At Swaim & Associates, we offer various accounting services in the Winston-Salem-Greensboro, NC area to support our local small businesses. We have advised countless clients throughout the Triad region on key topics such as creating a steady cash flow, understanding tax responsibilities, and implementing solid financial management practices.


We focus on these areas because we understand how vital they are to any company’s long-term health and success. Our number one goal is to alleviate as much of your financial management burden as possible. By allowing us to manage tasks such as tracking invoices and staying on top of tax law, you will be freed up to run and grow your business. When you partner with us, you can go to bed at night knowing your company’s financial state is in good hands.

We've been helping small businesses with accounting services for over 25 years. We understand the intricacies of small business accounting.

Contact Swaim & Associates for a consultation.

How Our Services Can Help You

When you need a small business accountant to help your company, you want to be sure that the team you choose can help you with any of your accounting needs. We are proud to offer clients our services in matters including:

The steps involved with even the most basic bookkeeping can be overwhelming, depending on the size of your business and the number of transactions that need to be recorded. If you feel that the time you dedicate to bookkeeping issues could be better used to engage with your customers or improve production processes, give Swaim & Associates a call today. We will manage your business finances and keep you on the right track.

We can take care of your business accounting “books”, so you get to focus on providing the highest standard of services for your clients, concentrating your efforts on initiatives that drive success and growth.

Monthly services include:

While we offer many individual services for your day-to-day needs, we also take care of major tasks that need attention every month. Just a few of these services that we offer include:

  • Preparing Your Income Statement 
  • Reconciling the bank account and balance: comparing the checkbook against your bank account and the cash account in General Ledger.
  • Preparing your Statement Of Cash Flows
  • Preparing your Balance Sheet
  • Recording all transactions in the General Journal and Record. Also saving the data in  your general ledger

Bank Reconciliation

The more thorough your accountant team is, the more protected your business is from audits and other accounting needs. Choosing Swaim & Associates to help you reconcile your business checking account each month allows us to keep your bank account, books, and taxes up-to-date by performing the following procedures:

  • Identifying lost checks, lost deposits and wire transactions.
  • Monitoring your account for unauthorized charges and working with your bank to confirm they have been removed in a timely manner
  • Embezzlement detection surveillance to identify and prevent potential issues
  • Looking for duplicate payments made by check, EFT or other debit.

Income Statement “Profit & Loss Statement”

An income statement is a list of all financial transactions related to a business. This includes expenses (money spent) and income (money earned). This statement tells us if your company made or lost money at the end of each month and year. This allows us to calculate your taxes properly.

An income statement provides several financial management benefits, including:

  • Identifying what departments are over and under budget
  • Breakdown of where your money is being spent (marketing, salary, materials, ect.)
  • Determining the operating performance of your company
  • Track and follow increases in product returns or cost of goods sold
  • Estimate your income tax liability

Balance Sheet

A balance sheet gives you a picture, in report form, of your business’ financial condition as of a specific date (i.e. the end of the month or year).

It is a detailed spreadsheet that lays out key information, including your current complications, assets that you own, and who has equity in your business. Balance sheets and income statements are the two most commonly requested documents by banks, investors, and vendors. While you may be able to talk up your company’s financial well-being, these documents will give a truthful, undisputed picture of your overall financial health.

Maintaining a Clean General Ledger

A general ledger is essentially a “scorecard” that includes every aspect of your company’s financial picture. It keeps track of every single transaction, including both revenue and expenses. Therefore, if there is an error within your general ledger, your entire bookkeeping system will be negatively impacted.

We understand the importance of keeping a clean and neat general ledger. However, we also understand this is something you and your team may no longer have time for as you grow as a company. Partnering with us ensures your general ledger is always up to date and in order. Furthermore, we can use this ledger to track and identify any potential issues and resolve them before they can harm your business.

Get Your Small Business Accounting Consultation Today

We know how difficult accounting can be for small business owners. This is one detail-intensive service that is certainly best left to a financial professional. Ready to hire an experienced small business accountant for your Winston-Salem-Greensboro, NC area business? Contact Swaim & Associates now and get a consultation!