Managing cash flow is a common challenge for businesses in the U.S. According to a U.S. Bank study, as many as 82% of businesses fail due to cash flow mismanagement. The QuickBooks State of Cash Flow Report also supports this, revealing that 62% of business owners struggle with managing cash flow.
In response to this issue, Downing & Co., a reputable accounting firm in Portland, offers bookkeeping services managed by certified public accountants (CPAs). This ensures that clients maintain accurate records, eases the burden of daily cash flow management, and provides valuable business insights and tax-saving opportunities that are often overlooked by standard bookkeepers.
This comprehensive offering bridges the gap between bookkeeping and tax planning, providing businesses with a seamless solution for their financial needs.
“We understand that most bookkeepers don’t handle taxes, which can leave business owners with unanswered questions and missed opportunities,” said Tim Downing, Managing Principal at Downing & Co. “By offering bookkeeping services led by CPAs, we’re able to provide our clients with a more holistic financial strategy that supports their growth and success.”
CPA-led Portland bookkeeping services can have a tremendous impact on the success of small businesses, including:
- CPA Expertise – Most CPAs don’t offer bookkeeping, and most bookkeepers don’t do taxes. When CPAs manage your books, handle payroll, and oversee transactions, it ensures your financial records are accurate and optimized for tax efficiency.
- Business Insights – CPA-led bookkeeping services go beyond number crunching by analyzing financial data and providing insights that help businesses grow, streamline operations, and boost profitability.
- Convenience & Peace of Mind – By offering CPA-led bookkeeping services in the Greater Portland and Southwest Washington areas, Downing & Co. has created a convenient solution for all your Portland bookkeeping needs.
