Small Business Monthly Bookkeeping

• NabbitIt™-managed QuickBooks Ledger account
• Secure client access to view your books and financial reports
• Bookkeeping for one business entity
• Up to 50 business transactions per month
• Up to two connected bank or credit-card accounts
• Monthly transaction review and categorization
• Monthly reconciliation of the accounts included in your plan
• Review of duplicate, uncategorized, or unusual transactions
• Monthly Profit & Loss statement
• Monthly Balance Sheet
• Brief plain-language monthly financial summary
• List of transactions requiring your clarification
• Year-end financial report package for your tax professional
• Reasonable bookkeeping questions by email

After your monthly bookkeeping is complete, you will receive:

• A monthly Profit & Loss statement showing your business income and expenses
  
• A Balance Sheet showing the business assets, liabilities, and equity included in your books as of the last day of that month
• A brief monthly summary
• A list of any transactions that need your clarification
• Confirmation that the accounts included in your plan have been reconciled

Your reports will be based on the information, transactions, and accounts provided to NabbitIt™.

QuickBooks Ledger is a streamlined version of QuickBooks designed for businesses with straightforward bookkeeping and financial-reporting needs.

It allows NabbitIt™ to connect your business bank and credit-card accounts, categorize transactions, reconcile accounts, and prepare financial reports.

The QuickBooks Ledger subscription is purchased and managed by NabbitIt™. The subscription cost is included in your $199 monthly service fee.

QuickBooks Ledger does not include customer invoicing, estimates, payment processing, payroll, inventory management, bill payment, or receipt-capture tools.

If your business needs those features, you may need a different QuickBooks plan purchased in your business’s name. Your Nabbit can help you determine whether Ledger is appropriate before your monthly service begins.

Yes. You will receive secure client access to your NabbitIt™-managed QuickBooks Ledger account while your monthly service is active.

Your access may allow you to:

• Connect your business bank and credit-card accounts
• Review your business transactions
• View your financial reports
• Provide information needed to complete your bookkeeping

Because NabbitIt™ is responsible for maintaining and reconciling your books, you should coordinate with your Nabbit before changing, deleting, or recategorizing transactions.

NabbitIt™ pays for and manages the QuickBooks Ledger subscription. Client access is available while your monthly service remains active.

Small Business Monthly Bookkeeping is designed for a business with:

• One business entity
• Up to 100 transactions per month (101-200 transaction: additional $75/month) If more than that we can discuss a custom quote. 
• Up to two connected bank or credit-card accounts (additional cards or accounts: +$25/month per account
• Cash-basis bookkeeping
• Primarily service-based income and expenses
• No complex inventory or job-costing requirements
• No need to create invoices or accept payments through QuickBooks Ledger

This service may work well for consultants, contractors, freelancers, home-service providers, solo business owners, and other small service-based businesses.

If your business has more transactions, additional accounts, payroll, inventory, sales-tax requirements, or more complex bookkeeping needs, your Nabbit will recommend a different service level or provide a customized quote.

Monthly bookkeeping covers transactions beginning with your agreed service start date. Historical cleanup and catch-up work are not included in the $199 monthly fee.

Current-Year Catch-Up can include:

• Categorization of eligible current-year transactions
• Reconciliation through the most recently completed month
• Review of duplicate, uncategorized, or incorrectly categorized transactions
• A list of transactions requiring your clarification
• An updated year-to-date Profit & Loss statement
• An updated Balance Sheet

Your books and transaction count will be reviewed before the flat rate is confirmed.

Payroll corrections, inventory reconstruction, sales-tax corrections, accounts receivable, accounts payable, missing records, prior-year cleanup, and extensively mixed personal and business activity are not included in the flat-rate catch-up service.

If additional work is required, you will receive a quote before any work begins.

Yes. If your business grows beyond the limits of the standard monthly plan, additional services may be added.

• Additional connected financial account: $25 per month
• Between 51 and 100 monthly transactions: additional $75 per month
• More than 100 monthly transactions: customized monthly quote
• Additional one-on-one QuickBooks or bookkeeping training: $75 per hour
• Prior-year cleanup: customized quote
• Complex cleanup or financial-record reconstruction: customized quote

Any changes to your monthly price will be discussed with you before additional work is completed.

After the final month of the year has been completed and reconciled, NabbitIt™ will prepare an organized year-end bookkeeping package.

Your year-end package may include:

• Full-year Profit & Loss statement
• Year-end Balance Sheet
• General Ledger or transaction-detail report
• Account reconciliation reports
• Summary of unresolved transactions or questions
• Financial reports you can provide to your tax preparer, accountant, or CPA

NabbitIt™ does not prepare or file tax returns. Your tax professional determines how the information in your books should be reported for tax purposes.

Small Business Monthly Bookkeeping does not include:

• Tax preparation or tax filing
• Tax, legal, investment, or financial-planning advice
• Payroll processing or payroll-tax filing
• Sales-tax preparation or filing
• Customer invoicing or collection services
• Accounts payable or bill payment
• Inventory management
• Receipt capture or receipt-management services
• Loan applications or certified financial statements
• Bookkeeping for additional business entities
• Historical cleanup unless purchased separately

Additional services may be available for a separate fee after your business’s needs have been reviewed.

1. Purchase Small Business Monthly Bookkeeping.
2. You will receive an email with the next steps and available onboarding times.
3. Meet with your Nabbit to discuss your business, accounts, income, expenses, and bookkeeping needs.
4. Your Nabbit will confirm that QuickBooks Ledger is appropriate for your business.
5. NabbitIt™ will create your managed QuickBooks Ledger account and provide your secure client access.
6. You will connect the bank and credit-card accounts included in your plan.
7. Your Nabbit will begin organizing and maintaining your business books.

If catch-up or cleanup work is needed before monthly bookkeeping can begin, your Nabbit will explain what was found and confirm the additional price before beginning that work.

You may cancel your monthly bookkeeping service at any time before your next billing date.

NabbitIt™ will complete the bookkeeping covered by your final paid service period and provide your available financial reports.

Because the QuickBooks Ledger subscription is purchased and paid for by NabbitIt™, your access to the managed Ledger account will end when your monthly service and paid subscription period end.

Before the account closes, you may receive copies of your available financial statements and bookkeeping reports.

If you want to continue using QuickBooks independently, NabbitIt™ can help you review available transition or upgrade options. Any future QuickBooks subscription and related costs will be your responsibility.