Tax Preparation, Bookkeeping, & More

Franke & Turnbull, CPAs offers a wide range of services to our individual and business clients. Accurate and timely financial information is essential for any individual or business to achieve its goals and meet its compliance requirements. The size of our firm coupled with the knowledge and experience of our professional staff, ensures that our clients receive personalized, quality service. Services we offer include, but are not limited to:

Accounting, Bookkeeping & Payroll Services

Whether you're a start-up or established enterprise, your business relies on accurate financial information in order to maintain profits and capitalize on any new opportunities that arise. At Franke & Turnbull, CPAs, we offer accounting services that will help direct you towards your goals with precise record-keeping and reporting, as well as support on financial issues, including initial accounting system setup, tax planning, and profit-sharing plans.

Accounting services include, but are not limited to:

  • General ledger and financial statement preparation
  • Cash flow budgeting and forecasting
  • Accounting system setup and support
  • Personal financial statements
  • Bookkeeping
  • Payroll processing

Bookkeeping Services

When you're looking to keep your business or personal financial records accurate and up to date, come to Franke & Turnbull CPAs for bookkeeping services you can trust. Bookkeeping will not only keep your records well-organized, it will allow for your business to run smoothly. In today's world, there is no time for errors! Allow our team to ensure your records are on track, accurate, and up-to-date.

Payroll Processing

As your business begins to grow, you will need to hire more people, and as a result your payroll administration will continue to grow as well. Our team can help you in developing a reliable and effective payroll system. We will work with you to develop a payroll system that fits your company and make sure your payroll tax returns are prepared and filed accurately and on time.

Tax Return Preparation

Since 1981, our team at Franke & Turnbull CPAs has been assisting individuals, businesses, partnerships, and non-profits in preparing their tax returns. With our tax knowledge and experience, we have what it takes to prepare an accurate tax return. Franke & Turnbull CPAs also provides tax planning services. Whether you are preparing for a significant change to your individual or business tax situation, or are planning for a business buy or sell, you can be assured our team will give you accurate information to help you make important tax decisions. If you have any questions on your tax return, whether prepared by us or someone else, our team is here to assist you. Call us at 608-784-1890 today for more information!

Financial Statement Services – Audits, Reviews, and Compilations

At Franke &Turnbull, CPAs, our financial statement services are comprised of three levels of assurance based on professional standards. Below is a description of the basic procedures performed for each level of service. Depending on your company's needs, we can also tailor additional procedures to help you evaluate your organization's financials, controls, and risks.

Audits

Audits provide the highest level of assurance that financial statement are presented fairly. Our audit team follows professional standards required to corroborate amounts and disclosures included in the financial statements. Audit procedures include inquiry, observation, third-party confirmation, examination of transactions, and analytical procedures. Professional standards also require that we obtain knowledge of the client's business and the industry in which it operates, obtain an understanding of its internal controls, and assess its risks related to fraud. Audits are often performed as a requirement from an outside party (such as banks, creditors, grantors or regulators) to obtain an independent opinion on the financial statements.

Review

Reviewed financial statements provide our clients with limited assurance that financial statements are prepared in conformity with their applicable reporting framework. In accordance with professional standards, a review involves inquiries and analytical procedures that will help to identify material adjustments needed to present such financial statements. Professional standards also require that we obtain knowledge of the client's business and the industry in which it operates, but we are not required to gain an understanding of a company's internal controls, perform tests of transactions, confirmations of balances, or assess fraud risk. Reviews are often performed as a requirement from outside parties (such as banks, creditors, or grantors) to gain some comfort regarding the financial statement presentation of an entity in which it holds a financial interest.

Compilations

Compilations are the most basic level of financial statement services available and can be helpful for privately held companies or small non-profit organizations to better understand their financial position. In accordance with professional standards, we use information provided by our client to assist in preparing financial statements without verification or assurance. Professional standards require that we obtain knowledge of the client's business and the industry in which it operates and consider whether financial statements appear appropriate and free of material errors. A review does not require inquiry or analytical procedures to corroborate information provided.

Accounting Software Help and Assistance

Quickbooks® software provides useful and timely information in different forms, including financial statements, reports, and graphs. But it can only give this information if you purchase the correct product and install, setup, and use it correctly. Our team will help you understand how to use the software, and make sure you use it efficiently and effectively.

Personal Training

Our team will train you on how to use the software. We offer training either one-on-one or in groups with people from your company.

Installation

Whether you need QuickBooks® installed on your stand alone computer or in your company's entire network, we can install it for you in either single or multi-user mode.

Setup

We can assist those who are new to Quickbooks® with the initial setup, including the EasyStep Interview, preferences, lists, customers, vendors, employees, banking and reports. Our team is also capable of helping experienced users manage their software better through improving their current setup.

Support

With our QuickBooks® support services, we can assist you with any installation, setup, or operation assistance. Also, our support is not limited to just the software end of it, but also accounting and payroll assistance.

Review

Our QuickBooks® review service assists companies that have human resources performing daily accounting and payroll services, but still need an accounting and payroll expert to look over all transactions, reports, and accounts. Our reviews ensure that each company receives timely, relevant, and reliable financial information. We also discuss any corrections or adjustments that need to be made to make sure that the financial information a company receives reflects the right financial condition of the business. We can complete reviews at any time, but usually monthly reviews provide the most up-to-date information possible.