TOP 10 BEST Accounting & Bookkeeping Services in Washington, DC December 2023

The bookkeeper’s role is to provide information that can be understood by those who are empowered to make decisions at the business. Have an accounting professional oversee your company’s finances, taxes, and long-term strategic planning on an ongoing basis. Then, let Profit First change your financial behavior, so you can flip your business to be wildly profitable from your very next deposit. You give it your time, expertise, and ideas, you market your products and services and hire qualified employees, you design benefits packages, maintain insurance, and have a dedicated space.

  • Between the accounting software specialist and the full-charge bookkeeper, you will have begun to create a set of checks and balances within your business.
  • Boyd, D’Andrea Group, LLC is a BBB-accredited accounting and bookkeeping services company in Manassas Park, DC that strives to provide quality and cost-effective services.
  • They not only got them in shape, but held me accountable to give them the information they needed, were in contact often, and had quarterly meetings with me.
  • An accountant may charge an hourly rate when a company or individual needs their services on a short-term basis, such as when performing an audit or requesting assistance setting up a financial database or process.
  • Academic background, years in the field and professional reputation all can affect an accountant’s rates.

Although many of our clients are in the DC area, we have clients throughout the United States. We gladly offer small business accounting services across the country if you have an internet connection. Bookkeepers also collect information regarding transactions stemming from payroll, payment processing companies, expenses, and so on. The duties of a bookkeeper extend all the way to generating important financial statements for presentation to groups ranging from the IRS to prospective investors and potential business partners. We worked with individuals and businesses – from the smallest of startups to the largest corporations – and is equipped for any challenge that may come our way.

Washington, DC

Common tasks include creating budgets, analyzing profits and losses of a company, processing payroll, preparing financial statements for company leadership, and creating and maintaining financial database systems for a company. The best bookkeeping services ensure you receive an accurate monthly snapshot of your company’s financial picture. The information provided by bookkeepers is a strong indicator of your business’s underlying financial health and gives great insight into opportunities for your business. Pamela Fullerton is the owner of Empire Office Services; a Washington DC-based bookkeeping company.

  • We help small businesses like yours handle your bookkeeping and accounting, payroll, tax preparation services, tax planning and filing, and business plan development.
  • Its bookkeepers are well trained in handling bookkeeping services such as balance sheet generation, bank reconciliation, and payroll processing and administration.
  • Bookkeeping is not a one-time task that needs to happen once or twice per year; instead, it should continually occur throughout your business’s life.
  • They often work closely with law enforcement and lawyers, and they can help determine the legality of financial activities, according to the BLS.

SunCrest Financials is a BBB-accredited, multi-service accounting firm that has been serving individuals and businesses in the Upper Marlboro area and surrounding communities for many years. It is composed of professionals who specialize in accounting, bookkeeping, payroll, and tax preparation services. Its team of bookkeepers is highly trained in handling services such as bank reconciliation, balance sheet and income statement preparation, and more. Haines & Lagerquist CPAs is a trusted accounting firm in Silver Spring, DC that is composed of knowledgeable and experienced professionals who specialize in accounting, bookkeeping, and tax services. Its team of bookkeepers handles a wide variety of services, including bank reconciliation, financial statement preparation, QuickBooks support, and payroll tax preparation.

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To assist you in your search for a partner, we’ve compiled this list of the top bookkeeping services in Washington DC. Read more + Browse descriptions, feedback, and awards to find which can best suit your company’s needs. We offer certified financial management for a variety of business and personal needs, and are available to handle all of the questions and concerns you may have. They not only got them in shape, but held me accountable to give them the information they needed, were in contact often, and had quarterly meetings with me. Are you feeling overwhelmed with managing reports so you can see what’s going on in your business?

We can help you find, install, and customize the perfect version of QuickBooks® for your unique business’s needs, so you avoid costly mistakes in installation, conversion, and customization. They can help ensure that each of these tasks are completed correctly, in a timely manner, and that they are accurate enough to be truly useful. We’ll do the work for you – finding and connecting you with service providers that meet your exact requirements. Have an outstanding track record in dealing turn-key business solutions and a wide variety of accounting demands in Washington DC.

Payroll

Having visibility of accurate financial statements also will set a company up for future growth. If you have ignored that advice this far, it might be a good time to start doing your research before you dig the hole any deeper. A bookkeeping service does more than just record payables and receivables, or manage payroll services, they guarantee the security, scalability, and success of your business.

Merritt Advisory Group

Worry less and achieve more by working with a CFO who can provide an end-to-end solution that will save you time and money, all while reducing the risk of IRS penalties. We help small businesses like yours handle your bookkeeping and accounting, payroll, tax preparation services, tax planning and filing, and business plan development. Accountants’ rates vary based on their education, licenses, experience, https://accounting-services.net/bookkeeping-d-c/ and the work for which they are being hired. An accountant may charge an hourly rate when a company or individual needs their services on a short-term basis, such as when performing an audit or requesting assistance setting up a financial database or process. Hourly rates can range as widely as $40 per hour to $300 or more per hour, depending on your geographic location and the accountant.

However, many factors can impact how much an accountant will charge you for tax assistance. For an accurate price estimate, request quotes from several certified public accountants (CPAs) near you. Accountants may offer a package rate for weekly, monthly or annual services to reward ongoing customers. For basic monthly accounting services, an accountant might charge anywhere from $75 to $500 or more, depending on what was included in a given package, the size of the client’s business, and the complexity of work requested. Nationally, full-time staff accountants earn between $40,000 and $80,000, depending on experience and other factors.

If you care about the future of your company, hire a virtual bookkeeping service today. A bookkeeping service offers a three-tiered approach to developing and maintaining your company’s overall financial processes and management. According to the American Institute of CPAs, certified public accountant (CPAs) financially advise individuals, big companies and small businesses to help them reach their financial goals. Our team of accounting professionals can help you develop a robust tax plan with your financial data. It will save time and money as we ensure you take advantage of all deductions available.

You see, bookkeeping services implement—and maintain—a consistent financial process that strengthens the health of your company and helps to create and encourage uniformity in tracking, paying, and reporting. The value of this is immeasurable as it insulates your business from many costly and dangerous risks. And this is where we bring in the third prong of the bookkeeping service, the controller. The controller increases the company’s overall financial accountability and checks and balances. A controller reviews the bookkeeper’s ledger for accuracy while also maintaining the integrity of the accounting data file in the future so that adjustments can’t be made without approval. Lastly, a controller issues monthly financial reports highlighting any critical issues that you need to understand and possibly address.

They often work closely with law enforcement and lawyers, and they can help determine the legality of financial activities, according to the BLS. Know precisely when money enters and leaves your account, what you can do to get cash faster, and how to control your spending to avoid issues. Get an expert to analyze your company and set you up with a plan to lead you down the path of smart business decisions. She immediately provided me with improvements on how I can run my business better with QuickBooks. (…) She treats me the way that I treat my customers, with respect and dignity, at a fee that makes sense.

Do you find it is hard to find the time to get up to speed with QuickBooks and your bookkeeping? Perhaps you are looking to upgrade your accounting system or streamline your accounting processes so you can save money? If you feel stressed about your business’s finances, it may be time to reach out for help. Contact us to see how you can benefit from our excellent services today and find out why so many businesses and individuals rely on us to manage their finances.