Capex CPA is a modern accounting firm that uses cloud and artificial intelligence technology to streamline accounting processes for its clients. We are staffed by certified CPA and ACCA professionals who are also experts in various cloud-based accounting software, such as QuickBooks, Xero, Dext, Hubdoc, ADP, and Wagepoint. Our goal is to help our clients experience a relaxed and stress-free experience, knowing that their tax and regulatory compliance is in good hands. We offer a free trial period to help clients experience the benefits of working with Capex CPA, and we use Karbon software to provide a superior client experience. Additionally, we are involved in shaping the future of the industry as thought leaders on the Karbon council.

Proper accounting practices can have a significant impact on your bottom line, as it helps to ensure that your financial records are accurate and up-to-date. This, in turn, can help you make informed business decisions and identify areas where you can improve your operations or reduce costs. Some specific ways in which better accounting can affect your bottom line include: identifying areas of overspending or inefficiency and making changes to reduce costs and increase profitability, staying on top of tax obligations to avoid penalties and fines, securing financing or investment by presenting an accurate picture of your financial health, and making informed decisions about pricing, sales, and marketing strategies. In short, good accounting practices can help you better understand your financial situation and make strategic decisions that can improve your bottom line.

Monthly accounting can provide a clearer and more up-to-date picture of your financial situation, allowing you to address issues or concerns more quickly and efficiently. It can also help you catch mistakes or errors more quickly and provide more opportunities for you to ask questions and seek guidance on financial matters. In the long run, it may also be more cost-effective by helping you identify and address potential issues before they become major problems.

Pricing for our monthly accounting services varies by your company’s needs. It is not based on the size of your company, rather your company’s accounting activity and the complexity of your financial statements.

We will work with you to arrive at an affordable, fixed monthly fee. These fees are all-inclusive; services provided include:

1. Profit and loss statements

2. Balance sheets

3. Bank reconciliation

4. Business tax work

5. Sales tax filings

6. Audit representation

7. Unlimited consultations

Our customer service sets our firm apart. We make it our priority to reach out to clients on a consistent basis because we care about the success of your business. Our experienced team of accountants also provide proactive business advice and tax planning, allowing you to maximize your profits.

Our monthly accounting process starts with receiving your source documents. Our staff compiles the information and reports back to you with a profit and loss statement, balance sheet, and general ledger. These monthly financial reports are presented in digital or hard copy form and become the foundation for our monthly conversations.

There are several potential benefits to choosing a monthly accountant over less frequent methods of accounting. First, more frequent accounting can provide a clearer and more up-to-date picture of your financial situation, which can help you make better-informed business decisions. Additionally, with monthly accounting, you can address issues or concerns more quickly and efficiently, rather than waiting for a quarterly or annual review. Monthly accounting can also help you catch mistakes or errors more quickly, as they are identified sooner rather than later. Working with a monthly accountant can provide more opportunities for you to ask questions and seek guidance on financial matters, and it can also be more cost-effective in the long run by helping you identify and address potential issues before they become major problems. Overall, choosing a monthly accountant can provide greater visibility and control over your financial situation, which can be beneficial for businesses of all sizes.

We primarily use two systems: Xero and QuickBooks Online. That being said, we will work with other systems depending on your preferences and needs.

As your business expands, your financial needs and concerns are going to be dramatically different than they were even a year ago. There are three tell-tale signs you’ve outgrown your firm:

1. They can’t help you borrow money or expand your business

2. They can’t provide advice for your business plan or expansion goals

3. They file something incorrectly because it was too complex

If your business is too small to hire an in-house accountant or you simply don’t have the desire to do it yourself, you should consider outsourcing the task. While QuickBooks is used by many small business owners, the software can be more complicated than first realized. By outsourcing your accounting, you free yourself to focus on other aspects of your business.

Transitions are tricky, but preparing your business to switch to an outsourced accountant doesn’t have to be hard.

• Make your new financial partner is a good fit

• Plan ahead and be sure to budget enough time

• Set goals

• Be mindful of potential obstacles