Q & A time!

Why Prax?

We are not passive accountants that are comfortable posting historical data and having a quick check-in before continuing business as usual. We bring out-of-the box thinking and we’re highly motivated to help your financial health improve every single month. Our success is measured by your success, and we know it!

Why remote accounting?

We’re remote for several reasons, but it’s mostly about not imposing geographic limits on our expertise. Instead of being limited by local talent, we’ve pulled a team together from across the U.S. with an incredibly rich history of experiences, skills, and education. Team Prax is a close-knit group with a passion and knowledge base that you won’t find in most firms!

Who do you work with?

Generally, we get the most traction with companies who: 

  • have annual gross revenues around $1M - $25M,

  • want to modernize and improve efficiencies, and 

  • want to grow strategically to own their market.

What can I expect when we start?

We always begin with an onboarding meeting to establish expectations and a timeline. We'll request accounting system access, tax records, view-only user logins to banks/credit cards, payroll access, and a few more nuggets. Sometimes you'll meet our #praxcats. 

Once we get going, we'll be in touch frequently with questions. The first 90 days are devoted to getting to know you, your business, your procedures & systems, your tech, your history, your team, your goals, your future prospects, your competition, and your market. No pressure, right?

What can I expect on a monthly basis?

We generally transition to monthly recurring services after 90 days. Your Ledger Guard and Accountalyst post data to your system, monitor accounts, reach out with questions or concerns, and keep you updated on action items.

Every month we host a virtual meeting to review your financials, resolve outstanding issues, discuss new developments, and track specific goals and action items. 

What's up with your titles?

Our cats picked them. 

  • Accountalyst: accountant + analyst + catalyst

  • Ledger Guard: guards your ledgers

  • Visivationist: visionary + motivationist

  • Taxalyst: come on, you got this one

  • Techanic: our resident tech mechanic

How much does this all cost?

The first 90 days are hourly. The cost during this time can vary significantly based on how much catch up work there is. We know this period can hurt, so we do everything we can to minimize our costs. 

Once we're caught up and everything is current, we'll offer fixed fee options so we can better control your costs and predict your cashflow. This is when we'll work hard to prove we're worth every penny, every month. In fact, unless your an extreme case, we expect your revenue growth over the next 12 months to both cover our monthly fees AND cover those first 90 days!

240-505-7997

240-307-0100

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