Accounting & Finance Services

At S5 Accounting, we believe in challenging the status quo.  We believe time is our most valuable commodity.  We believe that every business should have
availability to the same resources.  We do this by employing people that have a burning desire to help others succeed.  Professionals that have the knowledge
and experience to help all businesses, whether with bookkeeping, forecasting and analysis of cash flow, cost, or overhead, fractional controllers or fractional CFO’s.  We are here to partner with your business in whatever capacity needed to help your business become more profitable.

We can take care of your books so you can get back to the job of running your business and generating profits! We will also work with your CPA or tax preparer to help you save tax return preparations fees.

S5 Accounting is based in the Raleigh, NC area.  We offer remote services to companies all across the United States.  Put our 15 plus years of accounting, financial forecasting and bookkeeping experience to work for your business.

We make sure that every client is served the way we would want to be served!

Business Bookkeeping Services

• Managing a General Ledger: We can review your general ledger every month or on a quarterly basis. Through this process, we can help you catch any problem areas and fix them so you have a clean ledger.
• Creating a Balance Sheet: We can create a balance sheet to show your business and potential lenders a better picture of your current financial situation. This can show trends and help you come up with strategies for improvement.
• Creating an Income Statement: We can devise an income statement, or a profit and loss statement, so you can get a better idea of your expenses and profits for a specific time period. This can help you determine if you need to make changes and can show your income tax liability for that period.
• Reconciling Your Business Account: We can reconcile your business bank account each month or quarter to review bank charges, manage your funds and see if there are any problem areas like embezzled funds or lost checks.

Payroll & Taxes

S5 Accounting, LLC provides exceptional payroll and tax services that you can depend on. Their commitment to timeliness and attention to detail has gained them the reputation of being able to keep up with the strict requirements associated with payroll and tax filing. S5 Accounting employs a team of knowledgeable tax professionals who understand small businesses and non-for-profits and the laws that affect them.

Below are the payroll and tax services offered by S5 Accounting. For more details, please click on each service of interest:

• Payroll Processing
• Sales Tax Filing
• 1099 Preparation

Accounts Receivable

Income is the most important part of your business, and so it should be. That is why S5 Accounting, LLC takes painstaking effort to ensure that your receivables are handled in a secure, timely, and efficient manner.

S5 Accounting provides the following accounts receivable services:

• Client billing and invoicing
• Payment collection and processing
• A/R reconciliation and reporting

Here are the benefits to having S5 Accounting manage your receivables:

• Convert receivables to revenue quickly and efficiently
• Minimize personnel expense and collection agency fees
• Maximize reimbursement and reduce bad debt

Accounts Payable

Potentially the most vital key to a company’s survival and success is the management of its payables. However, in a fast-paced society it is difficult to find time to properly review, track, and pay your bills. This is where S5 Accounting, LLC comes to the rescue. By tracking your outflows, S5 Accounting is able to help you:

• Know exactly where you stand financially at all times
• Identify billing errors before bills are paid
• Minimize late fees and maximize cash flow
• Have more time to grow your business

Budgeting & Reporting

S5 Accounting, LLC understands that as a decision maker you need to know where your organization stands financially at all times. One uninformed decision could cost your organization greatly. This is why S5 Accounting is so passionate about regularly reporting to their clients in a way that is comprehensive and yet comprehendible. This enables you to:

• Understand where/why your business is making or losing money
• Identify and control overhead costs
• Project where your business will be in 6-12 months
• Budget and save for the future

QuickBooks Solutions

S5 Accounting, LLC is passionate about helping their clients get the most out of QuickBooks. QuickBooks is a powerful tool, but is only helpful if setup and used properly. S5 Accounting has over 15 years of experience utilizing QuickBooks. Whether your need is setup, cleanup or training, S5 Accounting has the expertise to help you take QuickBooks to the next level.