# I&S Accounting Services, LLC > CPA-reviewed bookkeeping and accounting for merchant cash advance (MCA) and syndication businesses — plus real estate, eCommerce, service businesses, retail, and personal books. Flat monthly fee, software included. I&S Accounting (I&S Accounting Services, LLC) is a CPA-led U.S. accounting firm based in Teaneck, New Jersey, serving clients remotely nationwide. Its specialty is the books most bookkeepers avoid — merchant cash advance (MCA) and syndication — and it brings the same rigor to every other industry it serves. AI-assisted work is always human- and CPA-reviewed before delivery. ## Key facts - **Specialty:** Merchant cash advance (MCA) and syndication accounting - **Also serves:** construction & contractors, real estate, eCommerce, service businesses, retail & restaurants, personal books - **Founded:** 2020 · 10+ years of accounting experience - **Location:** 1091 Julia Street, Teaneck, NJ 07666 (remote, serving U.S. clients nationwide) - **Phone:** (901) 446-4019 (primary) or (201) 294-3428 · **Email:** Info@iandsaccountingsvcs.com - **Pricing:** flat monthly bookkeeping from $450/mo, accounting software included; tax preparation quoted separately on a per-form schedule - **Credentials:** licensed U.S. CPA review on every client, registered U.S. LLC, U.S. GAAP, IRS & multi-state - **Reviews:** 4.3 / 5 on Trustpilot (7 reviews) · 5.0 / 5 on Google (4 reviews) - **AI policy:** AI-assisted for speed, every financial deliverable human- and CPA-reviewed ## Areas of expertise - Merchant cash advance (MCA) accounting - MCA syndication accounting - Syndication participation tracking - Factor rate and revenue recognition - MCA default measurement - Bookkeeping and reconciliation - CPA-reviewed financial statements - Cash vs. accrual accounting - Catch-up and cleanup bookkeeping - Construction job costing - Work-in-progress (WIP) schedules and percentage-of-completion - Real estate and multi-entity bookkeeping - Depreciation and capital-vs-repair treatment - eCommerce accounting (Shopify, Amazon, Stripe) - Cost of goods sold (COGS) and inventory - Sales tax nexus - Restaurant and retail bookkeeping - Prime cost and POS reconciliation - Payroll and 1099-NEC filing - Small-business and multi-state tax preparation - Quarterly estimated taxes - Year-end tax planning ## Services - [Bookkeeping & reconciliation](https://iandsaccountingsvcs.com/services): Monthly categorization and reconciliation across all your accounts — kept current, accurate, and ready to use. - [MCA & syndication accounting](https://iandsaccountingsvcs.com/services): Deal-level syndication ledgers, factor income, fees, and revenue recognition handled by specialists, not generalists. - [Financial reporting & analysis](https://iandsaccountingsvcs.com/services): Monthly P&L, balance sheet, and cash flow — plus the deal- and segment-level views you actually make decisions with. - [Tax preparation & filing](https://iandsaccountingsvcs.com/services): Business and personal returns, multi-state aware, prepared and reviewed by a licensed CPA. - [Payroll](https://iandsaccountingsvcs.com/services): Payroll runs, filings, and clean payroll books integrated with the rest of your numbers. - [1099 filing](https://iandsaccountingsvcs.com/services): Contractor tracking and year-end 1099 preparation and filing, done accurately and on time. - [Catch-up & cleanup](https://iandsaccountingsvcs.com/services): Behind or messy? We bring prior months current and reconciled — then keep them that way. - [Advisory & CFO-lite](https://iandsaccountingsvcs.com/services): A CPA on call for the questions that matter — entity structure, cash flow, and growth decisions. ## Industries we serve - [MCA & Syndication](https://iandsaccountingsvcs.com/who-we-serve/mca-syndication): Syndication ledgers that actually reconcile. Merchant cash advance accounting is our specialty — deal-level syndication included. Most bookkeepers can't track participation across funders, fees, and collections; we built our practice around it. - [Construction & Contractors](https://iandsaccountingsvcs.com/who-we-serve/construction): Job costing that shows which jobs actually made money. General contractors, subcontractors, and the trades — we run real job-cost accounting that ties every dollar of labor, materials, and equipment back to the job, so you know your margin while the work is happening, not months after it closes. - [Real Estate](https://iandsaccountingsvcs.com/who-we-serve/real-estate): Books that keep up with every