faq
Outsourcing lets you spend less time on non-revenue generating activities and more time focusing on your core business. Additionally, you no longer waste time hiring bookkeepers who may or may not do the job correctly, and who may or may not stay with your company for the long haul.
On the Money provides a team of highly qualified bookkeepers and accountants to keep your financial needs on track. We’re experts at accounting so you don’t have to be. We provide you with timely and accurate financial information, freeing up your time to grow your business.
For starters, we’re not at all like other outsourced accounting firms. Most accounting firms look to see whether the prospect has a certain amount of revenue or large numbers of employees before they’ll consider providing any bookkeeping services. For us, it’s a lot more personal. If you’d prefer to work with accountants who look beyond the numbers, who serve as trusted advisors focused on bringing you financial information and insights for greater success, then let’s talk!
Absolutely not! We work collaboratively with your CPA or Enrolled Agent, providing them with timely and accurate information with which to prepare your income taxes. Our goal is to be available to help you 12 months of the year, and not be a distraction at tax time. If you do need income tax help, we know some great tax preparers and are happy to refer you to several suited for your industry.
In most cases, yes! Desktop accounting programs will be very limited in scope and support in a few short years. And while there are some businesses that are too complex to use the online software developed to date, most businesses will benefit from streamlining day-to-day accounting processes as a result of cloud-based programs. If you do require a more complex software for your business, there are still options for accessing that software from the cloud. Ask us for details.
At On the Money, we have a team of bookkeepers and accountants, and we pride ourselves on our ability to team up the right accountant with each client. Your accountant team member is dedicated to you and your business.
Yes to both. We often implement bill paying through your bank or can set up bill-pay software, making it easy for us to process payments and for you to approve those payments. We can set up invoices in your software and send them out as directed. We also follow your accounts receivables and can alert you to outstanding payments.
For some reason, clients just hate to fill out sales tax forms! We gladly take away this stress and file those tax returns in a timely manner.
No, we leave that to other experts. Payroll regulations change so frequently that we recommend hiring a payroll service. We can connect you with the right source for your business, saving you money and stress.
Most of our clients use some version of QuickBooks, and we recommend QuickBooks Online. Each of our team members is certified in one or more versions of QuickBooks. We’re also familiar with other software – just ask us!
Outsourcing to On the Money is typically a much more value-added, cost-effective alternative to hiring and paying for an in-house accounting staff. Our monthly fee is shared upfront and is based on the scope and complexity of your business needs. With an established monthly fee, you can better manage your monthly budget.
Our fees further reflect our strong commitment to partner and help you succeed. So you can always reach out without fear that the meter’s running every time you pick up the phone. Additionally, the peace of mind that your books are correctly managed by On the Money and up to date is priceless and far less expensive than having to pay to have them fixed.