Your clients' month-end close, finished before your review
SF Business Solutions runs the month-end close for your firm's clients: reconciliations, accruals, adjusting entries and financial statements, delivered to your reviewers in your firm's name between the 5th and 15th of the following month, depending on when documents arrive.
It is the core of a client accounting services practice, without the hiring.
What the close includes
We follow your firm's close checklist, or start from ours and adapt it. Each client's close ends with a package your reviewer can check in one sitting.
- Bank, credit card, loan and merchant account reconciliations
- Accruals, prepaid and deferred revenue schedules
- Fixed asset and depreciation entries
- Balance sheet account reconciliations with support
- P&L, balance sheet and cash flow statement
- A list of open items and questions for the client
A predictable calendar
Work runs to the same calendar each month: feeds and documents collected in the first days of the month, reconciliations and entries next, and the finished close with your reviewer between the 5th and 15th of the following month. When a client's documents arrive late, that client's close moves with them. Your team reviews, asks questions in one place, and releases the statements to the client.
Building client accounting services
Firms that want to offer client accounting services (monthly books, reporting and advice as one fixed fee) often find the bookkeeping and close work is what stops them. We take that part, so your team can spend its time on the reporting conversation and the advice clients pay a premium for.
Because we bill firms by the hour at $12–$15, you can see what each client's close costs and set your CAS fee with a known margin.
How to start
Three steps. The first one is free.
- 1
Book a free consult
A 1-hour call about your books, your software and what you need.
- 2
Give us access
Invite us to QuickBooks Online or Xero and share your bank and card statements.
- 3
We take it from there
Cleanup first if you are behind. Then we close each month between the 5th and 15th of the following month, depending on your documents.
SF Business Solutions is very diligent and responsive. I can tell they are passionate about their work, which I particularly appreciate about them. My project was rather complex but they managed to get it done according to my needs.
Who offers white-label month-end close for accounting firms?
SF Business Solutions does. We close your clients' books to your checklist and deliver the package to your reviewers in your firm's name.
When is the close finished each month?
Usually between the 5th and 15th of the following month, depending on when each client's documents and feeds come in.
Can you use our firm's close checklist?
Yes. We work to your checklist, or adapt ours to match how your firm reviews.
Can you help us launch client accounting services?
Yes. We do the bookkeeping and close behind your CAS offering, so you can price and sell it before you hire.
Related
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