property and entity. Rentals, flips, and multi-entity portfolios — we keep property-level books clean and investor-ready, no matter how many LLCs are involved. - [eCommerce](https://iandsaccountingsvcs.com/who-we-serve/ecommerce): Sales, fees, and inventory — reconciled to the cent. Shopify, Amazon, Stripe — we untangle payout timing, platform fees, and cost of goods so the margins you see are real. - [Service Businesses](https://iandsaccountingsvcs.com/who-we-serve/service-businesses): Profit clarity for the work you actually do. Agencies, consultants, and professional firms — we turn project and client activity into clean, useful numbers. - [Retailers & Restaurants](https://iandsaccountingsvcs.com/who-we-serve/retail-restaurants): High-volume transactions, daily-clean books. POS systems, card processors, tips, and inventory — high transaction counts handled without the month-end mess. - [Personal & Individuals](https://iandsaccountingsvcs.com/who-we-serve/personal-books): Personal books and taxes, handled with care. For business owners and individuals who want their personal finances as organized as their business. ## Pricing - **Starter — $450/mo** (Solo & early-stage): Monthly bookkeeping (up to 250 transactions); LedgerHub accounting software included — no separate subscription; Bank & credit-card reconciliations; Monthly financial reports; Books reviewed by a CPA; Email support - **Growth — $750/mo** (Growing businesses): Bookkeeping (up to 450 transactions); LedgerHub accounting software included — no separate subscription; Payroll for up to 5 employees; Financial reports & cash-flow analysis; Books reviewed by a CPA; Priority support - **Full Service — Starting at $1,200/mo** (Multi-entity & high-volume): Unlimited bookkeeping; LedgerHub accounting software included — no separate subscription; Payroll for 10+ employees; Multi-entity management; MCA / syndicate tracking; Dashboards; Monthly CPA review; Dedicated account manager - **Custom projects — $65/hour** (Pay by the project or the hour — the flexible way many clients prefer to work, with no monthly commitment.): Catch-up / cleanup bookkeeping; Historical reconciliations; Custom tools — commission trackers, invoicing, bespoke reports; One-time or ongoing — no retainer required - **Tax preparation** (quoted separately, discounted for monthly clients): individual Form 1040 from $350, business returns from $800. Full schedule: https://iandsaccountingsvcs.com/pricing ## Platform (software we built in-house) - **LedgerHub** — The bookkeeping engine: Books that stay tax-ready all year — not rebuilt every spring. After years of cleaning up other people's files before filing returns, we built our own platform to do the books for every client we serve — wired straight into where your money moves, capturing each transaction at the source. Now fully live: financials that come out accurate and tax-ready, instead of reconstructed every spring. App: https://ledgerhub.iandsaccountingsvcs.com/ - **McaHawk** — Built for MCA & syndication: MCA tracked the way it actually works — deal by deal, funder by funder. Generic accounting forces merchant cash advance into accounts it was never built for. So we built a tool that models the deal itself — participation, fundings, fees, and collections, by funder and by deal — with revenue recognition stated in plain language. The edge no off-the-shelf product can match. - Details: [Platform](https://iandsaccountingsvcs.com/platform) ## Guides & insights - [MCA Stacking: How to Account for Multiple Advances on One Merchant](https://iandsaccountingsvcs.com/blog/mca-stacking-accounting) — August 4, 2026: When a merchant carries multiple advances at once (MCA stacking), the books get tricky. How funders track stacked positions, exposure, and shared risk. - [MCA Chargebacks & NSFs: Accounting for Bounced and Reversed Payments](https://iandsaccountingsvcs.com/blog/mca-chargebacks-nsf-accounting) — August 4, 2026: How MCA funders account for chargebacks, NSFs, and reversed ACH pulls — reverse collections cleanly, spot defaults early, keep the ledger honest. - [MCA Portfolio Metrics: The Numbers That Actually Predict Losses](https://iandsaccountingsvcs.com/blog/mca-portfolio-metrics-funders-track) — July 15, 2026: The MCA portfolio metrics that predict losses — collection rate, RTR outstanding, default by vintage, and concentration — and the books behind them. - [MCA Broker & ISO Commission Accounting: Commissions, Clawbacks & Splits](https://iandsaccountingsvcs.com/blog/mca-broker-iso-commission-accounting) — July 