Wright Accounting Solutions LLC

We provide accounting management solutions to small service-based businesses. Discover why Wright Accounting Solutions is a trusted firm within the community.

Selecting a trustworthy business partner to consult with can help you keep your business organized. Small business owners should have access to exceptional accounting and bookkeeping solutions that fit their needs. We provide bookkeeping management solutions, managed payroll, HR consulting, and stellar customer service to small service-based businesses in different industries.

Timeline photos 02/03/2023

The biggest reason that businesses fail isn’t money, but poor planning.

Another reason businesses fail is because of inadequate funding. If you don't have enough financing, your business can and likely will fail.

Luckily, there are resources available to gain funding and improve your cash flow. We are here to help!

Schedule a free analysis today to see how you can take charge of your business.
https://schedule.wrightaccountingsol.com/analysis

Timeline photos 02/01/2023

We get it. You are busy working IN your business, so it's hard to work ON your business.

You are busy making sure you fulfill all of your customer's needs in order to get the job done right, so sending that invoice seems like the least of your problems!

This is exactly why we recommend having a system in place to ensure your customers are billed (and pay) regularly.

Need more support?

Schedule a free analysis today to see how you can take charge of your business 👉
https://schedule.wrightaccountingsol.com/analysis

Timeline photos 01/30/2023

When funds are tight, do you have access to enough capital to help keep your business up and running?

The skills in managing those funds are just as important. You need to make sure that the person managing money isn’t spending too much but is also spending enough to keep the business running correctly.

This is exactly why we offer Consulting Services. As a business owner, you have so much to manage. By outsourcing your CFO needs, you can stay focused on income producing activities to ensure you business can stay up and running!

To schedule your free consultation, visit our website at https://wrightaccountingsol.com

Timeline photos 01/27/2023

Do you have separate accounts for your business?

You should always keep your personal and business finances completely separate. This way, you can be sure that any money isn't going towards things like entertainment or vacations with expenses charged on the company's account rather than yours personally so there are no surprises when it comes time to file taxes at year end!

Need help managing all of your finances? Schedule a discovery call or send us a DM to learn more.

Timeline photos 01/25/2023

As the owner and founder of Wright Accounting Solutions, Nicole Dixon is equipped with over 20+ years of experience in the finance and accounting industry with a specialization in government accounting.

In addition to her experience, Nicole has earned her MBA, certificate in taxation, as well as being a QuickBooks Certified ProAdvisor.

By helping keep your books in order, you can spend you time and energy growing your business!

Let's connect to learn more how we can help you grow! Schedule a discovery call at https://schedule.wrightaccountingsol.com/analysis

01/23/2023

We firmly believe business owners should have options, which is why building their businesses on a solid foundation is essential.

We firmly believe business owners should have options, which is why building their businesses on a solid foundation is essential.

We're here to help ensure your finances are a strong pillar of your business so you can have options!

Schedule a discovery call on our website or send us a DM today!

01/20/2023

When you're running a business, it's tempting to put all of your money into running the day-to-day operations.

When you're running a business, it's tempting to put all of your money into running the day-to-day operations. However, don't forget to pay yourself! Many business owners overlook their own role in their company but it's important to ensure both your business and personal finances are healthy!

We know how overwhelming this can feel, especially if you are a new business owner. This is why we firmly believe that having a healthy relationship with your books and knowing your numbers can help ensure you're able to pay yourself and grow your business!

Need help making sure you get paid in 2023? Let's chat. Send us a DM or schedule a discovery call on our website now.

Timeline photos 01/19/2023

We're hiring!

Are you an accounting associate looking for a new opportunity?

If you are a self-starter who is eager to learn and is looking for a great opportunity to grow your skills and career, then this is the perfect position for you!

Learn more at https://forms.gle/6xgWD2v7qCuExKs67

Timeline photos 01/18/2023

Does this sound familiar? You started your business, hit the ground running, wearing all of the hats, doing all of the things, and the energy that initially fueled you is starting to wane? If so, it is time to delegate!

