Small Business Bookkeeping Services in Cary

A bookkeeper is responsible for recording and tracking financial transactions. This includes sales, purchases, payments, and receipts. They also calculate and track taxes owed and prepare tax returns. Small business owners in Cary may choose to do their own bookkeeping or outsource this task to a CPA. For more information on financial forecasting and budgeting for small businesses, click [link id=7261]here[/link].

Bookkeeping services include a wide range of accounting and financial matters, including reconciling bank statements, preparing financial statements, maintaining ledgers and journal entries, and more. Those who are  bookkeepers are responsible for ensuring that financial information is accurate and up-to-date for businesses.

The short answer is that it’s highly beneficial to at least have a CPA prepare your taxes even if you use QuickBooks. Advantages of using bookkeeping software include the option to create and track invoices, make payments, pay bills, and have reports automatically generated. 

However, there are some disadvantages of using QuickBooks and other accounting software. For one, the software is reliant on the information you input, so if information is entered incorrectly, it will generate inaccurate data. For a reliable and professional approach, we recommend hiring a professional to do your bookkeeping for you. Carson Thorn, CPA, provides bookkeeping services to business in Cary, NC. Please give us a call today at  919-420-0092 to discuss bookkeeping options for your business.

In general, bookkeeping and payroll are considered separate services. Bookkeeping refers to the recording of financial transactions, while payroll usually refers to the process of managing employee wages and salaries. However, there is some overlap between the two terms, as bookkeepers may be responsible for tracking employee payroll information and preparing pay stubs or checks.

If you are a small business owner based in Cary, NC, our firm offers professional bookkeeping services that will keep you and your employees on the road to long-term success.

Financial statements are essential to keeping track of your businesses finances. Depending on the situation, a bookkeeper may offer financial statement preparation. If you would like C. E. Thorn to be your small business bookkeeper and prepare financial statements, please give us a call at  919-420-0092  to inquire about our bookkeeping and/or financial statement services.

The main difference between bookkeeping and accounting is that bookkeeping is the process of recording financial transactions while accounting is the process of analyzing, organizing, and reporting those transactions. Many small business owners in Cary view bookkeeping and accounting as two different services that work together.