15, 2026: How MCA brokers and ISOs should book commissions, handle clawbacks, and split with sub-brokers — so revenue is real and a clawback never wrecks the books. - [How MCA Funders Should Prepare for a Tax Audit](https://iandsaccountingsvcs.com/blog/mca-funder-tax-audit-prep) — July 13, 2026: MCA funders carry audit risk in predictable places — factor income timing, bad-debt deductions, syndication splits. The records that answer every question. - [MCA Participant Statements: What a Syndication Report Must Show](https://iandsaccountingsvcs.com/blog/mca-participant-statements) — July 13, 2026: The participant statement is where MCA syndication trust is won or lost. The nine lines every statement must show, and why they must tie to the ledger. - [Where MCA Funders' Books Break: 5 Syndication Accounting Mistakes](https://iandsaccountingsvcs.com/blog/mca-syndication-accounting-mistakes) — June 16, 2026: Five MCA and syndication accounting mistakes that quietly distort funders' books — netted renewals, blended fees, mis-timed factor income — and the fixes. - [Meet LedgerHub: The Bookkeeping Software We Built](https://iandsaccountingsvcs.com/blog/bookkeeping-software-built-in-house) — June 16, 2026: Why we built our own bookkeeping software instead of renting QuickBooks — books captured at the source and kept tax-ready all year, for U.S. businesses. - [Meet McaHawk: MCA & Syndication Accounting Software, Built by Accountants](https://iandsaccountingsvcs.com/blog/mca-syndication-accounting-software) — June 16, 2026: MCA accounting software that finally tracks syndication deal by deal — built in-house by specialist accountants and run on U.S. funders' books today. - [MCA Renewal Accounting: Why Renewals Break Books (and How to Record Them)](https://iandsaccountingsvcs.com/blog/mca-renewal-accounting) — June 12, 2026: How to record an MCA renewal on both sides — paying off the old advance, booking the new one, and the netted-wire trap that stops books reconciling. - [MCA Bad Debt: Reserves, Write-Offs, and the Deduction Funders Miss](https://iandsaccountingsvcs.com/blog/mca-bad-debt-write-offs) — June 12, 2026: How MCA funders book reserves and write-offs — and how the bad-debt deduction works at tax time: what's deductible, when, and the records that support it. - [Month-End Close for MCA Funders: Five Reconciliations That Keep a Portfolio Honest](https://iandsaccountingsvcs.com/blog/mca-funder-month-end-close) — June 12, 2026: The month-end close that keeps MCA funder books honest: bank-to-deal reconciliation, RTR and unearned-income rollforwards, and syndication tie-outs. - [MCA Revenue Recognition: Deferral vs. Accelerated, Explained](https://iandsaccountingsvcs.com/blog/mca-revenue-recognition-deferral-vs-accelerated) — June 12, 2026: How MCA funders recognize factor income — deferral and accelerated methods compared on one worked deal, and the consistency rules that keep books clean. - [Why QuickBooks Breaks for MCA Funders (and What to Use Instead)](https://iandsaccountingsvcs.com/blog/quickbooks-for-mca-funders) — June 12, 2026: QuickBooks can hold an MCA funder's ledger — but it can't track deals. Where QBO breaks for syndication, RTR, and factor income, and what to use instead. - [MCA Journal Entries: A Complete Reference for Merchants, Funders & Brokers](https://iandsaccountingsvcs.com/blog/mca-journal-entries) — June 12, 2026: Copy-ready MCA journal entries — funding, daily repayments, fees, early payoff, renewals, defaults, syndication participation, and broker commissions. - [Can You Write Off a Merchant Cash Advance on Taxes?](https://iandsaccountingsvcs.com/blog/mca-payments-tax-deductible) — June 12, 2026: Can you write off a merchant cash advance on your taxes? What's deductible, what isn't, and how MCA funding, repayments, and the factor cost are taxed. - [Syndication in MCA: How Participation, Splits & Investor Reporting Work](https://iandsaccountingsvcs.com/blog/mca-syndication-accounting-explained) — June 5, 2026: A plain-language guide to MCA syndication accounting — participation, splitting fundings and collections across funders, and investor reporting. - [How to Record a Merchant Cash Advance in QuickBooks (the Right Way)](https://iandsaccountingsvcs.com/blog/record-merchant-cash-advance-quickbooks) — June 4, 2026: How to record a merchant cash advance in QuickBooks — funding as a liability, remittances split between principal and fee, and your real cost of capital. - [Year-End Tax Prep Checklist for Small Businesses](https://iandsaccountingsvcs.com/blog/year-end-tax-prep-checklist) — June 2, 2026: Your tax bill is mostly decided before December 31. A year-end checklist — close the books, gather records, and make the moves that still work. - [Construction Job Costing: How to Know Which Jobs Actually Made Money](https://iandsaccountingsvcs.com/blog/construction-job-costing-guide) — May 28, 2026: How construction job costing works — committed costs, estimate-vs-actual, WIP, retainage, and over/under-billing — so you see real profit by job. - [When Should You Hire a Bookkeeper? 