Iris Financial Group

Monthly accounting and reconciliations for Nashville businesses

Iris Financial Group works from Nashville, handling accounting, bookkeeping and financial management for companies. Its monthly accounting service reconciles bank statements, credit card statements, lines of credit and loans, and manages accounts payable and receivable. It also maintains the general ledger and chart of accounts, and prepares and remits sales tax returns, so that a client's books stay current from one month to the next.

Each month the firm produces balance sheets and income statements, and sends a monthly custom reports package. Its analysts review the figures and give ongoing advice, which helps owners see how the business is performing between accounting periods.

Year-end filings and tax support

At year end the firm prepares the required filings, deals with business tax and license matters, and helps a client's CPA with the tax preparation. Private clients in the high-net-worth bracket, and their families, form another part of the firm's work.

Budgets, forecasts and business consulting

Budgeting and forecasting come next. The firm creates and maintains budgets, prepares one to five year plans, and runs monthly financial analysis meetings that produce forecasting reports. The analytics are meant to help owners set strategy, plan for the future and align goals across the organization, which the firm treats as especially important during periods of change and growth.

Its business consulting helps an owner clarify the vision for the company and how it fits with personal goals, then moves the business from where it stands to where the owner wants it to be.

Payroll and HR paperwork

The payroll and human resources service handles full payroll management, covering the running and recording of each payroll. For new employees and contractors the firm prepares onboarding packets, and it creates HR forms and maintains employee handbooks for its clients. A client that needs to outsource this administration can hand over the whole cycle rather than parts of it.

QuickBooks setup, migration and training

The firm installs and configures QuickBooks Desktop and QuickBooks Online. Where a company is moving from other accounting software, the firm manages the transition to the Intuit product suite, then sets up, tidies and maintains the chart of accounts. Training and ongoing support for QuickBooks users are part of the same offer, so that the staff who use the software are able to work with it confidently.