A bookkeeper stores your day-to-day transactions, revenue, expenses and more. A bookkeeper lets you know how the money flows in and out of your business. In a few words, a bookkeeper focuses on the micro part of your financial health.

Without organized books, you end up guessing the best way to maximize your deductions.

An accountant focuses on summarizing your transactions, helping you with tax planning, completing your tax returns and strategizing and forecasting your business’ health. In a few words, an accountant focuses on the macro part of your financial health.

Without an experienced accountant, you will not know the correct tax codes that allow you to maximize the growth of your business.

We use both cash basis and accrual accounting. When you speak with us on the phone, you can tell us what you need and want. It allows us to know which plan suits your needs.

It depends. We can get one year of your past year’s bookkeeping completed in 2 to 4 weeks. Click here to learn more about our catching-up service.

Of course. Regardless of how long you are behind on your books (months or years), we will get you up to date as soon as possible.

Once we receive all the necessary documents, it will take us up to 14 business days to complete your books.

And if you need to provide us with more documents for any reason, you can upload them inside our platform, and we will adjust your books accordingly. At that time, it may take us a few more days before we can complete your monthly statements, but we will let you know in advance if we need more time to complete your monthly accounting.

Your bookkeeper reconciles your bank accounts (merchant accounts), categorizes your transactions and generates financial statements. Then, under the guidance of their team managers, they will ensure that your books are tax compliant.

Your bookkeeper will contact you if they need clarification about certain transactions. However, since ecommerce is our cup of tea, most of the time the team manager will do most of the explaining on your behalf. This way, you enjoy investing your time in building your business.

Hiring a qualified bookkeeper on a full-time basis can cost $30 to $35 per hour or about $67,000 per year. In addition, it requires you to explain your business model and how itemization works. If you are not careful, you may not receive the maximum deductions your business needs. Worse, if your bookkeeper leaves, you have to re-explain your company, process and specifics to a new bookkeeper.

With ProfitYO, our passionate bookkeepers work under team leaders, an experienced tax specialist, and a senior certified public accountant (CPA) who manages over a billion-dollar corporation and many different industries.

Under the guidance of two veteran online marketers, specifically in ecommerce, you don’t need to re-explain your business model. We understand the ins and outs of the industry, so you can invest your time scaling your business while we work closely on your books.

Even if one of ProfitYO’s bookkeepers decided to work outside of our company, you would never have to experience any downtime because our staff members are fully-trained to catch up on your books – PERIOD.