Resolution Accounting provides outsourced bookkeeping, accounting, and part-time CFO advisory services to small businesses in the Exton, PA area.
Editorially reviewed by Harvey Brooks
Resolution Accounting is a professional accounting firm based in Exton, Pennsylvania, offering comprehensive financial management services to small business owners. The company positions itself as a one-stop solution for businesses struggling to manage their financial operations while focusing on core business activities.
The firm provides three core service offerings: outsourced bookkeeping (including oversight of in-house bookkeepers), accounting services for accurate financial reporting, and part-time CFO advisory services. They specialize in helping early-stage and growing companies that cannot afford full-time CFO salaries but need professional financial oversight. Their services include bookkeeping cleanup and catch-up, financial statement preparation, cash flow forecasting, strategic financial planning, and tax preparation coordination with external tax accountants.
Resolution Accounting distinguishes itself through integrated service delivery—all three levels of financial services available under one roof, eliminating the need for business owners to coordinate with multiple vendors. They emphasize personalized, one-on-one support and claim to tailor software solutions and accounting packages to client needs. The company communicates directly with clients' tax accountants during tax season and positions themselves as continuously available advisors rather than transactional service providers.
The company is best suited for small business owners who need professional financial management but lack internal accounting expertise or bandwidth. However, potential clients should note that the website lacks specific pricing information, service-level agreements, credentials of individual team members, and concrete examples of client results. There is no indication this is a free service despite the category—this appears to be a paid professional services firm.
Yes. Resolution Financial Services is a registered company headquartered in 100 S Juniper St #601, Philadelphia, PA 19109. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
Resolution Accounting is best for small business owners who need professional financial management and have disorganized books, but cannot afford a full-time accountant or CFO. The main caveat is that this is a paid professional services firm with no transparent pricing, making it impossible to assess affordability without direct contact—and it should not be categorized as 'free-help.'
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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