Virtual Accounting FirmsWhat we will not put our name on

A useful practice is partly defined by the work it will not take. Here are the two we say first.

Read the refusal.
The card names a queue and a chat window as the thing this offer is not.

Payday stays where it is.

We set payroll up with you. The payday button stays in the system you already pay for. Paydays, filings that belong to that provider, and the button that sends the money are not our work. If a page near us sounds like we run payday, the page is wrong and you should call.

What we do touch is the result in the books. Wages land on the wage line. A draw does not. Contractor payments stay visible. If those lines are mixed, the return starts confused, and the confusion is older than the form.

Owners sometimes want one party to do all of it so they can stop thinking. The split is the protection. The provider runs payday because that is the system built for it. We keep the books honest about what payday did.

A signed cover is a different room.

Statements leave here without a signed cover. You can read the balance, the income, and a cash view that ties to the bank. If a lender or a buyer wants an examined report, a review, or a compilation, that signature belongs to a practice allowed to make it. Finished months can be handed to the signer. The signature itself is not ours.

Saying this in minute five is kinder than saying it in month two. You should know the limit before you tell a lender we will sign something we will not sign. The longer page on that limit is the disclosures page, and it is the same limit.

The return is still our conversation. So is a decision in October while the year can still change. Those are not signatures on a statement. They are the work of a Tax CFO sitting with the owner.

What absent should mean on anyone's page.

When you read another offer, look for the sentence about what they will not do. A page that only lists inclusions is a menu. A page that names a refusal is a boundary. Boundaries are how you avoid a bad month.

Mark the same test on us. If you cannot find the refusal, you have not found the practice. It is written here on purpose, in ordinary words, before any form asks for your name.

The list we keep off our name.

Audit work stays off. So does a review, a compilation, an examination of a forecast, and a procedure two parties agreed in advance. Any writeup that assures the statements belongs with a practice the law allows to sign it. If you need that signature, the lookup is the accountancy board in your state, and we point you there before a month starts.

Sending the money on payday is a second absence, for a different reason. Helping you set that up on a provider you run is the smaller line we will do. What stays with us is the file, the person, the close date, the payment date, and a clear line around the chores that remain yours.

October is why the date is worth saying out loud. A year can still be talked through while the months are closed. A refusal written down is how that talk stays honest.

Where to go from here.

Ask what we refuse.

A cover, a payday, or something else. Say which.

Steven Palmieri, Tax CFO

You will be talking to the Steven Palmieri practice.