Accounting and Bookkeeping

We know they always say this is the boring part of the business.  However having good numbers is really the foundation for everything from tax planning to an eventual sale of a business.

In the past, we didn’t do that much bookkeeping, but due to some changes in the community and seeing the varied quality of those who call themselves bookkeepers, felt it was a good time to ramp up our services.

The problem we see most often without outside reports (usually Quick Books) is under the theory of “I entered it in the software, therefore it must be right”.  We can usually take a balance sheet, and if it is strong conclude that the income statement is most likely pretty close.  As such, our review starts with the balance sheet.

Our services include (but are not limited to):

  • Monthly/quarterly/yearly bookkeeping.
  • Payroll services, including out of state.
  • Quick Books help, both in house and at your location.
  • Washington excise tax compliance.

Most people report their income on the “cash” basis of accounting.  Quick Books is a bit touchy about cash versus accrual entries.  A true cash basis balance sheet should not have accounts receivable, accounts payable, or accrued liabilities (other than credit card debt, bank debt, funds held in trust, and a few oddballs, etc.).  Other signs of a bad balance sheet on things like negative entries under credit cards (meaning they owe you money), large undeposited funds, or just an account that doesn’t tie to reality.  For example, cash should tie to the checkbook, and assets should tie to a list or depreciation schedule.  We try to watch for these and let you know early.

Construction services are a bit unique and neither quite cash or accrual.  Most use a completed contract method where they put their work in process into inventory until the job is done.

Anyway, we offer bookkeeping services on a monthly fee basis or an hourly basis at competitive rates.  Since we also do business tax returns, there are advantages to having both the bookkeeping and income tax preparation done at the same place.

The main thing we ask from you to help out is to let us know what a receipt or disbursement is for.  The other thing is to let us know about an unusual event such as a purchase of a copier on a contract.  Just because the check says “Home Depot” or “John Smith”, we don’t automatically know what this expense may relate to.

HB Morris Financial Services, LLC

12009 NE 99th Street, Suite 1420
Vancouver, WA 98682

Phone: (360) 687-3154
Fax: (360) 687-6967

Mailing Address:
P.O. Box 2557
Battle Ground, WA 98604

Contact Us

Latest Articles

How to Choose the Perfect Retirement Destination

How to Choose the Perfect Retirement Destination

It used to be that climate was the biggest factor when choosing a place for your retirement. Not anymore. Nowadays, there are more important factors in the minds of future retirees, such as affordable housing and low cost of living. But for many these days, fitting...

read more
3 Ways to Pay Less Taxes on Your Mutual Funds

3 Ways to Pay Less Taxes on Your Mutual Funds

If your mutual fund strategy emphasizes growth more than income, you’ll want to find ways to ease your tax burden. This way, you’ll save a bundle as you watch your fund increase in value. Here are some ways to do this: 1. Avoid the temptation of a lump sum...

read more
Tax Considerations When Working for Yourself

Tax Considerations When Working for Yourself

There are 15 million self-employed Americans. If you’re one of them, there are some tax considerations you need to consider. But first, you have to make sure all your records are up to date. Record keeping is particularly important when you’re self-employed. This is...

read more

Client Testimonials

“Through a tough and complicated estate closure involving a business with thousands of customers, high back taxes, multiple checking accounts and subpoenas and bankruptcy, we were incredibly thankful and lucky to have Mike Day at HB Morris help us.”

Jay H.

“I’ve used HB Morris for a few years for my personal taxes, and she also assists with our non-profit arts organization. She is reliable and easy to work with!”

Victoria R.

“HB is amazing! They have saved me and my company a lot of money, and stress. They take care of everything in a timely and effective manor. They have always been there to help me with all my question’s. Honestly I feel secure in knowing HB has my back. Love ya HB ”

Jani K.