Expert Accounting
For Bridal Success

Maintenance of Financials in QuickBooks

Bookkeeping: Categorization

Quarterly

Weekly

Bookkeeping: Reconciliation

Quarterly

Monthly (by the 15th)

Payroll Posting Detail payroll posting helps with compliance and controls against payroll processing errors. It includes a comprehensive breakdown of wages, taxes, benefits, and deductions per paycheck for precise tracking and reporting. This allows for accrual-based reporting, department or owner breakdowns, and other payroll analyses in QuickBooks. Simple payroll posting posts payroll remittances directly to QBO on a cash basis.

Simple

Detail

Accounting Basis

Cash Basis Only

Cash Basis or Accrual

Accrual Adjustments Monthly accrual adjustments for bridal shops typically involve journal entries related to inventory and/or customer deposits. We assess revenue recognition and inventory treatment for all new clients to determine needs.

Year-End Close Review Call A face-to-face meeting to address any outstanding issues and questions before we finalize your year-end books. Once everything is settled, we deliver an accounting package for your CPA to use while preparing your tax returns.

Year-End Accounting Package For CPA Summary notes documenting significant findings, resolutions, recommendations, and adjustments to facilitate accurate and efficient tax preparation by your CPA. Delivery date depends on service level and entity type (tax deadline).

Extension Deadline

Priority Deadline

Profit & Loss

Quarterly

Monthly

Balance Sheet

Quarterly

Monthly

Custom KPI Dashboard We maintain a customized visual dashboard in Fathom to track key performance indicators, providing actionable insights into your business's financial health and performance.

Profit Benchmarks Report We select benchmarks relevant to your business and the bridal industry, providing a monthly report to track performance.

Monthly

Health Check Report A monthly comprehensive assessment to identify items requiring action, attention, or areas of concern, providing peace of mind.

Monthly

Payroll Reconciliation & Open Issues Report Recommended for companies with W2 employees to increase compliance and reduce audit risk. Reconciling payroll with federal and state payroll tax filings helps minimize audit risk and simplifies audit responses. Detailed payroll report reconciliation allows us to identify discrepancies early and suggest corrective actions, ensuring compliance with regulations and maintaining employee trust.

Monthly

Financial Insights Review Call A one-on-one call to review your Financial Insights Reporting, addressing questions, providing clarification, and making course corrections as needed.

Quarterly

Client Portal Your dedicated client portal streamlines and stores all financial communications, files, and reports in one convenient location.

Group Coaching Unlock the Bridal Profit Accelerator, our exclusive on-demand educational program tailored for bridal retail. Join monthly group sessions with a bridal business expert to address your financial concerns and develop strategies in real-time.

Bookkeeping Support

Quarterly

Dedicated Senior Accountant Your account is managed by a highly trained Senior Accountant who specializes in the bridal industry. They carefully review your finances and respond personally to your questions. For complex issues, they leverage the collective expertise of our firm.

Quarterly

Technical Support Assistance with relevant financial systems and software to ensure smooth and efficient operation of your accounting processes.

Quarterly

Dedicated Financial Analyst Your Dedicated Financial Analyst specializes in data-driven business decisions and has in-depth knowledge of the bridal industry. They answer questions related to your monthly Financial Insights reporting and analytics package, as well as quarterly one-on-one calls.

Dedicated Business Coach One-on-one financial coaching with Ingrid Heilke to boost your bridal store's profitability and growth. We begin with a Profit Assessment to understand your financial position, then tailor our approach to your vision and goals. Together, we navigate the bridal industry's unique challenges and opportunities for greater financial clarity and profitability. This coaching is for clients ready to take their business to the next level.

Available as add-on

Detailed Payroll Reconciliation

Not Available

Already Included

Payroll Processing Ensure your employees are paid accurately and on time, building trust and confidence. We handle all aspects of payroll processing for your business, including detailed reconciliations and timely filings with federal and state tax authorities. This reduces audit risk and ensures compliance with regulations, so you can focus on running your business.

Not Available

Available

Sales Tax Filing: Single State

Not Available

Available

1099 Filing Accurate and timely preparation and submission of your 1099 forms, ensuring compliance with IRS and state guidelines. This service manages reporting payments to freelancers and contractors paid over $600 in cash or cash equivalents.

Not Available

Available

Multi-Class/Multi-QBO Accounting support for multiple stores and business entities.

Not Available

Available

BridalLive-QBO PO/Bill Integration Reconciliation Monitor purchase orders and bills synced from BridalLive to QuickBooks Online at a transaction level. While this is not a full bill-pay service, it provides valuable oversight if you're using the BridalLive-QBO integration for bill payments. This add-on helps identify and correct discrepancies managed by your in-house bookkeeper.

Not Available

Available

Bill Pay Services We manage your bills in QuickBooks Online, handle payment approvals, and ensure timely, accurate payments. The initial setup includes routing vendor bills to QBO and accessing vendor portals to facilitate payment processing.

Not Available

Available

Profit Coach Advisory One-on-one financial coaching with Ingrid Heilke to boost your bridal store's profitability and growth. We begin with a Profit Assessment to understand your financial position, then tailor our approach to your vision and goals. Together, we navigate the bridal industry's unique challenges and opportunities for greater financial clarity and profitability. This coaching is for clients ready to take their business to the next level.

Not Available

Available

Profit First Jump Start A cash management tool for achieving greater financial clarity, increasing owner pay, and boosting profitability in a predictable manner. It helps overcome challenges like seasonality, inventory budgeting, and payroll planning.

Not Available

Available

Financial Insights Call Traditional quarterly review of P&L and balance sheet to address any accounting-related questions. This review focuses on accounting and is not intended for questions about business profit and growth.

Not Available

Already Included