Eight Five Bookkeeping
Monthly Bookkeeping for Financial Advisors
From end-to-end QuickBooks management to fully managed S-Corp payroll, we make bookkeeping simple so you can focus on growing your practice.
Bookkeeping Built for Financial Advisors
AUM, Planning Fee & Commission Revenue Tracking
Accurately track and categorize advisory fees, financial planning revenue, and commissions so you always know where your firm's revenue is coming from.
Advisor-Specific Chart of Accounts
A chart of accounts built for financial advisory firms and maintained inside QuickBooks Online, giving you clear visibility into revenue, expenses, and profitability.
End-to-End S-Corp Payroll Management
From processing owner payroll to handling payroll tax filings and W-2s, we help manage the entire payroll process so you don't have to.
Monthly Reconciliations & Accurate Financials
Bank accounts, credit cards, and your QuickBooks Online file reconciled monthly, with accurate reports you can rely on to make informed business decisions.
CPA-Ready Books & Tax Season Coordination
No scrambling at tax time. We keep your QuickBooks Online file organized year-round and work directly with your CPA to make tax preparation as seamless as possible.
More Time to Grow Your AUM
Spend less time managing your books and more time serving clients, growing your practice, and increasing assets under management.
“The value of having everything tidied up and organized each month is something I'll not go without going forward.”
A real team behind your books.
Eight Five Bookkeeping is based in Alexandria, Virginia. We manage your QuickBooks Online file, keep your firm's books current, help manage payroll, and work directly with your CPA—so your financials are ready when you need them.
Meet the Eight Five team“I handed them a Royal mess left by my previous bookkeeper & they had things cleaned up, organized & timely monthly financials for both of my businesses within a few days!”
Financial advisor bookkeeping questions
What does a bookkeeper for financial advisors do?
A financial advisor bookkeeper organizes the firm's revenue and expenses, reconciles bank and credit card accounts, and prepares monthly financial reports in QuickBooks Online. Eight Five also helps with S-corp payroll and coordinates with your CPA, keeping your practice's books ready for tax preparation.
Can you track AUM-based fees, planning fees, and commissions separately?
Yes. We categorize advisory fees, financial planning revenue, and commissions separately in an advisor-specific chart of accounts so you can see how each revenue stream contributes to your firm's results. AUM-based fees are business revenue; the assets your clients hold are not your firm's revenue.
Can you manage payroll for an S-corp advisory firm?
Yes. We help manage owner payroll, payroll tax filings, and W-2s as part of the agreed service scope. We coordinate with your CPA on tax-related questions; bookkeeping and payroll support do not replace your CPA's tax advice.
Do you manage QuickBooks Online?
Yes. QuickBooks Online management is part of the service. We clean up or set up your file, keep the chart of accounts and categorizations consistent, reconcile accounts monthly, and close the books each month in QuickBooks Online. If you're not using it yet, we can help you get set up correctly from the start.
How much does monthly bookkeeping for financial advisors cost?
Your monthly quote depends on your firm's accounts, transaction volume, revenue streams, payroll needs, and reporting requirements. Book a consultation to discuss your current books and receive a custom monthly quote.
Focus on your clients. We'll focus on your books.
Tell us about your practice, your revenue streams, and your current QuickBooks Online file. We'll discuss the right monthly support and a custom quote.