Bookkeeping Services in Midland, TX
Reconciled accounts, job costing and a clear set of statements every month for Midland businesses. When oilfield invoices sit at net 60 and fuel bills come due weekly, books that are current are what tell you whether you can make payroll.
Midland at a Glance
- County
- Midland County
- From our office
- About 20 miles east of Odessa on I-20
- Sales tax
- 8.25% inside city limits
- Local economy
- Energy, trucking, healthcare and aerospace
Our team in the Odessa office, about 20 miles west of Midland on I-20.
Books That Keep Pace With Midland’s Cash Flow
Midland is the business center of the Permian Basin. Chevron, Diamondback Energy, ConocoPhillips, ExxonMobil and EOG Resources all run major operations here, and around them sits a dense layer of oilfield service companies, trucking outfits, contractors and medical practices.
For most of those businesses the problem is not making money. It is the gap between doing the work and getting paid for it. Books that are reconciled every month show that gap before it turns into a missed payroll or a surprise line-of-credit draw.
Receivables You Can See
Open invoices tracked by operator or customer, so you know who owes what and how long it has been.
Job and Lease Costing
Fuel, labor and equipment tied to the job that used them, so you can see which work actually pays.
Bookkeeping Set Up for Midland Businesses
Monthly Reconciliation
Bank, credit card and loan accounts matched to their statements every month.
Job Costing
Costs tracked by customer, job or lease, set up around how your business bills.
Monthly Statements
A profit and loss statement and balance sheet you can hand to a lender or a bonding company.
Sales Tax Set Aside
Sales tax tracked separately as you collect it, at Midland’s 8.25% rate inside city limits.
Working With Us From Midland
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 20 miles west of Midland on I-20, and you are welcome to stop by with an appointment.
Other Services in Midland
Tax Preparation in Midland
Business and personal returns, royalty income and franchise tax reports.
Tax Planning in Midland
Estimated payments, entity decisions and equipment timing before year end.
Payroll in Midland
Pay runs, tax deposits, TWC reports and year-end W-2s and 1099s.
Bookkeeping in Nearby Towns
Frequently Asked Questions
What Midland business owners ask about bookkeeping.
