Are you starting a small business this year? Are you looking for ways to minimize expenses? Would you like to outsource financial duties so you have more time for networking, product development, or other aspects that require your focus? Here is a great checklist.

In case you’d like an “inside” view of specifics we can do for you, here’s what our bookkeeping reps do for our current clients. These are examples of details we enter when we perform bookkeeping work for you:

Set up Chart of Accounts with owner

Update bank downloads and sync with the bank and credit cards

Work with clients to re-map accounts for your franchise reporting

File 941s, 940 and SUTA forms

Teach you how to Job Cost

Reconcile your bank, credit card and merchant service accounts

File and manage sales tax

Processed payments for contractors; update W-9 info

Make expense reimbursements

Incorporated changes from accountant

Complete year-to-date Profit & Loss (P&L) and Balance Sheet

Clean up uncategorized items and put them where they belong according to how you do business

If you have questions about specific issues you’re having in your bookkeeping records, we’d be happy to set up an appointment to discuss how we can best streamline everything for you. A solid understanding of your current financial status is essential when you’re creating a forecast for this year and beyond. Our goal is your success!

Lynn Talbott, MBA, PHR, received the TSBDC’s 2015 Small Business Person of the Year Award for Chattanooga and was recognized as a 2015 Rising Star. She is the Founder and President of HR Business Solutions, LLC. Lynn was previously a Corporate Trainer and HR Manager for a Fortune 500 company in Seattle, WA. She has 20+ years’ experience advising entrepreneurs of small- to mid-sized businesses in HR and Office Management. She is a Certified QuickBooks ProAdvisor and is Xero-Certified.

HR Business Solutions, LLC, is now located at: 108 Baxter Street / 37415 // 423-668-6020

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