Monthly Bookkeeping
The Monthly Bookkeeping service provides business owners with accurate month-end reconciled financials for management use and decisions. We will provide you with our financial advisory firm chart of accounts and will offer ongoing training with you on navigating efficiently through QuickBooks Online. We will provide you with customized financial reports for your review and will train you on creating and saving ad-hoc reports. Includes monthly communication with your assigned Bean Counter. For added support, see additional offerings.
Tier 1
< $100K in gross revenue and < 5 bank-type accounts
$149/MONTH*
$129/month* for XYPN members only
Tier 2
$100K - $250K in gross revenue and < 10 bank-type accounts
$199/MONTH*
$179/month* for XYPN members only
Tier 3
$250K - $500K in gross revenue. No bank-type account limit.
$239/MONTH*
$219/month* for XYPN members only
Tier 4
$500K - $1.5M in gross revenue. No bank-type account limit.
$289/MONTH*
$269/month* for XYPN members only
Tier 5
$1.5M - $2.5M in gross revenue. No bank-type account limit.
$329/MONTH*
$309/month* for XYPN members only
Tier 6
$2.5M+ in gross revenue.
No bank-type account limit.
Custom Quote*
*Plus one-time onboarding fee for new clients. Learn more about XY Planning Network membership. | Must meet revenue and bank-type account criteria to qualify for tier.
Pricing listed does not include $50/month fee for B/D Commission Income
Onboarding for new Monthly Bookkeeping Clients
For new Monthly Bookkeeping clients, a one-time onboarding fee will be assessed in addition to the first month of bookkeeping. The one-time onboarding fee is $397 retail or $297 for XYPN members. Note: the onboarding fee may be waived for clients who have gone through the New Firm Set Up & Training process.
This onboarding covers the following services: verification of QuickBooks settings such as: accounting method, address, tax filing information, partner information, and percentage ownership; set up or clean up COA; reconciliation of bank accounts from December 31 of previous year; verify payroll; review set-up and perform basic training with client; tie out tax balance returns if needed.
Welcome Package - XYPN Members Only
XYPN members with less than $50K in gross revenue and less than 4 bank-type accounts qualify for the introductory pricing of $89/month for their first year of monthly bookkeeping plus a reduced onboarding fee of $197.
New Firm Set Up & Training
The New Firm Setup & Training service will get you set up with a QuickBooks online account and a proper chart of accounts that is customized to your financial advisory practice. Then we'll get all of your financial accounts (Bank, Credit Card, Loans) into Quickbooks Online and train you how to navigate QuickBooks yourself (while you have time to do it). We'll also cover issues like "What falls under Software & Technology Expenses" and "What should I classify as Meals & Entertainment vs Advertising & Promotion?"
XYPN Members Only*
Welcome Package
$197
*XYPN members with < $50K in gross revenue
and < 4 bank-type accounts
Additional Offerings
Quarterly or Year-End Book Review
Bulleted review sheet; follow up call with a bookkeeper
Custom Quote
Book Clean Up
Bulleted summary sheet of major changes; follow up call with a bookkeeper
Custom Quote
Hourly Bookkeeping Consulting
One-on-one consultation with a senior-level bookkeeper
Custom Quote
1099 Tax Form Preparation
Preparation of 1099 tax forms for any non-employee individuals
Custom Quote
QuickBooks Discount*
New Quickbooks users with no existing Quickbooks files only. *Monthly Bookkeeping Clients Only
$25/month Essentials
$40/month Plus