John Morrissey Accountants works with individuals as well as a wide range of businesses and other organizations, many of them family-owned or closely held.

We have worked with professional service firms, schools, nonprofits, manufacturing companies, retail, restaurants, and many other types of organizations. Our clients often start out with one or two of our services. As our clients grow and change, our services expand to meet these changing needs. If you are a new client, we develop an accounting and tax program that is tailored to your needs and for your benefit. A service you’ll feel good about.

To see how John Morrissey Accountants has helped clients manage their financial matters, please see our Case Studies below or visit the Testimonials to see what our clients think about us.

To see what services we offer our clients, please click on How We Serve You. To schedule a complimentary consultation, please Contact Us to make arrangements.

Case Studies

Financial Education of Small Business Owner

The Situation

A small business owner had no idea how much time and energy was required for bookkeeping, taxes, and other financial decisions. The owner could not keep a balanced checkbook and was unable to track expenses properly.

The Solution

We assessed the situation, put the client’s books in order and straightened out all tax issues. We provided accurate financial statements and spent time educating the client on how to read them. We also helped streamline the flow and accuracy of information.

The Results

The owner is now able to make more timely and accurate business decisions because he knows the immediate impact on the bottom line. Tracking expenses provided the opportunity to catch an employee taking inventory from the company. The business is also more profitable due to better inventory control and the ability of the owner to concentrate on the business rather than on the financial administrative tasks. Our client is now in good standing with all federal and state taxing agencies. 

Strategic Planning for Business Growth

The Situation

Our client started their business in 1949 and they became our client in 1970. In the beginning of the relationship the services we provided were the Federal and State personal and business tax returns. Over the years, as they got to know and trust us they added Federal and State unemployment tax returns, financial procedures for ownership, bank reconciliations, general ledger work and weekly payroll. During this time our client also wanted to grow their business.

The Solution

We assessed the type of growth they wanted to achieve and determined the direction they needed to go in order to obtain these goals. Together we developed a plan for this business growth along with a long-range corporate structure and ownership plan. As the business grew, we helped transition ownership from the first to the second generation and then from the second to the third generation. We also assisted in evaluations for the estate and in the potential sale of the business.

The Results

The business grew from one retail outlet to five retail outlets plus a mail order service. Their sales went from approximately $1,000,000 to $8,000,000+ and the number of employees went from 15 to over 50. Due to the financially sound structure of the business and the growth they achieved, the business was sold in 2005.

Moving to a High Technology Environment

The Situation

A professional client required assistance with the accounting functions because they were doing a lot of double and triple entries as well as manual entries that were leading to posting errors. They also had not produced a good financial statement in many years, and the employee that was doing the work was not competent.

The Solution

We evaluated the files and eliminated outdated and bad files. After cleaning up the data, we uploaded it along with the client’s unique software into our computer system. We customized and modified the data entry tasks and moved their office from a low technology environment to a completely electronic one. We also produced a proper financial statement for them.

The Results

As a result of our work, the firm now has all information in an electronic format. This means they can now pull critical reports on demand. All of their bills are paid in a timely matter and they know all of their charges are current. Our client was apprehensive at the start of the project; now they appreciate that their accounting function is in capable hands.

Accounting Function Redesign

The Situation

A new client was interested in an outside company handling their complete accounting function for the following reasons:

• They were months behind in collecting outstanding invoices and paying accounts payables.
• Invoicing/billing was done manually and each invoice was being priced by the owner. This created a bottleneck and it was sometimes weeks before invoices were sent to clients.
• They had inefficient systems setup for data entry requiring double and triple entry often resulting in mistakes being made.
• Not enough staff capable of performing the duties of the accounting functions.

The Solution

We assessed the situation, determined the amount of manual data entry needed to be reduced and the bottleneck in invoicing needed to be removed. The client was using customized software for the main portion of the business, but they were not using the portion of the software that allowed them to enter billing information. We teamed up with the software designer and created a new feature in the software to automatically price the invoice based on information the user entered. Since all of the information we needed was on one system, a program was created that would export the data from their software; an electronic link was created between offices to allow us to transfer this data and upload it into our accounting software. Our company now handles every aspect of the accounting function in-house.

The Results

The owner has shifted from focusing on administrative financial tasks to focusing on the core business and increasing profits. The cash flow has also increased dramatically because invoices are currently being sent timely. The owner also has the ability to do business from anywhere in the U.S. because his business is now being managed electronically. This has resulted in an increase in profits of more than $100,000 per month. 

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Client Testimonials

See what our clients have to say about our services...

"I am most grateful for the friendship and excellent service, courtesy and wise counsel that John, Fran and their associates have always given me over the years. I highly recommend John Morrissey Accountants. You are the best!"

                     — Personal Tax Client

"Is it the right time to grow?"
 
"How can I finance a new building?"
 
"I know my business, but John Morrissey Accountants knows the "business of business." I know the answers, but it sure helps to have the reassurance that I’m making the right decision. John Morrissey Accountants plays the role of mentor. They give me the opportunity to proceed confidently with my business."

— Business Owner - Professional Services Organization

"John Morrissey Accountants does an excellent job with our bookkeeping and accounting, but it’s not the main focus of the relationship. John Morrissey Accountants is an invaluable consultant, representative and partner to my company. My background is in manufacturing. It just makes sense to have a partner who specializes in the business side of my business. John Morrissey Accountants has been focusing on making businesses successful for the last 30 years. That’s who I want on my team."

— Business Owner - Manufacturing Company