Why Better Accounting Solutions

Grow your Merchant Cash Advance Business

Largest

We are the largest accounting firm that specialized in bookkeeping specifically for Merchant Cash Advance businesses.

Specialist

Our Merchant Cash Advance specialists know MCA CRM data programs, and are trained in verifying and generating journal entries in QuickBooks.

Monthly Review

We deliver your financials, and review your books during monthly quality reviews, leaving you confident that your business' financials are audit-ready.

Our Process

We believe in processes, which allow us to scale and optimize MCA businesses.

Aggregate

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.

CRM Track

Our Merchant Cash Advance 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.

Breakdown

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.

How We Help MCAs

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.

BAS Process

Our process is the key to scaling your business.

Step 1

Review, approve, prepare and submit your financials during monthly quality reviews.

Step 2

Prepare your MCA Fund for financial audits and provide constant support from a specialized MCA manager.

Step 3

Train our bookkeepers in your deal tracking software (i.e. MCA-Track, MCA Suites, OrgMeter, LendSaas, Centrex and others) to keep everything up to date.

Step 4

Keep your deals organized by assigning each of them their own account, loan number, and RTR. We will also take reports from your CRM and validate them at the bank to ensure their accuracy.

Step 5

Recognizing income by the merchant paying back the RTR by taking the percentage that the RTR is over the income.

Step 6

We deliver your financials, and review your books during monthly quality reviews, leaving you confident that your business' financials are audit-ready and solid.

Transparent Pricing

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.

IF TOTALS MORE THEN 8 HOURS PER MONTH
Weekly Hours Bookkeeping Hourly Rate
40 $50.00
30 and up $53.00
25 and up $55.00
20 and up $58.00
15 and up $60.00
11 and up $65.00
6 and up $75.00
0 and up $80.00
Review/Manager $80.00
Schedule Call