We do not
do tax,
That is the point.
Your seniors should be preparing returns in March, not
reconciling bank accounts. We take the recurring
bookkeeping, AP and AR so they can.
See what we take on ↓
The bookkeeping does not stop
The bookkeeping does not stop
- Daily processing stops when partners are on returns
- Bank and card recs drift through busy season
- The AP cycle breaks down from February to April
- AR aging stops being watched during tax prep
- Monthly close dates slip for CAS clients
- Financial statements for review arrive late
- 1099 scramble lands on top of return crunch in January
- Contractor-client WIP and retention go stale
- New client cleanup pushes existing files further behin
The production layer,
under your brand
- Daily transaction processing and coding
- Bank and credit card reconciliations
- AP cycle, from invoice through to the payment run
- AR, invoicing and collections follow-up
- Month and quarter end close
- Financial statement preparation for your review
- Job costing, WIP and retention for your contractor clients
- 1099 prep support
- Clean-up and catch-up on new client onboarding
What your file needs to say
Under the AICPA code, using a third-party service provider means telling your client before their confidential information is shared. Notification, not consent. Most firms handle it with a line in the engagement letter.
Three things stay with you and we will not pretend otherwise. Supervision of the work. Professional responsibility for the output. Liability if something goes wrong.
What we give you for your file: a written scope, named people on your account, signed NDAs, and a record of who has access to what.
We work your hours
The US business day, Eastern time. Send it at 11am and have an answer before you leave. At close and through busy season we extend to match your calendar.
- Monday to Friday as standard
- US holidays, not Indian holidays
- Saturdays through tax season by default
What we do not do
No tax. No advisory.
We do not sign anything, and we do not speak to your clients unless you ask us to.
We are the production layer. The professional work stays yours.
Strongest in Construction and Real Estate
If your client base runs to contractors and property companies, that is where we go furthest. Job costing, WIP, retention, AIA G702 and G703 progress billing, lien waiver tracking. We work across
other industries too, and the daily cycle is much the same wherever the client sits.
We work in QuickBooks, Xero, NetSuite, Jonas Premier and Bill.com, and whatever spreadsheet the client actually runs on.
Why Purple Planet exists
Founder Basavaraj Bagalkot spent six years running the India office of a US construction company in Sunnyvale, California. He ran the whole back office: accounting, payroll, vendors, admin and investor relations.
Not a vendor. Their office, in their org chart.
Some of the people we worked alongside there still work with us today.
He is not an accountant. He builds the team and keeps it together. The people on your clients’ books bring around a decade each of US accounting, and they are still there in month nine.
- Partner pricing
Partner rates are
20 percent below our
published rates
A flat monthly fee, set by the level of work and the volume, and agreed in writing before we start. The same people on your firm’s work every month, across as many clients as you allocate them.
No setup fee. Nothing charged outside the agreed scope.
Junior
From
$1,200
a month
Best for books that are current, steady volume.
- Daily processing and coding
- Bank and card reconciliations
- AP and AR cycles
-
Month end close and
financial statements - Job costing, WIP and multi-entity
Mid
From
$1,600
a month
Best for taking month end close off your desk.
- Daily processing and coding
- Bank and card reconciliations
- AP and AR cycles
- Month end close and financial statements
- Job costing, WIP and multi-entity
Senior
From
$2,000
a month
Best for books that are current,
steady volume.
- Daily processing and coding
- Bank and card reconciliations
- AP and AR cycles
- Month end close and financial statements
- Job costing, WIP and multi-entity
Every entry is reviewed by a senior before it reaches you.
Our published direct rates are $1,500, $2,000 and $2,500. You pay less than a client coming to us directly would.
The AP cycle, or bank and balance sheet reconciliations. One complete cycle, then you decide.
For books that are current or close to it. Backlog cleanup is priced separately.
Frequently Asked Questions
Do you prepare tax returns?
No. No tax and no advisory. Bookkeeping, AP, AR and close only.
Do you speak to our clients?
Only if you ask us to. By default your clients deal with you and never with us.
Whose name is on the work?
Yours. Your engagement letters, your review, your output.
What do we have to tell our clients?
Under the AICPA code, that you use a third-party service provider, before their information is shared. Notification, not consent. Most firms handle it with a line in the engagement letter.
Can you handle clean-up on a new client?
Yes, and it is priced separately from the monthly fee because the volume is not predictable.
What happens to our client if we stop working with them?
They are your client. Your relationship is yours and it stays yours.
What about data security?
We work as named users inside your systems or your client’s. Nothing is downloaded. Everyone signs an NDA. No shared logins. You can revoke access at any time.
How does notice work?
Change the scope with 30 days’ notice.
How quickly can you start?
Two to four weeks from access.
How do you invoice?
Invoiced monthly. Paid by wire.
Where is the team?
Bangalore, India. Working the US business day on Eastern time.
- Contact
Twenty
minutes.
No pitch.
Tell us which part of the monthly cycle is costing your firm the most senior time. We’ll tell you what we’d take over and what it costs. If we are not the right fit we will say so on the call.
- We reply within one working day
- A 20-minute call
- A written scope