Business Accounting & Bookkeeping Services

Maintaining proper financial records is a fundamental key in running a successful small business. However, when first starting up, most business owners simply don’t have the time to put proper systems in place and implement an effective, functional bookkeeping system.

Consider delegating that important work to Bookkeeping Plus. We will consider the unique factors that affect your business to better manage and control cash flow. Some of the many services offered are outlined below.

Data Entry/Bookkeeping

At Bookkeeping Plus, we focus on the record keeping aspect of Accounting. It is our job to record all of your income and expenses in Quick Books Desktop or Quick Books Online. A part of this process is to reconcile all bank and credit cards and provide monthly financial reports. With up to date and accurate bookkeeping we can easily analyze the data to determine areas of growth, decline and to forecast and budget into the future. Our services are customizable and we can add many other components of bookkeeping to your service package including those listed below. We will work with your tax professional and provide them complete financial reports at any interval requested for the purpose of tax planning, expansions, business successions or anything else you may need their help with.

Gross Receipts Reporting/NTTC Maintenance

New Mexico requires gross receipts tax to be collected and paid on services performed in the State. Bookkeeping is an essential part of accurate gross receipts tax reporting and we can simplify the entire process. In certain circumstances, some sales are non-taxable and require the business to issue Non Taxable Transaction Certificates (NTTC). Let us help you track those vendors and issue the NTTC’s on your behalf. If your business is located outside of NM we will research the laws in your State to be sure you are compliant with your State’s taxing authorities.

Payables and Receivables

Some business owners choose to manage their accounts payable and receivable in house. Consider outsourcing those tasks to Bookkeeping Plus. We will enter and track invoices, bills and credit memos and pay the invoices as they become due by check or electronically. Collecting on overdue accounts receivable can be a business owner’s worst nightmare. If you do not have an in house receivables department, let us make those uncomfortable calls to collect on those outstanding amounts for you. It’s beneficial to have a third party contact clients about outstanding amounts due in order to preserve a smooth working relationship with your customers. We are able to automate these processes to improve the overall efficiency of the business.

Small Business Start Ups

When starting a small business there are several issues to consider. Local and federal licensing requirements, obtaining local and federal business identification numbers, insurance liability and employee policies, human resource issues, choosing accounting software and a financial institution to bank with, implementing bookkeeping procedures and filing systems, just to name a few! We work with a local network of CPA’s, bankers, insurance agents, web designers, attorneys, employee plan administrators and others, to help you cover all of the bases. In other words if we can’t help you with a problem we will find someone who can. We stand by ready to be your partner in this new venture!

Receipt, Records and Asset Management

Small businesses require a system to manage their receipts, records and assets. Bookkeeping Plus can implement hard copy and/or paperless management systems. We work with various organizational software applications and can come up with a system that is comfortable for you and that will meet the IRS requirements for record keeping

Catch-up and Clean-up Projects

Life happens and for various reasons, sometimes businesses fall behind in their recordkeeping. We realize that is a very stressful situation. If you are behind in your bookkeeping you most likely have fallen behind in gross receipts and payroll reporting. It is very gratifying for us to help a business get caught up with their bookkeeping and tax payments. Let us take that burden off of your shoulders.

Services for Individuals, Trusts and Estates

Bookkeeping Plus is not just for businesses. We help individuals with things like household bookkeeping and budgets, payables, completing the FAFSA and other financial reports or projects. If you are a Trustee you may need assistance with bookkeeping, paying household bills and fiduciary reporting. We are here to help.