Small Business Accounting Services

Many businesses benefit from the following small business accounting services:

• Preparation of financial statements
• Bookkeeping services
• End of year tax preparation
• Maintenance and upkeep of an income statement as well as a cash flow statement
• Payroll management

If you have a dedicated in-house accountant who is experienced and confident with accounting and bookkeeping, you may choose to keep your small business accounting matters in-house. However, if you don’t have the time or resources to keep your books up-to-date, it pays off to work with a local CPA. The benefits of working with a Raleigh CPA can outweigh the cost of tax penalties when your business is not tax compliant or experiences an audit by the IRS.

As small business owners ourselves, we understand that minimizing costs is at the forefront of most business owners. However, our CPA firm can identify errors on your prepared tax return and other accounting measures. When these errors are corrected promptly, your small business can avoid an audit by the IRS as well as costly penalties. Working with a CPA can provide peace of mind and allow you to focus on business management. Thus, the cost of outsourcing your small business accounting needs is worth it for my business owners. 

QuickBooks is an accounting platform some small businesses use to do their own bookkeeping, but it does not detect errors, determine accuracy, or file your tax return. Working with a trusted CPA can mitigate costly errors and consolidate small business functions.

Bookkeeping refers to the recording of day-to-day business transactions. These bookkeeping tasks include data entry, bill payments, invoicing, payroll, and more. 

Accounting deals with the classification, reporting, and summarization of financial data of a business for a specific purpose, such as tax preparation. Accounting practices take the bookkeeping tasks, such as data entry, and classifies it in the appropriate category so the transaction is properly accounted for. 

Every small business accountant offers different services which can include bookkeeping, end-of-year tax preparation, financial statement preparation, and payroll. Contact our CPA firm in Raleigh at  919-420-0092 to discuss your small business accounting needs so we can determine if we’re the right fit for you!