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 25 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 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, utilizing automation and all available tech solutions as they become available, 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 because the system is internally recognizable by all Kept Books staff. The system is tailored to each clients specific business model and needs.
There is not the concern of having a lapse in service - Kept Books keeps a complete staff of fully trained bookkeepers to maintain our
client’s needs, all working within the United States.
Why niche?
Kept Books president, Reilly McLaren has focused on the Apparel Wholesale, Retail/Internet, Restaurant, Boutique Fitness and Personal Injury Law industries for over 25 years. It was clear early on that these industries regularly have a high volume of bookkeeping tasks while needing flexibility and guidance from their accounting team as they navigate the many challenges they face while scaling. Because the Kept
Books system is so efficient and accurate, business owners have found that by working with Kept Books, their
overall bookkeeping spend is low, while still receiving timely, accurate and exceptionally transparent financial statements.
What’s our track record?
The Kept Books team has helped many companies move through diligence
and successfully close large equity deals. 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. The team has also helped multiple companies scale until an internal accounting team was warranted. In the right circumstances, staff placement and recruiting services can also be provided.
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 transitioning 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.
