selro.

Monthly bookkeeping

Clean books every month. $20 a month.

Selro’s monthly bookkeeping service helps small-business owners keep transactions organized and understand the numbers behind their business. Your bookkeeper categorizes transactions, reconciles accounts and prepares an income statement and balance sheet. You do not need to buy a separate accounting software subscription.

What the service covers

Transactions organized

Monthly transaction categorization keeps business activity organized. Reconciliation checks the books against bank and credit card records.

Statements you can use

You receive an income statement and balance sheet each month, plus a financial package at year end to support tax preparation.

A person to ask

A dedicated bookkeeper learns how your business works. You get monthly statements by email and a person to message when something looks off.

The cheapest way to get your business taxes done: $399 flat.

Business tax filing is $399 a year, and it covers everything tax for that year.

How it works

  1. Tell us about your business. A two-minute form. No payment is collected through it.
  2. Get your next steps by email. We’ll email you the next steps within one business day. After you sign up we’ll send you a secure upload link for your documents.
  3. We file it. Our team prepares and files your return. Add bookkeeping for $20 a month if you want it.
Get startedSee a sample monthly report

What's included

$399 a year covers everything tax for that tax year.

  • Every business return for the year. All the federal and state or provincial business returns you need for the tax year: Schedule C, 1065, 1120-S, 1120 and their state returns in the US; T2, or T1 with T2125, in Canada.
  • More than one state. Multi-state returns are included at the same price.
  • Your personal return. The owner’s personal return (1040 or T1) is included when it’s needed for the business income.
  • Quebec. Quebec returns (CO-17, TP-1 and TP-80) are included. Our Quebec pages are in French, and our team works with you in English.
  • Extensions and reminders. Extensions (Form 7004 or 4868) and quarterly estimate reminders are included.
  • Information returns. 1099-NEC, T4/T4A and T5018 slips are included in the tax price.
  • City and excise returns. City and local business tax returns, and state excise returns such as Washington B&O, are included in the yearly price.
  • Franchise tax reports. State franchise tax reports, such as the Texas franchise tax report, are included.
  • Estimated tax and instalment amounts. We work out your quarterly estimated tax payments in the US, or your CRA instalments in Canada, and tell you what to pay and when.
  • Unfiled past years. Each unfiled prior-year return is $399 per tax year, the same flat price.
  • Bookkeeping at $20 a month. Unlimited bank and card accounts, monthly reconciliation and monthly statements.

Basic inventory tracking for online stores, such as Shopify, is included. Full cost-of-goods reconciliation is quoted separately. Payroll processing and sales-tax filing aren’t included in bookkeeping. US clients pay in USD. Canadian clients pay the same number in CAD. Our team prepares and files your return.

What we need to get started

Start with your contact details and service choice. We’ll email you the next steps within one business day.

Please keep tax documents, identification, account passwords and bank details out of the public enquiry form.

Use the free bookkeeping handover checklist See a worked example of monthly reports
  • How your business earns revenue and where it operates.
  • The number of bank and credit card accounts you use for the business.
  • Your approximate monthly transaction volume and the most recent reconciled month.
  • Any inventory or other reporting needs. Payroll processing and sales-tax filing aren’t part of bookkeeping.

Questions about monthly bookkeeping

What does the monthly service include?

Transaction categorization, a monthly income statement and balance sheet, and a tax-ready year-end financial package. Unlimited bank and card accounts, monthly reconciliation and monthly statements. Payroll processing and sales-tax filing aren’t included in bookkeeping.

Do I need QuickBooks or Xero?

No separate QuickBooks, Xero or other accounting software subscription is required for Selro’s bookkeeping service. If you already use software, mention it on the signup form and we’ll plan the handover by email.

Are tax filing and missed months included?

Tax filing is billed separately at $399. Bookkeeping for missed periods is quoted separately as catch-up work. Monthly bookkeeping is for keeping the agreed ongoing periods current.

Can I use bookkeeping without tax filing?

Yes. You can use monthly bookkeeping on its own and give the year-end financial package to your tax preparer. You can also ask Selro to prepare and file the business return.

Guides

See every guide by topic

Other ways we can help

Business tax filing

Tax filing, billed annually when your return is prepared.

Catch-up bookkeeping

Quoted after a review of your accounts and missing periods.