Accounting

Accounting is bookkeeping's bigger sibling: accrual-basis records, GAAP-ready statements, and reporting built around the decisions you're actually trying to make — hiring, financing, pricing, or selling. Where basic bookkeeping answers "what happened," accounting answers "what does it mean and what should I do next."

Accrual vs. cash — why it matters

Cash-basis books record revenue when cash lands and expenses when it leaves. That's fine for a lemonade stand, but it hides reality for anyone carrying inventory, billing on terms, or subscription-billing in advance: a profitable month can look like a loss, and a cash-rich month can be hiding unpaid obligations.

Accrual accounting records revenue when it's earned and expenses when they're incurred. It's what GAAP expects, what lenders underwrite from, what investors model on, and what makes your numbers comparable period to period. If you're preparing for any of those conversations, cash-basis books are working against you.

What's included

• Accrual & GAAP-ready reporting — revenue recognition, prepaid expenses, accruals, and depreciation handled properly, every month.
• Custom financial statements — built around your decisions: cohort margins, program-level profitability, department splits, or whatever view your board or bank actually asks for.
• Balance-sheet reconciliation (full close) — every balance-sheet account tied out monthly, because that's where quietly-wrong numbers hide.
• Cash-flow reporting, forecasting, and projections — 13-week and annual views. (Start with our guide: why the 13-week cash flow forecast matters.)
• Inventory accounting — for product businesses, COGS done properly rather than estimated.
• A month-end advisory session — your dedicated team walks you through what changed, what it means, and what to watch next month.

How it works day to day

Everything in Bookkeeping is included — daily entry, weekly matching, the close by the 5th business day, the quality review — plus the accrual layer on top. At onboarding we rebuild your chart of accounts to support the reporting you need, convert prior periods to accrual where it matters, and set the reporting calendar. You get the same 24/7 dashboard with the deeper statements alongside.

What it costs

Accounting rides our upper tiers: it's included in Premium (managed bill pay + payroll + accounting-grade reporting) and full accrual with inventory and forecasting lives in Business Professional. At the ~$25k/month expense tier that's $675/mo and $900/mo respectively — see the pricing table for every tier, and the 2-months-free annual option.

Who it's for — and who it isn't

Built for businesses preparing for financing or investment, running on thin margins where timing matters (SaaS and e-commerce especially — see SaaS and e-commerce), or simply outgrowing cash-basis simplicity.

If you're not ready for accrual but want your books kept current and trustworthy, plain Bookkeeping is the better starting point — upgrading later is a settings change, not a project.

Accounting questions, answered

Do my old reports get restated? Where it changes decisions, yes — we convert prior periods so your trends are comparable. We'll tell you honestly when it doesn't matter and isn't worth the effort.

Does this replace my CPA? No — and it's not meant to. We keep your books accurate and GAAP-ready; your CPA does tax strategy and filings. Clean accrual books usually make their invoice smaller. See Do you handle taxes? for the division of labor.

Can you support multiple entities? Yes — consolidated and entity-level reporting are part of the Business Professional close.

Where to go next

• Need the foundation first? Bookkeeping.
• Cash flowing weirdly while revenue grows? Read the 13-week cash flow forecast guide.
• Drowning in last year's backlog before you can do any of this? Catch-Up Bookkeeping.