Our Standard Bookkeeping program may be for you. Here's what is included:

◼️ Import/Classify Transactions Weekly (up to 200 Transactions Monthly)
◼️ Up to 10 employees/Subcontractors
◼️ Monthly Reconciliation up to 3 Bank/Credit Card Accounts
◼️ Reconcile Loans
◼️ Manage and file 1099s
◼️ Paperless Payables - Supplier invoices and receipts imported via online software
◼️ Preparation of monthly financials (Balance Sheet and Profit & Loss Statement)
◼️ Access to Secured Portal to upload and manage documents
◼️ Year-End Package for Tax Preparation
◼️ Unlimited email and/or phone consultation support

To learn more or schedule a free bookkeeping analysis, visit https://wrightaccountingsol.com/bookkeeping-services/

Timeline photos 01/16/2023

As the owner and founder of Wright Accounting Solutions, Nicole Dixon is equipped with over 20+ years of experience in the finance and accounting industry with a specialization in government accounting. In addition to her experience, Nicole has earned her MBA, certificate in taxation, as well as being a QuickBooks Certified ProAdvisor.

She believes that when small business owners have a clear understanding of their finances, they are empowered and can continue to grow and thrive!

What are you passionate about?

Timeline photos 01/16/2023

Martin Luther King Jr. truly walked by faith. His work changed our world and I am grateful.

MLK Day is the only federal holiday designated as a National Day of Service to encourage all Americans to volunteer to improve their communities.

If you know of opportunities for people to volunteer in our community, please tag them below so others can find ways to help this year!

01/13/2023

What is the number one reason small businesses go bankrupt?

What is the number one reason small businesses go bankrupt?

You might think it's a lack of profit but it's actually a lack of cash.

When you start a small business, one of the biggest concerns is whether you can turn a profit. Most business DO turn a profit; however, it is often the lack of planning and proper money management that leads to issues with cashflow. Bookkeeping and proper planning can help keep your cash flowing!

We want to see your business thrive! How can we support you?

📞Schedule a complimentary bookkeeping analysis call at https://wrightaccountingsol.com/contact/

Timeline photos 01/11/2023

Are you getting ready to launch a business? Our Start-Up Bookkeeping is for you! This 3 Month Plan helps you get your business up and running.

✔️ Import/Classify up to 100 Transactions
✔️ Monthly Reconciliation for 1 Bank Account (Additional fee for Added Cash Accounts)
✔️ Review account transactions and post adjustments
✔️ Preparation of monthly financials (Balance Sheet and Profit & Loss Statement)
✔️ Access to Secured Portal to upload and manage documents
✔️ 30 Minute email and/or phone consultation support

Learn more about our services at https://wrightaccountingsol.com/bookkeeping-services/

01/09/2023

On average, it takes 90 days to onboard a new employee and at least a year for them to master their responsibilities.

On average, it takes 90 days to onboard a new employee and at least a year for them to master their responsibilities.

If you're planning to hire employees, know that there will be an adjustment period. If you plan accordingly, you will help build your businesses future success.

Need help forecasting your businesses budget to ensure you can hire employees this year? Send us a message to learn how we can help.

01/06/2023

Salary and wages are the most obvious cost when hiring, but it's not the only cost.

Salary and wages are the most obvious cost when hiring, but it's not the only cost. When hiring your first employee, you have to track and remit payroll taxes and cover worker's compensation. Here is a breakdown of some of the costs:

Social Security: 6.2%

Medicare: 1.45%

Federal Unemployment: 0.9%

State Unemployment: 2.7% for Virginia (as of July 2022)

Worker's Compensation: Amount varies based on industry and location

Benefits & Allowances: Shared cost in health care, retirement, and other fringes.

It is important to understand these costs to know if you are in a position to hire additional employees. If you need help navigating this process, send us a message!

Timeline photos 01/04/2023

Need help identifying the small leaks in your business? You would be surprised how often those little expenses add up!

Start of 2023 strong by tightening up your finances. Schedule a discovery call now at https://www.wrightaccountingsol.com

01/02/2023

WAS December SM

Small Business Loans: Equity and Debt Financing. Which one is right for you?

Just as every business is unique, so are the various types of small business loans available to you. The right combination of loans can help to move any business from possible success and possible failure into sure success.

As a new business owner, it may be difficult for you to understand exactly what type of financing is the right type for your business. Take into consideration the types of small business loans available to you. Two of the most common choices that you must make a decision about are equity financing and debt financing.

Need help determining which one is right for you? We can help! Schedule a discovery call now at 👉 https://www.wrightaccountingsol.com

Timeline photos 01/01/2023

Happy New Year!🎉🎉🎉

Wishing you and your family continued love and success in 2023!

