Bookkeeping Services Philadelphia PA
Detailed record keeping is a tedious and time-consuming part of running a small business. We can help.
Record Keeping
Back office bookkeeping is usually not a strength or focus area for many small business owners. It is, however, an important part of running your business. You are required by law to maintain accurate financial records, and doing so will save you time, money, and aggravation.
A lack of good accounting records is one of the reasons small businesses fail. Incomplete and/or inaccurate financial records lead to under and overpayments, inadequate budgeting and forecasting, late and/or incorrect tax filings, and poor customer service. If you can’t or don’t provide the information requested by the IRS, employees, customers, investors, suppliers, and lenders, it can lead to penalties and fees, a stoppage or slowdown in cash flow, and compromised or terminated relationships.
Outsourcing
Outsourced bookkeeping services make sense for many small businesses, especially when they’re just starting. In the first few months and years, you’re too busy to focus on detailed record-keeping and the transaction volume typically does not warrant a full-time hire. After that, transaction volumes grow, accounting and tax planning, and reporting more complex. You also need to begin to think strategically about where your money is going and where you can save. For all that, you need detailed and accurate record-keeping.
PWR Accounting & Tax Advisors provide Philadelphia-area businesses with quick and easy access to their most accurate and up-to-date financial information. You control customer transactions, invoice approvals, and online bill payments. We structure and update your financial records, perform duplicate and error checks, and provide detailed and accurate reporting. We host your data in Quickbooks with offsite backups.
Don’t miss any important tax payments. Learn more about us or contact us to schedule a free consultation.