What We Do for You
Each of our Clients’ bookkeeping needs are unique to that Client. While we do not follow a “Cookie Cutter” plan for all of our clients, there are some similarities across the board. We’ve adapted a Skeleton Plan below that is then customized to fit each Client’s needs. We have built in a variety of checks and balances to ensure accurate financial information.
Weekly Touch
This is a Paragraph. Click on "Edit Text" or double click on the text box to start editing the content.
Once a week, a Book Werkz Team Member logs in to QuickBooks. Our first step is to review and classify any transactions in the Bank Feeds. If we don’t know how to classify the expense, we will reach out to you and ask for guidance. We match all of the payments you have received from your clients to the deposit recorded in your bank account. At this time, any payroll that needs to be manually entered into QuickBooks will be recorded. We will also go into AxisCare to ensure all invoices and payments for that week were properly synced. We will not modify anything in AxisCare without your written permission!
Month End Closing
At the end of the Month, before Royalty Reports are sent to AFI, we will reconcile any bank and/or credit card accounts you have. Post reconciliation, we review QuickBooks to make sure all transactions in that month were cleared during the reconciliation. This helps to eliminate duplicate expenses, invoices, or customer payments. We run a billing report in AxisCare and compare it to your revenue recorded in QuickBooks. If there is a discrepancy, we will identify the client and report the discrepancy to you. We will work together to ensure both AxisCare and QuickBooks match and more importantly, are accurate. Royalty Reports are then generated, sent to AFI, and Royalty Expenses are booked. Book Werkz generates a Profit & Loss Statement, a Balance Sheet, and a transactional detail report in Excel for your review. You have the option of having a monthly financial review meeting with us every single month.