Business Accounting

Take Control of Your Finances with Delaware Audit

We Help You Focus on Your Business

At Delaware Audit, we’re passionate about numbers, but we understand that as a small business owner, accounting may not be your priority. You likely started your business because you had a great product or service to offer, not because you were excited about cash flow analysis, profit and loss statements, budget forecasting, or strategic tax planning.

That’s where we come in.

Leave the Accounting to Us

By choosing Delaware Audit, you gain access to a team of experienced tax and accounting professionals. You get the expertise of a seasoned financial executive without the overhead of hiring one full-time.

Whether you need us on a monthly, quarterly, or annual basis, we help you take control of your finances, so you can focus on running and growing your business.

What We Do for You:

Generate reports and analyze financial data
Evaluate cash flow and improve profitability
Prepare budgets and financial forecasts
Provide strategic tax planning
Set up accounting systems, Chart of Accounts, and General Ledger
Implement internal controls for fraud prevention
Deliver quarterly, monthly, and annual financial statements
Create profit statements and balance sheets
Develop custom financial reports
Handle business tax returns
Offer outsourced CFO services

We're Here to Help You Succeed

As your trusted financial advisor, our mission is to help you reach your business goals. Whether it’s improving cash flow, increasing profitability, or taking your company to the next level, Delaware Audit is here to support you.

Contact us today using the form below with any questions. We’re happy to assist!

CONTACT OUR TEAM

Bookkeeping Services

Leave the Bookkeeping to Delaware Audit, Focus on Growing Your Business

Accurate Bookkeeping for Long-Term Success

At Delaware Audit, we understand that accurate bookkeeping is crucial to your company’s long-term viability. Our experienced, affordable, and reliable services cater to a variety of industries, from self-employed home-based businesses to small and medium-sized enterprises with employees. When you outsource your bookkeeping to us, you receive personalized service combined with the latest technology and payroll software.

Streamline Your Business with Our Expertise

If you’re starting a new business, we can help by setting up reporting and recordkeeping systems that make it easy to track your finances. For those who have been in business for a while and need help cleaning up their books, we’ll streamline your bookkeeping processes and establish a system of checks and balances.

Why Choose Our Bookkeeping Services?

The biggest advantage of using Delaware Audit’s bookkeeping services is the extra time you gain to focus on what matters most: running your business and generating more profit.

Our Bookkeeping Services Include:

Accounts payable (entry, bill paying)
Accounts receivable (entry, invoicing, deposits, collections)
Bank reconciliations
Bookkeeping cleanup
General ledger maintenance
Tax forms (1099s, 1096)
Outsourced bookkeeping

Take Advantage of Our Expertise Today

There’s no better time than now to leverage Delaware Audit’s bookkeeping expertise. Let us handle the numbers, so you can focus on growing your business.

CONTACT OUR TEAM

Financial Reporting

Proven Expertise in Audits, Compilations, and Reviews

Ensuring Accurate Financial Reporting for Your Business

As a business owner, you may be accountable to creditors, private investors, or shareholders, all of whom require assurance that your company’s financial statements accurately reflect its true financial position. At Delaware Audit, we specialize in providing CPA-certified financial statements at three levels of service: compilations, reviews, and audits.

Types of Financial Statements

Compilations

The most basic level of service is a compilation. While there is no verification of the accuracy of the numbers presented, the financial statements produced can be used for both management and third-party purposes.

Reviews

A review offers more in-depth analysis than a compilation but is less comprehensive than an audit. We conduct interviews with key personnel to assess accounting policies, procedures, operations, and financial statements. The result is a review report, offering “limited assurance” of the financials.

Audits

Our audit services provide the highest level of assurance. We collaborate with your team to thoroughly understand your internal control systems and perform verification procedures in accordance with Generally Accepted Auditing Standards (GAAS).

Choosing Between an Audit, Review, or Compilation

Which service is right for your business? The answer depends on the level of financial accuracy and assurance you need. For example, you might opt for a compilation one year and later decide that a review or audit offers deeper insights for better decision-making and future growth planning.

Your Partner in Achieving Financial Success

Whether your company requires an audit, compilation, review—or all three—Delaware Audit’s team of experienced CPAs and tax professionals is here to support you.

CONTACT OUR TEAM

Forensic accounting

You've Got Questions - Delaware Audit Has Answers

Are You Considering Forensic Accounting Services?

If you're thinking about forensic accounting, there's likely a reason. Whether it's suspected fraud or financial discrepancies, Delaware Audit is here to help uncover the truth. Consider the following questions:

Does it feel like your business is making plenty of money, but you can barely pay the bills?
Do you have a nagging suspicion that a trusted team member may have committed fraud, but you can't prove it?
Is your soon-to-be ex-spouse claiming there are no matrimonial assets, but you know there are?
Do you suspect employees are taking kickbacks?
Have you found missing inventory that can't be explained?

