Frequently Asked Questions

At SunriseLedger.com, we believe in transparency and empowering our clients with knowledge. Below you’ll find answers to common accounting, bookkeeping, and tax questions from business owners across Long Island and beyond.

What does an accounting firm like SunriseLedger.com do?
SunriseLedger.com provides complete financial management services including accounting, bookkeeping, payroll, financial reporting, and CFO consulting. We help business owners simplify their finances and make confident, data-driven decisions.

How do I know if my business needs an accountant?
If your financial reports are unclear, your books are behind, or you spend too much time managing paperwork, it’s time to work with an accounting professional. We provide structure, accuracy, and financial insight so you can focus on growing your business.

What accounting software do you support?
We specialize in QuickBooks, Oracle NetSuite, Sage Intacct, Connectwise, Xero, and Power BI, helping clients implement and optimize their systems for better performance and reporting.

What’s the difference between bookkeeping and accounting?
Bookkeeping records day-to-day financial transactions, while accounting interprets that data through financial statements, analysis, and forecasting to help guide business decisions.

How often should I update my books?
We recommend updating and reconciling your books monthly for accuracy and insight. Regular bookkeeping ensures your records are current for tax filing and management review.

Can you help with payroll and 1099 compliance?
Yes. We offer payroll management, multi-state filings, and 1099 reporting to ensure compliance and accuracy for your team and contractors.

Does SunriseLedger.com prepare tax returns?
We provide tax-ready financial statements and prepare for returns to ensure accuracy and compliance.

How can I check the status of my tax refund?
You can track your refund status directly on the IRS website here:
https://www.irs.gov/wheres-my-refund

What records should I keep for tax purposes?
Keep receipts, income statements, payroll reports, and bank statements for at least three years. We can help you set up a digital filing system for easy access and compliance.

What is a Fractional CFO?
A Fractional CFO offers high-level financial expertise on a part-time basis. It’s ideal for growing businesses that need strategic guidance without the full-time cost.

How can a CFO service help my business?
Our CFO services help manage cash flow, build budgets, analyze profitability, and prepare for expansion. We act as your financial partner, providing insight beyond basic bookkeeping.

Do you help new businesses set up accounting systems?
Yes. We assist with entity setup, chart of accounts design, and software implementation so your books are accurate from day one.

Can you help my business prepare for financing or investors?
Absolutely. We prepare clean financials, forecasts, and KPI dashboards to support loan applications, investor meetings, and growth planning.

What industries do you specialize in?
We serve construction, manufacturing, distribution, architecture, engineering, real estate, retail, e-commerce, and professional service firms across Long Island and New York.

Helpful Links:

• IRS Where’s My Refund
  https://www.irs.gov/wheres-my-refund
• IRS Small Business and Self-Employed Tax Center
  https://www.irs.gov/businesses/small-businesses-self-employed
• New York State Department of Taxation and Finance
  https://www.tax.ny.gov/
   

Our team is here to help.
Contact info@sunriseledger.com or (631) 392-8089 to schedule a consultation.