Bookkeeping for Olympia businesses that file more than one B&O return
Most Washington businesses file one B&O return — the state's. Olympia businesses often need more. Olympia has its own city B&O tax, and so do its neighbors Lacey and Tumwater. If you work across the Olympia area, your books need to show where every dollar was earned.
We set up Olympia books so revenue is tracked by city from the start, your receivables stay current, and year-end is a hand-off to your tax preparer instead of a scramble.
What Olympia books have to account for
Olympia city B&O
Olympia exempts businesses with less than $500,000 a year in Olympia gross receipts from its city B&O tax (Olympia Municipal Code 5.04.060, amended 2025). Above that, you owe the city on top of the state.
Lacey and Tumwater have their own
Lacey and Tumwater also levy city B&O taxes, with far lower thresholds than Olympia. A contractor or service firm working in all three cities can owe in one and not another — only books that track revenue by location show that.
City license endorsement
An Olympia endorsement on your state business license is free up to $4,000 of Olympia income and $30 above that. We keep renewal dates on your calendar.
Books built for Olympia
Every plan includes monthly reconciliation, financial statements and a plain-language summary. Plans start at $250 a month — compare plans.
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Revenue by location
Customers or jobs tagged by city so each B&O return pulls the right number.
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Receivables you can act on
Clients who pay on 30- or 60-day terms — state agencies and their contractors included — tracked in an aging report you actually read.
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Monthly statements
A reconciled P&L and balance sheet each month, with a plain-language summary.
Olympia bookkeeping questions
Can we meet in person in Olympia?
Yes. Olympia is a short drive from our Rochester office — we'll meet at your business or ours. Day-to-day bookkeeping happens remotely through a secure inbox.
How much does bookkeeping cost for an Olympia business?
Flat monthly plans start at $250 (Essentials), with Standard at $500, Advanced at $750 and Complete at $1,000. The plan depends on how many accounts you run, not where you are.
Do you file my Olympia B&O return?
We don't prepare tax returns. We give you, or your tax preparer, revenue already broken out by city so the city and state returns are quick and accurate.
Need payroll or HR in Olympia? See payroll and HR for Olympia employers at B2B Solutions.
Local rules checked October 2026. Rules change — confirm with the city or the Department of Revenue before acting. We don't prepare tax returns.
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Ready for books you don't have to worry about?
Free consultation in Olympia, at our Rochester office, or by video.