FAQs
What makes us different?
Many of our
clients have started out by hiring someone straight out of Business School or
with an Accounting Degree, only to find that the financial reporting they
receive doesn’t tell them what they need to know in order to make timely and
profitable business decisions. Kept
Books Incorporated brings over 20 years of real world business experience to
each individual business it serves.
Because of this experience, each system is personalized to answer the questions of the business owner(s) and facilitate the manager(s) in making the best possible decisions in order to succeed. While a full-time controller can command an annual salary between $80,000.00 and $120,000.00, Kept Books provides service for a fraction of the time and cost of a full time employee.
Kept Books accomplishes this by implementing a system that is accurate while also being more efficient than most bookkeepers can manage. With each year, the systems get even more efficient, so that some Kept Books clients have seen a Decrease in their overall bookkeeping service expense, even while experiencing greater sales and profits and overall bookkeeping activity.
By adopting
the system that has been developed specifically by Kept Books,
there is less room for human error. The
Kept Books system includes careful checks and balances, yet always
with the goal of efficiency. Also, when
one bookkeeper leaves or goes on vacation, they are easily replaced or covered
by others trained by Kept Books as the system is internally recognizable by all Kept Books staff. Then the system is tailored to each clients specific business model and needs.
There is not the concern of having a lapse in service, as Kept Books keeps a full staff of fully trained bookkeepers to maintain our
client’s needs.
Why niche?
Kept Books president, Reilly McLaren has been focused on the Apparel Wholesale, Retail/Internet, Restaurant and Boutique Fitness and Complex Commissions Industries for 20 years. This became the niche for Kept Books early on because these industries regularly have what business owners feel is
high volume bookkeeping needs while needing flexibility, finesse and guidance from their accounting team as they navigate the many challenges they face while expanding. Because the Kept
Books system is so efficient and accurate, many business owners in
these industries have found that by working with Kept Books, their
overall bookkeeping expenses are kept down, while receiving timely and
accurate and exceptionally transparent financial statements.
What’s our track record?
The Kept Books team has helped many companies move through diligence
and be purchased by larger companies. If you are thinking long term, or just need a team to come in, clean up and present the books in the best light right now, Kept Books has a proven track record of helping clients be ready for major growth and investment offerings. Between 2015 and 2019, we have helped more than 15 business owners complete successful Equity deals. The team has also helped multiple companies "scale up" until an internal accounting team was warranted. Kept Books offers
professional, timely bookkeeping services that are affordable to and supports
the growing businesses it serves.
Are your bookkeeping needs
a good fit for Kept Books Service?
Our clients
typically have from 5 to 20 hours of staffed bookkeeping work per week. Staffed bookkeeping services include things
like entering and paying bills, creating and forwarding invoices to customers, receivable collections, payable management, cash flow, updating bank accounts, processing payroll, etc.
Can Kept Books help
with Audits, Investor Diligence, Specialized Reporting, Cash Flow and Projections?
Yes! To
date, Reilly McLaren along with the amazing staff of Kept Books Inc has supported several mid-sized companies in completing their first 5 year business plans, successful liquidating events and transition to large partnership Equity positions. Our clients books are
accurate and able to pass through diligence of many kinds.
Monthly and weekly reporting to owners and/or investors is part of our standard services and completed financials statements go out between the 10th and 15th of every month.
