Books for Denton's Mix of Businesses
Denton's businesses include bars and restaurants, venues, studios, rental owners, manufacturers and horse operations. Each needs books that are current and reconciled. BOMCAS keeps books for Denton businesses remotely, closing each month with a report owners can use.
Our monthly routine is described on the Texas bookkeeping page. This page shows how it works for Denton businesses.
Bars and Restaurants
We reconcile daily sales to deposits, separate liquor, beer, wine and food sales for tax returns, record tips and delivery app fees, and track food and liquor cost percentages each month. Liquor inventory is counted and reconciled so shrinkage shows up quickly.
Venues and Promoters
Venues and promoters handle ticket sales, guarantees to bands, door splits, bar sales and production costs. Each show is tracked as its own project, so owners know which shows made money. Ticketing platform settlements are reconciled to the show records.
Studios and Bands
Studios record client sessions, equipment and royalty income. Bands that share income keep a simple set of books with each member's share of income and expenses, so the partnership return and K-1s can be prepared easily.
Student Rentals
Owners of rental houses near campus track rent by unit and tenant, deposits, repairs and turnover costs each August. Security deposits are liabilities until returned or applied. We reconcile property management statements to the books.
Manufacturers
Suppliers to Peterbilt and other manufacturers track inventory, job costs and equipment. We reconcile inventory each month and support year-end counts.
Horse Operations
Breeding and training operations track stud fees, sales, boarding income, feed, vet bills and show expenses by horse. Separate accounts and good records support the business purpose of the operation.
Cash and Card Sales
Bars and venues that take cash at the door need daily counts, signed by staff, matched to deposits. Card processor statements show fees and chargebacks, which must be recorded so sales are not overstated. Gaps between the register and deposits are investigated within the week, not at year end.
Grants and Sponsorships
Arts groups, festivals and small studios often receive grants, sponsorships and donations. Restricted grants are tracked separately so spending can be reported to the funder. For nonprofits, donor restrictions also affect financial statements and the annual Form 990.
Catch-Up Work
Many owners come to us with a year or more of unreconciled books. We rebuild from bank and card statements, then set up monthly routines so the backlog does not return.
Business Personal Property
Denton businesses render equipment, furniture and inventory to the Denton Central Appraisal District by April 15. Up-to-date asset lists make renditions accurate.
Faculty Consulting and Side Businesses
Professors and university staff with consulting practices, tutoring businesses or online courses need simple books that separate business and personal spending. We set up a separate account and card, record invoices and expenses each month and produce a year-end report for Schedule C. Mileage logs and home office records are kept with the books so deductions can be supported.
Merchandise for Bands
Bands selling shirts and records at shows and online track stock by item, so cost of goods sold is accurate and sales tax is collected where required.
Monthly Package
- Bank and card reconciliations.
- Show, property or job reports.
- Inventory reconciliation.
- Sales and mixed beverage tax figures.
- Payroll entries.
- Financial statements.
Denton Bookkeeping Questions
Can you track profit by show for a venue?
Yes, with each show set up as a project.
Do you handle security deposits for rentals?
Yes, as liabilities until returned or applied.
Can you separate liquor and food sales?
Yes, for both management reports and tax returns.
Which software do you use?
Usually QuickBooks Online, or the system you already use.
Talk to BOMCAS About Bookkeeping in Denton
Each month's books produce sales tax and payroll figures, and the year's books produce the business return, owners' personal returns and planning. Gaps are rebuilt under late filing, and foreign owners covered by cross-border tax. You can read the statewide Texas rules on business returns, personal tax, sales tax, payroll, planning, late filing and cross-border tax on our state pages, linked from the Texas overview.
Running a venue off the Square, renting houses near campus or filing as an international student for the first time? Drop BOMCAS a line about it and we will let you know what we would look at first and what a quote would need. You can reach us on the contact page or the form below, by calling 780-667-5250 or by emailing info@bomcas.ca. Each Denton service is linked from the Denton overview. The information here is general and is not advice for your own situation.