Our accounting and bookkeeping services are designed to make your life easier so that you can focus on running your business. Our Bellingham full-service firm offers small business accounting and bookkeeping services that will save you time and can help save you money.
Bookkeeping Services
Nissen and Associates team includes an Enrolled Agent, Certified QuickBooks ProAdvisors and maintains membership with the NAEA, (National Association of Enrolled Agents), the National and Washington State Societies of Accountants, and AIPB, (American Institute of Professional Bookkeepers). We know our stuff inside and out – so you can ask questions (and get answers) that are easy to understand.
Whether you need a full-charge bookkeeper on a weekly basis or someone that handles your books monthly, quarterly or annually – we can accommodate your needs. Our friendly and efficient small business accounting and bookkeeping team provides comprehensive assistance for all your financial needs in an organized and streamlined manner. We offer QuickBooks setup, training, clean up, review and maintenance both on-site and remotely, for any industry.
QuickBooks™ Setup and/or Clean up
Ideally, having QuickBooks setup correctly from the start will save you from wasted time (and money) down the road. We can do a complete QuickBooks setup for your bookkeeping or review your current system’s records, correcting any errors and providing necessary clean up.
We have the technological resources to reduce your data entry, even if you only have printed documents or PDF versions of your financial statements. We come to you with a teamwork approach and are happy to work with your current bookkeeper to suggest changes or additions to your system. If you are unsure which software to use, or are contemplating changing systems, we will ask the right questions to determine which is the correct system and can help with your decision.
Bookkeeping Services
Monthly and Quarterly Bookkeeping Services
Bookkeeping can be very time-consuming and it’s not always cost-effective to hire an employee to do it for you. We offer comprehensive bookkeeping at a flat or hourly rate, making your job easier and providing you more time to focus on your business. Our Bookkeeping Services include:
- 1099 and W-2 payroll reporting
- Sales and use tax reporting
- Bank and credit card account reconciliation
- Year-end adjusting journal entries
- Fixed assets, liabilities and depreciation
- Inventory records management
- A/P – invoicing and customer payments
- A/R – expenses and bill payments
Bank Reconciliation
Reconciling your banking accounts each month allows us to keep your bank account activity monitored and up to date. When we perform bank reconciliation for your small business we:
- Identify lost checks, lost deposits and unauthorized wire transactions
- Detect and help prevent excess or unjustified bank charges
- Ensure accurate transactions by your bank
- Detect and help prevent embezzlement of funds from within your company
- Manage cash effectively and accurately
Annual Bookkeeping & Accounting Services
For companies that have not kept up with their bookkeeping throughout the year and need to catch-up before filing taxes, we provide year-end bookkeeping services. We also can provide a thorough review of your tax records, discovering and correcting errors before you close out your books.
Financial Reporting
Our financial business consulting solutions will help limit expenses, improve operations and increase profitability, so your business can grow.
Income Statement
An income statement, also known as a profit and loss statement, is an itemized list of your revenue and your expenses – and concludes if you had a profit or loss for the period. Your company’s income statement is an extremely useful tool as it allows you to:
- Track revenues and expenses so that you can determine the operating performance of your business
- Gauge which areas of your business are over-budget or under-budget
- Identify items that are causing unexpected expenditures
- Track increases in product returns or cost of goods sold as a percentage of sales
- Determine your income tax liability and eligibility for a line of credit
Balance Sheet
A balance sheet gives you a snapshot of your financial condition at a specific moment in time. A balance sheet will help you to:
- Measure the financial strength and capabilities of your business
- Identify and analyze trends to make better business decisions (for example, if your receivables cycle gets longer, you could strategize to be more aggressive in your collection efforts.)
- Determine if your business can financially afford to expand
- See if your business can handle the financial ebbs and flows of revenues and expenses
- Discover if you need to take immediate steps to bolster cash reserves
Balance sheets, along with income statements, are critical elements in providing a clear financial picture to potential lenders such as banks, investors, or vendors who may be considering how much credit to grant your business.
Key Performance Indicators (KPI’s)
Do you know what your Profit Margin Ratio is? Or your Working Capital or Accounts Receivable Turnover numbers are? Understanding and knowing your company’s KPI’s, or key performance indicators, then tracking these values on a report, allows you to see an entire analysis of your financial health. We can help in determining your KPI’s by generating custom reports so that you can stay current in observing the trends of your goals and financial success.
Maintaining a Clean General Ledger
The general ledger is the core of your company’s financial records. Since every transaction flows through the general ledger, any problem with the general ledger throws off the numbers that help determine a business’s financial health. Having us review your general ledger system monthly, or annually, allows us to track down any discrepancies, for example, double billings or unrecorded payments. We also are experts in making the necessary adjusting journal entries to correct these discrepancies.
Business Financial Consulting
Our business financial consulting services will help limit expenses, improve operations and increase profitability, so your business can grow.
Incorporation and New Business Advising
If you’re starting a new business, we can advise on which entity is right for you.
Tax Services
In addition to annual tax preparation, we’ll design a tax planning strategy that will reduce your tax burden and allow you to keep more of your profits.
Payroll Services
We’ll process payroll for your employees, and submit all your State and Federal payroll tax filings on time.
Take advantage of our free initial consultation to learn more about the small business accounting and bookkeeping services we provide. Call us at 360-778-2901 to schedule an appointment today. Or contact us using the form below.
