How We're Different Than Most CPA Firms

Our business plan is simple, we want to develop our relationship with you for the long-term.  The sole practitioner and knowledge base of ExactCPA is me Krishna L. Woods.   You're in good hands, I hold a Bachelor of Business Administration in Accountancy from Notre Dame University, and a Master's of Accountancy, Concentration: Taxation from Notre Dame University.  My 16 year career  in accounting was founded on Big4 standards (Arthur Andersen) in Chicago, and I recently had a 6 year tenure working for Rockefeller & Co. (the standard bearer in the High Net Worth / Family Office space)  in serving the accounting needs of High Net Worth clients.  Yes I am a licensed Certified Public Accountant.  

After having 2 children and striving for the work/life balance the appeal of creating my own firm got the best of me and that's how ExactCPA was formed. My goal is to bring to everyone the highest level of accounting client service, nothing less  than the Rockefeller standard.

My husband Lance, spearheads our business development initiatives.  There is no staff which assures you personalized service from me.  We have no secretary and we don't have any pretentious  offices, cars, or lifestyles.  As a result, this allows us to keep our overhead extremely low but most importantly for you this allows us to invest in premier accounting "tools" (to serve you).  These "tools" are for example Drake Tax processing software and a robust suite of CCH & Bloomberg BNA research & tax planning software.   Productive and powerful software tools allow a well knowledged CPA to apply their skill in total effort to minimize your tax obligation and maximize your benefits - per your circumstances.    Hence our tax preparation and filing service is best appreciated viewed through the lens of  'value' as we offer simply the best tools, talent, and client service.
     If you visit our website with regularity you'll learn we publish more news & information on tax regulations, tax planning & strategies, (along with accounting solutions) for individuals and small business than anyone - anywhere.  We are strong advocates of Tax, Accounting, & Investment "Literacy" and that's reflected in our committment to offer everyone a single place to learn. Our search engine is a great tool, explore it with topics of interest to you!

It is precisely this, our knowledge base, that brings you tremendous value and keeps you ahead of the curve (in smart tax planning).

I have spent much of my career serving financial "insiders" (i.e., high net worth individuals and family offices) and understand the value of being ahead of the curve on what's coming down the pipeline in law and regulation.  I believe that all of my clients should be "insiders", and enjoy the same advantages in advice and counsel that comes with being ahead of the curve.

 We are not a “full service” firm, as many others claim to be. We specialize in two areas:

     -(1) Tax compliance, planning, and related matters for individuals & business

     -(2) Accounting solutions for individuals & business, mindful of busy lives and mobile world.

That’s what we do and we do it well. We prefer to concentrate our services in just these 2 areas in order to provide the highest quality service.   

WE PROVIDE VALUE AND SUPERIOR SERVICE.

VALUE

-We are able to charge reasonable rates because we keep our overhead so low.

- We listen to our clients, then provide them with the level of service that best suits their needs. A recurring comment that we hear from new clients is: ”We’re a small business, but our previous accountant treated us like we were a Fortune 500 company”.

-We ask questions. We dig for tax deductions. We don’t just fill out forms. Anyone can do that. We apply our education, experience, and knowledge to legally maximize your deductions while minimizing red flags.

-We ask business questions. We try to get to know the business of our clients so that we can provide them with valuable informed opinions.

SUPERIOR SERVICE

     -You will always deal with me, Krishna.  I will do all of your work from start to finish. Your work will be done by someone with years of experience, who will be in touch with everything involved. In this way we can build an informed, knowledgeable, one on one working relationship with our clients.

     -We are usually available, and we promptly return phone calls. We don’t have a secretary. But we do provide our cell phone numbers and encourage our clients to use them. You will also usually find us in the office on weekends and  after 5 pm. We are not a strict 9-5 office.

     -You will not get lost in the shuffle. Because we do not have staff accountants, and we do all of your work, we can only provide services to a limited number of clients. We don’t run our firm like a factory. We get to know our clients. We do our best to keep them happy.

Bookkeeping

Bookkeeping is part of the building blocks of business accounting. We not only act as your CPA firm with tax advice – we can also help you with the day-to-day operations, including bookkeeping and effective financial advice. We will work with you on your bookkeeping system day-to-day, month-to-month and then use that bookkeeping system as the foundation for an effective business financial strategy, including retirement planning. Whether your business is a schedule “C,” incorporated as an “S” or a “C,” or even a Limited Liability Company.  Below is a general diagram of how it works.

Quickbooks Specialists

Quickbooks is the dominant platform for small business bookkeeping. Over 80% of the industry uses Quickbooks as the platform for its books and records. We help you find ways to streamline and automate. We check and double check. That’s our commitment. Our general ledger maintenance and reconciliation helps allow business owners and employees to focus on their core functions.

Bookkeeping Trial Balance – Financial Statement preparation with the flexibility for trial balance sheet preparation for the entire internal accounting and bookkeeping functions. 

Financial Statement Preparation – we can create personal financial statements, business financial statements, and consolidated or compiled financial statement preparation and analysis. We also create trial balances, profit and loss accounts documentation, balance sheets and cash flow documentation.

First, ExactCPA starts by understanding your business and how your business fits within your industry.    Second, we review your financial records to ensure you begin with clean, reliable numbers.   Third, we work with you to make your financial statements easy to comprehend and to establish best-in-class practices.   Fourth, we recommend and implement internal controls that work.   Fifth, we work with you to establish the level of service to provide and the frequency of our visits (if any at all!) as many of our clients prefer to work remotely.   Sixth and most important, once the financial statements are prepared, ExactCPA's reviews your financial information and identifies what is working and what is not. This way, we can assist you by helping you capitalize on your strengths and correct your weaknesses.

	Bookkeeping Services Process customer invoices Process cash receipts Enter vendor bills Write checks Record payroll File documents	Accounting Services Reconcile accounts Post journal entries Account analysis Control inventory Control costs Prepare budgets Train staff
	Financial Management Services Manage accounts receivable Manage accounts payable Analyze cash flow Conduct fiscal review & assessment Manage financial software Arrange, monitor bank financing If you need help getting your accounting records in order, give us a call!  We look forward to serving you!	Data Clean-Up Enter all multi-year data Reconcile accounts Record journal entries Establish accounting and record retention systems