Accounting Services
 
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Deneice Knotts Accounting and Tax Service brings a wide array of professional experience to your business. With over 22 years experience in bookkeeping and accounting, primarily in the wine, retail and clothing design industries, we offer the following accounting services, which can be tailored to meet your company’s needs. We can work on site, remotely, in our office, or a combination.

   

Full Service Bookkeeping
Your needs may incorporate all of these services or you may pick and choose the services you need:

  • Payroll Services
    • Including Quarterly and Annual
  • Payroll Reports
  • Accounts Payable
  • Bank Reconciliations
  • Inventory Management
    • Raw Materials
    • Work in Process
    • Finished Goods
  • Sales Tax Reporting
  • Accounts Receivable
  • Invoicing
  • Collections
Financial Statement Preparation
   
Financial Statement Preparation

Financial Statement Preparation
We take your internal records, review and reconcile them to accurately prepare your financial statements to assist you in your decision making process, provide to your bank, investors, tax preparer or other related parties. Sometimes internal records are incomplete and require additional research or correcting entries to properly reflect your company’s financial position.

We work with you and understand that your company is unique. We get to know your business, understand your internal processes and review them. We identify problem areas and provide recommendations to improve efficiencies within your company’s work environment. Our philosophy is to work smarter, not harder.

   

Cash Flow/Budgeting/Forecasting
We know every business has bills to pay, and knowing if you have the ability to meet short term obligations is often a tedious and stressful task, especially in start-up businesses. We can help make this a less daunting task by preparing cash flow statements that will make sense to you.

Along with cash flow, it is important to develop budgets in order for your business to grow. We work with you to develop accurate budgets and continually review how the actual financial position of your company is relating to the budgets.

We can also take your historical data and work with you to develop forecasts, so you can make sound business decisions. We consider ourselves a professional and experienced extension of your business and we will work with you to accomplish your business goals.

Cash Flow Budgeting
   
Financial Statement Preparation Product Cost Analysis
Accounting for production costs is one of the most difficult challenges to any bookkeeper or accountant. We manage your inventories, from raw materials, to work in process, to finished goods. We analyze your production costs and can help you find ways to maintain or improve the quality of your product while shaving a few dollars on the production side.

Record Retention
We have the capability to store an electronic version of your company files. We have several backup methods to insure your records are safe and retrievable should a natural (or human) disaster should occur.

Accounting System Management and Setup
If you are a start up company, or finally deciding to take your existing business to new heights, you will need an accounting system. We favor small businesses and our accounting experience gives you a leg up in setting up a good accounting system from the beginning. We can set it up for you and train you or your staff to use it, or we can manage it for you, keeping you fully involved all along the way. We understand QuickBooks and PeachTree, the most common accounting software programs used in small businesses today.

Record Retention