Rankin Bookkeeping

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Rankin Bookkeeping Helping business owners gain the financial clarity they need to make confident, profitable decisions to grow their business
Free Books Evaluation

Founded by a certified bookkeeper and payroll specialist, Rankin Bookkeeping understands firsthand the pressures of running a business—juggling sales, operations, client work, and everything in between. That’s why we go beyond data entry. We provide accurate bookkeeping, stress-free payroll solutions, and financial planning support that helps business owners save time, stay compliant, increase revenue and make smarter decisions.

Bookkeeping provides accurate categorization of your business transactions , bank reconciliation and generates Profit & ...
10/16/2026

Bookkeeping provides accurate categorization of your business transactions , bank reconciliation and generates Profit & Loss Statement, Balance Sheet, and Cashflow reports that’s trustworthy.

With financial information available monthly, you can understand how your business is performing throughout the year.

It helps your accountant by providing the information needed so they can give you better tax advice.

Bookkeeping gives small business owners the essential financial support they need to make better business decisions.

We all know that bookkeeping isn’t just another administrative tasks; it’s an essential tool needed to understanding your business, avoid costly surprises, and keep more of what you earn.

Every business needs accurate books to grow. So why are you doing it yourself?

Want to know where your business stand, ask me about a free consultation.

I'm now Open to new clients.
10/16/2026

I'm now Open to new clients.

What Happens When You Don't Close Your Books?It can trigger a domino effect of financial chaos, compliance risks, and op...
10/15/2026

What Happens When You Don't Close Your Books?
It can trigger a domino effect of financial chaos, compliance risks, and operational blindness as well as tax and legal nightmares.

A consistent monthly-end process helps establish:
This month's books have been reviewed.
Prevents accidental edits or backdating of finalized past transactions.
And makes financial reporting more reliable.

Performing a monthly close sequence in your accounting software sets up a better process to ensure your books are locked down on time.

Are you currently behind on closing your books, I can help you catch up.

5 Signs You Need A CleanupBookkeeping doesn’t look the same as it did five years ago, and neither do the warning signs t...
10/13/2026

5 Signs You Need A Cleanup

Bookkeeping doesn’t look the same as it did five years ago, and neither do the warning signs that signal you might need a cleanup.

While many small business owners try to tidy their books when anomalies surface, they often neglect to keep everything accurate and organized ahead of irregularities.

5 Signs it’s Time:

1) Too many disconnected integrations:
Excess apps and rushed integrations can lead to duplicate entries or incomplete transactions. Performing an audit can help figure out why.

2) Unreconciled automated workflow errors:
Automated rules are effective tools but they can also miscategorize transactions. If you don’t have daily human oversight to check for any unreconciled errors.

3) Surprising P&L results: Surprisingly high or low profit margins should trigger bookkeeping cleanup right away. Don’t excuse it as an off month.

4) Preparing for a loan:
Clean up your books ahead of every loan application to resolve anomalies. This put you in the best possible position for approval. Don’t let lenders be the ones to tell you that something is amiss.

5) Incoming tax season:
Tax season can feel shorter than expected. Performing a thorough audit of your books can avoid a stressful time crunch.

These are only a few , the key is finding and identifying small anomalies before they become systemic problems. This is vital to keep your finances transparent, accurate, and compliant.

Knowing when to start a cleanup is equally as important as it is in performing one.

Need help keeping your books tidy, let’s have a conversation.

Your New Local Business ConciergeHi neighbors!Many of you know me as a professional bookkeeper and notary public neighbo...
10/12/2026

Your New Local Business Concierge

Hi neighbors!

Many of you know me as a professional bookkeeper and notary public neighbor in the Memphis Tennessee area, but I wanted to share an update.

I’ve expanded my services to support small business owners, freelancers, and families.

I’ve add Business Operations & Compliance Support to my practice. Think of me as your “Back-Office Concierge" for companies.

I specialize in taking the headache out of starting, managing, and scaling a business by handling your backend tech setup, financial accounting, and legal paperwork all in one place.

I handle highly sensitive financial and corporate records daily. I can now support you and your business as a complete back-office partner, providing the exact financial infrastructure and digital launch tools you need to build your company with total confidence.

New Business Launch & Tech Setup: Starting a new company,I can handle your entire digital launch in a weekend—registering custom domain names, deploying professional Google Workspace emails, setting up your Google Business Profile map pin for local search traffic, and setting up merchant account invoicing.