A Fraud Investigation Team You Can Rely On

Forensic accountants are more than just number experts. It requires a unique combination of skill, intuition, perseverance, diligence, and integrity to get to the bottom of complex financial issues. At Delaware Audit, we’ll uncover the truth, no matter how challenging or time-consuming the investigation may be.

Our Forensic Services Include:

Quantifying losses due to fraud
Records examination and reconstruction
Analyzing bookkeeping and accounting systems
Investigating financial reporting irregularities
Analyzing insurance claims
Searching for unreported income and assets
Investigating bribery and kickback schemes
Identifying weaknesses in your accounting processes
Developing procedures to help detect and deter fraud

Isn't It Time You Uncovered the Truth?

If you believe you’ve been a victim of fraud, embezzlement, or any other white-collar crime, Delaware Audit is here to help.

CONTACT OUR TEAM

Cash Flow Management

Don't Let Poor Cash Flow Management Be the Downfall of Your Business

Many Businesses Fail Due to Poor Cash Flow Management – Don’t Be One of Them

Cash flow refers to the movement of money in and out of your business. Positive cash flow means you're bringing in more money than you're spending—an essential goal for every business owner because it enables you to cover liabilities and reinvest in your business.

On the other hand, negative cash flow happens when your expenses exceed your income. While temporary periods of negative cash flow are common, consistent negative cash flow over several months can—and will—cause a business to fail.

Managing Cash Flow Is the Key to Success

At Delaware Audit, our tax and accounting professionals specialize in helping small and medium-sized business owners improve their cash flow management, leading to greater profitability.

Here’s How We Help You:

Develop short and long-term cash projections
Analyze prior cash flow statements to identify spending patterns
Prepare monthly, quarterly, and annual cash flow statements
Provide tools to accelerate the collection process
Update your billing and payment policies
Assist in obtaining a line of credit
Help you maximize the return on surplus cash

Avoid a Cash Crisis – Call Delaware Audit First

Proactive cash flow management is essential to the success of any business. Let Delaware Audit help you stay ahead of potential cash flow challenges.

CONTACT OUR TEAM

Advisory Services

Business Planning: The Foundation of Future Success

In a Competitive World, Planning Is Key to Staying Ahead

In today’s fast-paced and competitive environment, many businesses are facing unprecedented challenges. If you're finding yourself spending more time on human resource issues, payroll tax compliance, and sales tax than on growing your business, you’re not alone.

Feeling Stuck? Delaware Audit Can Help.

With our extensive experience in business planning, Delaware Audit ensures that business owners like you have the insights and strategies needed to remain competitive and secure financial stability for the long term. We combine industry expertise with proven solutions to build a solid framework for your company’s success. Even better, by leaving the business planning to us, you can focus on what you do best—running your business.

Our Business Planning and Advisory Services Include:

Strategic growth planning
Performance metrics
Review and evaluation of internal controls
SAS 112 compliance
Business valuations and due diligence
Budget and cash flow analysis
Business entity selection and restructuring
Financial projections and forecasts
Debt and financing assistance
Business expansion and acquisition analysis
Evaluation and implementation of accounting software

Start Planning for Success Today

Now, more than ever, you need a trusted advisor by your side to help you navigate challenges and plan for your business's future success. If you're ready to turn today’s obstacles into tomorrow’s opportunities, contact Delaware Audit today.

CONTACT OUR TEAM

Internal Controls

Mitigating Risk and Protecting Your Business From Fraud

Every Business Faces Risk – Let Delaware Audit Help You Mitigate It

Risk is a reality for every business, but with an effective system of internal controls in place, that risk can be significantly reduced. However, managing these controls in-house can be challenging for business owners who are focused on running their operations, managing employees, and driving profits.

Effective Internal Control Systems Tailored to Your Business

At Delaware Audit, we specialize in helping businesses create and implement internal control systems designed to prevent fraud, ensure regulatory compliance, and promote efficient business operations. We work closely with your company to identify weaknesses in your current controls, test their effectiveness, and provide actionable recommendations to strengthen your systems based on your specific business needs.

What We Do for You:

Segregation of Duties: We recommend dividing responsibilities to ensure no single person has control over all financial transactions.
Transaction Authorization: We ensure that all transactions are authorized by individuals with the appropriate approval authority and that they comply with company policy and available funds.
Record Reconciliation: We ensure that financial records are reviewed and reconciled by someone other than the person who prepared or processed the transactions.
Asset Accountability: We ensure that equipment, inventory, cash, and other property are properly accounted for, secured, and routinely counted and compared to control records.
Employee Training: We provide employees with the necessary training and guidance to fulfill their roles responsibly.
Reporting Channels: We establish proper channels for reporting any suspected fraud or improprieties.
Policy Documentation: We help document policies and procedures and ensure they are easily accessible to employees.
Operational Review: We review your business operations to ensure they align with established goals and are executed as planned.

Don’t Let Employee Fraud Be the Downfall of Your Business

If you're concerned about employee fraud or overall business risk, it may be time to review and update your internal control systems. Let Delaware Audit help safeguard your business from unnecessary risks.

                                                    
                            
                        
                        CONTACT OUR TEAM