Best Accounting Services for Small Business Minneapolis (Reviews / Ratings)

You own a small business in the Twin Cities area, and you’ve been swamped trying to handle your accounting in-house - or you’ve gone through the same experience that so many others have with online accounting services. 

How do you fix this? Find a reputable, local accounting service to help you get back on your feet.

Prospective clients sometimes ask us who our competitors are so they can do their research, and since we're not the right fit for everyone, we encourage them to consider all of their options. Here are the top seven small business accounting firms in the Twin Cities area:

• John A. Knutson & Co., PLLP
• Myslajek Kemp & Spencer, Ltd.
• OWL Bookkeeping & CFO Services
• Siddiqui & Basnet LLC
• Sundberg Tax & Consulting
• Vetscher & Associates, LLC
• CSI Accounting & Payroll

The criteria used to declare these the top services in the area include the basics, like how long they've been in operation and what their Google reviews and reputation are like.

Then there's our personal rankings. A high Website Experience Score means the website looks modern, is easy to navigate, has a search bar or live chat, and features an information center or database. A high Service Range Score means they clearly advertise what their services entail, they have a large range of services, and they provide services that are not commonly provided.

Scroll for more information on the firms! These are listed in no particular order.

John A. Knutson & Co.

John A. Knutson & Co. was founded in 1925 with a location in Falcon Heights. They serve clients of all sizes, with a specialty in the construction, retail, wholesale, service, real estate, and manufacturing industries.

They offer:

• Accounting services, including:
  • Sales tax reporting
  • Accounts payable and receivable processing
  • Bank statement reconciliation
  • Financial statement processing
  • Budgeting and forecasting
  • Cash flow analysis
  • QuickBooks assistance from a certified ProAdvisor
  • Sage 50 and other software assistance
• Audit and assurance services
• Estate and trust services
• Tax consulting
• Consulting
• Technology solutions

Myslajek Kemp & Spencer

Myslajek Kemp & Spencer was founded in 1992 with a local location in St. Louis Park. They serve both businesses and individuals.

They offer:

• Accounting services, including:
  • Bookkeeping services
  • QuickBooks set-up and training
• Tax services
• Audit, review, compilation, and attestation services
• The R&D tax credit
• Succession solution services
• Technology consulting

OWL Bookkeeping & CFO Services

OWL Bookkeeping & CFO Services was founded in 2005 with a location in Minneapolis. They serve small and medium-sized businesses remotely across the United States.

They offer the following, which include many specialized services:

• Accounting services
• Bookkeeping services
• CFO services

Siddiqui & Basnet LLC

Siddiqui & Basnet LLC was founded in 1994 and has a location nearby in St. Paul. They serve both individuals and businesses, including nonprofits.

While this firm also provides payroll services, we kept them on this list for their extensive accounting services. For businesses, they offer:

• Small business accounting (monthly or quarterly), including:
  • Reconciling your bank account
  • Generating an income statement and balance sheet
  • Cleaning up your general ledger
  • Providing unlimited consultations
• Part-time CFO services
• Audit service
• Forensic accounting
• Cash flow management
• Bank financing
• Business valuations
• Strategic business planning
• Succession planning
• New business formation
• Internal controls
• Tax preparation, planning, and resolving tax problems

Sundberg Tax & Consulting

Sundberg Tax & Consulting has several local locations in St. Paul, downtown and North Loop Minneapolis, Bloomington, Minnetonka, St. Louis Park, and Edina. They focus on serving small business owners.

While this firm also provides payroll services, we kept them on this list for their extensive bookkeeping and tax services. For businesses, they offer:

• Business tax preparation and planning
• Other tax services
• Bookkeeping services
• Sales & use tax services
• Accounting System Implementation Services
• CFO services

Vetscher & Associates, LLC

Vetscher & Associates, LLC was founded in 1975 with a location nearby in St. Paul. They specialize in individual and small business tax preparation.

While this firm also provides payroll services, we kept them on this list for their extensive accounting services. They offer:

• Accounting services, including:
  • General ledger and financial statement preparation
  • Bookkeeping (monthly, quarterly, or annual)
  • Accounting system setup and support
    
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plans
  • Corporate tax planning and return preparation
  • Litigation support
• Tax management services
• Estate and trust planning and tax preparation
• QuickBooks accounting help
• Entity selection and restructuring
• Cash flow and budgeting analysis
• Business valuations
• Debt and finance advising
• Litigation support and forensic accounting
• Bookkeeping/write-up
• IRS representation
• Employee benefits, pension, and profit-sharing plans
• Financial projections and forecasts
• Mergers, acquisitions, and sales

CSI Accounting & Payroll

CSI Accounting & Payroll was founded in 1966 by Al Clausnitzer and purchased by an employee, Brian Paulson, in 2002. Today, under his ownership, we have grown to have two locations, including one in St. Louis Park, MN. Unlike other accounting firms, we only work with small businesses and their owners, prioritizing your service instead of getting bogged down with individual taxes.

The accounting services that we offer include:

• Monthly Balance Sheets & Income Statements
• Monthly bank reconciliations
• Year-round tax planning
• Business tax projections, preparation, and filing
• Individual tax filing (if also a business client)
• Proactive financial support & unlimited one-off questions
• Audit representation
• Consulting projects
• Detailed general ledgers
• Census Bureau reports
• Responding to IRS & State notices
• Annual Secretary of State filings
• Buying or selling a business or building
• Entity formation or filings
• Loan procurement assistance

Find the Best Accounting Service for You

As a Twin Cities small business owner, you want to consider all of your options for local accounting firms. We know you’re going to do your research whether we help you or not - so why not? 

If another firm is a better fit for you, then you should be working with them. Here’s a list of characteristics to look for when picking a new firm.

If you haven’t made a decision yet, you can still learn more about CSI Accounting & Payroll by clicking the button below to schedule a free, no-commitment consultation.