Our primary goal with our bookkeeping services is to empower businesses so that they can take control of their finances.

Monthly, quarterly, and annual services are available. All packages include account reconciliation, adjusting entries recording, reasonableness of income statement accounts assessment, and coordination with your tax accountant. The following table lists starting prices and optional add-ons:

MonthlyQuarterlyAnnual
Packages starting at (service based)$300$650$1800
Packages starting at (retail based)$600$1300$3600
Available Add-Ons
Bill payX
Payroll management (through Gusto)X
Accounts receivable managementX
Receipt matchingXX
Inventory managementXX
Budget and cash flow managementXX
State tax filingsXXX
Forms 1099 filingsXXX
Fixed asset maintenanceXXX

Some business owners need help getting their books up-to-date or may want to do their bookkeeping themselves. Narrows Bookkeeping LLC can help with the following services:

  • Retroactive Bookkeeping: For business owners who are behind on their books and need assistance catching up. Once books are up to date, we can discuss setting you up for either reoccurring services or training so that you can manage your own books going forward. Add-ons available would be based on the package of your choice.
  • Training and Consulting: For business owners who are hoping to do their own bookkeeping, but don’t know where to start. We can get you set up with the appropriate software and provide instructions and training on those software. Ongoing support is available on a variable basis, dependent upon client desire/need, which will be discussed during the initial training process. Additional support requests can be added at any time after initial training is provided.

First step
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Our Process

Initial Client Meeting: We will have a 30-minute meeting to get to know each other. We will ask questions about your business and goals and you will have the chance to ask us any questions or voice concerns you have.

Discovery: After the initial consultation there will be a diagnostic review billed up front at $240 to determine the scope of the project and an onboarding plan for your regular services. In this process, you will be granted access to our secure document portal, TaxDome, and will have an engagement letter to sign.

In this review we will spend a few hours in your books to determine the work involved and we will provide recommendations. For this to be successful, we will need accountants access to your current bookkeeping software, most recently reconciled bank and credit card statements, most recent bank and credit card statements, and a list of any loans. Afterwards you will receive a report with a summary, recommendations, and the steps necessary to clean up your books. Should you choose to hire Narrows Bookkeeping LLC, the $240 diagnostic review fee will be applied to your onboarding fee.

Some examples of commons findings during a diagnostic review: long-outstanding accounts payable or unreconciled transactions, accounts receivable showing unpaid invoices that are atypical of the industry, negative expense accounts, fixed assets on income statement instead of balance sheet, loan payments not adjusted for interest, revenue recorded net of merchant fees, etc.

Proposal: After the discovery phase, a proposal for services will be provided alongside the diagnostic review findings. This will clearly outline our responsibilities and your responsibilities as well as pricing. It may include additional add-ons that you can choose from (such as 1099 filings or personal property tax filings).

Onboarding: With the proposal a client will get specific tasks needed to begin working together. At minimum this is read-only access to bank accounts and accountants access to third party agencies (WA DOR, ESD, L&I). This process will also involved training, both technical and procedural.

Clean-Up: This phase is us working through your books to get them up-to-date and can take up to 30 days. It might be a little quiet, but rest assured that we are working. Towards the end of this process, a list of transactions will be provided with specific requests. We may have a list of unknown transactions that we need details on, or we may just provide a list of all transactions for you to review.

Monthly we will be in your books matching transactions, creating journal entries, and reconciling accounts. We will ask you to review reports and transactions.

Who We Work With

For regular bookkeeping services, we typically work with small businesses with revenue between $200,000 and $5 million. For businesses under $200,000 we can still help with monthly bookkeeping, but we also have the option to support you to do your own books. Our clients typically have up to 20 employees.

We recommend most businesses to have bookkeeping services monthly. This is especially important if your income and expenses are irregular, if you have monthly tax filing obligations, have employees, or depend on the business for your own personal finances. Of course, any business preferring quarterly or annually will have that option.

Our clients want their books being done correctly, timely, and ethically. They understand that in order to make decisions, they need to understand the finances of the business. They see their bookkeeping team as part of their business. They see owning a business as a responsibility and want to have piece of mind that their stakeholders (their families, employees, customers, and vendors) will be taken care of.

We do not primarily compete on price, as we offer a premium level of service and believe our value outweighs our fees. We do understand our clients are price-conscious. We provide an up-front price whenever possible and are willing to work with our clients if the price is out of their range of reasonable.