Millennium Financial LLC
Financial Services
Financial Services: Bookkeeping, payroll, reporting, and advisory services designed to give Nashville businesses clarity and control. Millennium Financial LLC offers a full stack of financial services that transform messy records into accurate, tax-ready financial statements and usable insights.
Our Objective
Our objective is to give business owners timely information to make better decisions while staying compliant with tax and payroll obligations. Accurate financial data is the foundation of every business decision — from hiring and pricing to inventory management and investment.
Why Professional Financial Services Matter
Accurate financial data is the foundation of every business decision — from hiring and pricing to inventory management and investment. Without reliable books, owners run blind, risking misinformed choices and lost opportunities. Professional financial services ensure that your accounting reflects reality, enabling effective planning, cash flow management, and strategic growth.
Key Benefits of Partnering for Financial Services
Timely financial statements to understand profitability and cash flow.
Reduced administrative burden with outsourced bookkeeping and payroll.
Improved compliance with payroll taxes, sales tax, and filings.
Actionable insights and KPIs that guide growth and operations.
Scalable services as you grow, from monthly bookkeeping to CFO advisory.
Better access to capital with clean, lender-ready financials.
Our Financial Services Offerings
1. Monthly bookkeeping and month-end close
Transaction categorization, bank/credit card reconciliation, accounts payable/receivable management, and adjustments. Produces reconciled P&L and balance sheet statements.
2. Payroll services and tax compliance
Processing pay cycles, remitting payroll taxes, preparing W-2s and 1099s, and worker classification. Integration with timekeeping systems.
3. Accounts payable and receivable
Managing vendor bills, vendor payments, invoicing, and collections to keep cash flow predictable and suppliers satisfied.
4. Financial reporting and KPIs
Custom packages: P&L, balance sheet, cash flow, and KPI dashboards (gross margin, CLV, labor cost %). Actionable insight summaries.
5. Budgeting and forecasting
Budgets aligned to growth plans and cash flow forecasts to anticipate shortfalls and plan for capital needs.
6. Accounting system setup
QuickBooks Online implementation and integration of POS systems, merchant processors, and payroll timekeeping.
7. Cleanup and remediation
Correcting prior-period errors, reconciling historical discrepancies, and preparing financials for tax filing or financing.
8. Outsourced controller/CFO
Managing staff, monthly analysis, and planning strategic initiatives for clients requiring higher-level oversight.
How Our Process Works
ONBOARDING
Diagnostic review of current setup, volume, and needs. Identifies cleanup and improvement areas.
SYSTEM SETUP
Diagnostic review of current setup, volume, and needs. Identifies cleanup and improvement areas.
EXECUTION
Monthly reconciliation, month-end close, and delivery of financial package with action items.
Examples of Impact
Restaurant
Improved labor scheduling, weekly reconciliations to track food costs, and real-time POS integrations that reduce theft and shrinkage.
Professional Services
Automated invoicing and AR processes that reduce DSO (days sales outstanding) and improve firm cash flow.
Retail & E-commerce
Integrated inventory accounting and sales tax management that optimize margins and reduce compliance risk.
Technology and Integrations
We use modern cloud accounting platforms and secure integrations to streamline your back office.
QuickBooks Online for bookkeeping and reporting
Payroll integrations with Gusto, ADP, or others
POS and merchant processor integrations
Real-time bank and credit card feeds
Security & Compliance
Data security is essential. We use secure portals for documents, enforce strong internal controls, and keep software updated to minimize risk. We maintain a rigorous policy around user access and backups.
Frequently Asked Questions
How often should I reconcile accounts?
Monthly reconciliations are a minimum. For high-transaction environments (e.g., restaurants), weekly or daily reconciliations of sales and cash may be warranted.
Can you help with short-term cash flow issues?
Yes. We conduct cash flow forecasting, identify short-term financing options, and help prioritize payments to suppliers and creditors.
How do you work with existing in-house bookkeepers?
We collaborate with in-house staff by providing oversight, training, or by taking full responsibility for month-end close procedures depending on your needs.
Bookkeeping that works for you
Let us help you convert bookkeeping into business insight so you can focus on running your company.