Small Business Bookkeeping in Raleigh

A bookkeeper is responsible for recording and tracking a small business’ financial transactions. This includes recording sales, purchases, payments, and receipts. They also calculate and track taxes owed and prepare tax returns. Small business owners may choose to do their own bookkeeping or outsource this task to a CPA. Click here to read about financial forecasting and budgeting for small businesses.

Small business bookkeeping services encompass a wide range of accounting and financial tasks, including reconciling bank statements, preparing financial statements, maintaining ledgers and journal entries, and more. In short, bookkeepers are responsible for ensuring that an organization’s financial information is accurate and up-to-date.

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, as you may have noticed, there are some disadvantages of using accounting software. For one, the software is reliant on the information you input, so if you input incorrect information, it will generate incorrect data.

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 area. To get onboarded with our services, give us a call or fill out the form below. 

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.

If you are a small business owner based in Raleigh, our firm offers small business bookkeeping services that will keep you and your employees on the road to long-term success as you grow your business. Please fill out our contact form to inquire about our 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 be your bookkeeper and prepare financial statements, we are happy to do so. Give us a call at  919-420-0092 if you’d like to inquire about our bookkeeping and/or financial statement services.

The main difference between small business 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.