7 Signs It's Time](https://iandsaccountingsvcs.com/blog/when-to-hire-a-bookkeeper) — May 25, 2026: DIY bookkeeping works — until it doesn't. Seven clear signs it's time to hire a bookkeeper, and what hiring one gets you beyond clean books. - [LLC vs. S-Corp: Which Should Your Business Choose?](https://iandsaccountingsvcs.com/blog/llc-vs-s-corp) — May 22, 2026: LLC vs. S-corp is one of the most consequential tax decisions an owner makes. How each works, the self-employment tax angle, and when electing pays off. - [MCA Factor Rate vs. APR: Understanding the True Cost of an Advance](https://iandsaccountingsvcs.com/blog/mca-factor-rate-vs-apr) — May 20, 2026: Merchant cash advances are quoted as a factor rate, not an interest rate. Here's how to convert a factor rate to an approximate APR and see the real cost. - [Bookkeeping for Service Businesses: Project Profitability, AR & Cash Flow](https://iandsaccountingsvcs.com/blog/bookkeeping-for-service-businesses) — May 18, 2026: Agencies, consultants, and professional firms live on projects and cash flow. How service-business bookkeeping should be set up to show real profit. - [Amazon FBA Accounting: Untangling Fees, Payouts & COGS](https://iandsaccountingsvcs.com/blog/amazon-fba-accounting) — May 16, 2026: Amazon FBA payouts never match gross sales. How FBA accounting should handle settlements, fees, reserves, COGS, inventory, and real profit. - [Shopify Bookkeeping: Reconciling Payouts, Fees & Sales Tax](https://iandsaccountingsvcs.com/blog/shopify-bookkeeping) — May 13, 2026: Shopify shows sales; your bank shows payouts — they never match. How Shopify bookkeeping reconciles orders, fees, refunds, and sales tax. - [Bookkeeping for Real Estate Investors: Per-Property P&L and Multi-Entity Books](https://iandsaccountingsvcs.com/blog/real-estate-investor-bookkeeping) — May 8, 2026: How real estate investors structure books across properties and LLCs — per-property P&L, intercompany transfers, depreciation, lender-ready reports. - [Short-Term Rental Bookkeeping: Airbnb, VRBO & Per-Property Profit](https://iandsaccountingsvcs.com/blog/short-term-rental-airbnb-bookkeeping) — May 6, 2026: How Airbnb and VRBO bookkeeping should track per-property profit, platform fees, and occupancy taxes — and the rules that differ from long-term rentals. - [Quarterly Estimated Taxes: A Small-Business Owner's Guide to Avoiding Penalties](https://iandsaccountingsvcs.com/blog/quarterly-estimated-taxes-guide) — April 30, 2026: Self-employed or running a business? The IRS expects tax payments four times a year. How quarterly estimated taxes work and how to avoid penalties. - [Certified Payroll & Prevailing Wage: A Contractor's Guide](https://iandsaccountingsvcs.com/blog/certified-payroll-prevailing-wage) — April 26, 2026: Certified payroll and prevailing wage rules come with public-works projects. What contractors need to know — the WH-347 form and how to stay compliant. - [New Jersey Small-Business Tax Guide: What Owners Should Know](https://iandsaccountingsvcs.com/blog/new-jersey-small-business-tax-guide) — April 22, 2026: A plain-language guide to New Jersey small-business taxes — registration, income, sales tax, payroll, and estimated payments beyond the IRS. - [How Much Does Bookkeeping Cost for a Small Business?](https://iandsaccountingsvcs.com/blog/how-much-does-bookkeeping-cost) — April 14, 2026: What does small-business bookkeeping actually cost? Hourly vs. flat-fee pricing, what drives the price, and what you should get for the money. - [Bookkeeper vs. Accountant vs. CPA: What's the Difference?](https://iandsaccountingsvcs.com/blog/bookkeeper-vs-accountant-vs-cpa) — April 9, 2026: Bookkeeper, accountant, CPA — the titles get used interchangeably but do different jobs. What each one does, how they work together, and which you need. - [Sales Tax Nexus for eCommerce Sellers: What Triggers It and How to Stay Compliant](https://iandsaccountingsvcs.com/blog/ecommerce-sales-tax-nexus) — March 