This article shares answers to commonly asked questions in regards to Moxie Bookkeeping
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What is bookkeeping and why is it important to my business?
What are the key benefits of using Moxie Bookkeeping?
What is my responsibility if I sign up for Moxie Bookkeeping?
Can Moxie Bookkeeping give me tax advice or file my taxes for me?
What if I currently work with another bookkeeper but want to switch?
How long will it take for my books to be ready after the end of the month?
What should I do if I have a question about the data in my P&L?
What do I need to do to get started?
What is bookkeeping and why is it important to my business?
Bookkeeping organizes all of your business financial activity to give you a clear picture of your revenue, expenses, and profit each month. Bookkeeping is essential to understanding the financial health of your business and helping you grow. Bookkeeping also makes tax time significantly easier. With bookkeeping, you don’t need to worry about rushing to get caught up with your finances before the tax deadline or missing out on tax deductions.
What is Moxie Bookkeeping?
Moxie Bookkeeping handles all of the bookkeeping for your MedSpa:
- We do your bookkeeping - Each month, Moxie Bookkeeping will organize your finances. If we have any questions, we’ll send you a text message which you can respond to within the Bookkeeping page in Moxie Suite.
- Get your financial insights - At the end of the month, you’ll see a summarized Profit & Loss statement under the report tab in Bookkeeping showing your business financials. Your Provider Success Manager will review this Profit & Loss statement with you during your Monthly Business Review.
What are the key benefits of using Moxie Bookkeeping?
- Price - Moxie Bookkeeping starts at just $100/month while you are getting started, much lower than comparable Bookkeepers, which start at $250+ per month.
- Purpose built for MedSpas - Moxie Bookkeeping is built for the unique needs of Medical Spas. Your Profit & Loss report will break out the variable and fixed costs that are unique to MedSpas. Your books will be kept separately between PC & MSO.
- Seamlessly integrated into Moxie - Moxie Bookkeeping is seamlessly integrated into all of the Moxie tools you’ll already be using. Moxie Bookkeeping automatically takes in data from Moxie Suite, saving you time. Providers can walk through their P&L with their PSM during their MBRs.
What is my responsibility if I sign up for Moxie Bookkeeping?
- When getting started, there’s a one-time setup process to connect your business financial accounts (bank accounts, credit cards, payroll) to Moxie Bookkeeping. This usually takes under 10 minutes, and the Moxie Bookkeeping team will walk you through the process on a live call.
- Over the course of the month, the Moxie Bookkeeping team may send you questions on a few of your business transactions via text message. All you need to do is respond to these questions via text or within the Bookkeeping page in Moxie Suite and we’ll handle the rest.
- At the end of the month, we may ask you to email us a few additional documents to help us complete your books (ex. loan statements, equipment purchase receipts).
- That’s it!
Can Moxie Bookkeeping give me tax advice or file my taxes for me?
Moxie Bookkeeping does not provide tax advice and can’t file your taxes for you. However, Moxie Bookkeeping organizes and tracks the business financial information you need to file your taxes. At tax time, Moxie Bookkeeping will provide you a packet of your financials that you can give to an accountant for tax filing.
Am I locked into a contract?
No - you can cancel Moxie Bookkeeping at any time.
What if I currently work with another bookkeeper but want to switch?
The Moxie Bookkeeping team will walk you through the process of getting your data from your existing bookkeeper. The team will migrate this data over to Moxie Bookkeeping for you.
How long will it take for my books to be ready after the end of the month?
If you respond to all of Moxie Bookkeeping’s requests for information over text or in the Bookkeeping page in Moxie Suite, your books should be ready within 5 business days of the end of the month.
What should I do if I have a question about the data in my P&L?
Reach out to your PSM and they will help walk you through the data.
What is the pricing?
Based on your average net revenue for the past 3 months:
What do I need to do to get started?
To start using Moxie Bookkeeping, schedule a call here to learn more. We’ll schedule an onboarding call for you to connect your Financial Accounts to Moxie Bookkeeping. We’ll also link your cell phone number so our Bookkeeping team can text you with any questions.