Why Use Us?
First, we aggregate and import existing transactions from your CRM into QuickBooks. We will also take reports from CRM and validate them at the bank to ensure their accuracy.
Our MCA specialists track the data from your deals for you. They do this by taking specifics from your external CRM (such as MCA Suite, OrgMeter, MCA Track and LendTech,) and merging them into QuickBooks.
Each time that your company makes a deal, we will receive a breakdown of its data. Using this, we will track its specifics, such as deal amount, payback amount and time, defaults, and slow payers.We assign each deal to their account, loan number, and RTR.
If your MCA funds a $100,000 deal with a RTR of $150,000, the RTR is 3% over the funding. If the daily paybacks are $1,500.00, we recognize 33% of that ($500) as recognized income.
We post 10% of paybacks per account toward Bad Debt and Default Reserve. This is done to absorb defaults when they occur, and we evaluate the default rate once a year.
We do this to allocate the bad debt over the duration of the loan, and so that your income statement looks orderly at the end of the month..
Better Account Solutions is confident in our ability to handle your books, as our bookkeepers are adept in accounting. We will generate comprehensive financial statements so that financial auditors can easily understand them. Rates are hourly, and you will only be charged for the amount of time that your bookkeeper spends on your accounts.
|30 to 39 hrs/week||$48/hr|
|20 to 29 hrs/week||$53/hr|
|11 to 19 hrs/week||$60/hr|
|6 to 10 hrs/week||$65/hr|
|0 to 5 hrs/week||$75/hr|