Financial Systems: A Certified QuickBooks Online (QBO) ProAdvisor, I take the stress out of tax season by cleaning up messy account ledgers, tracking monthly receipts, and organizing small business books.

Mobile Notary & Legal Vetting: A commissioned Tennessee Notary Public and NNA Certified Loan Signing Agent. If you need real estate closings, Living Trusts, Powers of Attorney, car titles, or remote employee I-9 forms securely verified, I can travel directly to your kitchen table or office.

Whether you need a quick document stamped, your existing business receipts organized, or you want a complete concierge setup to launch a brand-new business from scratch, I’m right down the road and ready to help.

Please feel free to send me a direct message or reply below to chat!

Bookkeeping Tip of the DayNegative Accounts Deserve a Question MarkA negative balance on your Balance sheet or P/L repor...
10/12/2026

Bookkeeping Tip of the Day

Negative Accounts Deserve a Question Mark

A negative balance on your Balance sheet or P/L reports isn't automatically wrong. But they need to be investigated.
And should make you ask:
Why is this negative?

Depending on the account, the answer could indicate a timing issue, incorrect transaction, missing entry, or something completely legitimate.

Don't correct numbers you don't understand.

Have negative numbers and don’t understand why? Perhaps it’s time to seek a professional bookkeeper for answers.

10/06/2026

The Autumn Desk 🍂
October is the start of a new season and a great reminder to check in on your business finances.

Grab a coffee and a quiet space to take a look at:

P&L: Review both the current period and year-to-date, then compare them with the previous period and your budget

Bank accounts: Reconcile, Investigate, Confirm, Separate, Review. Remember Profit does not necessarily mean you have cash available.

Accounts receivable: Run an AR aging report. Do not focus only on the total AR balance. The age and collectability of the balance matter more.

Accounts payable: Match major bills to purchase orders, contracts, or other records. Look for bills that were paid twice or entered but not yet paid. Compare payment dates with expected customer receipts.

Check for any upcoming expenses

The goal is to gain clarity for clear decisions—not just gather financial reports. A useful review helps identify what changed, why it changed, what risk it creates, and when to act.

A little financial housekeeping now can prevent a stressful year-end.

Need Clarity for clear decision making let’s talk .

10/02/2026

Stuck in Limbo

While doing a cleanup for a client I kept running into transactions sitting in a clearing account.

What is a Clearing Account?

A clearing account is basically a temporary holding place for when money has moved or a transaction has occurred, but the complete transaction hasn't been recorded or matched yet.

It’s not where unexplained transactions permanently live.

A simple example
If you receive money through a payment system and it takes a couple of days before the money reaches your bank, a clearing account can help track:
Customer payment → Clearing account → Bank deposit
Once everything is properly recorded, the clearing account should generally clear back to $0.

Where the cleanup begins:
I found the money that had been sitting in the clearing account for months.
I traced the transactions back to the original activity, compared them to the bank records, and found where the bookkeeping trail had stopped.

That's the important part.
A clearing account is supposed to clear.

If money is sitting in that account month after month, it's worth asking:
Where did this money come from?
Where was it supposed to go?
And why hasn't the transaction been completed?

Sometimes the money isn't missing.
It's just stuck in limbo.
And that's exactly what a cleanup is designed to uncover.

Not sure what’s sitting in your books? Maybe it’s time for a Cleanup?



If there’s one dirty secret business owners keep hidden from friends and family, it’s that their books are a mess. Dupli...
09/30/2026

If there’s one dirty secret business owners keep hidden from friends and family, it’s that their books are a mess.

Duplicate transactions , sales tax sitting in revenue, missing statements, personal charges, and reconciliations that haven't been touched in years, to name just a few.

The truth is, small businesses books can get messy. It can make financial reports inaccurate and unreliable. That makes it difficult to see what is actually happening in business. And harder to confidently make important business decisions.

Why Cleaning up your books matters :
Avoid costly errors
Support accurate tax reporting
Cashflow Management
Make informed business decisions

Understanding your business is knowing your numbers.
Knowing your numbers gives you the information you need to make informed decisions that can take your business to the next level.

Not sure where you stand
Is a cleanup in your future
Perhaps it’s time to find out so you can stop keeping secrets 😉




Address

Memphis, TN

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+19012649672

Website

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