BOOKKEEPING
At HWA, we know that accurate, up-to-date financial records are the foundation of any successful business. Our comprehensive bookkeeping services ensure your financial statements are always in order, giving you the peace of mind to focus on what you do best. Whether you’re just starting out, need help catching up on past work, or want to fully outsource your bookkeeping, we offer flexible solutions tailored to your needs including payroll and sales tax management if you need it. No matter how you choose to customize your accounting services, we handle the details so you don’t have to.
What Sets HWA Apart?
What makes HWA different is our commitment to personalized service and transparency. We don’t believe in a one-size-fits-all approach. We take the time to understand your business’s unique needs and customize our services to provide real value—whether that’s setting up QuickBooks Online, providing quarterly reviews, or delivering fully outsourced bookkeeping. With a focus on clear communication, we ensure you always know what’s happening with your finances, while providing concierge-level support you can count on year-round.
FULLY OUTSOURCED BOOKKEEPING Fully outsourced bookkeeping at HWA is designed to enable business owners to be completely hands-off with day-to-day bookkeeping and paperwork so they can focus on running and growing their businesses. We take care of importing and classifying transactions, reconciling accounts, and ensuring the balance sheet is correct. We will also review payroll filings for accuracy and publish quarterly financial statements for use by you and your tax accountant. Our team is here to support you with any questions along the way, ensuring every aspect of your bookkeeping is thoroughly managed. Payroll and Sales and Use Tax services can be added for a truly comprehensive accounting package.
BOOKKEEPING CATCH UP At HWA, our bookkeeping catch-up services ensure your financial records are accurate and up-to-date. We review your previous bookkeeping, correct any errors, import and classify transactions, reconcile bank, credit card, and loan accounts, and prepare financial statements for use by you and your tax accountant. While we prefer to use QuickBooks Online, we also accept catch-up work in other systems like QuickBooks Desktop, Wave, and Xero on a case-by-case basis. We pay close attention to your entire financial picture, including fixed assets, payroll and sales tax liabilities, and other key transactions that others might overlook, ensuring nothing is missed.
QUICKBOOKS ONLINE ONBOARDING QuickBooks Online onboarding service ensures a smooth and accurate setup, whether you’re transitioning from another system or starting fresh with a brand-new business. We take care of: - Creating a new QuickBooks Online instance for your business - Verifying beginning balances for all general ledger accounts - Connecting your bank and credit card accounts - Setting up your chart of accounts - Integrating third-party tools as needed Our comprehensive onboarding process leaves no detail overlooked, ensuring your QuickBooks Online setup is tailored to your business needs. We also offer discounts on accountant-managed QBO subscriptions for new QBO users.
BOOKKEEPING REVIEWS Our bookkeeping review services are available on a monthly or quarterly basis and are perfect for those who prefer to handle most of their bookkeeping but want an expert to review their work. We review your bookkeeping, regardless of the system you use, make corrections as needed, and notify you of any changes. Our team reconciles bank, credit card, and loan statements, records missing transactions and fixed assets, and ensures your financial statements are accurate. After each review, we provide insights on areas for improvement that will help keep your records accurate and up to date.
PAYROLL Navigating payroll can be challenging, but HWA makes it simple and efficient for your business. Our payroll services include helping you set up payroll tax accounts with the relevant agencies, setting up payroll in QuickBooks Online Payroll (QBOP), and managing employee or contractor information. We process payroll for both salaried and hourly employees, review pay stubs and tax forms for accuracy, and ensure your quarterly and annual payroll tax filings reconcile properly. If you prefer to process payroll on your own, we can also create personalized user guides or video tutorials that walk you through the submission process.
NORTH CAROLINA SALES AND USE TAXES We know that NC Sales and Use Tax can be complicated, but we've got it figured out so you don't have to. Our comprehensive services include setting up your sales tax account, filing overdue or current returns, and ensuring your point-of-sale systems are configured to collect the correct tax amounts automatically. We also help identify potential sales tax exemptions for both you and your customers. Our team manages exemption forms and handles all sales tax payments, making sure your sales and use taxes are accurately filed and paid on time.
Frequently Asked Questions
What software do you use for bookkeeping?
We recommend QuickBooks Online for most our clients, but we also work with other platforms such as QuickBooks Desktop, Wave, and Xero.
Does HWA prepare income tax returns?
While we can prepare income tax returns, we believe our clients are better served by firms that specialize in tax preparation, as our primary strengths are in bookkeeping and business advisory. We evaluate tax return requests on a case-by-case basis, depending on our staffing levels and the complexity of the return. If we’re unable to assist, we can recommend a trusted tax specialist and ensure your books are in perfect order for tax season.
How do I choose between fully outsourced bookkeeping and bookkeeping review?
This choice depends on how involved you want to be in your business’s day-to-day bookkeeping. Fully outsourced bookkeeping is ideal for clients who prefer to be completely hands-off, allowing our team to handle all bookkeeping tasks, from transaction classification to account reconciliation and financial reporting. On the other hand, bookkeeping review is suited for clients who prefer to manage their own bookkeeping but need expert oversight to ensure accuracy, catch any errors, and provide valuable feedback on improvements.
How much do your services cost?
All of our services at HWA are customized to meet the specific needs of each client, and so is our pricing. Costs are determined by the scope of work we agree upon together, and we operate on a time and material basis rather than a flat rate or subscription model. This approach ensures that our team can dedicate the time needed to deliver high-quality, accurate accounting work. If you have a specific budget in mind, we are happy to work with you to tailor the scope of services as much as possible to stay within your budget while still meeting your business’s needs.