Frequently Asked Questions
We're Not Just Accountants
Your Questions About Ongoing Accounting, Tax Planning, and Financial Clarity
We're entrepreneurs, investors, and business owners who understand what it takes to run and grow a company. That real-world experience shapes everything we do.
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We know one of the biggest frustrations business owners have is not hearing back from their accountant. At P3 Accounting, we follow a 24-hour response standard so communication is timely, predictable, and professional.
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We focus on ongoing relationships, not one-time projects. We work with clients year-round so decisions aren't made in hindsight. And because we're entrepreneurs and investors ourselves, we bring real-world business experience to every engagement, not just technical expertise.
Services and Approach
Our approach is built on proactive planning, reliable financials, and consistent communication. Here's what that means in practice and how we work with clients.
Do you offer one-time tax preparation?
> No. P3 Accounting works with clients on an ongoing monthly basis. Our approach is built around current financials and proactive planning, enabling an effective tax strategy throughout the year, not just at filing time.
Effective tax planning requires current financials and proactive decisions, not last-minute scrambling. One-time or reactive services limit what's
possible and often lead to unnecessary stress and missed opportunities.
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What does "ongoing accounting" mean?
> Ongoing accounting includes monthly bookkeeping, financial reporting, and strategic guidance. Your numbers stay current and usable every month, which supports proactive tax planning and better business decisions year-round.
In practice, this means your books are closed monthly, your financial statements are reviewed and ready to use, and you have a clear picture of where your business stands at any given time.
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What's the difference between bookkeeping and accounting?
> Bookkeepers handle day-to-day tasks like recording transactions, categorizing expenses, and managing data entry. This keeps records organized, but it's focused on what happened.
Accountants ensure those records are accurate, complete, and aligned with tax and financial strategy. We review and reconcile the books, prepare financial statements, identify issues or opportunities, and help you understand what the numbers mean and how to use them.
At P3 Accounting, our work goes beyond bookkeeping. We provide ongoing accounting oversight and proactive tax strategy so your financials aren't just recorded, they're reliable, useful, and connected to real business decisions.
Do you offer tax planning without bookkeeping?
> No. Effective tax planning requires accurate, up-to-date financial statements. For that reason, tax strategy is always paired with ongoing accounting support at P3 Accounting.
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Do you offer cleanup or catch-up bookkeeping?
> Yes, in certain situations. Cleanup work is handled on a short-term retainer and designed to transition into ongoing monthly accounting. Most new clients require some level of cleanup, even when they've worked with another accountant or bookkeeper, to ensure accuracy and consistency.
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Do you offer hourly or project-based work?
> Our work is primarily structured around ongoing monthly engagements. In limited cases, short-term retainers may be used for cleanup or strategy work that leads into ongoing support.
Who We Work With
We specialize in working with service-based businesses, entrepreneurs, and multi-entity owners who value proactive planning and ongoing financial clarity.
What types of businesses do you work with?
> We primarily work with service-based businesses, entrepreneurs, restaurants, attorneys, and multi-entity owners who want an ongoing accounting relationship and proactive tax strategy. Our clients are not looking for one-time services. They want clarity, consistency, and informed decision-making year-round.
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Do you work with startups or early-stage businesses?
> Yes, as long as there is active business activity and a commitment to maintaining monthly financials. Ongoing accounting early on often prevents costly issues later.
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Do you work with in-house bookkeepers and virtual assistants?
> Yes, in some instances. Many of our clients have an in-house bookkeeper or VA handling day-to-day tasks, and that can work well when roles are clearly defined.
Our role is to provide structure, oversight, and strategy. We review and close the books, ensure financials are accurate and consistent, and align the accounting with proactive tax planning and decision-making.
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It's also important to note that not all VAs are trained bookkeepers. While we're happy to collaborate with existing team members, we do not provide bookkeeping training or manage day-to-day task execution.
For this model to work well, the person handling daily activities must be able to follow established processes and maintain accurate records.
This structure supports proper separation of duties, which is an important internal control that reduces errors and risk, while allowing you to keep internal support and still gain clarity and confidence in your numbers.
Advisory and CFO Services
Strategic guidance and CFO-level insight require accurate, current financial data. Here's how we approach advisory work and what's included.
Do you offer advisory or CFO-level services?
> Yes. We provide strategic advisory and CFO-level insight focused on cash flow, structure, and decision-making. This level of support requires accurate, current financial statements, as meaningful advisory work depends on reliable data.
In most cases, CFO-level services are provided as part of an ongoing accounting engagement. In limited situations, standalone advisory may be available only when financials are already clean, current, and consistent. These engagements are scoped intentionally and priced based on complexity and level of involvement.
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Can you help me understand my numbers?
> Yes. Our role goes beyond preparing financials. We help clients understand what their numbers mean so they can make informed decisions.
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Will you communicate directly with my financial advisor, attorney, or lender?
> Yes, with your permission. We often collaborate with other professionals to ensure financial information is accurate and aligned across your advisory team.
Pricing and Getting Started
Pricing is customized based on your business needs, complexity, and the level of support required. Here's what you need to know about costs and timelines.
How much do your services cost?
> Pricing varies based on complexity, number of entities, and level of support needed. Monthly engagements typically start with a minimum monthly fee and are customized to your business. Click here to see our prices.
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How does the discovery call work?
> The discovery call is an introductory conversation to understand your business and determine whether our ongoing, monthly approach aligns with your needs. There's no pressure and no sales pitch. It's simply a conversation to see if we're a good fit.
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How do I know if P3 Accounting is the right fit?
> P3 Accounting is a good fit for business owners who want clarity, consistency, and a proactive financial partner. If you're looking for one-time services or reactive support, we're likely not the right fit. Knowing that upfront saves time on both sides.
What if my business is behind or disorganized?
> That's very common. Many clients come to us feeling behind or unsure about their numbers. We start by creating clarity and building a process that supports ongoing improvement.
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How quickly can we get started?
> Start times depend on availability, current workload, and the condition of your books. Once we agree on terms, we'll outline a clear onboarding process and timeline.
Location, Systems, and Communication
We're built to work virtually, which means we can support clients anywhere while maintaining the same level of service and security.
Where are you located?
> P3 Accounting is an intentionally built virtual firm with team members and clients across multiple states. While we are based in Oklahoma City, we work remotely via secure portals, video meetings, and digital communication, enabling us to support business owners regardless of location.
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What systems do you use?
> We use modern, cloud-based accounting tools and secure client portals to manage bookkeeping, document sharing, and communication. This allows us to work efficiently and maintain consistency across clients.
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​​Do you work with QuickBooks Online?
> Yes. Our accounting processes are built around cloud-based systems, and QuickBooks Online is commonly used as part of our monthly accounting support.
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How do we communicate?
> Most communication happens through secure portals, email, and scheduled Zoom meetings. This helps keep conversations organized and ensures nothing gets missed.
See What Proactive Accounting Looks Like
If you're tired of chasing down answers or wondering whether your books are actually accurate, let's fix that.
Schedule a discovery call to see if P3 Accounting is the right fit for your business.
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