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I just wanted to send you kudos on the client portal for entering my income tax information. I found the portal far easier to use than paper, and I didn’t lose my forms amongst all the other papers. Really it made the whole process easier… Since it was different, I almost didn’t use it, but I am happy I did.
- Robert H

TWIN CITIES BUSINESS ACCOUNTING SERVICES

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Click here to download the:
 
Record Retention Guide, Special Report.


Our accounting services allow you to pursue your passion

BUSINESS ACCOUNTING SERVICES

As a business owner, you know that your time and energy should be focused on building your successful business, not bookkeeping or filling out IRS forms. 

Efficient accounting support from an experienced and reliable accounting firm like Eric R. Nelson, CPA LLC, will help you regularly analyze your business, which ensures that your business operates effectively. We are committed to providing accounting services customized exclusively for your business. Services that will allow you to evaluate operational efficiency, identify potential problem areas and guide you to success you can measure.

Call 952-405-9054 to discuss your business with a CPA who truly understands how to build a successful business.

The core of our business accounting services include:

  • Quarterly QuickBooks setup, training  and health checks
  • Quarterly Business Review
  • Financial Statement Compilations

Over the last 20 years, Eric Nelson has worked for the most respected accounting firms and Fortune 100 companies in the areas of accounting and taxation. He brings the large company best-practices and expertise to your business—a service not available from other local firms. 

QuickBooks Setup, Training and Health Checks QuickBooks is an ideal business accounting software for small- to mid-sized businesses because it is easy to use, adaptable and a stable product. But it is crucial that the initial setup and installation be done correctly to ensure that information is accurate. It is also important that the information you enter is accurate, so quarterly QuickBooks Health Checks are strongly recommended.

What to expect from your QuickBooks Setup and Training:

  • Study and evaluate your software and accounting needs. 
  • Recommend software and hardware requirements.
  • Install software, design and set up chart of accounts and entire accounting package including payroll, accounts receivable, inventory and accounts payable. 
  • Entering your transactions since your starting dates into QuickBooks 
  • Train client or client staff in use of software to meet their accounting, management and tax needs.


What to expect from your QuickBooks Quarterely Health Check:

 Reviewing your transactions for the quarter 

 Make inquiries to ensure proper tax treatment and reporting of expenses

 Record depreciation and other non-day-to-day transactions to ensure accurate financial statements

 Analyze profit and loss and, if you have an S-Corporation or LLC, how it will affect your personal income tax picture for the year. We will assist you with adjusting withholdings or estimated tax payments to ensure there are no surprises at the end of the year. 

 Provide you with adjustments to upload into your system to ensure you have the most accurate records.

 Discuss findings and recommend and training as necessary

Quarterly Business Review These highly valuable meetings are designed to review your business operations on a quarterly basis and provide insight into your financial statements. 

If we’re providing your 1040, we will also provide a tax projection to ensure taxes are not being over or under paid for the current year. 

Most importantly, these meetings will be a forum to discuss other business topics—marketing, business expansion, personnel issues, benefit plans, etc.—one-on-one with your trusted advisor. As a successful business owner himself, Eric Nelson’s depth of business knowledge can be quite valuable to you. This will be your opportunity to get your toughest business questions answered and for us to provide accountability to you. 

Financial Statement Compilation: Banks, insurance companies, business brokers and other relationships your business often require compilations from an independent CPA. In compiling your financial statements, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.