Fair and Square Bookkeeping rigorously follows the Generally Accepted Accounting Principles (GAAP) put forth by the Financial Accounting Standards Board (FASB) I strive to offer concise and ethical Bookkeeping services.

10 GAAP Principles

  • Principle of Regularity: GAAP-compliant accountants strictly adhere to established rules and regulations.
  • Principle of Consistency: Consistent standards are applied throughout the financial reporting process.
  • Principle of Sincerity: GAAP-compliant accountants are committed to accuracy and impartiality.
  • Principle of Permanence of Methods: Consistent procedures are used in the preparation of all financial reports.
  • Principle of Non-Compensation: All aspects of an organization’s performance, whether positive or negative, are fully reported with no prospect of debt compensation.
  • Principle of Prudence: Speculation does not influence the reporting of financial data.
  • Principle of Continuity: Asset valuations assume the organization’s operations will continue.
  • Principle of Periodicity: Reporting of revenues is divided by standard accounting periods, such as fiscal quarters or fiscal years.
  • Principle of Materiality: Financial reports fully disclose the organization’s monetary situation.
  • Principle of Utmost Good Faith: All involved parties are assumed to be acting honestly.

Invoices for monthly bookkeeping services will be billed on the first of each month. Payment is expected on the 15th of that same month. When an account is overdue, all work on that account will cease. When an account becomes 60 days overdue, the account will be closed. Of course, if there are extenuating circumstances, we can certainly discuss our options. Never hesitate to reach out and share.

We offer several payment options including debit card, credit card, check, and bank transfer, and if arrangements are made in advance, we can set up a cash app account.

Your financial information belongs to you. I will never hold your account hostage!

In order to cancel service, please be kind and offer a 2-week notice. That will give me the time I need to close your account and finalize billing.