Rankin Bookkeeping

Rankin Bookkeeping Helping business owners gain the financial clarity they need to make confident, profitable decisions—that grow their business
Free Books Evaluation

Founded by a certified bookkeeper and payroll specialist, Rankin Bookkeeping understands firsthand the pressures of running a business—juggling sales, operations, client work, and everything in between. That’s why we go beyond data entry. We provide accurate bookkeeping, stress-free payroll solutions, and financial planning support that helps business owners save time, stay compliant, increase revenue and make smarter decisions.

Simple Trust Accounts WorkflowA typical trust-account workflow Money Comes In (rent, reimbursements, refunds, etc.)Depos...
07/14/2026

Simple Trust Accounts Workflow

A typical trust-account workflow
Money Comes In (rent, reimbursements, refunds, etc.)
Deposit goes into the Trust Bank account
The other side goes to the appropriate account (Owner Payable, Tenant Security Deposits, Rental Clearing, etc.)

Money Goes Out (owner payouts, vendor payments, repairs, etc.)
Check/ACH comes out of the Trust Bank Account
The other side goes to Owner Payable, Repairs Expense (if paid from trust and reimbursed appropriately), vendor payable, etc.

It's a simple workflow, but so many Property Managers get it wrong and find they aren't complaint with state real estate commission laws which could potentially led to losing their licenses and hefty fines.

PM's don't get into trouble because they collect rent—they get into trouble because they manage the Trust account incorrectly.

A trust account isn't a typical bank account—it's money you're holding on behalf of others. A proper Trust workflow helps protect your clients, keeps your books accurate, and supports compliance.

If your trust account doesn't reconcile cleanly each month, it may be time to review your bookkeeping process.

DM me to learn how a streamlined trust accounting workflow can help keep your books accurate and organized.

07/12/2026

Want clean books? No stress. More freedom. It’s simple.

💰Pricing Tiers

Tier One: $300-$350/month
📝Simple : minimal bank & credit card statements

Tier Two: $350-$650/month
💳 Moderate: multiple bank accounts , class tracking, Trust account, receipts management

Tier Three: $650+/month
🧱 Complex: multiple entries, Trust Accounts , Project tracking

📌Contact me for a free consultation
📞901-264-9672
📩[email protected]
💬DM me

A recent client had been doing his own bookkeeping for years. With $1.1 million in revenue last year, he was confident h...
07/08/2026

A recent client had been doing his own bookkeeping for years. With $1.1 million in revenue last year, he was confident his numbers were accurate.

For the first time, he wanted to hire a receptionist so he could spend less time managing the office and more time growing his business. But when he started reviewing his finances, the numbers weren't adding up.

He booked one of my free consultations to find out what was going on.

Here's what I found.

He had entered and categorized every transaction. He had even cleared all of his uncategorized expenses.

But he skipped one critical step.

He never reconciled his books.

Reconciling is what verifies that your books actually match your bank and credit card accounts. Without it, mistakes like missing transactions, duplicates, and data entry errors can go unnoticed for months.

As I cleaned up his books, I found unpaid invoices he didn't realize were still outstanding, duplicate expenses that were affecting his bottom line, and QuickBooks errors that were cluttering his chart of accounts and impacting his financial reports.

Once everything was cleaned up and he finally had confidence in his numbers, he made the decision to hire the receptionist and move forward with growing his business.

If you're not reconciling your books every month, you're making business decisions with numbers that may not be telling the whole story.

Are you reconciling your books every month?
Do you get stuck during the reconciliation process?
Are duplicate expenses or missing transactions costing you time?
Is your time better spent growing your business instead of chasing bookkeeping errors?

If so, it may be time to bring in a bookkeeper.

DM me to schedule a free consultation.

Are your CAM charges helping your bottom line—or creating unnecessary headaches?For many property owners and property ma...
07/07/2026

Are your CAM charges helping your bottom line—or creating unnecessary headaches?

For many property owners and property managers, Common Area Maintenance (CAM) charges can become a source of billing disputes, missed reimbursements, and lost revenue when they're not tracked accurately.

The good news? A solid bookkeeping process can make a big difference.

When CAM expenses are organized and billed correctly, you can:
• Recover eligible costs with confidence.
• Reduce questions and disputes from tenants.
• Improve cash flow.
• Gain clearer insight into each property's financial performance.

Accurate books don't just keep you compliant—they give you the information you need to make better business decisions.

