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Business Solutions


Get services tailored to your needs.
Spend your time building your business – and your profits; let us handle your bookkeeping, recordkeeping, and report filing.

We can provide as many of the following services as you want:

  • Paying bills and managing accounts payable.
  • Handling all payroll functions, including quarterly and annual payroll tax reports.
  • Invoicing your customers, posting collections, aging accounts receivables.
  • Doing your bank reconciliations and providing cash balance reports.
  • Maintaining sales journals and general ledgers.
  • Providing balance sheets, income statements, and other financial statements.
  • Preparing all required business tax reports and filings.
  • Preparing any customized reports you find useful.

Where do we begin?
We’ll work with you to identify the services you need. Then we’ll set up a schedule so data is collected, recorded, and handled efficiently and timely.

How much will it cost?
You’re likely to save more than our services cost. Your in-house staff needs will be reduced, so you will reduce associated employee costs such as payroll taxes, employee benefits, training time and expense, equipment and software costs, and employee management costs.

Best of all, your bookkeeping and accounting functions will be taken care of, so you can concentrate on running your business. Contact us for a free estimate of the cost savings for your business.

Business Solutions

Business problems and their solutions are as varied as the kinds of businesses in existence. There are some issues, however, that every business faces. Whatever your business concerns, we can provide the help you need.

Whether you are starting a business or operating a going concern, we can help you select the proper organizational structure and help you secure adequate financing. We will work with you and your banker, lawyer, insurance agent, and other advisors to solve your business problems.

We can assist you with loan applications, pricing, credit policies, cash flow concerns, cost controls, and other management issues. We will gladly assist you in reviewing your operations to see what you might do to be more profitable.

What makes a business successful?
Never stop investigating ways to improve all areas of your business. The astute businessperson will seek information to assist him or her in making the changes necessary to stay profitable in a competitive business world.

Here are some ideas that could improve your profits:

Do your homework.
Before you start a new business, be sure the community can support such a business. Some areas are not large enough to warrant certain specialty shops. A bicycle shop, for example, may take a population base of 50,000 people to make it profitable. A grocery store, on the other hand, can be profitable in a town of only a few thousand.

Carefully review business proposals.
Business deals and special franchises which sound too good to be true usually are. We will gladly assist you in reviewing any business purchase or business proposal.

Enlist the services of professionals.
Accountants, bankers, insurance agents and lawyers can help you solve your business problems. These professionals handle a variety of business problems every day. They make excellent sounding boards for proposed transactions.

Check reasons for incorporating.
Don’t incorporate your business without first checking the long-range tax and non-tax considerations. There are many small corporations that would have been better off operating in some other legal form.

Make payroll deposits on time.
Some businesses receive penalties for late payroll tax deposits. To avoid such problems, don’t sign payroll checks unless the first check in the stack is the payroll deposit to your bank. This may have you paying deposits earlier than required, but you will not be receiving penalties.

Listen to your customers.
You are not only selling products or services, you are selling customer satisfaction. Satisfied customers return to spend more money and are likely to refer new customers to you.

Strive to retain customers.
It is estimated to cost ten times as much to acquire a new customer as it does to retain a current customer through good customer service.

Don’t make yourself indispensable.
If your company runs well now in your absence, it will run well in the event of your disability or death. If you are currently indispensable, start training people now. One of the most rewarding forms of retirement is to own your own company and to be absent as much as you like.

Give us a call for a no-charge initial conference. You should interview us, as you would any professional, to determine if we will be a good long-term match for you and your business. If we don’t have the answer to your problems, we will assist you in locating someone who does. We always welcome your questions.

Financial Statements

We can prepare or supervise the preparation of your financial statements.

More importantly, we can help you use these statements, as well as other reports, to better manage your business and increase your profitability.

Good financial records are necessary for several reasons:

  • Daily operating decisions are based on financial reports.
  • Bank loans require reports of past performance.
  • Tax return numbers need proper substantiation.

