Bookkeeping Services for Life Coachs

Bookkeeping and Accounting for Life Coachs

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.

* No Debit/Credit Card Required
Accracy Accounting Online Remote Bookkeeping Services for Life Coachs
Accracy Accounting QuickBooks Certified ProAdvisor
Accracy Accounting Xero Certified Advisor
Accracy Accounting Gusto Payroll Certiication
Accracy Accounting Fathom Certified Advisor
Accracy Accounting Karbon Certified Expert
Free 1 Month Bokkeeping Trial

New Customer Offer

We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.

* No Debit/Credit Card Required

How Accracy works with Life Coachs

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.

Accracy Accounting CPA CA Oversight
We get you set up

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.

Accracy Accounting Digital Fluency
We do your bookkeeping

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.

Accracy Accounting One-on-one expert support 24/7
We deliver tax-ready financials

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.

Here’s why Life Coachs like you trust Accracy with their bookkeeping and accounting

Get fast, unlimited support for Life Coachs with Accracy Accounting and Bookkeeping Services

Get fast, unlimited support from our expert advisors

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.

Guaranteed accuracy in every detail for Life Coachs with Accracy Accounting and Bookkeeping Services

Guaranteed accuracy in every detail

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.

Make Smart Decisions for Life Coachs with Accracy Accounting and Bookkeeping Services

See where you’re spending. Make smart decisions

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.

Bookkeepers for Life Coachs

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.

Accracy Pricing

Simple, straightforward bookkeeping pricing for everything your business needs.

Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.

Basic

Starting from
$200 / month billed annually
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Catch Up Bookkeeping

$500 / Billed Once
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Basic

Starting from
$250 / month
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Frequently Asked Questions about Bookkeeping and Accounting for Life Coachs

As a life coach, there are numerous expenses you can claim for your tax deductions. These include:

  • Training and Professional Development: Courses, seminars, books, or any materials that help improve your skills as a life coach.
  • Office Supplies: Purchases that facilitate your day-to-day operations, such as paper, pens, computers or software.
  • Home Office Expenses: If you use a part of your home for work purposes, you may be eligible to deduct a certain percentage of your home expenses including rent, utilities, or home insurance.
  • Travel: If you need to travel for work, costs such as flights, hotels, meals, and transportation can be deductible.
  • Marketing and Advertising: Expenses associated with promoting your services, such as website hosting, online ads, business cards.
  • Insurance and Licenses: Licenses required to practice as a life coach, professional liability insurance premiums.

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.

Accracy Accounting Frequently Asked Questions (faq)

Our Services

Your Needs, Our Solutions: Total Coverage Guaranteed

Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.

Bookkeeping

Precise Financial Organization

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.

Bookkeeping

Financial Reporting

Actionable Financial Insights

Beyond 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 Reporting

Accounts Payable & Receivable

Efficient Accounts Management

Efficiency 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.

Catch-Up Bookkeeping

Timely Financial Updates

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 Bookkeeping

Fractional Controllership

Strategic Financial Guidance

Experience 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

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