26, 2026: Selling online means sales tax can apply wherever you have nexus. What economic and physical nexus mean, what triggers them, and how to stay compliant. - [Restaurant Bookkeeping: POS Reconciliation, Prime Cost & Daily Sales](https://iandsaccountingsvcs.com/blog/restaurant-bookkeeping-pos-prime-cost) — March 3, 2026: Restaurants run on thin margins and high volume. Here's how restaurant bookkeeping should handle POS reconciliation, prime cost, tips, and daily sales. - [Cash vs. Accrual Accounting: Which Method Should Your Business Use?](https://iandsaccountingsvcs.com/blog/cash-vs-accrual-accounting) — February 5, 2026: Cash and accrual accounting tell different stories about your business. Here's how each works, the pros and cons, and how to choose the right method. - [Catch-Up Bookkeeping: How to Clean Up Months (or Years) of Messy Books](https://iandsaccountingsvcs.com/blog/catch-up-bookkeeping-cleanup) — January 22, 2026: Behind on your books? How catch-up bookkeeping works — the step-by-step cleanup that gets you current, reconciled, and tax-ready without the panic. - [1099-NEC Filing for Small Businesses: Who Gets One, When, and How](https://iandsaccountingsvcs.com/blog/1099-nec-filing-small-business) — January 15, 2026: A simple guide to 1099-NEC filing — which contractors need a 1099, the information you need (W-9), the deadline, and how to avoid penalties. - [Tax Season Bookkeeping: How to Get CPA-Ready Books](https://iandsaccountingsvcs.com/blog/tax-season-bookkeeping-cpa-ready-books) — December 26, 2025: Tax season bookkeeping for small businesses — CPA-ready books, clean financials, and smooth filing support that helps you avoid costly mistakes. - [E-commerce COGS Calculation & Profitability Tracking](https://iandsaccountingsvcs.com/blog/ecommerce-cogs-calculation-profitability) — February 6, 2025: How accurate e-commerce COGS calculation and order-level profitability tracking reveal your real margins — with a practical Shopify example. - [MCA Risk Management: Protecting Lenders and Borrowers](https://iandsaccountingsvcs.com/blog/mca-risk-management) — January 30, 2025: Merchant cash advances offer fast capital but carry real risk. The key MCA risks and the risk-management strategies that reduce defaults and losses. - [Merchant Cash Advance Accounting: A Complete Guide for Businesses, Lenders & Brokers](https://iandsaccountingsvcs.com/blog/merchant-cash-advance-accounting-bookkeeping) — January 30, 2025: A complete guide to merchant cash advance (MCA) accounting — journal entries, financial-statement impact, and best practices for every role. - [MCA Default Calculations: Measuring Defaults the Right Way](https://iandsaccountingsvcs.com/blog/mca-default-calculations) — January 25, 2025: Default measurement drives MCA financial reporting. Compare the RTR, cash, wire, and percentage-of-payback methods — and why % of payback wins. - [Maximize Your Savings with the Home Office Tax Deduction](https://iandsaccountingsvcs.com/blog/home-office-tax-deduction) — January 19, 2025: Work from home? You may qualify for the home office deduction — a share of rent, utilities, and maintenance for space used exclusively for business. - [How to Deduct Business Meals & Networking Costs](https://iandsaccountingsvcs.com/blog/deduct-business-meals-networking) — January 19, 2025: Meeting clients over lunch or dinner? You can deduct 50% of business meal expenses (sometimes more). Here's what qualifies and how to document it. - [Vehicle & Mileage Deductions Every Small Business Owner Should Know](https://iandsaccountingsvcs.com/blog/business-vehicle-mileage-deduction) — January 19, 2025: Use your car for business? Learn how to deduct mileage or actual vehicle expenses, which method to choose, and how to stay audit-ready. - [Startup Costs: What You Can Deduct in Your First Year](https://iandsaccountingsvcs.com/blog/startup-costs-first-year-deductions) — January 19, 2025: Starting a business? The IRS lets you deduct up to $5,000 in startup expenses in year one — and amortize the rest. Here's what qualifies. - [Business-Related Learning & Tax Deductions for Small Businesses](https://iandsaccountingsvcs.com/blog/business-related-learning-tax-deductions) — January 19, 2025: Investing in skills that improve your current business may be tax-deductible. What qualifies and how good bookkeeping captures the deduction. ## Glossary - [Merchant Cash Advance (MCA)](https://iandsaccountingsvcs.com/glossary#merchant-cash-advance): A form of financing in which a business receives