Frequently asked questions
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HSP Accounting specializes in accounting services for service-based small businesses. Our standard $250 monthly accounting service is designed for businesses with fewer than 100 financial activities per month across all business accounts.
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Monthly accounting includes transaction categorization, bank and credit card reconciliations, month-end accounting review, monthly financial statements, year-end books organized and ready for your tax preparer, and accounting support. Your books must be current before monthly accounting services begin.
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Financial activity is the activity flowing through your business accounts that must be recorded, categorized, reconciled, or reviewed as part of your monthly accounting. This includes deposits, purchases, payments, transfers, payroll activity, and other activity appearing in your financial accounts. For pricing purposes, HSP Accounting looks at the total financial activity across all of your business accounts each month.
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You can still work with HSP Accounting. Complete our Get Started form. We'll need access to your accounting records so we can review your financial activity and determine the appropriate monthly price.
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You'll need to start with Accounting Cleanup before beginning monthly accounting services. Cleanup is billed at $150 per hour, with the first five hours ($750) paid upfront. Once your books are current, you can transition to monthly accounting services.
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Your initial $750 payment covers the first five hours of cleanup work. We'll begin reviewing, correcting, and updating your accounting records. If your books require more than five hours, we'll let you know before continuing with additional billable work. The initial five hours are a block of accounting time and do not guarantee that your cleanup will be completed within five hours.
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We work with QuickBooks Online and Xero. If you're not currently using one of these platforms, complete our Get Started form and we'll determine the appropriate next step.
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HSP Accounting focuses on accounting services, but we partner with a tax firm to provide tax preparation and tax support for our clients. We keep your financial records accurate, organized, and ready for tax time, and our tax partner handles the tax preparation.
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No. HSP Accounting does not process payroll. We record the appropriate payroll activity in your accounting system based on information from your payroll provider.
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No. Start by completing our Get Started form. We'll review your information and send you the appropriate next step. If your books are current and you have fewer than 100 financial activities per month, you may qualify for our standard $250 monthly accounting service.
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You can still get help understanding the financial side of your business. Join The Owner's Money Table, our free community for business owners where you can ask financial questions, learn more about your numbers, and get practical financial guidance from a CPA.
Still have a question?
We're happy to help. Send us a message and a member of our team will get back to you.