About Our Rates
Our standard rates enable us to offer high quality services, take care of ourselves and our communities, and offer free and low-cost services to people most directly targeted by oppression and colonization.
Solidarity rates are reserved for groups focused on collective liberation and solidarity economy work that are owned and governed by people of color, immigrants, people with disabilities, LGBTQIA2+, working class, and poor people without access to institutional funding.
We start all potential bookkeeping relationships with an Initial Assessment (IA).
We’ll review your current financial systems and have a 1 hour call to look together at your books and get to know your needs. We’ll also share how our cooperative works and answer any questions you have about ABC. After the call, we’ll create a deliverable that identifies any issues, makes recommendations, and includes quotes for services (e.g. clean up, systems development, consultations, ongoing bookkeeping, training, and/or referrals).
The IA lets us get to know one another and figure out if a working relationship would be mutually beneficial. The IA deliverable is designed as a standalone consultation and can be used to find the best fit for your needs, whether that’s ABC or another provider.
Set Up Package
If you are just getting started with an accounting program, we can make sure it’s correctly configured and orient you to your new system. This includes:
- Setting up your organization on QuickBooks Online, QuickBooks desktop for Mac/PC, Xero, or GnuCash
- Configuring the chart of accounts
- Setting beginning balances for balance sheet accounts
- Setting up bank and/or credit card feeds
- An orientation on the basics of information entry and pulling reports
Bookkeeping Service Plans
How Service Plans Work
Bookkeeping Service Plans ensure your books are up-to-date and accurate. Monthly tasks can include:
- Input all transactions for bank accounts and/or credit card accounts
- Reconcile bank and/or credit card accounts
- Provide Balance Sheet, Profit & Loss, and any other basic financial reports needed
- Accounts payable and receivable: Tracking revenue, creating invoices, and recording payments; Entering vendor bils and payments
- Journal entries (accruals, deferrals, AJEs, etc.)
- Running and recording payroll (outsourced)
- Record keeping and filing
- 1099 preparation and filing (additional cost of $5/form plus applicable postage)
Intake process for new clients: We begin with an Initial Assessment (if you have books existing already) or a Set Up Package (if you’re starting from scratch). After this, we will give a quote for the monthly service plan level of your specific books and needs.
For ongoing clients, ABC reviews the scope of work periodically and adjusts service plan level if there are significant changes to volume or complexity so we can shift as your organizational needs shift.
XS Extra Small - These tend to be sole proprietors or freelancers with <$250K in annual expenses, fewer than 50 transactions per month in 1-2 bank accounts and credit cards.
Small - These tend to be small organizations with <$500K annual expenses, simple payroll for up to 5 employees, up to 100 transactions per month, and 3-5 bank accounts and credit cards. Extra small organizations with additional manual or more complex bookkeeping needs may fall into this service plan level.
Medium - These tend to be medium organizations of <$1M in annual expenses, payroll of up to 10 employees, up to 200 transactions per month, and 6-8 bank accounts and credit cards. Small organizations with additional manual or more complex bookkeeping needs (including fiscally sponsored projects, patronage tracking, and investments) may fall into this service plan level.
Large - These tend to be large organizations of over $1M in annual expenses, payroll of more than 10 employees, more than 200 transactions per month, and more than 8 bank accounts and credit cards. Medium organizations with additional manual or more complex bookkeeping needs (including fiscally sponsored projects, patronage tracking, and investments) may fall into this service plan level.
Full Service Books Clean Up
$6,000 per tax year (includes up to 50 hours of work)
If you have past tax years that need to be caught up, ABC can review your files, reconcile accounts, and correct entries to get your books ready to pass to a tax professional.
Sample consulting topics:
Cooperative Technical Assistance (start-up and operating)
Technology consultation, selection, and implementation
Internal Process Review
Budget and Cash Flow Projections
Financial Policy Manual Creation
Transitioning accounting systems from fiscally sponsored to independent 501c3
Employee Handbook / Personnel Policy
Product and Service Review and Development
Doing your own bookkeeping ABC can support sole proprietors, staff, and members of organizations with training and professional development. We’ll build on what you already know and answer questions when you run into something new in your bookkeeping and finance processes.
Bookkeeping Review and Oversight
For organizations looking to strengthen their internal controls and separation of duties: If you do your books in-house, ABC can be another set of expert eyes for an added layer of accuracy in your financials. Depending on your needs, this can include:
Quarterly Review and Oversight
Year End Review
Proofread making sure your books are clean, complete, and ready for 1099 filing and for sending to a tax professional for on-time filing
Workshops, Training, and Facilitation
For more information on ABC’s education and training offerings, click here.
ABC members are available to speak at conferences, community events, congregations, schools, and on podcasts around topics including cooperatives, solidarity economics, facilitation, as well as organizational and business development.
ABC members have presented at various events, including:
The NYC Network of Worker Cooperatives Annual Conference
The Eastern Conference for Workplace Democracy
The U.S. Federation of Worker Cooperatives National Conference
The Solidarity Research Center’s Asian American Solidarity Economies webinar series
The Cooperative Economics Alliance of NYC Solidarity Giving Circle
Sliding scale based on organizational budget.
ABC is taking on only remote work for the duration of the Covid-19 crisis. This means that:
The coop will not require any workers to travel for work.
All new client engagements will be 100% online.
We will maintain this policy in alignment and solidarity with the Peoples’ Strike Demand: “No return to work or end to physical distance until health experts determine it is safe.”