OUR TRANSPARENT APPROACH

You can’t stand unexpected fees or hidden costs

And you’ll never get them from us

Accounting for startups – transparently

We specialise in accounting services for startups, which means our whole approach suits your needs.

We know you want affordable services that are open and transparent, so you know exactly what things will cost and what you’ll get. How else are you supposed to focus on growing your business? After all, nobody founded a startup so they could spend all their money and time on accounting.

There’s nothing worse for a startup than being whacked with an unexpected bill (except maybe being locked into a contract for months on end). So you won’t get either of those with us.

We’ve set fair rates that reflect the effort involved in doing our work. We don’t build the cost of chasing outstanding accounts into our prices, as we use automated monthly and pay-on-completion billing. We also don’t offer discounts or credit terms. We know this is different from traditional accounting firms but that’s the point. We’re not traditional and neither are our clients.

You can read more about our transparent charging approach for specific services below. We trust that you understand our rationale but if you do have any queries, please don’t hesitate to drop us a line at transparency@standardledger.co

Oh, and being transparent also means that we tell you that this philosophy is reflected in our Terms & Conditions.

We appreciate your time in reading this,

­­— Remco and the Standard Ledger team

We recognise that this is different from traditional accountants but that’s the point

Automated billing

We use automated billing. Here’s how it works:

  • Our bookkeeping, accounting and virtual CFO services are automatically charged each month with no lock-ins (we hate that stuff as much as you do – if you want to cancel at any time you can, with one month’s notice)
  • All our other services (tax, R&D tax incentive claims and more) are automatically billed on completion. Don’t worry, you’ll know how much it will cost when you accept our proposal beforehand

We are able to do automatic fixed-price billing because we don’t need to build the cost of chasing outstanding debts into our prices, like traditional accountants do. Yay.

We use Practice Ignition to make it all happen. When you digitally sign our proposal, you’ll be asked to provide your credit card or bank account details for payment. If you need to change your billing details or if there are any errors in processing, please email practice@standardledger.co. If we make an error, refunds will be processed within 14 days.

We recognise that from time to time, your account or credit card might have insufficient funds when the automatic payment is due. We will retry processing and get in touch if it doesn’t go through. If we can’t make contact or resolve matters, we’ll let you know and discontinue our service, including any Xero services.

Our aim is to be as open and transparent with you as possible. If you like the sound of that, read more about the accounting services we offer Australian startups and UK startups.

Fair use policy

Our monthly bookkeeping and accounts payable/receivable services are based on your transaction volumes. Under our Fair Use Policy, we monitor transaction volumes processed through Xero and Receipt Bank each month. If they exceed the volumes covered in your plan (on a rolling average basis over three months), we’ll get in touch to increase your plan to the right level.

If you use our payroll services, we’ll monitor how many employees we’re processing. If the number outgrows your service plan, it means your startup is growing too. Oh, and we’ll be in touch to amend your service and ongoing fees.

We think this is all pretty fair. If you do too, learn more about the accounting services we offer Australian startups and UK startups.

Tax return preparation services

Our tax services all have fixed prices, so you know what you’ll be paying. We charge the fee automatically, once we’ve completed the work. This happens when we send you the final tax return for electronic signing (before lodgement).

Some clients choose to delay preparing tax returns until later in the year, in order to hold off on paying expected tax until closer to its due date. We usually advise preparing the tax return earlier than the actual lodgement date, so you can understand what your tax obligations are likely to be and make tax-effective decisions. We can then agree on actual lodgement timing later in the year, when due.

We ♥ tax. If you don’t (and we hope you don’t!), find out more about the tax services we offer Australian startups and UK startups.

R&D tax incentive claims (AU)

As with all our services, our R&D tax incentive service has fixed prices so you know what you’ll be paying.

We charge the fee automatically, once we submit the claim to AusIndustry for approval. This service works on a ‘no success no fee’ basis, so if AusIndustry rejects your claim (which is rare), we’ll refund your fees within 14 days.

We work with PwC to prepare R&D tax incentive claims and occasionally, our advice is not to go ahead. If this is the case, you won’t be charged.

It’s also worth noting that you can only receive an R&D refund if your tax return includes an R&D schedule, and preparing a company tax return involves its own fees. If we’re doing your tax return, our normal tax return fees apply. If we need to do any additional accounting work to prepare your financials before doing your tax return, our adhoc rates will apply. We’ll always discuss this with you beforehand.

The R&D tax incentive is a major source of funding for Australian startups. Learn more about how we can help you access it.

Advisory & consulting services

These services include financial modelling, capital raising support, tax structuring and other advisory and consulting services.

For these, we will agree on a price with you and charge:

  • 25% deposit (upfront)
  • The balance automatically, when we complete the work

We also offer adhoc phone consultations with our principals, Remco (on accounting, operations, R&D and CFO matters) and Mike (on tax, structuring, international and CFO matters).

Adhoc Rates

Our pricing philosophy is all about standardised services and fees to make them affordable and scalable for startups (hence the Standard in our name). Having said that, there are some times when we need to charge by the hour because a project can’t be properly scoped beforehand.

If this is the case, we will always aim to provide you with a time estimate in advance.

And sometimes adhoc rates might vary for different tasks even if they’re completed by the same person, if the type of work varies greatly.

If we are working with you on an adhoc charging basis, we’ll agree on a payment structure with you first. We usually prefer a 25 per cent upfront deposit for significant projects, with the balance paid when we’ve finished the work.

Our aim is always to keep our pricing as open and transparent as possible. Learn more about the accounting services we offer Australian startups and UK startups.

We help startups become stayups