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Murphy Financial Services, Inc.
5911 W. Vliet Street
Milwaukee, WI 53208

tel.  414.453.8655
fax 414.453.6396

OTHER SERVICES:

Accounting Services
Tax Planning & Preparation
Payroll Services
QuickBooks Training
Accounting Trouble Shooting
Starting a New Business
Informative Newsletters
Compilation Reports

ACCOUNTING SERVICES

We design our services around your needs and vary the service to fit your requirements. We do as much or as little as you need.

When you start your business you may choose to do much of your bookkeeping yourself because you have more time and less money. As your business grows, you will find that you need more accounting services because you have less time and more money. At that point, we will provide additional services so you can concentrate on the growth of your firm.

Our Accounting Services can be set up monthly, quarterly or annually.

Depending on your needs, we will:

Reconcile Bank Accounts
  • Analyze bank service charges
  • Notify you of lost checks or missing deposits
  • Verify account balances

Reconcile Charge Card Accounts

  • Make sure each expense is properly classified
  • Confirm that each payment is credited to the account
  • Verify account balances

Prepare Balance Sheets

  • Show you the status of your business at a specific point in time
  • Document what your business owns
  • Validate what your business owes
  • Help you make decisions regarding the purchase of fixed assets
  • Review receivables to determine what needs to be done regarding collection & proper recording of payments

Prepare Income Statements

  • Show net income(loss) for a period of time
  • Analyze increases in specific expenses
  • Corroborate business profitability
  • Beginning the second year we do your accounting, we include comparisons with prior year amounts & % of income

Formulate General Ledger

  • Detail inclusions in each income and expense account for the period

Review Cash Flow

  • Set up projections to help you meet your cash needs
  • Make it easier to get financing

Prepare Budgets

  • Help you understand income required and anticipated expenses
  • Project income/expense at multiple levels to assess results at different sales goals

Develop Personal Property Tax Returns

  • Required for each municipality where you maintain a location

Prepare 1099 Forms

Update Corporate Record Books

Compile Sales & Use Tax Returns

  • Due monthly, quarterly or annually

Assist in Nonprofit Accounting

  • Prepare 501(c)(3) applications
  • Formulate budgets
  • Provide complete accounting services & guidance

Consult on Lifestyle Changes

Call us to help you plan significant changes in your life before you embark on a new course. For example if you:

  • Buy a business
  • Sell a business
  • Start a business
  • Buy a rental property
  • Sell a rental property
  • Retire
  • Divorce
  • Marry

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