Is Luma Accounting right for me?
Luma Accounting provides ongoing monthly bookkeeping and accounting support for businesses that want accurate books, better financial visibility, and less time spent managing their accounting.
We combine these to keep your books accurate and timely while making the work as efficient as possible for your team and ours. Our niches are small to medium sized construction, trades and legal companies but we also support many professional services businesses.
The Luma Services Pyramid
Our 3 levels of accounting support are designed around 3 different outcomes.
Reflect on the Past
Focus on the Present
Illuminate the Project
Each level includes everything in the level beneath it.
Not sure where you belong?
Most Luma clients begin with Reflect on the Past. Once their monthly accounting is accurate and consistent, we determine together whether moving up the pyramid would actually provide enough value to justify the additional investment.
Packages & pricing
Package rates are a percentage of gross revenue. Gross revenue gives us a starting point because it generally correlates with business activity and accounting complexity. It isn't perfect, however. If your business is unusually simple - or complex - for its revenue, we'll account for that when determining your monthly rate.
Under $500,000 in gross revenue and planning to grow? We still want to talk. See the note below the pricing table.
Glow Sessions
Glow sessions are our way of ensuring you are receiving BEST. EXPERIENCE. EVER. These are intentional meetings with your Lantern Leader to review your financials, hear what's happening in your business and understand any upcoming changes or challenges.
Reflect on the Past
“Are my books accurate?”
Focus on the Present
“Where does my cash stand?”
Illuminate the Project
“Which jobs are actually making money?”
Pricing examples
We use % of gross revenue as a starting point for assessing the size/complexity of a client's financial world - our Shine a Light review of your QuickBooks Online file allows us to determine the specific pricing for your company.
Pricing below is for the base packages only - add ons will increase the monthly rate.
* For small businesses in our niches of Construction, Trades and Legal with < $500,000 gross revenue, we still want to talk to you if you have plans to grow! We will sometimes offer introductory rates < $495/mo if you seem like a great fit with us.
** Bespoke Pricing: Project cost accounting can be very manual or it can be made much more efficient through the use of technology - we work with clients to see what fits best for their business.
Need more than what's included?
Compliance & Reporting
Customer Invoicing
Payroll
Construction Support
Legal Support
What affects my monthly cost?
Four things. Nothing else.
Package Selected
Rates are a % of revenue, as revenue is a likely indicator of overall volume of work.
Frequency of Touch in Your Books
Below are the standard frequencies for each package. Clients can increase frequency for an increase in the monthly rate.
Frequency of Glow Sessions
Standard frequency per package is shown below. Increase it if you want more time with your Lantern Leader.
Add-Ons
Our add on services are priced separately so that business owners can easily select exactly the support they want. Some are based on % of revenue while others are a flat amount added to your monthly rate.
Does this sound familiar?
Who Luma is - and isn't - a good fit for
We would rather be honest up front than be a poor match. See which column sounds more like you.
Luma is a great fit if you...
Luma probably isn't right for you if you...
What happens after I Flip the Switch?
Six steps from first form to first month of onboarding.
Complete the Flip the Switch form
Our online form asks for basic information about the business owner, the business and what kind of support is desired. If there is a high likelihood of a good fit, we move on to...
Dial it Up! virtual meeting
One of our Luminaries schedules a virtual meeting to hear more from you and share what it is like to work with Luma. If both parties mutually agree to move forward, we move on to...
Deep Dive Discovery form
More detailed questions about your current set up, software and processes. This helps us put together an initial proposal for ongoing monthly support. If you agree to the proposal, we move on to...
Shine a Light review
One of our Lantern Leaders reviews your current QuickBooks Online file (if there is one), so we know whether any cleanup or catch up work needs to be included, which features are in use, and whether banking feeds and integrations are active.
Engagement Contract
There's no ongoing commitment through our discovery process up to this point. It is now that you will receive the official contract including one-time projects and ongoing services. If you decide to move forward, you will electronically sign the agreement and enter the payment method that will be used going forward.
It's Official - let's start Onboarding!
We schedule virtual onboarding meetings with your Lantern Leader and Lightkeeper(s) to get access to systems and work out other logistics... and then the fun begins!
Ready to see whether we're a fit?
Answer a few questions about your business and we'll tell you honestly whether Luma is the right partner, and which level of support makes sense.