Frequently Asked Questions
Faq's
At MyT Financials, we serve a diverse range of industries, including retail, transportation, healthcare, and construction. However, our primary focus lies on the latter two sectors: construction and healthcare. Leveraging my extensive background in healthcare, which includes ten years of managing nursing homes and a master’s degree in health administration, I possess a profound understanding of the intricacies within the healthcare industry.
Similarly, my four years of experience running my own business in the service industry equips me with valuable insights into the dynamics of the construction sector. Additionally, I have hands-on experience in bookkeeping specifically tailored to meet the unique needs of construction companies.
At MyT Financials, we offer a comprehensive concierge service for bookkeeping tailored to meet the unique needs of your business. Our core services include:
- Transaction categorization
- Reconciliation of bank accounts
- Reconciliation of credit cards and loans
- Preparation of detailed reports
- Monthly meetings with the business owner to review reports
- Accountant communication in preparation for taxes
In addition to these fundamental services, we also offer the following add-ons:
- Payroll management
- Invoicing
- Receiving and sending payments
- Receipt management
- Budgeting
Our commitment is to adapt our services to best suit your business requirements and ensure a seamless financial management experience.
MyT Financials offers a fixed-rate monthly price so you don’t have to worry about running up the clock when you have a question. We require a monthly meeting after financials are done to analyze the financials together and help you understand what is going on with your money. MyT Financials offer a concierge service where you get what you need and don’t have to pay for extra unnecessary tasks.
Internal bookkeepers can cost as much as or more than $3000 to have on salary. With an external bookkeeper, there is a fair monthly fee which can be budgeted for. Also, for checks and balances, having an outside resource is very beneficial. If money is being embezzled by an internal source, it can be caught as the reconciliations are done.
Yes, I offer payroll as an add-on to monthly bookkeeping.
My rates depend on a number of factors including number of accounts connected to Quickbooks Online, Number of Transactions, and what services are requested, call for pricing!
Absolutely not! About half of my clients are outside of Idaho. With Zoom and Google Meet, we can virtually meet to get started and have our monthly reporting.
