Essential

Our most popular option for businesses with straightforward operations who want consistent bookkeeping, clear financial visibility, and ongoing support when questions come up.

What’s included:

• Categorization of income & expenses
• Reconciliation of all business accounts
• Monthly Financial Reports
• Monthly Financial Summary Email (a high-level view of your finances, at a glance)
• Invoice payment matching & deposit reconciliation
• Loan reconciliations
• Billing integration management  
• Check & Deposit Image archiving
• Payroll Provider Integration Support
• Secure client portal & mobile app for collaboration
• Direct access to your bookkeeper for ongoing support
• Year End Reports & Tax Package 

Scope:
Up to 5 business accounts

Investment:
Starting at $500/month

Final pricing is based on business complexity, transaction volume, and number of accounts managed.

Full Service

Designed for businesses with more complex operations who want deeper support and streamlined financial workflows.

What’s included:

• Categorization of income & expenses
• Reconciliation of all business accounts
• Monthly Financial Reports
• Monthly Financial Summary Email (a high-level view of your finances, at a glance)
• Invoice payment matching & deposit reconciliation
• Loan reconciliations
• Billing integration management  
• Check & Deposit Image archiving
• Payroll Provider Integration Support
• Secure client portal & mobile app for collaboration
• Direct access to your bookkeeper for ongoing support
• Year End Reports & Tax Package

Enhanced Support Includes:

→ Receipt management and organization 
→ Annual 1099 tracking and filing support
→ Expanded account coverage for more complex structures

Scope:
Up to 10 business accounts

Investment:
Starting at $700/month

Final pricing is based on business complexity, transaction volume, and number of accounts managed.

Bookkeeping Set Up

Setting up your books isn’t just about software—it’s about building a financial system that actually supports your business.

At Elmwood, we don’t just “set up Xero.”
We take the time to understand how your business operates, how money flows, and what you need to see to make better decisions.

• Complete setup of new Xero Accounting file
• Set up of payroll integration and recording of payroll transactions
• Format your reporting with custom chart of accounts
• Historical migration of previous business data into new software
• Migration of data = importing all data from different channels into a new accounting file.

A Note on Scope

Categorization and reconciliation of transactions are not included in this service.  If your books require cleanup, please refer to our Catch-Up Service.

Starting @ $1250

Final cost depends on total months data, # of business accounts + volume of transactions.

Bookkeeping Catch Up

Need support bringing order to your finances? That's what we do best. With our help we turn those months of transactions into an easy to understand financial story.

• Reformating of chart of accounts for meaningful reports
• Reclassing of transactions for clean up period to custom categories
• Categorization of outstanding bank feed transactions
• Reconciliation of all business accounts to confirm accurate data
• Saving of all related bank statements, deposit and check images
• Updated financial reports for the clean up period

Starting @ $3000 per 12 months of clean up.  

Final cost depends on total months data, # of business accounts + volume of transactions.