Absolutely not! You still maintain 100% control of all decisions and all checks are still signed by you. You decide what vendors get paid and when. We provide with the information and perform the specific task, but you approve all invoices for payment and sign all checks.

Solvit Hub is always in control as it maintains the original hard copy of their clients' records. Once the assigned task is complete, it is securely transmitted back to the firm in a file format compatible with the accounting software being used by the firm. 

Solvit Hub helps with the daily tedious work involved in business processing, including:

• Downloading of bank statements and check scans
• Updating of transactions in the Accounting Software from bank statements
• Reconciliation of transactions and payments
• Updating of accounts receivable and accounts payable
• Updating of payments received through Online Gateways, bank statements and deposits into checking accounts
• Bank statement reconciliation.

You will have one bookkeeper assigned to your account with Solvit Hub. This person will work on your account, master your unique processes, and be responsible for day to day servicing of your account.

Each bookkeeper is supported by an Account Team that provides internal support, and functions as a backup & review on your account.

NO. We perform bookkeeping services only and take guidance from your current CPA. Since we do not perform tax or attest services, your CPA does not need to be concerned that we are here to replace them. We value your relationship with your CPA and look to enhance the day-to-day record keeping so your CPA can make informed decisions. We helps eliminate the frustration that can arise between the CPA and the clients due to inadequate bookkeeping — the client believes they are charged too much by the CPA for simple bookkeeping service, and the CPA cannot charge full value for his or his staff’s time for bookkeeping services.

Solvit Hub offers multiple advantages. Key among these is:

• Costs related to your accounting related work will be reduced immensely.
• No infrastructural or administrative hassles
• Increased productivity and efficiency
• Easy access to skilled resources
• Less dependency on internal resources
• Reduced turnaround time due to the time-zone advantage 

Absolutely, we offer bookkeeping packages for small businesses of almost every size!

Solvit Hub serves small and medium-sized businesses of all kinds, but we are best known for our expertise in these four industries:

Professional services – Real estate agents, insurance agents, financial advisors and more

Home service contractors – HVAC technicians, plumbers, electricians, painters and more

Health and wellness – Gyms, salons, spas, dentists and more

Restaurants – Quick-service restaurants, fine dining restaurants, coffee shops, caterers, specialty food providers and more

Cash bookkeeping only looked at when money enters or leaves a bank account. Accrual bookkeeping is a more sophisticated approach that records when the money was earned or owed. Most Corporates use accrual from day one so there’s no painful transition later.

No, we’ll include cleanup for you as part of our work estimate. Solvit Hub's team of financial specialists will setup your industry-specific general ledger in the cloud accounting solution that best fits your needs.    

Your books are updated on a weekly basis, but we reconcile and close the books by the 15th of the following month. This gives us enough time to gather all the necessary information to ensure your books are as accurate as possible.

Since we do very specific tasks such as bookkeeping and data entry for a variety of firms, we are very familiar with the nuances and best practices associated with performing these tasks. We may still need to understand the specifics of your firm if your operations are rather unique. Depending on the level of uniqueness, the actual ramp-up time may vary.  However, in most cases, we are off and running the same day.

Your bookkeeping team consists of 2 professionals including your dedicated Account Manager and a backup support representative who steps in when your primary Account Manager is not available. We do our best to keep your bookkeeping team the same. If there is any change, we will let you know right away!

We help businesses catch up with their bookkeeping all the time. It is part of the normal on-boarding process to have some catch-up/cleanup work involved. In order to assess your needs, you should have an honest conversation about the state of your books with our sales representative.

We don’t file your taxes with the IRS, but we make sure you’re set up perfectly for tax time. We prepare a Year End Financial Statements that contains everything you need to file.

If you have a CPA, we can work with them directly. We can share your Financial Statement’s with your CPA, so you don’t have to worry about emailing back and forth or sending them your files.

We don’t file your taxes with the IRS, but we make sure you’re set up perfectly for tax time. We prepare a Year End Financial Statements that contains everything you need to file.

If you have a CPA, we can work with them directly. We can share your Financial Statement’s with your CPA, so you don’t have to worry about emailing back and forth or sending them your files.