Many Memphis area business owners find that the task of bookkeeping takes them away from growing their business. Our team of professionals can assist business owners with their bookkeeping in the following ways:
Initial Setup
If you have just started your business and have purchased QuickBooks accounting software, we recommend a customized setup to specifically fit your needs. We can also train you to use the software for day-to-day business activities like bank reconciliation, recording transactions, and creating invoices for your clients.
Bookkeeping Analysis
If you are just starting a business or have run your business for many years, you may benefit from a bookkeeping analysis. We can set up an analysis on a one-time, monthly or quarterly basis. During the analysis, we will check your accounts for reasonableness and give you guidance on ways that you can make your bookkeeping more efficient. Many QuickBooks users simply record their bank deposits, print their checks and request that we perform an analysis where we recommend correcting and adjusting accounting entries on a monthly frequency.
Reporting Compliance
One of the biggest distractions for Memphis business owners is the massive amount of Memphis taxes, forms and reports required by local, state, and federal authorities. Ignoring these forms will cause penalties to add up and may lead to forced assessments or the revocation of your business license. We can help you remain in compliance in many areas such as:
- Tangible Personal Property Tax Reports
- Ad Valorem Reports
- City and County Business Licenses
- State and Local Sales Tax Reports
- Payroll Tax Reports (including W-2s and 1099s)
- Annual LLC and Corporate Reports
- Federal, State, and Local Tax Returns
For any questions regarding bookkeeping services, please contact Joe Banker, CPA