Frequently Asked Questions

Find answers to common questions about our services, processes, and how we work.

📌 General Questions

What does SKP HUB LLP stand for?

SKP represents the founding principles behind our firm, and HUB reflects our role as your single point of contact — connecting you with the right expertise for accounting, technology, and property reporting.

Where are we located?

We are headquartered in Hyderabad, India, and serve clients across the USA, UK, Canada, Australia, the Middle East, and China.

How do you protect my data?

We never directly access your bank accounts. You provide statements securely. All data is handled with strict confidentiality, and we sign NDAs where requested. We never sell or rent client information.

How long have you been in business?

Our journey began in 2015 as a group of eight like-minded professionals. Today, we are a collective of 36 professionals working across domains to serve clients worldwide. We formalized as SKP HUB LLP in 2026.

Do you work with clients outside India?

Yes. We serve clients across the USA, UK, Canada, Australia, the Middle East, and China. We are experienced in coordinating across time zones and accommodate early morning or evening calls as needed.

What makes SKP HUB LLP different from other firms?

We provide a single point of contact — you deal with the same person who knows your business. We offer a 15% discount on quarterly billing, and all work is reviewed before delivery. We’re not just a vendor; we’re your partner.

Do you sign Non-Disclosure Agreements (NDAs)?

Yes. We are happy to sign NDAs before discussing any confidential information. Client confidentiality is a core value at SKP HUB.LLP

Can you handle urgent or short-term projects?

Yes. We offer flexible engagement models including trial engagements (1 week to 1 month) and project-based work. We can scale up or down based on your needs.

📊 Accounting Questions

What software do you work with?

We are platform-agnostic. We work with QuickBooks, Xero, Zoho Books, Sage, NetSuite, SAP, and property-specific platforms like YARDI, MRI, CAMACCT, and M3.

Do you offer bookkeeping for small businesses?

Yes. We handle day-to-day bookkeeping for small businesses, individuals, family businesses, and mid-sized organizations.

Do you handle accounts payable and receivable?

Yes. We manage full AP/AR cycles — invoice processing, vendor management, payment scheduling, invoice generation, payment posting, and collection support.

Can you help with bank reconciliations?

Yes. We reconcile bank and credit card accounts using client-provided statements. We never directly access your bank accounts. Unmatched items are flagged within one business day.

Do you handle month-end close?

Yes. We complete month-end close within 5–7 business days, with full supporting schedules including accruals, prepaids, depreciation, and adjusting entries.

How fast do you resolve invoice discrepancies?

Any issues with invoices are flagged and reported to you within one business day.

Will my books be audit-ready?

Yes. We maintain GAAP-compliant records with full supporting documentation, so you’re ready for audits or tax season at any time.

Can you help with financial reporting?

Yes. We prepare GAAP-compliant Profit & Loss, Balance Sheet, and Cash Flow statements, along with audit-ready workpapers and year-end tax packages.

What's your track record on overdue accounts?

Any issues with invoices are flagged and reported to you within one business day.

Do you work with property management accounting?

Yes. We specialize in property accounting — per-property financials, CAM reconciliations, tenant billing, owner distributions, and investor reporting packages.

Do you work with international clients?

Yes. We serve clients across the USA, UK, Canada, Australia, the Middle East, and China. We invoice in multiple currencies and handle multi-currency accounting.

What is your pricing model for accounting services?

We offer flexible engagement models — monthly retainers starting at $750/month, project-based pricing, and trial engagements. Quarterly billing includes a 15% discount.

💻 Technology Questions

What technology services do you offer?

We offer full-stack technology services — UI/UX design, web development, mobile app development, enterprise IT consulting, legacy system modernization, AI-ready architecture, ERP implementation, and cloud migration.

Do you only build websites?

No. We offer web development, mobile apps, enterprise IT consulting, legacy system modernization, AI-ready architecture, ERP implementation, and cloud migration.

What platforms do you support for web development?

We work with WordPress, React, Angular, Vue.js, Node.js, PHP, and HTML5/CSS3.

What mobile app platforms do you support?

We build native iOS apps (Swift), native Android apps (Kotlin), and cross-platform apps (Flutter, React Native).

What is UI/UX design and do you offer it?

Yes. We offer UI/UX design services — user research, wireframing, prototyping, visual design, usability testing, and tools like Figma, Adobe XD, Sketch, and InVision.

Can you modernize our old systems?

Yes. We specialize in legacy modernization — from COBOL mainframes to outdated .NET applications — using AI-assisted code analysis to extract business rules and migrate without disruption.

What is AI-ready architecture?

We modernize legacy systems with AI readiness in mind — API enablement, data modernization for analytics and machine learning, and containerization for portability across cloud environments.

