Why your company needs bookkeeping

Bookkeeping plays a vital role in the success of your business. The figures on your financial statements influence numerous decisions, including tax planning, budgeting, forecasting, marketing, and owner distributions. For a business owner to thrive, having access to up-to-date and accurate financial information is essential for making well-informed decisions.

How we can help your business

Affinity Accounting & Tax specializes in providing bookkeeping and tax services tailored for small businesses and start-ups. We assist you in interpreting data effectively and leveraging it to optimize your company's growth. Additionally, we ensure that your business remains compliant with both federal and state tax laws and regulations.

How much it will cost you

Our budget-friendly bookkeeping packages are designed to meet the needs of even the tiniest start-ups, customized to align with your business's specific requirements. By not hiring professionals, you risk overlooking numerous tax-saving deductions, which could lead to higher costs down the line. Additionally, accounting fees are fully tax-deductible.

Now Offering Accounts Receivable & Accounts Payable Services

The cost of a full-time accounting clerk can be a financial burden for your small business. Especially when you factor in health benefits, required paid time off, supplies and payroll taxes. Outsourcing these functions to an accounting firm who specializes in these services will not only provide you with cost savings, but also with peace of mind.

Outsourcing your Accounts Payable and Accounts Receivable is a powerful move for any business who wants to boost savings, amplify their cash flow and build stronger relationships with customers and vendors.

Accounts Payable

Managing your bills can be a headache and very stressful when you have an entire business to run. As your Accounts Payable Specialist, we can increase the speed of invoice processing, improve accuracy, efficiency, all while improving your bottom line.

Managed Accounts Payable Services include:

• Receipt of invoice from the Vendor 
• Expediting approvals in the account payable process 
• Tracking aging of invoices in accounts payable 
• Helping resolve billing issues in accounts payable 
• Avoiding duplicate payments in accounts payable 
• On-time vendor payments in account payable 
• Enter invoices into accounting system
• Communicate with vendors
• Management reporting to track bills and control cost
  

Accounts Receivable

One of the most important functions in a business is being able to collect payment on time from your customers. As your Accounts Receivable Specialist, we will ensure your invoices are paid and deposited in a timely manner. Hiring an accounting firm ensures efficiency and accurate data.

Managed Accounts Receivable Services include:

• Cost savings provided by firm
• Expertise in collecting from customers
• Improves cash flow with better tracking and collections
• Improved accuracy of account receivable transactions
• Invoice automation to improve efficiency
• Email and customer data management
• Free up management/owner time
• Proper invoice coding and payment matching
• Management reporting to track highest selling services/products

What are the benefits of outsourced bookkeeping?

• Easy access to your current financials
• Accurate financial reporting
• Cash flow management
• Effective budgeting & forecasting
• Make better financial decisions
• Obtain quick financing
• Know the value of your business
• Easily calculate owner pay with accurate data
• Additional year-end tax savings can be found with clean books
• Accurate financial data means accurate tax planning
• Properly calculate estimated tax payments
• A network of accountants and tax professionals in your corner
• Peace of mind and time to focus on growing your business
• Stay compliant with local and federal tax laws and regulations

We could post more benefits, but know you are really busy.