Accounting Services

SP Accounting Services offers a wide range of services from Financial Reporting to Budgeting & Planning to Consulting & Compliance, and everything in between. Look at some of the specific services we provide below.

• Starting a new business?
• We can help you establish and file new entity paperwork to Federal and State entities.
• Sales, Drink, and Excise Tax preparation and payment process
• Let us take the stress of preparing and processing your state retail, liquor, and excise taxes.
• Creating Budgets
• The budgeting process can seem daunting, especially if you are not sure where to begin. By analyzing your company’s financial data we can identify reductions in cost, allocate resources efficiently, and help plan for the future.
• Financial Reporting
• Communicating financial information in your business should be a priority. Let us help you maintain your ‘core’ financial statements to show your financial health at any point in the year.
• Monthly oversight of accounting data
• Also known as month-end reporting. Need a monthly review to ensure transactions are recorded accurately? We can do everything from monthly reconciliations and accounting services to simple reviews after internal staff has completed month-end tasks.
• Troubleshoot, clean up, and assistance with tax prep or review processes with tax accountant/firm
• We offer full accounting services when working with your tax accountant to ensure you have a solid set of books before your tax return can be prepped. Let us get you there.
• Recommend best practices
• Need help determining methods or guidelines based off your entity type? Non-profits function differently than a law firm, for example, however there are still regulations and governing bodies that require certain practices are maintained. We can help make those decisions.
• Assist in identifying issues and strategize solutions to help organization run efficiently

Payroll Services

We offer fully managed outsourced payroll services to include processing and payment of payroll taxes to include, 941, State, and Unemployment Taxes. Want to keep payroll inhouse and manage on your own? We offer training and support for that too!

• Payroll subscription services and onboarding of employees
• 1099 Preparation and processing
• Services include onboarding of Independent Contractors, ensuring compliance with valid I-9, processing of year-end 1099 processes.
• Automate Federal and State payroll taxes
• Convert from outsourced payroll vendor to QuickBooks Online with ease!

Daily Financial

Handling daily financial tasks is our specialty. We can enhance your financial management and overall accounting needs to ensure you have accurate financial statements any point during the year.

• Cash handling
• Assist and train in handling of petty cash to cash drawer processes and balancing.
• Accounts Payable
• Compliance and maintenance of money a business owes to suppliers and vendors. Assistance in recognizing what is paid versus what is outstanding and how that affects your Balance Sheet.
• Accounts Receivable
• Compliance and maintenance of is owed to you from customers and clients. Assistance in recognizing revenue how that affects your daily finances to stay on top of money due to your business.
• Loan principal & interest allocations
• Does your business have outstanding loans or note payables? Interest is considered a tax deduction, let us help you maintain your interest expense versus your total paid liability throughout the year before tax time.
• Create and maintain Chart of Accounts
• A Chart of Accounts is organized list of every account that makes provides insight into the financial transactions of any company and this organizational tool is unique to each business entity. This includes setting up and maintaining business Assets, fixed and Other.
• Sales, Drink, and Excise Tax preparation and payment process
• Let us take the stress of preparing and processing your state retail, liquor, and excise taxes.
  

Certs & Experience

We are trained, tested, and well-versed on a wide-range of accounting services and platforms!

• QuickBooks Online ProAdvisor
• Trained, tested, and certified by Intuit on a range of advanced, QuickBooks specific topics and skill sets. This allows me to fine-tune and optimize your QuickBooks to function at maximum efficiency to allow you to apply hours to other aspects of your business.
• Conversions to QuickBooks Online
• Thinking of moving from QuickBooks Desktop to QuickBooks Online? We’ve got you covered with expert knowledge in how to convert your current desktop data to QuickBooks Online. Migration will improve workflow and automation. Be sure to inquire for more details as to how this can work for your business.
• Point of Sale Systems
• Currently using a point-of-sale system and having issues? Do you need to set up a new point-of-sale system for your business? We can assist in both troubleshooting and initial set up. Ask us about connectivity to your QuickBooks Online account for a more streamlined accounting of your revenue.
• QuickBooks Online connectivity to different Point-of-Sale Systems
• There are many options and different processes to connecting your QuickBooks Online account to varying platforms that are also used to maintain your business. We are experts at setting up and troubleshooting communications between different online platforms.
• Troubleshoot, clean up, and assistance with tax prep or review processes with tax accountant/firm
• We offer full accounting services when working with your tax accountant. They are ready for you’re a solid set of books before your tax return can be prepped. Let us get you there.
• Access and extract data from other software platforms to upload to QBO as needed
• When an outside platform does not allow for connectivity to a QuickBooks Online account, we can extract data and import it to your books with ease.

FAQ