The Monthly Bookkeeping service provides financial advisors with month-end, reconciled financials for management use and decision-making. Your assigned Bean Counter will work with you on a monthly basis to ensure that your transactions are accurately recorded. We will also help you navigate QuickBooks Online and teach you how to develop customized financial reports to obtain the information you need to run your business.
< $100K in gross revenue and < 5 bank-type accounts (Bank, CC, Custodian)
$135/month* for XYPN members only
$100K - $250K in gross revenue and < 8 bank-type accounts
$190/month* for XYPN members only
$250K - $450K in gross revenue. No bank-type account limit.
$230/month* for XYPN members only
$450K - $800K in gross revenue. No bank-type account limit.
$280/month* for XYPN members only
$800K - $1.5M in gross revenue. No bank-type account limit.
$325/month* for XYPN members only
$1.5M+ in gross revenue.
No bank-type account limit.
*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.
Onboarding for new Monthly Bookkeeping Clients
For new Monthly Bookkeeping clients, a one-time onboarding fee of $425 retail or $325 for XYPN members will be assessed. Our onboarding process includes: group training, review and modification of the chart of accounts, balance sheet review, four hours of book cleanup (cleanup exceeding four hours will be charged at $125/hour), and reconciliation of bank-type accounts.
New Firm Setup & Training
This service includes two sessions to get you set up with a QuickBooks Online (QBO) account and teach you how to get started keeping your own books. During the first (group) session, we will get your QBO account set up, link all of your bank-type accounts, and get you started navigating the system yourself. Then, after you’ve had some time to sharpen your bookkeeping skills, you can schedule your one-on-one session with a Bean Counter to help you with more advanced transactions and to refine both your understanding of QBO and bookkeeping principles.