Superior Business Solutions, LLC

07/30/2012

Superior Business Solutions, LLC

Your Partner for Sucess - Oklahoma City, OK

01/04/2012

2011 Standard Mileage Rates:
Jan 1 - June 30 July 1 - Dec 31
Business 51cents/mile 55.5 cents/mile
Relocation 19 cents/mile 23.5 cents/mile
Medical 19 cents/mile 23.5 cents/mile
Charitable 14 cents/mile 14 cents/mile

12/28/2011

No matter how you calculate it, poor record keeping adds up to lost money. From lost tax deductions to time spent looking for receipts.
A few Bookkeeping Tips:
• Keep track of deductible expenses: You may forget expenses when you prepare your tax return unless you record them when they occur. Believe me you will need all the deductible expenses you can find.
• Keep track of all income
• Keep track of all business documents: You must keep your business records available at all times for inspection by the IRS. If the IRS examines any of your tax returns, you may be asked to explain the items reported. A complete set of records will speed up the examination.

12/16/2011

Good Record Keeping will help you to:
• Monitoring the success or failure of your business: It's hard to know how your business is doing without a clear financial picture. Am I making money? Are sales increasing? Are expenses increasing faster than sales? Which expenses are too high based on my level of sales? Are some expenses out of control?
• Providing the information you need to make decisions: Evaluating the financial consequences should be a part of every business decision you make. Without accurate records and financial information it may be hard for you to know the impact of a given course of action.
• Budgeting: All businesses should use a budget for planning purposes. A budget will help keep your finances on track by forecasting your cash needs and helping you control expenditures.
• Preparing your income tax return: With good records, preparing your tax return will be easier and you will be more likely to be able to do it on time. Poor records may result in you underpaying or overpaying your taxes and/or filing late (and paying penalties). When your CPA prepares your tax return, poor records will almost certainly result in your paying higher costly accounting fees.

12/06/2011

Whatever kind of business you run, you are required by law to keep financial records relating to it. The biggest problem we face in getting our records into order (and keeping them that way) is that most of us work on our own. It’s hard to find time for tasks like filing and bookkeeping when it’s just you.
The task of record keeping is usually procrastinated until the very last minute, when it is required, such as time to file your tax return. This can be a very daunting task if you have to dig through receipts and expenses for the whole year!
There are a number of business benefits to be gained from keeping accurate and up-to-date records. It saves you time, and money, and helps you to be confident that you're only paying the tax you owe.

12/02/2011

One of the great benefits of being a fan of SBS is that I will periodically post information and tips about accounting, taxes, recordkeeping, ect...

These posts will include information for that everyone can use...not just business owners!

12/02/2011

Below is a list of the services that we offer. You can choose just one service or all of the services. We can customize a package that’s suitable for you and your business needs.

QB Input:
Check Registers (Weekly, Bi-weekly or Monthly)
Check Copies (Weekly, Bi-Weekly or Monthly)
Bank Statements Reconciliation (Monthly)
Deposit Records (Weekly, Bi-Weekly or Monthly)
Invoices (Weekly, Bi-Weekly, or monthly)
Bills (Weekly, Bi-Weekly or Monthly)

Payroll (using payroll service):
Time Input (Weekly, Bi-Weekly or Monthly)
Payroll Reports (Weekly, Bi-Weekly or Monthly)
Posting Entries (Weekly, Bi-Weekly or Monthly)
PTO/Vacation and Sick Time Tracking (Monthly)
W-2’s (Annually)

Accounts Payable:
Bill Processing (Weekly, Bi-Weekly or Monthly)
Bill Payments (Weekly, Bi-Weekly or Monthly)
Accounts Receivable:

Invoicing/Billing Clients (Weekly, Bi-Weekly or Monthly)
Deposits (Weekly, Bi-Weekly or Monthly)
Collections (Monthly)
Bank Reconciliation (Monthly)
Sales Tax Reports (Quarterly)
Workers Comp Reports (Annually)

Financial Reports:
Profit & Loss Statement (Monthly)
Balance Sheet (Monthly)
Cash Flow Statement (Monthly)
Accounts Payables Aging Report (Bi-weekly or Monthly)
Accounts Receivable Aging Report (Bi-weekly or Monthly)
Sales Tax Reports (Quarterly)
Payroll Tax Reports (Weekly, Bi-Weekly or Monthly)

Financial Packages for Banking and Lending Companies (as needed)

Audit Preparation (as needed)

Quickbooks Set-up, Installation, Training & Consulting (as needed)

12/02/2011

Why Superior Business Solutions?

Peace of mind – We can provide you with an up-to-date, clear assessment of your businesses financial situation, which helps you to make informed decsions. We provide data security and daily backups of information using an off-site document management system called SmartVault.
Knowledge – when your books are up-to-date, you will have the financial tools and knowledge to make informed business decisions.
Time – We understand that your time is valuable. Our services keep you from having to do the bookkeeping, but allows you convenient 24/7 access to your financial data.
Hands on Service – We customize our service to meet your business needs. We ensure that you receive friendly, reliable, and professional service. We will also work with your accountant any time it’s needed. Service is our highest priority.
Trust – All conversations and data is kept strictly confidential. You financial data is secure with 24/7 security and automated daily back up.

12/02/2011

The mission of SBS is to establish a professional bookkeeping and administrative service for small and medium sized businesses that will fill a wide range of business needs. We strive to offer time sensitive, and cost efficient services to our clients, while ensuring detail accuracy and maintaining a strict code of ethics & professionalism.

12/02/2011

Are bookkeeping challenges distracting you from growing your business? Not sure where to get started?

Whether you are just starting out or you’ve been in business for a while, having proper bookkeeping and administrative support is essential and Superior Business Solutions, LLC (SBS) can get you on track.