Bookkeeping
General Accounting
- Bookkeeping: We offer bookkeeping services to ensure your financial records are accurate and up-to-date. Our services include recording daily transactions, managing accounts payable and receivable, and reconciling bank statements.
- Financial Statement Preparation: We prepare financial statements, including balance sheets, income statements, and cash flow statements, giving you a clear picture of your financial health.
- Budgeting and Forecasting: Our team assists with creating realistic budgets and financial forecasts, helping you plan for the future and manage your resources effectively.
- Accounts Payable and Receivable: We manage your accounts payable and receivable processes, ensuring timely payments and collections to optimize cash flow.
- Financial Analysis: Our team performs in-depth financial analyses to identify trends, opportunities, and areas for improvement, helping you make data-driven decisions.
- Tax Planning and Preparation: We offer strategic tax planning and preparation services to minimize your tax liability and ensure compliance with all tax regulations.
- Business Advisory Services: For business clients, we provide comprehensive advisory services, including business planning, performance analysis, and strategic planning to support your growth and profitability.
Quickbooks
- QuickBooks Setup: We assist with the initial setup of QuickBooks, tailoring the configuration to meet your specific financial needs. This includes setting up your chart of accounts, linking bank accounts, and customizing invoices.
- Data Migration: If you are transitioning from another accounting system, we handle the migration of your financial data to QuickBooks seamlessly, ensuring accuracy and completeness.
Bank Reconciliations
- Monthly Reconciliation: We perform monthly bank reconciliations to compare your financial records with your bank statements, identifying and correcting any discrepancies.
- Transaction Verification: Our team verifies all transactions, including deposits, withdrawals, and transfers, to ensure they are accurately recorded in your financial system.
- Error Detection and Correction: We identify and resolve errors, such as duplicate transactions, missed entries, and incorrect amounts, to maintain the integrity of your financial records.
- Fraud Prevention: By regularly reconciling your bank accounts, we help detect and prevent fraudulent activities, protecting your business from financial losses.
Sales and Use Tax
- Tax Registration: We assist with registering your business for sales and use tax with the appropriate state and local authorities, ensuring compliance from the start.
- Tax Rate Determination: Our team helps determine the correct tax rates for your products and services based on location and applicable tax laws.
- Tax Filing and Reporting: We handle the preparation and filing of all required sales and use tax returns, ensuring timely and accurate submissions to avoid penalties.
- Audit Representation: In the event of a sales and use tax audit, we provide expert representation and support to protect your interests and ensure a favorable outcome.
How can Nelson Accounting & Tax help my business with bookkeeping?
Nelson Accounting & Tax offers comprehensive bookkeeping services to keep your business finances organized and accurate. We handle all aspects of bookkeeping, including recording daily transactions, managing accounts payable and receivable, reconciling bank statements, and maintaining your general ledger. Our team ensures that your financial records are always up-to-date, allowing you to focus on running your business. With our expertise, you can make informed financial decisions and stay compliant with all financial regulations.
Why is QuickBooks management important for my business?
QuickBooks is a powerful tool for managing your business finances, but it can be complex to set up and maintain. At Nelson Accounting & Tax, we provide expert QuickBooks management services to help you get the most out of this software. We offer setup and optimization to ensure your financial records are accurate and up-to-date, allowing you to make informed business decisions.