Accounting Services in Wichita, KS

It mostly comes down to volume and complexity. A business with a few hundred transactions a month and one bank account needs far less than one running payroll in several states, carrying inventory and juggling loans. Monthly reporting, tax planning or virtual CFO support add to the scope. We start by pinning down what you actually need, then put the recurring work, due dates and deliverables in writing so the fee is easy to understand.

Not always. CPAs are licensed by state boards, and you'd need one for an audited or reviewed financial statement. For bookkeeping, reporting, budgeting, tax planning, tax preparation and IRS representation, an Enrolled Agent is fully qualified. Our founder is an Enrolled Agent with unlimited practice rights before the IRS; we are not a CPA practice and don't issue audit opinions.

Usually it covers reconciling bank and card accounts, reviewing how transactions are coded, closing the month, producing financial statements and some level of reporting or budgeting on top. Some clients also want cash flow analysis or help setting up basic controls, like who approves bills. The scope works best when everyone agrees on who sends what, by when, and what you'll get back each month.

Monthly is the right rhythm for most small businesses. You see revenue, costs, margins, cash and how you're tracking against budget while there's still time to adjust. Some owners also want a short weekly cash report, and contractors or project based firms often want job level numbers. Whatever the schedule, the point is to catch a problem in March, not discover it at year end.

Yes, mainly by showing you where it goes. We lay out receivables, payables, recurring costs, loan payments and expected revenue in one forecast, which makes slow collections or a lumpy expense obvious. From there we can look at billing terms, payment timing and the cash effect of a new hire or equipment purchase before you commit. Good information doesn't create cash, but it makes it much easier to manage.

Yes. Government contractors have rules most small businesses don't: DCAA expectations, FAR cost principles, indirect rate pools and specific timekeeping and billing requirements. Our founder worked in federal contracting finance for years, and some of our team hold active federal security clearances. We can set up a compliant accounting system from scratch or take over the reporting and rate work for a contractor that's already up and running.

Access to your accounting software, recent bank and credit card statements, the last two or three tax returns, payroll reports, loan schedules, major contracts, and receivables and payables aging reports. Any budget or forecast you already have is useful too. And mention any IRS or state notices you've received, even if they seem minor; it's better to know about them on day one.

Yes. As an Enrolled Agent, our founder is federally authorized to represent taxpayers before the IRS in every state, so a Wichita business doesn't need to look elsewhere. That includes answering audit letters, resolving back taxes or payroll tax balances, setting up payment plans and requesting penalty relief. If accounting cleanup reveals an IRS problem, we can handle the resolution without bringing in another firm.