What is cloud accounting?
Tullis Consulting & Financial Services LLC (TCFS) is fully cloud based accounting, tax and payroll firm. Cloud accounting is term used to describe the accounting process done virtually (or nearly virtually). We used cloud based accounting software programs (Xero and Quickbooks Online) instead of disks installed on the computer, email and web based client portals instead of snail mail and file cabinets, apps to capture receipt images instead of keeping paper receipts, automation tools to automatically gather invoices, bills and statements and more. Cloud accounting is better, faster, cheaper accounting. You'll work more efficiently, spend less money and get better service with our firm.
The role of a bookkeeper is to record transactions. Our weekly bookkeeping service turns a tedious and annoying process into a simple and stress free experience! We record all your checks, charges, invoices, bills, receipts, transfers and other business transactions in Xero or Quickbooks Online for you! Each bookkeeping client has free unlimited cloud storage and we organize and file your documents and financial records in the cloud safe from fire, flood, theft and misplacement. As a client, you'll be able to upload your receipts via your smart phone so you can throw away all that paper. Every month you'll receive a Monthly Management Report that includes your balance sheet, profit & loss statement, aging accounts payable report and aging accounts receivable report. No need to purchase accounting software because we provide it free for new clients!
Starting at: 299/month
- Weekly bookkeeping
- Monthly financial reports
- Cloud based accounting software
- Virtual document management
- Receipt management app
- Expense reporting and tracking
What not included: bank reconciliation, monthly accounting, tax work, ongoing consulting, CFO services
Accounting & Tax Package
The role of an accountant is to report numbers so the story they tell is revealed. As your dedicated accountant we're on call 24/7 to provide expert accounting advice, answer your questions and reply to tax related inquires from the IRS or state. We perform your monthly bank reconciliation, maintain your general ledger in accordance with Generally Accepted Accounting Principles (GAAP) track and report accruals, adjustments and prepayments and perform other accounting functions. Your business state & federal tax returns and sales and use tax returns will be prepared and filed on time every time and we'll also prepare and file up to 2 owner's personal tax returns for no extra charge.
Starting at: 899/month
- Monthly bank reconciliation
- General ledger maintenance
- Financial statements
- Sales tax filing and reconciliation
- Fixed asset & inventory accounting
- Business state & federal tax return filing
- Tax payments made on your behalf
- Owner's personal state & federal tax return
- Business tax planning, business tax resolution, recommendations on tax credits and tax savings
What not included: bookkeeping, accounting software, CFO services
Virtual CFO & Business Advisor Package
The role of a Chief Financial Officer (CFO) is to help your business grow. While your bookkeeper records numbers and your accountant tells the story of your numbers, a CFO uses the numbers to make strategic proactive business decisions to help you see down the rode. We'll prepare your business operating, department and capital budgets, produce cash flow projections, key performance indicator (KPI) reporting and expense analysis.
Starting at 1500/month
- Annual operating budget/capital budget
- Cash flow projections
- Cash flow management
- Standard and custom KPI reporting
- Scenario planning