Accounts Payable Services & AP Automation Providers in Des Moines, IA

Overview

Performance Financial Tax & Accounting is a CPA practice with offices in Des Moines and Pella, Iowa. It works mainly with small and owner-managed companies. Its core offering pairs recurring bookkeeping with tax return preparation and year-round tax planning. The firm positions this as an outsourced finance function for businesses that would rather not hire an in-house accountant.

For buyers comparing accounts payable support, the relevant piece is the firm's monthly accounting work. That work includes reconciling payables along with cash, card and receivable balances. The firm does not offer a standalone AP automation platform.

Accounting work is organized into three tiers. The entry tier covers:

• Monthly reconciliation of bank, credit card, receivable and payable accounts
• Depreciation and inventory tracking
• Recording loan activity and matching it to lender statements
• Management reporting
• Help with payroll

The controller tier adds an hour-long monthly review of the financial statements and KPIs tailored to the client. It also includes coordination of any attest engagements run by an outside firm. The CFO tier goes further, with hands-on support for leadership and coaching for client staff. It also covers designing and managing internal processes so routine finance tasks are completed on time.

How Engagements Work

New clients usually begin with a cleanup of their existing books and a rebuilt chart of accounts. The firm then reviews the client's operations and drafts a tax mitigation plan. Ongoing work is billed as a recurring monthly retainer and includes:

• Monthly bookkeeping
• Payroll configuration
• Remitting estimated tax payments on the owner's behalf
• Monthly or quarterly check-ins
• Year-end financial statements
• Preparation of business and personal returns

The firm suggests clients run their books in QuickBooks Online or Xero. Other advisory topics include:

• Budgeting
• Cash flow, collections and payment planning
• Forecasting
• Compensation modeling
• Purchasing decisions for inventory and fixed assets
• Mergers, acquisitions and buy-sell agreements

Industries and Specialties

The practice has a clear focus on trades and service businesses. Its named niches are epoxy and concrete floor coating contractors, general contractors and builders, digital agencies and freelancers, and pressure washing companies. The builder niche covers painters, flooring installers, plumbers and remodelers. Tax work spans sole proprietors filing Schedule C, S-corporations filing 1120S, partnerships and C-corporations.

The firm also helps owners decide between LLC and S-corporation status and handles conversions. Beyond its two offices, it lists service areas across central and eastern Iowa, Sioux City and Omaha, Nebraska.

Team and Approach

The firm is led by partner Drake Vant Hul, CPA. He earned his license in 2018 after running small ventures of his own, including a college cell phone repair business. The other partners are Mark Bakker, EA; Doug Peter; and Zach Veenstra, CPA. Veenstra is a Dordt University graduate who was licensed in 2019 and has worked in both public accounting and manufacturing cost accounting. The wider team includes:

• A client accounting services manager
• Tax manager Dr. Randy Smit, CPA, CMA, who teaches accounting at Dordt University
• Several staff accountants, one of whom co-ran a family business for decades

The firm stresses proactive rather than seasonal tax advice and plain-language financial communication. It describes itself as aggressive in tax planning while holding integrity as a firm requirement.

TD Accounting, which presents itself as My TD Accounting, is an accounting and tax firm in Des Moines, Iowa. It works with small businesses and individuals across the state, and its CPAs and accountants handle the routine finance work that many owners would rather not manage themselves. For buyers looking at accounts payable support, the firm offers AP as part of a broader outsourced accounting relationship rather than as a stand-alone software product.

Accounts payable and outsourced accounting

The firm's outsourced accounting program is built to act much like an in-house finance department. Payables are handled through Bill.com. TD Accounting sets up the platform and trains clients to use it, so vendor bills can be routed, approved and paid electronically instead of by hand.

The service also covers recording and categorizing transactions each day, tracking expenses, paying bills and invoicing customers. QuickBooks Online is the main ledger, and the firm says software costs for QuickBooks Online and its receipt-capture tool are included in its outsourced packages. Clients on some tiers also get a Fujitsu IX100 scanner to digitize receipts and documents.

• AP automation and vendor payments through Bill.com
• Bill payment and customer invoicing
• Daily transaction coding and expense tracking
• Monthly reconciliation of asset accounts and monthly financial reports
• Payroll processing and payroll filings
• Business and personal tax returns, tax estimates and planning

How the firm works with clients

Outsourced clients pay a fixed monthly fee, and the work is done through secure online collaboration that gives owners current information about their finances. Packages include quarterly virtual meetings on tax planning and business growth, unlimited email support and a set callback window. A free first consultation is used to decide which services suit each client.

Besides ongoing bookkeeping and AP, the firm offers groundwork for new businesses, such as choosing an entity type, setting up the accounting system, analyzing retirement plans and reviewing credit card rewards. It also helps taxpayers resolve disputes with the IRS and offers audit protection.

Industries served

The firm focuses on owner-run small businesses and highlights several groups it knows well:

• Service-based businesses
• Real estate professionals
• Construction and remodeling contractors
• Start-ups and new small business owners

Background

TD Accounting runs from an office on Ingersoll Avenue in central Des Moines and is connected to the Des Moines practice known as Tax Doctor. Its payroll arm is called TD Payroll. The firm says it is licensed in Iowa and focuses on accounting and tax.

Its website shows badges from tax and accounting groups such as NAEA, NATP, NSTP and NSA. Client reviews from Des Moines business owners say the team is responsive and plans ahead, and that it looks beyond processing to lowering taxes and building long-term financial stability.

For Iowa companies that want accounts payable handled alongside bookkeeping, payroll and tax under one local provider, TD Accounting offers a bundled, advisor-led option built on Bill.com and QuickBooks Online.