Small Business Accounting Services

BaileyPaige, LLC is a consulting firm that concentrates on accounting, bookkeeping, and general administrative needs for small business clients. Our services that we provide can be customized to meet your specific needs, with the core of our services listed below:

Bookkeeping Cleanup

Resolve all bookkeeping issues and bring the books current through the month and/ or year

Full Charge & Monthly Bookkeeping

Entry and classification of all financial transactions
Checking, savings, and credit card account reconciliations
Loans, investment accounts, and other non-primary account reconciliation
Input payroll transactions into QuickBooks
Preparation of financial reports, including profit & loss, balance sheet, and statement of cash flows
Maintenance of chart of accounts and general ledger
Monthly depreciation and amortization
Accounts Receivable

Communicate with customers for payments
Creating invoices and mailing invoices
Receive payments in QuickBooks

Accounts Payable

Track 1099 vendor information with W9
Enter bills from vendors
Review bills for accuracy
Bill pay by check or by company cards

Annual Tasks

Preparation and filing of 1099s as necessary
Year-end adjustments

CPA Communication

Meeting with a CPA about planning and preparation of corporate, partnership, or individual tax returns
Schedule C (Sole Proprietor) preparation

Consulting Services

Accounting & Full Charge Bookkeeping

Weekly, Monthly, Quarterly, and Annual bookkeeping
Managing A/R and A/P
Managing postal mail
Full charge bookkeeping services
Administrative tasks as needed

QuickBooks Desktop

Strong software for all accounting needs
Financial statement preparation
Payment of customers through software
Tracking of inventory
Payroll services & referral services to prestigious payroll firms

QuickBooks Online

Quick and clean connection to accounts for flawless and more accurate reconciliation
Access from anywhere there is a computer and Wi-Fi access
Less expensive option to QuickBooks Desktop

Communication With CPA's

Constant communication with your CPA for the highest level of service throughout the year
Documentation and reports that will save your CPA time and accounting expenses
Connection with CPA firms so that you can have the best fit for your needs when it is tax time

Financial Reporting

Balance sheet, profit and loss, and statement of cash flows
Forecasting reports
Analysis of financial statements to increase profit and save on taxes

Administrative Services

Bill pay services for small businesses and high net-worth clients
Organizing mail and depositing checks
Outsourced office & administrative duties

CFO Services

Want to Unlock More Growth? Bring in an Outsourced CFO.

What is an outsourced CFO? Other names like fractional CFO can be used, these are services that provide an organization part-time presence of an acting CFO. This offers the company the insight a CFO would bring, without the in-house cost, salary, benefits, and bonuses of a full-time CFO.

A fractional CFO may be brought into an organization to overcome specific financial challenges, such as:

Overall financial analysis
Financial performance analysis
Cash flow management
Risk Management
Financial reporting and compliance
Cost optimization
Financial forecasting
Investment strategy
Budgeting and expense control
Capital structure management
Expansion strategies
Tax planning
Cost-benefit analysis
Financial education and training

Why Companies Decide to Go With Outsourcing CFO Services:

Cost-effectiveness and flexibility to have the right financial expertise when needed without the burden of maintaining a full-time CFO.
Access to specialized expertise with a team of finance professionals with specific niches and expertise to get the job done.

Startups and small businesses that operate with limited resources and budgets may be the best option to move forward with less financial strain. Rapidly growing companies may have financial activity that may be more complex, with the right CFO, they can provide strategic financial, guidance, and scaling financial process. An outsourced CFO can evaluate the financial impact of growth strategies, manage the cash flow, and implement financial reporting systems to support business scaling. Turnaround situations requiring financial restructuring often require specialized expertise. CFO's can identify financial inefficiencies, create a restructuring plan, and implement cost saving measures to turn the company around. Mergers and acquisitions can be complex and overwhelming, which may need detailed due diligence. CFO's can evaluate the financial health of the target company, assess potential risks, and create a financial integration plan to ensure a successful merger or acquisition.

Personal Finance

Bill Pay

Keeping track of all of your expenses and paying credit card bills.

Personal Record Keeping

Categorization of all checking, savings, investment, and credit card accounts.

Advisor

We can give updates daily, weekly, and monthly on your personal financial portfolio.

Auditing & Tax Services

Audits, Reviews & Compilations

We work closely with multiple CPA firms in Delaware & Pennsylvania that can provide the highest quality when it comes to auditing financial statements.

Personal & Business Tax Preparation

Whether it is tax planning, tax questions, or tax return filings, our connections with top CPA firms are extensive and can offer top of the line referrals.

Why We Partner With a CPA Firm

At the moment, BaileyPaige, LLC does not provide auditing or tax services for our clients. At BaileyPaige, LLC, we have many quality and respectable CPA firm connections that will give you the highest quality in precision and knowledge when it comes to any auditing and tax matters. Knowledge is power, especially when it comes to the small details. To be as strategic as possible and maximize profitability, you need a professional bookkeeper along with a tax specialist or CPA.

You may be asking why should we be working with BaileyPaige, LLC for our bookkeeping and not a CPA firm that does our taxes?

Cost Effective - Bookkeeping services from a CPA firm tend to cost more than when provided by a firm like BaileyPaige, LLC. The hourly cost of your CPA's advisory services may not be the most valuable use of their time or your money. Having an outsourced bookkeeping on a monthly or weekly basis with a virtual bookkeeper will be more in line with your budget.
Eliminates Conflict of Interest - Separation of duties to avoid a conflict of interest. There is less independence if the same firm handles taxes and bookkeeping matters, and there is a risk that the benefits provided through an informal audit are diminished.
Higher Level of Service - CPA's stay on top of changing laws and regulations, and bookkeepers remain aware of efficiencies and best practices to save you time and save your business money.