What is Anchor, and how does it help bookkeepers? Anchor is an autonomous billing and collections platform built for bookkeeping and professional service firms. It automates the entire client payment lifecycle — from sending branded proposals and agreements to generating invoices and collecting payments — all without manual follow-up. Bookkeepers who use Anchor spend less time on admin and more time serving clients and growing their practice.

‍How much does Anchor cost for bookkeepers? Anchor is free to start — no credit card or subscription fee required. Anchor charges a flat $5 fee only when money moves, meaning you pay nothing until you get paid. ACH payments are free for your clients; credit and debit card payments carry a 2.9% + $0.30 processing fee that can be passed on to your clients or absorbed by your firm.

‍How does Anchor prevent revenue leakage for bookkeeping firms? Anchor ensures every billable service is captured and invoiced accurately by automating the entire billing process. Because invoices are generated directly from signed agreements, nothing is left to memory or manual entry. This removes the most common sources of underbilling — forgotten line items, delayed invoices, and human error — typically reducing revenue leakage from over 5% down to under 1%.

‍How does Anchor handle client payments automatically? When a client signs a proposal on Anchor, they connect a payment method upfront — either free ACH bank transfer or credit card. Once the agreement is in place, payments are collected automatically when they are due, based on the terms your client already agreed to. There is no action required from your client and no follow-up required from you.

‍How does Anchor turn a proposal into an invoice? Once a client approves a proposal on Anchor, it automatically becomes a signed agreement. When billing is due — whether on a recurring schedule or a one-time basis — Anchor generates and sends the invoice automatically. The entire flow from proposal to payment runs without any manual steps.

‍Does Anchor support recurring billing for ongoing bookkeeping engagements? Yes. Anchor lets you set up unlimited recurring invoices for automatic billing, making it ideal for bookkeepers who work with clients on a monthly retainer or ongoing engagement basis. Once the schedule is configured, billing runs itself every cycle without any repeat effort from your team.

‍Can I use my own branding on proposals and invoices? Yes. You can add your firm's logo and customize the colors of your proposal and invoice templates to match your brand. Anchor also provides a library of predefined service templates to help you get started quickly, and you can import your own templates for full customization.

‍What does the client experience look like with Anchor? Clients receive a professionally branded proposal they can review and sign from any device. Signing is simple and takes just minutes. Once signed, clients have access to a dedicated portal where they can view their proposals, agreements, invoices, payments, documents, and full transaction history — all in one place, protected by bank-level security.

‍Can I update or amend a client agreement after it has been signed? Yes. Anchor's flexible online agreements allow you to make changes with automatic or manual approval. When a change is accepted, invoices update themselves to reflect the new terms — no need to void and reissue documents or manually correct billing amounts.

‍Does Anchor support deposits and additional charges? Yes. You can set up partial payments or deposits when sending a proposal. If a charge arises after an agreement is already active — such as an out-of-scope task — you can send a new invoice with a single click without needing to create a new proposal.

‍Does Anchor sync with QuickBooks? Yes. Anchor automatically syncs your invoicing and payments data with QuickBooks Online, keeping your books up to date and ensuring reconciliation is accurate without manual exports or data entry.

‍Can I manage a team on Anchor? Yes. Anchor lets you add as many users as your firm needs and customize access permissions per person — controlling who can create, edit, or view proposals, invoices, and client information. This makes it easy to delegate billing responsibilities across your team while maintaining full oversight.

‍How quickly can I get started with Anchor? Most bookkeeping firms are fully up and running in an afternoon. You can import your existing service templates, apply your firm's branding, and send your first proposal the same day you sign up — with no subscription fee to get started.