Looking for a bookkeeper and accountant for your life coaching practice? We do your books, so you get more time to empower and transform lives. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Looking for a bookkeeper and accountant for your life coaching practice? We do your books, so you get more time to empower and transform lives. Try us for free.
Our dedicated team takes the effort to thoroughly comprehend your life coaching business, address your queries, assist you in connecting your accounts, and demonstrate how Accracy can work seamlessly with your operations.
Every month, your dedicated bookkeeper categorizes your life coaching business transactions and assembles financial statements. If they require any further information from you, they’ll reach out promptly.
Every month, your dedicated bookkeeper categorizes your life coaching business transactions and assembles financial statements. If they require any further information from you, they’ll reach out promptly.
We'll consistently provide bookkeeping updates as you guide others through life's challenges. If you have immediate queries that simply can't wait? Rest assured, our team will answer you within just one business day, or even less.
At Accracy Accounting, we design solutions that enable life coaches to automate data inputs from most prominent providers, eliminating common errors. We partner with market leaders such as Gusto, Stripe, Shopify, and Square to ensure your financial records are always accurate and up-to-date.
Say farewell to mountains of record-keeping and tedious hours spent on manual monitoring — we automate data directly from your linked accounts. Gain perspectives from one centralized dashboard making it easy for you, as a life coach, to comprehend the health of your business and make well-informed decisions.
At Accracy Accounting, we understand that life coaches face a unique set of tax obligations and bookkeeping challenges. Tracking of income from varying sources such as client sessions, group seminars, online courses and book sales can be overwhelming, add to that monitoring expenses related to professional development, office space, and advertising, keeping your financial records in order can be a daunting task. As life coaches, your expertise is in motivating and guiding others - not in navigating this financial maze.
That's where Accracy comes in, offering an intuitive, profession-specific approach to bookkeeping for life coaches. We marry innovative software with the expertise of real-life bookkeepers, ensuring not only that your books are impeccably kept, but that they reflect the unique parameters of your profession. Our team understands the tax codes and laws pertaining to your field, ensuring you take advantage of all possible deductions and credits specific to your field such as business use of home and professional licensing expenses. We take the stress out of bookkeeping and tax so you can focus on what you do best — coaching and inspiring others. With Accracy at your side, you can lead your profession with confidence knowing that your financial records are in good hands.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
As a life coach, there are numerous expenses you can claim for your tax deductions. These include:
As each individual's tax situation is unique, it's recommended to consult with a bookkeeper or tax professional for specific advice.
The simplest and most reliable way to handle accounting for various income streams as a life coach is to use online bookkeeping services, such as Accracy Accounting. These bookkeeping services help you categorize and manage all income streams, ensure tax compliance, handle expense tracking, and provide financial statements for a comprehensive overview of your business finances. It is also a smart move to separate personal and business finances and maintain a detailed record of all transactions related to your business. Creating different categories for each income stream can also help you to effectively track and manage your money.
Regardless of whether you are offering one-on-one coaching services, group seminars or online packages, the fundamental principles of bookkeeping remain the same. You need to meticulously record your income and expenses, categorize each transaction and reconcile your accounts regularly. However, the financial considerations may differ based on the nature of the services.
One-on-One Coaching: For one-on-one coaching services, you would typically track income per session or per package of sessions, along with any additional materials or resources provided. Expenses to track might include wages for any support staff, facility costs, equipment, and training materials.
Group Seminars: For group seminars, your income would come from the fee charged per participant. Expenses might include venue costs, marketing costs to attract participants, hospitality expenses, and the cost of materials provided to participants.
Online Packages: The main income for online packages would be the fee charged for access to the material or course. Expenses may include running costs for your digital platform, marketing expenses, cost of producing the course content and payment gateway charges.
No matter what services you provide, having a specialised bookkeeping service like Accracy can take the hassle out of tracking these finances, leaving you more time to focus on what you do best - helping your clients succeed.
We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.
Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.
Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.
Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.
We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.
No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.
Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.
Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.
At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.
Financial ReportingEfficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.
Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.
Catch-Up BookkeepingExperience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.
Fractional Controllership