Bookkeeping Services

You run your business. We’ll do your bookkeeping.

Your time is valuable and should be spent running your business rather than spending hours on paperwork.

Don’t spend all day messing with your businesses accounting. At Morgan Financial Service, we are experts in bookkeeping services. We can tailor a list of bookkeeping services that fit your specific situation, here is an example of the services we provide:

Minimum Bookkeeping Service

Our bookkeeping services including the following:

  • Input Transactions – Enter transactions into our system monthly.
  • Assign Items to Appropriate Accounts – Assign all transactions to appropriate income and expense accounts.
  • Bank Statement Reconciliation – Your bank statements can be mailed directly to Morgan Financial Service for reconciliation.
  • Financial Statements – Monthly financial statements provided for your review.
  • Assist with Cost Control – Analyze your financials and advise accordingly if you appear to be paying too much for specific items or services.
  • Year-End Reports – Provide you with the information needed for you or us to quickly and inexpensively prepare your taxes.

Basic Bookkeeping Services

Basic Bookkeeping Services include all services listed under Minimum Bookkeeping Services plus the following:

  • Accounts Payable – Prepare your checks for signature by you or us then prepare them for mailing or delivery.
  • Accounts Receivable – Invoice your customers. We can receive your payments and deposit them directly into your bank account if you desire.
  • Assist with Cash Management – We will make sure your bills are paid on-time, but no earlier than necessary.
  • Vendor and Customer Files – Maintain vendor and customer files for all those you do business with.

Premium Bookkeeping Services

Premium Bookkeeping Services include all the above services listed under Minimum and Basic Bookkeeping Services – plus custom reports that enable you to better analyze your revenue/expenses and quarterly budget reviews.

Examples of some of the services you can receive with Premium Bookkeeping Services:

  • Budgeting – We will work with you to accurately forecast future revenue and expenses.
  • Custom-Designed Reports – We will prepare custom-designed reports to provide the information you need to manage your business successfully.

Samples of reports we may provide include:

  • Budget vs. Actual – We can provide a monthly budget vs. actual reports in order to see how you are doing against your projections.
  • Customer Reports – We can provide reports to help determine who your most and least profitable customers are.
  • Breakout of Expenses – It’s useful to break expenses down into different categories, such as by product line, office, or region.
  • Rolling Forecast – A rolling forecast allows you to see how your projections have changed over time.
  • Employee Reports – We can provide a variety of employee reports, including reports showing company expenses and/or revenue associated with individual employees and year-end reports for detailing company employment costs.
  • Event Analysis – We can help you track the revenue and expenses associated with specific events.
  • Quarterly Budget Reviews – We will meet with you quarterly to review the previous quarter, discuss changes to your budget for coming quarters, and analyze your business.

Contact us or request an appointment to learn how Morgan Financial Service can be of help to you!