Prepare financial reports monthly. For year-to-date comparisons and to make quick management decisions, financial reports must be done monthly. “As goes the month, so goes the year.” You can compare the sales, gross profit, and net profit at, say, the end of May, with prior years and get a good idea of how the current year will finish. You can compare the total accounts receivable or payables with prior years to spot problems and then quickly take corrective action.

Here are some common business ratios you should monitor on a month-by-month and a year-by-year basis:

  • Current Ratio – Current assets divided by current liabilities will measure your ability to pay your current debts.
  • Debt to Equity Ratio – Total liabilities divided by net worth will provide you with a year-to-year comparison of your ownership in the company.
  • Receivables Outstanding – Receivables divided by average day’s sales will give you the number of days’ sales on the books.
  • Profit Margin – Gross profit divided by net sales will allow you to compare your business operations to other companies in your industry, as well as monitor your own operations over time.

Understanding financial statements can increase business profits. If you would like to learn more about using financial statements to make sound business decisions, we would be happy to assist you. No one was born understanding financial information, but it is easier to learn than most people think.

Please ask as many questions as you like; we will help you until you are comfortable with business numbers and can use yours to increase your profitability.

Software Resource

Building and running a small business requires a great deal of time and attention. The paperwork alone can become overwhelming. With the right tools, this job can be easier, and your business can be run more profitably.

We can help you choose the right business management software, and we are here to guide you through the setup. We can answer any questions you have along the way.

We support great software!
In order to serve you more efficiently, we are able to work with your files created in the following software applications: One-Write, Peachtree, QuickBooks, and QuickBooks Pro. We are an authorized QuickBooks Professional Advisor.

These powerful applications will save you time and money by helping you to run your business more efficiently. Here are some of the time-saving features you can use:

  • Billing
  • Accounts receivable
  • Payroll
  • Check writing
  • General ledger
  • Bank reconciliation
  • Job costing
  • Financial statements

Whether you’re an experienced computer user or a novice, you’ll get our help with:

  • Computer selection and set up
  • Software selection and installation
  • Staff training
  • Support on-site and by telephone

Contact us today for a no-charge initial consultation, and see how these programs can save you time and money in your business!

Payroll Preparation

Since 1990, Kelly Financial Services, Inc has offered a perfectly executed payroll processing service to our clients. A Payroll Service which saves them time, money and keeps the payroll process confidential from other employees.

Payroll can be processed weekly, bi-weekly, semi-monthly or monthly payroll periods, in certain cases we can provide 2 hour turn around for payroll.

Payroll wages can be calculated by using the hourly, salary, tipped employee compensation, prevailing wage payroll, or any other method which the Client requires or may be required to pay employees.

KFSI provides a special combination of local customer service and support. Our payroll services are all inclusive – as we prepare the payroll, file the tax deposits, prepare the quarterly tax returns, annual tax returns, and handle the workman’s compensation insurance audits.

Along with the Payroll Services, we will prepare all required 1099s for the Employer to help keep them in tax compliance.
Our payroll service is fast, efficient and trouble-free. Our confidential, cost-effective Payroll Service eliminates the tedious chore of payroll processing in your office. It is a natural extension of the monthly financial reporting and tax services KFSI provides. Allow us to help you make more profitable use of your business day by assisting with this critical but time-consuming task.

KFSI’s Payroll Service produces professional, computer-generated checks for your employees and all related tax agencies and other payments, along with a wide variety of available payroll reports and analyses. With our Payroll Service, payroll is no longer a tedious process. It is a smooth function of your business!

1099 Reporting Requirements

Self-Employed Persons and Business and Rental Property Owners
You are required to furnish a 1099 to any unincorporated business, this includes LLCs and LLPs, or to person(s) to whom you have paid $600 or more for services or rent, or $10 or more in gross royalty or interest payments. Areas reportable for all self-employed include payments made for accounting fees, commissions, rent of building, land, cars & or trucks, repairs of business cars or trucks & sub-contract labor (non-employee compensation). If you have a privately held mortgage or loan you must report all interest over $10 that is paid to that individual. Do not issue a 1099 to a bank or lending institution.

Contact Us

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