Small Business Bookkeeping in Raleigh

A bookkeeper is responsible for recording and tracking financial transactions. This includes recording sales, purchases, payments, and receipts. They may also calculate and track taxes owed and prepare tax returns. Business owners may choose to do their own bookkeeping or outsource bookkeeping to a CPA.

Bookkeeping services encompass a wide range of accounting and financial tasks and vary depending on the CPA you choose to work with. Services may include reconciling bank statements, preparing financial statements, maintaining ledgers and journal entries, and more.

If you use accounting software that helps you keep track of your finances, you may be wondering why you would outsource a professional bookkeeper. Advantages of using bookkeeping software includes the option to create and track invoices, payments, and bills. It also generates reports that can help you see how your business is performing financially.

However, there are some disadvantages of using accounting software. For one, the software is reliant on the information you input, so any incorrect information will generate incorrect data and skew your bookkeeping efforts. 

For reliable accounting, we recommend outsourcing your bookkeeping. C.E. Thorn, CPA, PLLC is based in Raleigh, North Carolina and provides small business bookkeeping services to new and existing business owners in the greater Raleigh area. 

Bookkeeping generally refers to the recording of financial transactions, while payroll 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. In general, bookkeeping and payroll are considered separate services.

C.E. Thorn, CPA, PLLC recognizes that combined and consolidated financial statements are an important part of keeping track of your business’ finances. If you would like us to maintain your books or prepare financial statements, give us a call at  919-420-0092 or fill out the form below to see if we’re a good fit for your business.

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 to ensure that financial statements are accurate.