» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
TDN Services
Research millions of people and properties [+]
Monitor any person, property or company [+]

Skip Navigation LinksHome >
VOL. 9 | NO. 23 | Saturday, June 4, 2016

Accounting Firm Marks Centennial With 100 Days of Giving

By Andy Meek

Print | Front Page | Email this story | Email reporter | Comments ()

Accounting firm Reynolds Bone & Griesbeck is turning 100 years old. Knowing it owes that longevity to support from local organizations, it is giving back to local charities for 100 consecutive days.

Reynolds Bone & Griesbeck team from left to right: partner Paul Berryhill, partner emeritus Richard Saviori, partner Lee Griesbeck, partner John Griesbeck, partner Ali Sinkular, partner Skeet Haag, and Tom Sullivan. (Memphis News/Andrew J. Breig)

Managing partner John Griesbeck said the firm had the community in mind when planning its centennial celebration. The founders of the firm – which delivers tax, accounting and advisory services – were among the first certified public accountants in the state of Tennessee.

The firm wouldn’t be thriving today without trust and support from the business community, particularly during those early days, Griesbeck said.

The centennial celebration is called “100 Days of Giving” and is designed to benefit local charitable organizations such as St. Jude Children’s Research Hospital, Church Health Center; Le Bonheur Children’s Hospital and the Humane Society of Memphis and Shelby County.

“We wanted to try to do something unique,” said Griesbeck, whose grandfather came aboard at the firm in the 1920s.

It was a time when accounting and banking were still ink-based affairs, when business might have been conducted in leather-bound ledgers. At the time, Downtown was also a hotbed of industry, particular among the merchants of Cotton Row and the banks that did brisk business in the area.

The giving campaign stretches into August. To select the organizations, Griesbeck said, firm employees, staff and clients were surveyed.

The accounting firm started as a small business called Shannon, Reynolds & Bone. Founded in Downtown Memphis off of Cotton Row in the once-bustling financial center, the firm was joined by George Griesbeck in 1931 and the name changed to its current designation.

In 1971, the firm moved to the then-newly built Clark Tower, at the vanguard of large, local CPA firms moving east. In 1987, it moved to its current home at Clark Centre.

The firm’s services include tax preparation and planning, inventory control and management, audit work, and mergers and acquisitions.

Griesbeck said he works with one client family that dates back almost the entire 100 years. The firm also says it enjoys a 98 percent client retention rate and a 95 percent annual employee retention rate.

“We consider ourselves a nice-sized local firm with about 50 people,” Griesbeck said. “We feel like with the resources we have – in terms of knowledge, experience and talent – we can go up against much larger firms in certain areas.

“I know it sounds trite, but my grandfather used to say it takes a long time to get a client and only about five seconds to lose one,” he said. “So you always focus on doing the right thing. We enjoy what we do and we try to offer a great place to work and a legacy of service to clients.”

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 23 23 1,365
MORTGAGES 21 21 1,068
FORECLOSURE NOTICES 6 6 196
BUILDING PERMITS 117 117 3,173
BANKRUPTCIES 42 42 795
BUSINESS LICENSES 2 2 331
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0