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What types of bookkeeping services does FABBI provide?

FABBI offers cash basis bookkeeping services for clients, recording transactions as money is received or withdrawn from bank or credit card accounts. Additionally, with an accounting add-on, FABBI can conduct accrual adjustments such as monitoring accounts receivable and payable, and tracking unearned revenue.

How does FABBI handle accrual adjustments for clients?

FABBI handles accrual adjustments by tracking revenues and expenses throughout the year, regardless of when the money is actually received or paid. These adjustments are removed at year-end to ensure bookkeeping is adjusted back to a modified cash basis.

Can FABBI assess if cash basis accounting is suitable for my company?

Yes, if you're unsure whether cash basis accounting is suitable for your company, you can contact FABBI. They will be pleased to learn about your business demands and assess if their services are appropriate for you.

How does FABBI manage my company's bookkeeping process?

FABBI manages your company's bookkeeping by connecting your merchant and bank accounts to their system. Your dedicated financial team receives read-only versions of your bank statements and sales data without your direct involvement.

What steps are involved in connecting my merchant and bank accounts to FABBI?

To connect your merchant and bank accounts to FABBI, you simply need to link them to their system. Once connected, your FABBI team will receive read-only versions of your bank statements and sales data, allowing them to categorize transactions and generate accurate financial statements monthly.

How does FABBI assist clients with their tax returns?

FABBI ensures compliance with all current tax laws by preparing your returns and electronically filing them on your behalf, ensuring you receive expedited refunds and all appropriate deductions and benefits to which you are entitled.

Can I do my own internal bookkeeping and just have FABBI file my tax returns?

Yes, absolutely! You have the flexibility to manage your own bookkeeping and present us with the numbers for your returns, or you can opt for our affordable monthly bookkeeping services where we handle everything throughout the years so you can enjoy a stress-free tax season and get your returns filed early!

What is Fabbi's Fractional CFO service?

Fabbi's Fractional CFO service offers personalized and flexible financial expertise to businesses seeking strategic guidance without the commitment of a full-time CFO hire.Your dedicated CFO will, providing tailored financial advice, oversee your company’s financial operations, and assist with decision-making processes to drive growth and success

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