How are you currently tracking and billing your CAM expenses? Need help let’s connect.

When I was a child I had a BIG imagination. I would find the biggest tree in the neighborhood and just sit under it or ...
07/06/2026

When I was a child I had a BIG imagination. I would find the biggest tree in the neighborhood and just sit under it or climb to the top just so I could have the space to imagine worlds or create adventures. Now a days, I spend time using that same imagination to create poetry and short stories.

So I get it, putting off your bookkeeping so you can work on the business you’ve imagined for just a day. But one day can quickly turn into a week or God forbid months. When you do return you find yourself having to deal with a mess.

Now , Imagine opening your financial reports and immediately knowing:
• What you earned
• What you spent
• What you can afford
• What needs attention
That's what organized bookkeeping gives you.

Imagine the possibilities: more time to spend how you want , finding more money then you thought and the freedom to grow the type of business you had imagine from the start.

If you can imagine yourself and your business in a better place. DM me to schedule a free consultation.

Segmented funds make a difference by intentionally separating money for specific purposes. By doing so gain you get a ...
07/03/2026

Segmented funds make a difference by intentionally separating money for specific purposes.
By doing so gain you get a clearer picture of what is actually available for day-to-day operations and what has already been spoken for.

This isn't about making your bookkeeping more complicated.
It's about creating visibility.

When funds are organized with a purpose, decision-making becomes easier, cash flow becomes more predictable, and unexpected expenses become less stressful.

A healthy bank balance is great.
Knowing what that balance is supposed to do is even better.

Want to understand your numbers, DM me for a free consultation.

I simply spend way too many hours of my day looking at a computer screen , either working on my client’s books, sending ...
07/01/2026

I simply spend way too many hours of my day looking at a computer screen , either working on my client’s books, sending out emails, video calls with partners , or any number of things we have to get done as business owners.

So the idea of decompressing at home over a single weekend didn’t feel much like a refresh with all the temptations.

I decided to leave everything behind to be in a place where no computer screen dare go, at least not without a 🔋backup.

For a week I hiked the Grand Canyon, where there were no laptops, no cellphone, and no one talking just to fill the empty space. (😉 to my extrovert friends)

It was just me, my friend (God )and his creation.
( Btw, the weather was a wonderful 82 degrees on the ridge, a rare occurrence for this time of year)

Decompression complete, back to the 💻

No cell phone was used to take these pictures

A property manager with 100+ doors called me recently because he was looking to add a 20 unit apartment building to his ...
06/29/2026

A property manager with 100+ doors called me recently because he was looking to add a 20 unit apartment building to his portfolio, but their cash flow felt tight, even though their revenue looked strong.

After digging into the books, the problem wasn't income.

It was visibility.

Vendor payments were mixed with owner expenses. Software subscriptions were buried in miscellaneous expenses. Mileage wasn't being tracked. Marketing costs were scattered across multiple accounts.

None of those transactions were huge on their own, but together they told a very different story about the business.

This is why expense categorization matters.

Not because your accountant needs clean books.

Not because of tax season.

Because every expense category tells you something.

Maintenance costs tell you how efficiently properties are being managed.

Marketing expenses tell you how much you're spending to acquire new business.

Software expenses tell you whether your systems are supporting growth or creating unnecessary overhead.

Vehicle and travel costs tell you what it really takes to service your portfolio.

The tax deduction is just a byproduct.

The real value is knowing where your money is going before it becomes a problem.

Bookkeeping shouldn't just answer, "What can I deduct?"

It should also answer, "What's driving my profit?"

If you are a business owner want to understand the numbers behind your business, DM for a free consultation.

06/16/2026

What do you do with the books , the art , and the culture?? What do you do with the truth!

You've increased Revenue..... That's Great! But increasing Revenue alone doesn't tell the whole story.Many businesses in...
06/15/2026

You've increased Revenue..... That's Great!

But increasing Revenue alone doesn't tell the whole story.

Many businesses increase sales and still struggle with cash flow, while others grow more slowly and build stronger financial foundations.

Cash flow is more than money coming in and going out—it's a roadmap to your business's financial health. Understanding how cash flows helps you gain control of your finances, and improve decision-making that grow your business.

Increasing revenue is important, but revenue alone isn't the goal of a business. The goal is to build a profitable, sustainable business that keeps more of what it earns.

Struggling with cash flow issues? Need help? Schedule your free consultation.

Address

Memphis, TN

Opening Hours

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

Telephone

+19012649672

Website

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