Strategic Accounting Solutions

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Strategic Accounting Solutions

Creating a Strong Foundation for Business Success

If you’re like most small business owners, you may sometimes be putting your accounting and bookkeeping on the back burner while you run your business. With our Strategic Accounting Services, our role is to provide you with peace of mind knowing your financial transactions are being managed accurately and timely. Meaningful and well-organized financial records are the foundation of your business and can ultimately be the difference between a successful and unsuccessful business. Let us concentrate on what we do best so you can concentrate on what you do best. WellsColeman will make your bookkeeping undemanding, simple, and stress free. At WellsColeman, we will act as your accounting and bookkeeping staff, processing your transactions and providing essential reports.  Our staff will work closely with you to ensure your daily operations run efficiently and your business has the financial infrastructure to succeed.

Eldercare

Our eldercare services are designed to provide reasonable assurance to third parties (children, family members and others) that the needs of their elderly loved ones are being met. Reliance will be placed on a variety of other professionals, with the CPA acting as the service co-coordinator, based on a predetermined set of goals and criteria.

Financial Services

  • Receive, deposit, and account for client receipts
  • Ensure expected revenues are received
  • Make appropriate disbursements
  • Submit claims to insurance companies and monitor medical expenses
  • Confirm accuracy of provider bills and appropriate reimbursements
  • Safeguard elderly by monitoring bank accounts and other assets
  • Income tax planning and preparation
  • Preparation of employment tax returns for caregivers and household help
  • Prepare periodic financial reports
  • Provide estate planning that ensures legal documents, such as powers of attorney and living wills, are in place
  • Make recommendations for funding health care expenses including long-term care

Small Business

Assurance Services

  • Review and report on financial transactions
  • Review investments and trust activity
  • Review third party calculations, such as pension, insurance and annuity payments
  • Review reports from fiduciaries

General Ledger Services

  • Recording of cash receipts and disbursements
  • Monthly cash reconciliation
  • Accounts receivable and payable processing
  • General ledger maintenance
  • Preparation of monthly financial statements
  • Preparation of business license and personal property tax returns
  • QuickBooks online (training included)
  • Budget development, implementation, and monitoring

Payroll Services

  • Process payroll checks
  • Calculate withholding and deposit amounts
  • Preparation of quarterly payroll tax returns
  • Preparation of annual W-2s and 1099s

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