How it works
We set-up your account
Every business is unique. We will learn about your needs during our onboarding call and gather everything to keep you on track. Then, we will set up your secure portal login and provide you with unlimited access to a bookkeeper team.
We handle your bookkeeping
Your bookkeeper works diligently on your book, itemized each business transaction, and prepares your financial statements — We will follow up, ask questions, and work with you closely on your book.
We deliver Tax-Ready Statements
Every month, we will deliver your financial statements, including profit and loss, balance sheet, and cash flow statements. By the year-end, you will also receive a tax-ready financial package for you to file.
“Unlimited Bookkeeping Support.”
With ProfitYO, our mission has always been to serve you. You will have unlimited support from real people who understand your bookkeeping needs.
- Onboarding calls. —Â We will carefully understand your business, collect all the data we need, and provide you with constant updates from time to time.
- Your dedicated team of bookkeepers. — You will have direct access to the team manager for any questions and any reasons — Message us or schedule a call from our platform.
- Schedule a call with your bookkeeper team. — It can be about your monthly accounting or your year-end financial review — We are here for you.
“Unmatched Accuracy Report”
Say “Good-Bye” to Tax Time Stress
Whether you work with one of ProfitYO’s CPA partners or do the filing yourself, you will receive tax-ready financial statements. If necessary, we can communicate directly with your CPA via our platform.
Say “Good-Bye” to Tax-Related Questions Stress
With our premium plan, you can message our CPA partner about any tax-related questions. It could be as simple as deducting the mileage on your car. We got you covered.
Say “Good-Bye” to Do-It-Yourself Financial Statements Stress
You upload your documents, historical data, bank statements. We will reconcile the files for you — No more accounting software learning pain.
“Unlimited Support from
ProfitYO’s CPA Partners”
Have tax-related questions?
Need to file another corporation?
Got a letter from IRS?
Need us to represent you in front of the IRS?
We’ve got you covered. With our pro plan, you can communicate directly with our CPA partner via our in-app messaging system. You can even schedule a zoom session to strategize your tax — Easy peasy.
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“Done-for-You: Coordinate with your accountant or ProfitYO’s CPA partner. We will guide you with sales tax compliance.”
We can work with your accountant or our CPA partner. The choice is yours. With our pro plan, you can track your inventory, receive unlimited tax advice, get your payroll expenses calculated properly, and even have our team file your tax for you.
You will even say “good-bye” to tax headache forever — PERIOD.
Frequently Asked Questions
No limit. It can be about a new tax code, a letter from the IRS, how you should incorporate your business or advice on the right way to maximize deductions or reduce your taxes. ProfitYO’s CPA partner will usually get back to you in one business day.
Yes, you can use our platform to communicate directly with one of our CPA partners whom we assigned to you. You can then communicate with your CPA partner to create your strategic planning for reducing taxes. Your bookkeeper will receive direct guidance from both a team leader and your assigned CPA.
Unfortunately, we don’t service non-profit organizations.
Personal and corporation filings are included in the pro plan. Our CPA partner can file a personal income tax as part of the add-on service when you have more than one shareholder on an S-Corp, C-Corp, or partnership.
No, we don’t file your taxes directly. Instead, ProfitYO works closely with our firm’s CPA partners to file your taxes for you, especially when you opt for our pro plan.
Do remember that we are very proactive in meeting deadlines. This means that once your bookkeeper completes the year-end tax financial package, one of our CPA partners looks carefully to make sure no deduction was forgotten.
Before filing your taxes, ProfitYO’s CPA partner will reach out to you to get your approval. Then, the CPA will file your taxes and pull funds directly from your account to pay the taxes. Yep, it is stress-free.
Absolutely. Once you have access to ProfitYO’s platform, you can authorize your accountant to communicate with us directly. Your accountant can then communicate directly with our bookkeeper team leader for any request via in-app messaging or requesting a scheduled call.
Having updated books allows you to maximize deductions. It enables you to see your business’s health, expenses and profit for each month.
When you don’t have a clear picture of your financial health, you end up paying too much on your taxes. For example, say by the end of November, you have a net profit of $50,000. If you have updated books, you can reduce your taxes by buying inventory for your ecommerce business or computer equipment ahead of time. If you don’t have the books correct, you may end up paying taxes on a $50,000 profit. Of course, this is one of the few examples we use to reduce your taxable income.
Unfortunately, we don’t offer those services. However, we will be more than happy to provide you with referrals.
Yes, we do. You can request our tax reduction specialist add on a specialized request for payroll services during your onboarding call.
Yes, we do. You can request our tax reduction specialist add on a specialized request for accounts payable and accounts receivable during your onboarding call.
Yes. You can request an add-on customized service that fits your needs during your onboarding. We can break out the revenue and cost for every product you have for each platform you sell – We will accommodate your special requests.
Yes, we can. Speak with one of our welcome specialists and ask about your special add-on request. Our pro plan can break down the various fees from different platforms and merchant accounts on your P/L statement.
With our pro plan, you can request an add-on service to make inventory updates, whether monthly, quarterly, bi-yearly or annually, on your financial statements. We also use FIFO and LIFO inventory accounting methods to maximize your deductions.
Most ecommerce sellers use Shopify, Amazon, Walmart, WooCommerce, Magento, BigCommerce, Etsy and eBay. However, we are also aware of new and upcoming platforms, such as Square Online, GoDaddy, Shift4Shop, GrooveKart, Gearbubble and Wix.
We will study them intensely to know the ins and outs of the system. This way, we know how to serve you better when you start scaling your business to other platforms.
No. There will never be any surprise auto-billing. We only collect your payment information when you decide to keep us as your bookkeeper.
After you sign-up, you will automatically receive a scheduler to arrange a call with one of our bookkeeping experts. We will provide you with access to our platform and gather any information to complete your account set-up on this call.
Once we have everything set up, we will complete your one-month books in a few days. Then, our bookkeepers will reconcile your accounts, categorize your transactions and provide you with financial statements, including a balance sheet, cash flow statement and an income statement.
Then, we will speak on the phone to review your books together. During this call, you can ask us any further questions before you decide to use us as your bookkeeper.
You will receive one prior month of bookkeeping services during your free trial. You’ll also receive an onboarding call with our expert team. It includes a tour inside our platform, upload of your bank (credit card) statements and communication with your dedicated bookkeeper.
Whether you decide to continue working with us or not, your monthly report is yours to keep.
ProfitYO serves primarily small and medium-sized businesses. Our clients vary from spas, hotels, retail stores, e-commerce stores, SAAS, digital agencies, freelancers, product creators, coaches, or consultants.
Yes, we support international companies that own a business in the United States. However, we suggest you schedule a call with one of our welcome specialists to see if we can assist you. PLEASE NOTE: We can only provide tax filing services for companies that started in the United States.
Absolutely. When you are inside the platform, schedule a call at any time. We will be more than happy to speak with you on the phone – Yes, you always receive unlimited support anyway.
No limit. Just ask away inside our platform. Your bookkeeper team leader will usually get back to you in one business day. Often, we will get back to you the same day.
Absolutely. We understand that any business experiences circumstances and sudden changes. We will work together to ensure that you choose the right subscription that works for you.
You can access your financial data inside our platform for up to 30 days. After 30 days, we discard the data. If you need us to destroy your data after the cancellation, please feel free to contact us at any time.
Of course. We also make downloading your financial data from our platform easy.
We will walk you through the different types of pricing that best fit your needs during your free trial.