How We Use a Proactive Accounting Method to Help Service-Based Businesses

How we use a proactive accounting method to help service-based business owners. This includes digital marketers, online fitness coaches, SAAS, consulting, coaching, landscapers, contractors, and more.
Dylan Hendrickson
January 30, 2023

If you aren't sure what it is I do, this thread is for you

I own Sledge Accounting - we provide a year-round, proactive accounting solution to service businesses typically making between $72,000 - $2m per year in annual revenue

Here's what we do and how it helps them:

Bookkeeping:

Often when we onboard a new client, they've been trying to do their bookkeeping themselves or it hasn't been getting done at all

So the first thing we do is connect their business account to @Xero and clean/catch up on their books

This is also when we optimize their chart of accounts

(The categories that transactions get placed into)

From there, we start tracking and categorizing all of the income and expenses

Financial Statements:

We then use that data to generate financial statements. We typically do this monthly, quarterly, and yearly.

We can generate a variety of different reports, but most commonly we send out an Income Statement and a Balance Sheet

We'll also, at the client's request, meet monthly/quarterly to go over these reports to assess what's working and what could be improved upon

Payroll:

Payroll can get messy fast. I'm partnered with a local CPA firm to assist me with this

They specialize in payroll, have hundreds of payroll clients, and run payroll in all 50 states

They go hard

Our clients never have to speak with them. We gather the information we need, they tell us how many hours their employees worked, and boom. It's all handled

Payroll gets run on time and the payroll taxes are all handled and paid for you

Taxes:

The tax code is incredibly long and complex. To ensure our clients get the best return possible, I'm also partnered with a local tax firm

ALL they do is taxes. Their firm is literally called The Tax Company

My main partner at their firm is the founding accountant, who has over 30 years of experience, specializes in IRS tax court, and is an EA (federally authorized tax practitioner)

She goes hard

Since I'm working with our clients year-round, I know exactly what's been going on in their business

This makes the transition to the tax return very smooth and streamlined

We prep and file the client's personal and business returns

Tailored Advisory Services:

We also provide some advisory services

Such as a more in-depth monthly/quarterly meeting or forecasting projects

Consulting:

We provide unlimited consulting year-round

This might be one of the greatest value adds

Do you have a question? Unsure about something?

You message or call me and it gets answered. Swiftly. Easy as that

I'd never claim that I'm the best accountant in the world

I do believe, however, that I'm one of the most responsive and resourceful

How does this help business owners?

In short:

This provides them with clean financials to help them make better decisions, saves them money on taxes and staff costs, reduces coordination fatigue, and keeps them compliant with the IRS.

Tons of business owners go the entire year with no financial insights or info. Don't be that person

Nobody starts their business to spend hours every week worrying about accounting either (except me)

Get help with your weaknesses & double down on your strengths

If you own a service-based business

(Digital marketing, SEO, online fitness training, SAAS, consulting, coaching, contracting, landscaping, etc)

Shoot me a message or book a free strategy call with me through my Calendly link or website

https://calendly.com/sledgeaccounting/strategy-session

https://www.sledgeaccounting.com

How We Use a Proactive Accounting Method to Help Service-Based Businesses

How we use a proactive accounting method to help service-based business owners. This includes digital marketers, online fitness coaches, SAAS, consulting, coaching, landscapers, contractors, and more.