Looking for bookkeeping services in Durham? Whether you are just launching your start-up or you have an established and thriving business, your profitability is dependent on both the accuracy of your financial information and understanding the data. Having an experienced financial professional who can keep your books organized and up-to-date as well as show you how to leverage the information to cut costs, make smart decisions, and create a winning business strategy can be the difference between struggling and success! Since 2000, we have been proudly serving businesses and nonprofits in the Triangle, helping to reduce tax payments and meet financial goals. We serve Raleigh, Cary, Durham, Apex, Garner, Wake Forest, Wilson, and all surrounding communities.
Custom Bookkeeping Services
We understand that each organization has unique requirements, so we can provide you with the level of bookkeeping services that you require, including, but not limited to:
- Keeping track of your general ledger’s transactions
- Payroll-related tasks, such as payroll tax reports
- Accounts receivables and payables
- Financial statements
QuickBooks ProAdvisors in Durham
If you are using QuickBooks to maintain your bookkeeping, do payroll, and pay your taxes, we can help you make the most of it. Our Certified QuickBooks ProAdvisors can sit down with you to answer questions and offer advice, train your team to use it, and walk you through how to use all the features of this popular accounting and bookkeeping software.
Why Choose Professional Bookkeeping Services
As a business owner, you probably wear several hats and deal with a lot of responsibility and stress on a daily basis. While we can’t take any of that away, we can help reduce the amount of time you spend on bookkeeping tasks so you have more time to focus on growing your revenue.
Our Durham accountants will not only show you how to better use your financial information to grow your bottom line but also provide personalized guidance and support throughout the year.
Save Time & Ensure Accuracy
We understand how hectic it can be to manage your finances while running a business, which is why many business owners outsource their bookkeeping to us. As well as reducing the amount of time spent preparing financial statements and preparing your taxes, this also ensures accuracy so you don’t have to worry about fatal errors.
Budget Organization and Planning For a Smart Financial Future
We understand that many businesses often have to make difficult financial decisions, which is why we support you in making the right choices for your organization. This includes budgeting and planning so you know how much money is coming in and going out, helping to give a clearer picture of your business’ financial future.
Why Choose Us for Bookkeeping Services in Durham
Trying to maintain your bookkeeping can be a lengthy, exhaustive task, and if you don’t have a background in accounting, you may be missing out on areas where you can cut costs, increase revenue, or take advantage of tax deductions.
Our Durham CPAs don’t just assist businesses with bookkeeping, we can also help with taxes, generate financial statements, and act as financial advisors who are dedicated to helping you succeed. This includes:
- Minimizing your tax burden;
- Meeting all your tax deadlines;
- Creating a strategy for reducing your tax burden in the long-term;
- Breaking down your financial data and what the numbers really mean;
- Helping you create an accurate financial forecast;
- Helping you determine where you can increase revenue and cut costs based on your statements;
- Prepare for lean times in your business by understanding your cash flow;
- Determine when you’re financially ready for growth, make a large investment, or take the next big step in your organization.
Bookkeeping: Frequently Asked Questions
What bookkeeping services do we provide?
Your business in Durham is in good hands with our CPAs and bookkeepers. We can handle everything from maintaining your general ledger, helping you administer payroll and payroll tax reports, accounts payable and receivable, as well as generating financial statements.
Do I need professional bookkeeping services?
It is common for small business owners in Durham to choose to do their own bookkeeping, thinking it saves money. However, when you consider the benefits of outsourcing, you’ll find it could be a much smarter long-term choice. Professional bookkeeping services can help generate more accurate records and reporting, better financial projections, and it saves you time!
What bookkeeping software do your CPAs use to manage finances?
The accountants at our Durham Accounting Firm are Certified QuickBooks ProAdvisors who “provide strategic insights to drive small business success.” We can provide you with the advice and guidance you need to improve your business as well as show you ways to manage your accounts, payroll, and tax planning. Whether you need help with the software or need to train a new member of your team, we can assist you.
How often should I log expenses and payments?
As a small business owner, you should make it your daily habit to log expenses and payments. Or consider outsourcing bookkeeping duties with our trustworthy Durham-based accounting firm! We will gladly help manage all of the paperwork for finances management in order that they can focus on running their businesses better than ever before.
Do I need to keep my personal and business expenses separate?
Yes. Even in cases where you alone own and operate a business with no one else in your company, you should have separate personal and business bank accounts. Paying for your business expenses separately will make it easier to optimize your tax filing and to make better fiscal decisions for yourself and your business.
What records should I keep?
When it comes to understanding the finances of your business, keeping up to date financial records will help you, and us, manage deductions and projections. According to the IRS, you should keep a balance sheet and your income statement. A balance sheet consists of your business’ income and expenses. The income statement deals with assets, liabilities, and equities in business. It’s also wise to keep track of your deductibles, sources of income, and basis in the property.