Financial Consulting For Businesses
Are you a Newark, DE, small business owner, retailer, general contractor, restaurant owner, or services company struggling to keep up with your business’s finances? Are accounting and bookkeeping foreign concepts to you? More importantly, have you been doing your bookkeeping only to find you’ve made far too many errors? Far too often, small business owners try to do too much. They assume that by relying on themselves, they’re reducing their costs. Unfortunately, all those cost savings quickly become money-losing propositions when your finances don’t make sense. It’s why so many Newark, DE, small and medium-sized enterprises (SMEs) call on the expert bookkeeping services provided by Doherty & Associates.
Keeping Your Financial Records Up-to-Date
There are several important reasons to use Doherty & Associates as your outsourced bookkeeping resource in Newark. First, we are highly experienced accounting professionals. With over 70 years of combined accounting, bookkeeping, and consulting experience, you’re guaranteed a team of CPAs and bookkeeping professionals who will maintain meticulous financials.
Second, we only use the most widely recognized and proven bookkeeping software. We then combine this software with proven tools and processes that save you money and time.
- 70 Years of Combined CPA and Bookkeeping Experience
- Proven Bookkeeping Software
- Real-Time Financial Reporting
- Detail-Oriented and Conscientious Bookkeeping Professionals
Third, we provide all our Newark businesses with real-time financial data and 24/7 access to all their company’s financials. This means you have instant access to your cash flow, incoming revenue, payments, and bank statements in addition to your income, balance, and cash flow statement. Fourth, we take great pride in our accounting and bookkeeping expertise. We’re known for the speed of our response, the ability to respect and adhere to deadlines, and the detail-oriented approach we take with all customers. Essentially, everything your Newark small business needs in terms of bookkeeping in Middletown, Doherty & Associates provides.
Accounts Payable Management
We manage all your Newark company’s accounts payable needs. That means daily invoice processing. It means managing your company’s terms with vendors and paying those vendors. It means negotiating more favorable payment terms, processing electronic ACH payments throughout the United States, and providing you with work-in-progress (WIP) reporting so you always know what work remains to be billed.
- Daily Invoice Processing
- Payments to Vendors
- Electronic ACH Payments
- WIP Reports
Accounts Receivable Management
By proactively managing your Newark business’s accounts payable and accounts receivable, we’ll help you secure more favorable cash flow. With our accounts receivable services, we do all the collections with customers, provide you with a customer delinquency report stating who is behind on payments, as well as process ACH and wire receipts.
- ACH and Wire Receipts
- Invoice Collections
- Invoice Billing
- Customer Payment Reports
Services for Audits and Assurance
Banking
With our bookkeeping services, all your ACH and EFT deposits will be direct. We’ll reconcile your company’s bank accounts, provide you with cash flow statements and projections, provide you with daily bank balance reporting, and use our courier services to make sure bank payments and bank documents arrive on time, every time.
- Bank Reconciliation
- Direct EFT and ACH Deposits
- Courier Services
- Bank Reporting
- Cash Flow Projection
Financial Reports
Along with our everyday bookkeeping services, we’ll also manage all your business’s financial reporting. That means creating your balance sheet, income statement, and cash flow statement. However, it’s not just about reporting the numbers but providing you with services that help to improve your company’s overall financial performance.
These services can include detailed expense tracking, helping you create manageable budgets, and getting you the highest possible tax deductions, while also helping your business with stronger cash flow management approaches that help you keep more capital on hand.
Tax Preparation
To provide you with a solution that maximizes those tax deductions, our bookkeeping services can be combined with our tax preparation and planning services. This is where we help your business secure the highest possible tax deductions. That comes from an expense tracking solution that’s easy to follow and our invaluable experience as an enrolled IRS agent representative.
From having readily available data on your accounts receivables and payables, managing your payroll, and reconciling your bank statements to making certain your Newark business has a proactive tax strategy, you get everything your business needs with our bookkeeping services.
Trusted Bookkeeping And Accounting Services
At Doherty & Associates, we know how much time and effort it takes to make a business work. We understand that controlling costs helps to improve your bottom line. However, we also understand that not having a solid handle on your company’s finances can cost you a considerable amount of money.
As an established bookkeeping and accounting firm, we provide reliable financial consulting in Philadelphia to SMEs and new startups. We provide essential accounts payable and accounts receivable management alongside payroll management, financial reporting, outsourced accounting, bank reconciliation, and expense tracking. Here is what you can expect once you decide to hire the bookkeeping services offered by Doherty & Associates in Newark.
Partnering With You For Clear And Organized Bookkeeping
At Doherty & Associates, we’ve long been viewed as the best bookkeeping resource for small business owners in Newark. We customize all our bookkeeping services to our client’s needs. We believe they have greater visibility of their company’s finances and work with them so they never have to concern themselves about payroll or cash flow. If you own a small business in Newark and need a proactive bookkeeping firm to help you make sense of your company’s finances, contact us today!
What Is The Process For Starting Bookkeeping Services With A Provider?
- First, you’ll have an initial consultation to discuss your business needs, existing records, and goals.
- Next, the provider gathers your financial documents like bank statements, invoices, receipts, and prior bookkeeping files.
- They set up your accounting system or integrate with your existing software, customizing chart of accounts and workflows.
- Ongoing bookkeeping begins, including transaction recording, reconciliations, and regular reporting, with communication to ensure accuracy.