Bookkeeping
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.
BANK RECONCILIATION
- 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
INCOME STATEMENTS
- 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
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.
Lisa Nyquist
Lisa has been with Magnuson McHugh & Company since 1991 and is an Idaho native.
Nicole Potter, CPA
Nicole started with the firm in November 2017. She graduated from Gonzaga University with a Bachelor of Business Administration in Accounting. She was previously with an accounting firm in Spokane and has twelve years of experience in tax and accounting.
Madison Rowley
Madi joined the firm in December 2016. As an Idaho native, she graduated from Lewis Clark State College with a Bachelor of Science in Business Administration.
Kelly Nikula
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.
Email: Kelly Wolf
Daniell Alworth
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.
Kieley Nielsen
Kieley joined the firm in 2018. She started at the front desk and worked her way into an Accountant position with the CAS department. She is a Native Idahoan that studied Business & Hospitality at North Idaho College.
Shelby Harding
Shelby joined the firm in May 2021. This well-traveled Spokane native is a graduate of Keele University in the United Kingdom and Whitworth University in Spokane. She was previously an Administrative Assistant in Dermatology and Imaging and an Editor/Contributor to Concourse Magazine and the Whitworthian.
Outside of work, she’s involved in the Keele University USA Alumni group and actively supports the Kootenai Humane Society and the Shriner’s Hospital.