Do you help with ERP implementation?

Yes. We guide you through selection, setup, and ongoing management of Oracle NetSuite, SAP Business One, and Microsoft Dynamics 365.

Do you handle cloud migration?

Yes. We help move your infrastructure to AWS, Azure, or Google Cloud with minimal disruption. You maintain your own cloud account; we provide architecture, migration expertise, and ongoing optimization.

What platforms do you support for legacy modernization?

We work with COBOL, AS/400, PowerBuilder, RPG, Java, .NET, Oracle Forms, and other legacy systems.

Who pays for software licenses?

You do. We guide you through selection and setup, but software subscriptions (QuickBooks, NetSuite, AWS, etc.) are purchased directly by you. Our fees cover implementation, configuration, and ongoing support.

What is your pricing model for technology services?

We offer project-based pricing for web and mobile development, and monthly retainers for ongoing IT support. Quarterly billing includes a 15% discount.

🏢 Property Accounting Questions

What is property accounting?

Property accounting is the specialized accounting for real estate properties — tracking income, expenses, and financial performance for each property individually. It includes per-property financials, CAM reconciliations, tenant billing, and investor reporting.

Do you manage properties?

No. We handle the accounting — per-property financials, CAM reconciliations, tenant billing, and investor reporting. You manage the buildings; we manage the numbers.

What platforms do you support for property accounting?

We work with YARDI, MRI, CAMACCT, M3, as well as QuickBooks and NetSuite for smaller portfolios.

Do you handle per-property financials?

Yes. We treat each property as its own profit center — with separate P&L, Balance Sheet, and budget vs actual analysis.

Do you handle bank reconciliations for properties?

Yes. We reconcile bank and credit card accounts for each property using client-provided statements. We never directly access your bank accounts. Unmatched items are flagged within one business day.

What about accruals and prepaids for properties?

Yes. We handle accruals, prepaids, depreciation, and other adjusting entries to ensure GAAP-compliant financials for each property.

Do you handle tenant billing and collections?

Yes. We manage tenant billing for rent, CAM charges, and other recoveries, along with collections support and AR aging reports.

Can you help with CAM reconciliations?

Yes. We handle the full lifecycle — CAM pool setup, tenant billing, and reconciliation reports with full documentation for tenants and auditors.

Do you handle owner distributions?

Yes. We calculate and document cash distributions based on ownership percentages, with full supporting schedules for owners and investors.

What is included in investor reporting?

We prepare quarterly and annual reports with full supporting schedules — P&L, Balance Sheet, Cash Flow, variance analysis, and audit-ready workpapers.

Do you work with commercial and residential properties?

Yes. We work with both commercial properties (retail, office, industrial) and residential portfolios (apartments, multi-family).

What is your pricing model for property accounting?

We offer portfolio-based pricing — starting at $750/month per portfolio. Quarterly billing includes a 15% discount. Pricing scales with portfolio size (1–3 properties, 4–10 properties, 11–20 properties, 20+ properties custom).

💰 Billing & Engagement Questions

How do I get started?

What is your pricing model?

We offer monthly retainers, project-based pricing, and trial engagements. All pricing is transparent with no hidden fees.

Do I need a long-term contract?

No. All our engagements are month-to-month unless otherwise agreed. You can cancel with 30 days’ notice.

Do you charge setup fees?

For most engagements, setup and onboarding are included in your first month’s fee. For complex projects (ERP implementation, legacy modernization), setup is scoped separately.

What payment frequencies do you offer?

You can choose weekly, bi-weekly, monthly, or quarterly billing. Quarterly billing includes a 15% discount.

What forms of payment do you accept?

We accept bank transfers, wire transfers, and online payments. Invoices include payment instructions.

How does the quarterly discount work?

If you choose to pay quarterly instead of monthly, we apply a flat 15% discount to your total quarterly invoice. It’s that simple.

Can I switch from monthly to quarterly later?

Absolutely. Just let us know, and we’ll adjust your next billing cycle.

In what currency will I be invoiced?

By default, invoices are in USD. We can also invoice in GBP, AUD, AED, CAD, CNY or EUR upon request, with transparent exchange rates.

Who bears currency conversion costs?

If we invoice in your local currency at your request, we bear the conversion cost. If you pay in USD, any conversion fees from your bank are your responsibility.

How are exchange rates determined?

We use the exchange rate published in the Wall Street Journal on the business day immediately preceding the invoice date. Upon mutual agreement, we may use a 30-day average rate or lock rates for long-term engagements.

Are your fees tax-inclusive?

All fees are exclusive of taxes. You are responsible for any applicable GST, VAT, or other taxes imposed by your jurisdiction.

Still Have Questions?

We’re here to help. Contact us and we’ll get back to you within one business day.