeping starts at $300 per month.
Monthly Bookkeeping Packages
Every package includes the same core monthly bookkeeping services. Your package is determined by the volume and complexity of your business activity.
| Package | Monthly activity | Included accounts | Monthly price |
|---|---|---|---|
| Essential | Up to 75 transactions | Up to 2 bank or credit-card accounts | $300/month |
| Standard | 76–200 transactions | Up to 4 accounts | $500/month |
| Advanced | 201–500 transactions | Up to 7 accounts | $800/month |
| High Volume | 501–1,000 transactions | Up to 10 accounts | Starting at $1,400/month |
| Custom | More than 1,000 transactions or unusually complex activity | Individually scoped | Custom quote |
These prices are starting points. We confirm the monthly fee after reviewing your current bookkeeping file, account structure, average transaction volume, and any additional requirements.
If your business exceeds either the transaction limit or the included number of accounts, a higher package or customized quote may apply.
What Is Included in Monthly Bookkeeping?
Every regular monthly bookkeeping package includes:
- Reviewing and classifying business transactions
- Reconciling the included bank and credit-card accounts
- Recording routine bank activity
- Reviewing uncategorized and potentially duplicate transactions
- Completing the monthly close
- Preparing a monthly profit and loss statement
- Preparing a monthly balance sheet
- Sending you a clear list of questions, missing documents, or transactions requiring clarification
- Maintaining organized, tax-ready books for year-end
Our goal is not simply to categorize transactions. We want your financial records to be complete, consistent, and useful throughout the year. Tax return preparation is not included in the regular monthly bookkeeping fee unless it is specifically included in your engagement.
Need Help With Invoices, Bills, or Payment Follow-Up?
Some businesses need more than monthly transaction categorization and reconciliation. We can also assist with operational bookkeeping tasks such as:
- Creating and sending customer invoices
- Entering vendor bills
- Recording customer and vendor payments
- Monitoring outstanding invoices
- Following up on unpaid customer invoices
- Maintaining accounts receivable or accounts payable records
These services can generally be added for $100–$200 per month, depending on volume, or billed at an agreed hourly rate. The exact scope will be listed in your proposal so that you know which tasks are included.
Setup, Software Selection, and Conversion
If you have recently formed your company, we can help you choose bookkeeping software that fits your business and set up your accounting system correctly from the beginning.
If you are already using bookkeeping software but want to switch to a different platform, we can help convert your existing records and establish an efficient workflow in the new system.
The setup or conversion process may include:
- Reviewing your business structure and bookkeeping needs
- Recommending bookkeeping software based on your business activity and reporting requirements
- Setting up your company profile and accounting preferences
- Creating or customizing your chart of accounts
- Connecting bank and credit-card feeds
- Setting up sales-tax, payment-processor, payroll, or other relevant integrations
- Importing or converting historical transactions and account balances
- Reviewing opening balances and prior-period records
- Identifying unreconciled or incorrectly categorized activity
- Establishing a process for submitting documents and answering monthly questions
- Providing guidance on using the new bookkeeping system
Typical setup or conversion fee: $200–$500. The final fee depends on the software selected, the number of accounts, the amount of historical data being converted, the condition of the existing records, and the level of setup and guidance required.
Catch-Up and Cleanup Bookkeeping
Monthly packages cover current, ongoing bookkeeping. Work relating to previous months is quoted separately. Cleanup may be necessary when:
- Accounts have not been reconciled
- Transactions have been left uncategorized
- Account balances do not match bank statements
- Duplicate transactions have been recorded
- Personal and business expenses have been mixed
- Prior bookkeeping contains significant inconsistencies
- Several months of bookkeeping are incomplete
Catch-up and cleanup work is generally billed at $75–$100 per hour or provided as a fixed quote after we review the file.
The minimum cleanup fee is generally approximately equal to one regular monthly bookkeeping fee. For months requiring extensive correction, the fee may be approximately one to one-and-a-half times the regular monthly fee for each month being cleaned up.
We will review the condition of your books and provide an estimate before beginning cleanup work.
Services Requiring a Separate Quote
Unless specifically included in your proposal, monthly bookkeeping does not include:
- Reconstructing missing financial records
- Contacting banks, customers, or vendors to obtain missing documents
- Extensive research into unidentified transactions
- Payroll processing or payroll amendments
- Sales tax preparation or filing
- Correcting previously filed tax returns
- Amending prior payroll or tax filings
- Preparing income tax returns
- Creating historical invoices or bills from incomplete records
- Managing collections or disputed customer balances
- Bookkeeping for additional entities or accounts not included in the package
If you need any of these services, let us know. We can determine whether we can include them in a separate quote.
Price Quotes for Other Services
Tell us which additional services you need and we’ll send you a separate quote.
Frequently Asked Questions
Let’s Find the Right Bookkeeping Package for Your Business
Let’s get your books organized!
Tell us a little about your business and current bookkeeping needs. We will review the information and recommend the appropriate monthly package.