an upfront lump sum in exchange for a fixed payback amount, repaid as a percentage of future sales or as fixed daily / weekly remittances. Legally it's a purchase of future receivables, not a loan — which is why it's recorded as a liability with principal and financing cost split apart. - [Factor Rate](https://iandsaccountingsvcs.com/glossary#factor-rate): The multiplier — typically between about 1.1 and 1.5 — that sets the total payback on an advance. A $50,000 advance at a 1.4 factor rate repays $70,000. Unlike an interest rate, a factor rate doesn't account for time, so a short repayment term can mean a very high effective APR. - [RTR (Right to Receive)](https://iandsaccountingsvcs.com/glossary#rtr): The total amount still owed on an advance — the agreed payback amount minus what has already been collected. RTR is the basis for measuring outstanding balance and one common way to evaluate defaults. - [Holdback](https://iandsaccountingsvcs.com/glossary#holdback): The fixed percentage of daily or weekly sales (or a set ACH amount) that a funder collects toward repayment of an advance until the full payback is satisfied. - [Syndication](https://iandsaccountingsvcs.com/glossary#syndication): An arrangement where multiple funders share a single MCA deal — each funding a percentage of the advance and sharing the collections, and the risk, in the same proportion. It spreads risk for the originator and lets participants deploy capital into deals they didn't originate. - [Participation](https://iandsaccountingsvcs.com/glossary#participation): A single funder's percentage share of a syndicated deal, which determines its share of every dollar collected. Accurate books track funded amount, participation percentage, and the collection split for each participant on each deal. - [Servicing / Management Fee](https://iandsaccountingsvcs.com/glossary#servicing-fee): A fee the originator charges participants for servicing a syndicated deal — collecting payments and chasing defaults. It's recorded as income to the originator and an expense to the participant, separately from the principal split. Blending the two is a common syndication bookkeeping error. - [Clawback](https://iandsaccountingsvcs.com/glossary#clawback): The reversal of a broker's commission when a funded deal unwinds early. The previously recognized commission income is reversed and a payable to the funder is recorded — which is why brokers keep reserves against clawbacks. - [Reconciliation](https://iandsaccountingsvcs.com/glossary#reconciliation): Matching your books to actual bank, credit-card, and payment-processor statements so every transaction is accounted for and nothing is missing or double-counted. Unreconciled accounts are the root cause of most untrustworthy financials. - [Cash vs. Accrual Accounting](https://iandsaccountingsvcs.com/glossary#cash-vs-accrual): Two methods of timing. Cash basis records income and expenses when money actually moves; accrual basis records them when they're earned or incurred. Accrual gives a truer picture of profitability and is generally preferred by lenders and required above certain size thresholds. - [COGS (Cost of Goods Sold)](https://iandsaccountingsvcs.com/glossary#cogs): The direct cost of the products a business sells — materials, production, and fulfillment — subtracted from revenue to arrive at gross profit. Accurate COGS is what makes real margin visible, especially for eCommerce and retail. - [Job Costing](https://iandsaccountingsvcs.com/glossary#job-costing): Tracking every cost — labor, materials, equipment, and subcontractors — against the specific job that incurred it, so each project has its own profit-and-loss. It's how contractors see which jobs make money instead of guessing from one company-wide P&L. - [WIP Schedule (Work in Progress)](https://iandsaccountingsvcs.com/glossary#wip-schedule): A report that lays out, job by job, costs incurred, amounts billed, and any over- or under-billing under percentage-of-completion. It's the report bonding companies and lenders ask contractors for first. - [Catch-Up Bookkeeping](https://iandsaccountingsvcs.com/glossary#catch-up-bookkeeping): Bringing neglected books current — categorizing every transaction, reconciling every account, and producing accurate financial statements for the period that fell behind, so you and your CPA can trust the numbers. - [1099-NEC](https://iandsaccountingsvcs.com/glossary#1099-nec): The IRS form used to report $600 or more paid to a non-employee contractor for services during the