Bookkeeping Services in Kermit, TX
Bookkeeping for Kermit businesses that are too busy in the field to keep up with the office. We reconcile your accounts, track who owes you, and send clear monthly statements, all without you making the drive to Odessa.
Kermit at a Glance
- County
- Winkler County
- From our office
- About 45 miles west of Odessa on TX-302
- Sales tax
- 8.25% inside city limits
- Local economy
- Oil and gas, frac sand mining and oilfield trucking
Our team in the Odessa office, about 45 miles east of Kermit on TX-302.
Bookkeeping When the Owner Is Also the Crew
Kermit has been an oil town since the Hendrick field came in near town in 1926, and it now sits close to the edge of the Delaware Basin, one of the busiest drilling areas in the Permian. Frac sand is mined from the dunes northeast of town, and a lot of local businesses haul, service or supply that work.
In a town of around 6,000 people, many of those businesses are run by owners who are on location all day and doing paperwork at night. The books slip, invoices go out late, and it gets hard to tell how the business is really doing.
Invoices Out, Payments In
Receivables tracked so you know which operators and contractors still owe you.
Books Without the Night Shift
Monthly bookkeeping handled for you, so evenings are not spent sorting receipts.
What Kermit Clients Get Each Month
Monthly Reconciliations
Bank and credit card accounts matched to statements so nothing is missing or doubled.
Receivables Report
A list of open invoices and how long each has been outstanding.
Financial Statements
A monthly profit and loss statement and balance sheet you can read in a few minutes.
Sales Tax Tracking
Taxable sales and collected tax tracked at Kermit’s 8.25% city rate.
Working With Us From Kermit
Documents
Statements, receipts and tax forms are shared securely online, so nobody has to drive paper anywhere.
Meetings
Calls and video meetings on your schedule, with check-ins through the year, not just a rush in April.
The Office
Prefer to sit down in person? Our Odessa office is about 45 miles east of Kermit on TX-302, and you are welcome to stop by with an appointment.
Other Services in Kermit
Tax Preparation in Kermit
Personal, contractor and business returns for Kermit clients.
Tax Planning in Kermit
Estimates, set-aside plans and entity decisions for Kermit owners.
Payroll in Kermit
Payroll setup, pay runs and filings for Kermit employers.
Bookkeeping in Nearby Towns
Frequently Asked Questions
What Kermit business owners ask about bookkeeping.