Business Details
8 Years
experience
Your Trusted Partner for Bookkeeping Solutions in Springfield, IL
Compass Rose Bookkeeping was founded in 2018 with a mission to provide exceptional back-end support for small businesses. Our team, led by owner Nyla, brings years of corporate experience to help entrepreneurs streamline operations, reduce stress, and reclaim personal time. We specialize in bookkeeping, payroll management, QuickBooks setup, and tax compliance solutions tailored to each client's unique needs. Our commitment to employing and training mothers ensures our team understands the importance of work-life balance while delivering measurable financial results.With integrity and expertise, we handle complex financial processes including contractor payments, state tax filings, and advanced revenue tracking to help businesses thrive. Our customized approach combines automated efficiency with personalized service, offering competitive pricing and free consultations to support long-term client success.
Services
Bookkeeping
Payroll Management
QuickBooks Setup
Tax Compliance
Financial Tracking
1099 Filing
Contractor Payments
Custom Statements
Sales Tax Filing
Job Costing
Details
- Year established: 2018
Highlights and features
- We offer personalized bookkeeping solutions tailored to each business's unique needs
- Our team provides QuickBooks expertise with comprehensive setup and ongoing training
- We specialize in advanced revenue and expense tracking for accurate financial reporting
- Our payroll services include tax planning and timely contractor payment processing
- Woman-owned business committed to employing and training mothers for remote work
Services
Bookkeeping
Our bookkeeping service ensures accurate transaction recording through automated processes that streamline data entry. We maintain organized financial records, track income and expenses, and generate regular reports to help businesses monitor cash flow. Our system integrates with accounting software to provide real-time financial insights while maintaining compliance with regulatory requirements.
Payroll Management
We handle complete payroll processing including time-tracking systems, tax calculations, and employee payments. Our service includes payroll tax planning to help businesses stay ahead of tax obligations while ensuring accurate and timely wage disbursements. We also manage contractor payments and 1099 filing requirements for compliance.
QuickBooks Setup
Our QuickBooks experts provide complete setup and configuration for new users. We customize the software to match business needs, train staff on proper usage, and offer ongoing support for system optimization. This includes chart of accounts setup, bank connectivity, and integration with other business tools for efficient financial management.
Tax Compliance
We ensure businesses meet all state and local tax requirements through proactive planning and accurate filings. Our service includes sales tax liability estimation, contractor W9 collection, 1099 preparation, and payment scheduling to prevent tax surprises while maintaining compliance with regulatory deadlines.
Financial Tracking
Our advanced revenue and expense tracking system organizes financial data by project, location, or class. This job costing approach helps businesses understand profitability by segment, track asset performance, and make informed financial decisions through detailed, customized reporting.
People
Nyla
Owner and Operator
Former corporate professional who founded Compass Rose Bookkeeping in 2018 to help small business owners achieve work-life balance. Passionate about empowering mothers through remote work opportunities while delivering expert financial services to local businesses.
Questions
What accounting software do you support?
We specialize in QuickBooks setup and training, but can work with most major accounting software platforms to ensure seamless integration with your business operations.
Do you handle both business and personal tax filings?
Our focus is on business tax compliance including payroll taxes, sales taxes, and contractor 1099 filings. We recommend consulting a personal tax professional for individual tax returns.
How do you ensure data security?
We use bank-level encryption for financial data, secure W9 collection systems, and follow strict confidentiality protocols to protect all client information and financial records.
Can you help with existing accounting systems?
Yes, we can evaluate and improve existing accounting systems, provide staff training, and implement better financial tracking processes regardless of your current setup.
What industries do you serve?
While we work with various small businesses, we have particular experience with service-based businesses, retail operations, and independent contractors requiring specialized financial tracking.
Do you offer free consultations?
Yes, we provide complimentary initial consultations to understand your business needs and demonstrate how our customized bookkeeping solutions can benefit your specific situation.