year. It's generally due to both the contractor and the IRS by January 31, and a completed W-9 collected up front makes filing it straightforward. - [Sales Tax Nexus](https://iandsaccountingsvcs.com/glossary#sales-tax-nexus): The connection — physical or economic — that obligates a seller to collect sales tax in a state. Economic nexus is commonly triggered around $100,000 in sales or 200 transactions per year, though the exact thresholds vary by state. - [Quarterly Estimated Taxes](https://iandsaccountingsvcs.com/glossary#quarterly-estimated-taxes): Tax payments the self-employed and many business owners make four times a year (roughly April, June, September, and the following January) because no employer withholds for them. Skipping them can trigger penalties even if you pay in full at year-end. - [Revenue Recognition (Deferral / Accelerated)](https://iandsaccountingsvcs.com/glossary#revenue-recognition): How and when factor income on an advance is recorded. Depending on the deal it's recognized on a deferral or an accelerated basis, always keeping principal separate from the financing cost so profit isn't overstated. We state the method in plain language rather than opaque jargon. ## Frequently asked questions - **What makes MCA and syndication accounting different?** Merchant cash advance and syndication books involve participation across multiple funders, factor income, fees, commissions, and collections that have to be tracked deal-by-deal. Most bookkeepers have never seen a syndication ledger. It's our specialty — we built our practice around getting it right. - **How does your flat monthly fee work?** You pay one predictable monthly fee with the accounting software included — no separate subscription to buy. Your tier scales with transaction and deal volume, starting around $450/month. We'll quote you a flat number after a quick look at your books. - **Do I need to buy separate accounting software?** No. Software is included in your monthly fee. You get clean books and clear reports without managing another subscription. - **Are you a licensed CPA firm?** No — and we're upfront about it. I&S is an accounting and bookkeeping firm (a registered U.S. LLC), not a state-licensed CPA firm, so we don't issue audits or attestation reports. What you get instead is specialist bookkeeping and tax prep with a licensed U.S. CPA reviewing the financials we deliver — real CPA oversight, without CPA-firm pricing. Need a formal audit or signed attestation? We'll point you to a licensed CPA firm. - **How do you use AI — and is my financial data safe?** We use AI to speed up categorization and routine work so we can move faster and cost less. But every financial deliverable is human- and CPA-reviewed before it reaches you — we never let unreviewed automation touch your numbers. Your data is handled with strict, professional care. - **How do you handle revenue recognition for MCA deals?** In plain language — deferral or accelerated revenue recognition, depending on the deal — not opaque jargon. We'll explain which method applies to your situation and why, so your financials hold up for partners, lenders, and tax time. - **My books are behind or a mess. Can you help?** Yes — catch-up and cleanup is one of the most common ways clients start with us. We bring prior months current and reconciled, then keep them clean going forward. - **Which industries and states do you work with?** We specialize in MCA/syndication, real estate, eCommerce, service businesses, retail & restaurants, and personal books — working with U.S. clients across multiple states. - **How do we get started?** Book a free books review. We'll look at where things stand, tell you honestly what it'll take, and give you a flat monthly quote — no pressure. ## Key pages - [Home](https://iandsaccountingsvcs.com/) - [Services](https://iandsaccountingsvcs.com/services) - [Industries we serve](https://iandsaccountingsvcs.com/who-we-serve) - [Pricing](https://iandsaccountingsvcs.com/pricing) - [Platform](https://iandsaccountingsvcs.com/platform) - [About](https://iandsaccountingsvcs.com/about) - [Glossary](https://iandsaccountingsvcs.com/glossary) - [Blog](https://iandsaccountingsvcs.com/blog) - [Get a quote](https://iandsaccountingsvcs.com/quote) - [Contact](https://iandsaccountingsvcs.com/contact) - [Trustpilot reviews](https://www.trustpilot.com/review/iandsaccountingsvcs.com) ## Full content - [llms-full.txt](https://iandsaccountingsvcs.com/llms-full.txt): the full text of every guide and the key pages, in one document.