Hanrock Accounting Solutions, LLC

Hanrock Accounting Solutions, LLC Bookkeeping & Tax Strategy for Business Owners.

We’re headed into the last quarter of 2026!Now is the time to get focused on what you want to accomplish before the year...
09/04/2026

We’re headed into the last quarter of 2026!

Now is the time to get focused on what you want to accomplish before the year ends.

Remember, turn each goal into monthly objectives, then break them into simple weekly tasks.

What are your Q4 goals?

Save this post for when you're planning your Q4 goals, and follow for more practical CFO, bookkeeping, and business finance tips.


Here's a quick comparison:Standard mileage:- Deduct a set IRS rate for each business mile driven.- Simpler recordkeeping...
08/26/2026

Here's a quick comparison:

Standard mileage:

- Deduct a set IRS rate for each business mile driven.
- Simpler recordkeeping.
- Best if you don't have many vehicle expenses.

Actual expenses:

- Deduct the business portion of actual vehicle costs like gas, insurance, repairs, maintenance, registration, and depreciation.
- Requires detailed records and receipts.
- May result in a larger deduction for some businesses.

Have questions about which method may be right for your business? Drop them in the comments below.

Save this post for later and follow for more practical tax, and business finance tips.


If you use your cell phone and internet for business, you may be able to deduct the business-use portion of those expens...
08/24/2026

If you use your cell phone and internet for business, you may be able to deduct the business-use portion of those expenses.

Here's what to keep in mind:

- Only the business-use percentage is generally deductible.

- Keep copies of your monthly phone and internet bills.

- Use a reasonable method to calculate your business use.

- Keep records showing how your phone and internet are used for business.

- Review your deduction each year if your business use changes.

Need help staying tax ready all year? Book a call using the link in our profile or comment "tax" below to learn more about our services.


Beachside or Poolside?Drop your answer in the comments below!
08/21/2026

Beachside or Poolside?

Drop your answer in the comments below!


Old balances in accounts like Suspense, Uncategorized Income, Uncategorized Expense, or Uncategorized Asset are usually ...
08/19/2026

Old balances in accounts like Suspense, Uncategorized Income, Uncategorized Expense, or Uncategorized Asset are usually a sign that something needs attention.

Here's what to do:

- Run a report for the account and review all transactions.
- Open each transaction to identify the vendor, customer, or bank activity.
- Reassign the transaction to the correct income, expense, asset, or equity account.
- Reconcile your accounts to confirm your books are accurate.

These issues are more common than you think, and they can affect your Profit & Loss, Balance Sheet, and the accuracy of your tax return.

That's why it's important to review and clean up your books regularly.

Have questions? Drop them in the comments below.

Save this post for later and follow for more practical bookkeeping, business, and money tips to help keep your business finances organized.


QuickBooks has been rolling out AI updates, and you may notice a few changes. Here are a few things to know:- Transactio...
08/17/2026

QuickBooks has been rolling out AI updates, and you may notice a few changes. Here are a few things to know:

- Transactions don't post automatically. You decide what gets added to your books.

- Match means the transaction already exists in QuickBooks. You're simply matching it to the bank transaction.

- Categorize means the transaction is new, and you're telling QuickBooks where it belongs.

- AI suggestions can save time, but always review them before accepting.

Think of bank feeds like a helpful assistant. They can save you a lot of time, but you're still the one making the final decisions.

Always review transactions before accepting them into your books.

Ready to spend less time on bookkeeping and more time growing your business?

Book a call using the link in our profile, or comment "books" below to learn more about how we can help.


A business loan is not income. It's a liability that you'll repay over time.Here's how to record it correctly:1. Create ...
08/14/2026

A business loan is not income. It's a liability that you'll repay over time.

Here's how to record it correctly:

1. Create a loan liability account.

Set up a Long Term Liability or Other Current Liability account (depending on the loan terms).

2. Record the loan deposit.

When the loan funds are deposited into your bank account, categorize the deposit to the loan liability account, not income.

3. Record your loan payments correctly.

Each payment includes:

- Principal, which reduces the loan balance
- Interest, which is recorded as an interest expense

4. Reconcile your loan account regularly.

Compare your QuickBooks loan balance to your lender's statements to ensure they match.

5. Keep all loan documents.
Save your loan agreement, payment schedule, and monthly statements for your records.

Recording business loans correctly helps keep your Balance Sheet accurate, your financial reports reliable, and your books tax ready.

Need help cleaning up your books or reviewing your QuickBooks?

Book a call using the link in our profile, or comment "books" below to learn more about our bookkeeping services.


If you've been feeling overwhelmed by your business finances, it doesn't mean you're bad with money.It may simply mean y...
08/12/2026

If you've been feeling overwhelmed by your business finances, it doesn't mean you're bad with money.

It may simply mean you haven't had the right financial support.

We help business owners:

- Understand their numbers
- Improve cash flow
- Keep their bookkeeping up to date
- Stay tax ready year round
- Make confident financial decisions

Ready for the support your business deserves?

Book a call using the link in our profile or comment "books" below to learn more about our services.


Two businesses can earn the same revenue and have completely different financial outcomes.That's because revenue alone d...
08/10/2026

Two businesses can earn the same revenue and have completely different financial outcomes.

That's because revenue alone doesn't determine the financial health of a business. Cash flow does.

Cash-rich business:
- Knows its numbers
- Plans ahead
- Monitors cash flow
- Makes data driven decisions

Cash-poor business:
- Delays important decisions
- Doesn't review financial reports
- Falls behind on bookkeeping
- Doesn't know where the money is going

Want to improve your cash flow and make smarter financial decisions?

Book a call using the link in our profile or comment "books" below to learn more about our services.


Don't focus on looking successful. Instead, focus on building a financially healthy business.Here's how:- Track your exp...
08/07/2026

Don't focus on looking successful. Instead, focus on building a financially healthy business.

Here's how:

- Track your expenses from day one
- Price for profit, not just to win clients
- Track your cash flow every month
- Separate your personal and business finances
- Don't wait until tax season to organize your books

What's one piece of advice you'd give someone starting a business today?


Address

111 S School
Douglass, KS
67039

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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