Bookkeeping Services in Seminole, TX
In Seminole, a lot of the money comes in once a year, at harvest, and goes out every month in between. We keep farm, shop and contractor books reconciled month by month, so you can see where you stand long before the cotton is ginned.
Seminole at a Glance
- County
- Gaines County
- From our office
- About 65 miles north of Odessa on US-385, through Andrews
- Sales tax
- 8.25% inside city limits
- Local economy
- Cotton, peanuts, oil and gas, and a large Mennonite farming community
Our team in the Odessa office, about 65 miles south of Seminole on US-385.
Books Built Around the Crop Year
Gaines County has long ranked among the top cotton counties in Texas, and it grows a large share of the state’s peanuts too, mostly on irrigated ground. Seminole is the market town for those farms and for the oil and gas fields that have produced in the county since the 1930s.
Farm books need more than a checkbook register. Input costs, crop insurance, government program payments, equipment loans and land rent all need their own place. The same goes for the welding shops, builders and equipment dealers in town, many of them family businesses, in a county where a Mennonite farming community has been part of the economy since the late 1970s.
Costs by Field or Crop
Seed, fertilizer, water and custom work tracked by crop, so you can compare cotton to peanuts.
Equipment and Loan Records
Notes, payments and depreciation kept straight for tractors, pivots and trucks.
Monthly Bookkeeping for Seminole Businesses
Monthly Reconciliation
Bank, credit card and operating loan accounts matched to statements every month.
Farm Income Records
Crop sales, insurance proceeds and program payments recorded the way they will be reported.
Clear Monthly Reports
A profit and loss statement and balance sheet you can take to your ag lender.
Sales Tax for Town Businesses
Sales tax recorded apart from income for shops and retailers, at Seminole’s 8.25% city rate.
Working With Us From Seminole
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 65 miles south of Seminole on US-385, and you are welcome to stop by with an appointment.
Other Services in Seminole
Tax Preparation in Seminole
Farm and business returns, depreciation and franchise reports.
Tax Planning in Seminole
Year-end projections, purchase timing and farm income averaging.
Payroll in Seminole
Farm and business payroll, deposits, TWC reports and W-2s.
Bookkeeping in Nearby Towns
Frequently Asked Questions
What Seminole business owners ask about bookkeeping.
