Our bookkeeping services create a successful foundation for your business with meaningful, well-organized financial records. Our team’s accurate and timely bookkeeping services will also help ensure your operations run more efficiently on a daily basis. We’re also QuickBooks Certified ProAdvisors.
Magnuson, McHugh and Company will act as your bookkeeping staff, processing your transactions and providing essential reports. Our services are always tailored to your specific business needs.
What’s the number one time consuming task for a small to medium sized business owner? Bookkeeping. Allow us to take it off your hands and we essentially become your external accounting department. You’ll get relief from the never-ending flow of bookkeeping tasks.
As your trusted partners, we make sure you’ll never have to worry about the accuracy or reliability of your business data. You can count on our skilled professionals for everything from bill paying to sales deposits, and bank statements to credit card reconciliation, and more.
The foundation of our bookkeeping services involves four key areas. Let us worry about all the details and deliver meticulous data you can rely on.
- Helping ensure efficient cash management
- Identifying lost checks or lost deposits
- Ensuring proper transactions are posting
- Detecting and preventing unjustified bank charges or questionable activity
- Tracking escrow transactions
- Keep a pulse on your budget status
- Calculate your income tax liability
- Determine specific items or expenses that are hurting your financials
- Identify returns or refunds trends impacting your bottom line
- Track important financial metrics
CHECKS AND BALANCES
- Grasp the financial strengths and capabilities of your business
- Have up-to-date financial data for lenders and vendors
- Know your receivables and payables trends
- Plan proper cash reserves
- Determine if you have any cash shortages and how to mitigate
- Understand business growth trends and plan milestones
GENERAL LEDGER MAINTENANCE
Your company’s general ledger is the single most important financial record you have. If it’s not properly handled, then the rest of your data won’t be reliable.
The Magnuson, McHugh and Company bookkeeping experts can review your general ledger system each month to uncover any discrepancies— like over billings or unrecorded payments. This will help paint an accurate picture of your company’s financial status.
A quick and accurate picture of your business activity is just a few clicks away with bookkeeping services from Magnuson, McHugh and Company. Plus, less time bookkeeping means more time focusing on your priorities — like growing your Coeur d’Alene and North Idaho area business.
Are you ready to have accurate, professional bookkeeping from local trusted experts? Then contact one of our Coeur d’Alene and North Idaho area bookkeeping specialists below or call us at 208.765.9500.
OUR PAYROLL AND BOOKKEEPING SPECIALISTS
Since joining the Company in 2011, Daniell has been working on her associates degree at North Idaho College and plans to pursue further education after that at Lewis Clark State College. She is a North Idaho native.
Kelly has been with MMCO since 1983 serving a variety of roles, including Network Administrator for the IT department. With more than 30 years in the industry, Kelly has recently joined the small business services department as an Accountant, focusing on bookkeeping and payroll. She has a degree in Computer Programming from Las Vegas Education Dynamics Institute and also attended the University of Nevada majoring in Accounting. Kelly is a certified QBO Pro-Advisor and enjoys volunteering at local community events in her free time.
Kim Kelly, CPA
Kim has a Bachelor of Arts in business administration from California State University. Prior to joining the Firm her experience includes being a self-employed CPA, controller for Master Plan Developments, Inc. and a senior tax accountant for Ernst & Young, LLP. Kim holds CPA licenses in Idaho and California.
Madison is an Idaho native and joined the firm in December 2016. She is a recent graduate from Lewis Clark State College with a Bachelor’s of Science in business administration. She has previously worked as an administrative professional.
Michelle Schini Haneline, CPA
Michelle is a third generation Coeur d’Alene resident and proudly serves as President of Magnuson, McHugh & Company. She graduated from the University of Arizona in 1990, and joined Magnuson, McHugh & Company in 1995. Her current areas of focus include individual and business taxation as well as developing a practice in medical, dental consulting and business valuations. Michelle also has nearly 20 years’ experience in governmental accounting and auditing.
She currently serves as Treasurer of the North Idaho College Foundation. In her free time, she enjoys golfing, snow skiing, traveling and spending time with her husband and children.
Nicole Potter, CPA
Nicole started with the firm in November 2017. She is a graduate of Gonzaga University with a Bachelors of Business Administration in Accounting. She was previously with an accounting firm in Spokane and has twelve years of experience in tax and accounting.