Records for Fort Worth Businesses
A Fort Worth business may need its books to satisfy a prime contractor's auditors, a lender on a warehouse, an operator's revenue statements or the appraisal district's questions about inventory. BOMCAS keeps monthly books for Fort Worth companies remotely, reconciling every account, posting payroll and tax entries and closing each month with reports the owner can use for decisions.
Every Texas business needs the routine in Texas bookkeeping, and this page applies it to shops, carriers and ranches in Fort Worth.
Job Shops and Manufacturers
Machine shops and fabricators supplying aerospace customers need costs captured by job and part number: material, machine time, labour, outside processing and scrap. Accurate job costing shows which parts and customers are profitable and supports inventory values at year end. We link job records to the general ledger and reconcile work in progress monthly.
Logistics and Trucking
Logistics companies need revenue by customer and lane, carrier costs matched to loads, and equipment loans and leases tracked by unit. Fuel cards, tolls and maintenance should be coded to each truck so profitability per unit is visible. We also keep IFTA and heavy vehicle use tax records with the books.
Freeport Inventory
Businesses that store goods in Texas and ship them out of state within 175 days may qualify for the freeport exemption from property tax where local taxing units allow it, which they do in much of the Alliance area. Claiming it requires an application to the appraisal district and records showing which inventory left Texas and when. We maintain reports that separate goods shipped out of state from local sales, so the application is supported.
Oil and Gas Revenue
Companies holding working or royalty interests record revenue gross, with severance tax and post-production deductions shown separately, and track lease operating expenses by well. Joint interest billings must be reconciled with cash calls and payments. We maintain these records for operators and non-operators.
Ranch Accounts
Cattle operations need livestock purchases and sales, feed, veterinary costs, equipment and land costs recorded separately, with breeding stock tracked apart from animals held for sale. Hunting and grazing lease income should be kept separate from farm income. Good farm records also support the agricultural registration number and the property tax valuation.
Restaurants and Venues
Restaurants and event venues in the Stockyards and Sundance Square need daily sales reconciled to the point-of-sale system, food and drink costs separated, tips matched to payroll and sales and mixed beverage tax kept out of revenue. Event deposits are liabilities until the event takes place.
Builders in the Growth Corridors
Homebuilders and site contractors working in the north and southwest of the city carry land, lots under development and houses under construction as inventory, not as fixed assets. Interest and taxes during development are usually capitalised into the cost of each lot or house. We track costs by subdivision and lot, so margins on each closing are clear and the year-end inventory is supported.
Monthly Steps
- Reconcile bank, card and loan accounts.
- Update job, unit, well or herd records.
- Post payroll and benefits.
- Track sales, use and mixed beverage tax.
- Maintain freeport and fixed asset reports.
- Prepare monthly reports.
Fort Worth Bookkeeping Questions
Can you help us claim the freeport exemption?
We keep the shipping and inventory records the appraisal district needs and prepare figures for the application.
Do you do job costing for machine shops?
Yes, by job and part number, with work in progress reconciled monthly.
Can you keep books for a cattle operation?
Yes, with breeding stock and sale animals tracked separately and lease income kept apart from farm income.
Do you record oil and gas revenue gross?
Yes, with severance tax and deductions shown separately.
Talk to BOMCAS About Bookkeeping in Fort Worth
Monthly books feed sales and mixed beverage returns, payroll, business returns and owners' personal returns, and support planning. Records far behind begin with catch-up filing, and Canadian-owned companies need cross-border review. If you operate beyond Fort Worth, our state guides to company returns, household returns, sales and use tax, payroll, planning, overdue filings and cross-border matters apply too, and the Texas overview gathers them in one place.
Let BOMCAS know about your Fort Worth business or household and we will reply with next steps and the information we need for a quote. Contact us through the contact page or the form below, on 780-667-5250 or at info@bomcas.ca. Every Fort Worth service is listed on the Fort Worth overview. This page is general information, not advice for your circumstances.