Timeline photos 12/30/2022

Why are budgets so important?

Below are just SOME of the ways that your budget plays a crucial role in your business. If any of these resonate with you,✨NOW✨ is the time to schedule a discovery call to learn how we can support you and your business in 2023!

- Keep an eye on objectives
- Meet financial goals
- Track expenses and debt
- Make pivotal moves
- Manage cash flow
- Conduct performance reviews
- Prioritize projects
- Prepare for emergencies
- Allocate resources

12/28/2022

WAS December SM2

Do you have inner peace?

When I first start working with business owners, inner peace is not often something that resonates with them!

However, over time, I have seen how managing their finances and having confidence in their business can help promote a healthy work/life balance...leading to more inner peace!

Are you looking for more inner peace in 2023? We are here to help you on your journey! Send us a message to learn more.

Timeline photos 12/26/2022

Happy Kwanzaa!

Hoping Kwanzaa brings you time to enjoy the blessings of family, community and togetherness.

Timeline photos 12/25/2022

✨🎄 Merry Christmas!🎄✨

Love. Happiness. Peace. May these be your gifts this holiday season.

12/23/2022

WAS December SM

How do you know when it's time to hire additional employees?🤔

This list will help you see if it's time!

1. You’re turning away prospective customers.

2. Managing your workload has become challenging.

3. You are struggling to find personal time, take vacations, and are working on the weekends.

4. You need someone with specialized skills (or rather you lack a specific skill set).

If any of these statements resonated with you, it may be time to hire someone.

Need help finding room in your budget? We can sit down and help identify how you can make it happen.

Schedule a discovery call at https://www.wrightaccountingsol.com

12/21/2022

WAS December SM3

Your business is so much more than profit and loss!

I'm passionate about helping business owners with their finances because I know the power our finances play in our success.

When you work with a bookkeeper, you're able to focus on the areas of your business that will ensure your growth, while we ensure its strength!

How can we help you achieve your goals in 2023? Send us a message! We'd love to hear what you have on the horizon.

Timeline photos 12/19/2022

Below are some questions to ask yourself to know if you're able to hire more employees:

- What are the costs involved in hiring an employee?
- Does your business have a substantial cash flow to hire an employee?
- How will you determine the ROI of your employee?

If you need help answering these questions, send us a message. We can help!

Timeline photos 12/18/2022

Happy Hanukkah! Wishing you love and light.

“A little bit of light dispels a lot of darkness.”—Rabbi Schneur Zalman of Liadi

12/16/2022

WAS December SM2

If your business does not have a formal budget, you are inhibiting your company's long term growth and success!

Without a budget, you have no way of measuring your goals or business performance. Also, your bank account does not count as a budget, as it only plays a small role in your financials!

If you need help drafting a budget for 2023, send us a message. We are here to help!

Timeline photos 12/14/2022

Thank you so much, LaTonya! We love supporting local business owners.💜

If you're looking to add professional bookkeeping services in 2023, now is the time to connect.

📞Send us a DM or schedule a discovery call on our website at https://www.wrightaccountingsol.com

12/12/2022

WAS December SM

Did you know I offer Quickbooks online diagnostic reviews?

I'll come back with findings and recommendations for how to move forward to become compliant.

📞Book a discovery call today at https://www.wrightaccountingsol.com/

Timeline photos 12/09/2022

How are you feeling as you close out 2022?

This is when things get real. Business owners are looking at their year end statements and either celebrating or stressing.

As John Rampton says, "Don't let money run your life, let money help you run your life better."

If you need help figuring out how to allow money to run your life (and business) better, schedule a discovery call. I am here to empower you in 2023!

Timeline photos 12/07/2022

Here is your friendly reminder that you want to hire a bookkeeper in 2023! You will save time, money, and energy by delegating your bookkeeping.

It's worth it! You, your business, and your family will thank me. How can we work together in 2023?

Timeline photos 12/05/2022

It's time to reflect and resolve! To prepare for the future, reflect back on the last 12 months. Analyze your business performance by reviewing the following key financial statements:

⭐️The Balance Sheet summarizes a business’s assets, liabilities, and equity at a specific point in time.

⭐️The Profit & Loss Statement outlines the revenue and expenses a business incurred during a specific period, which provides insight into the business’s profitability.

⭐️The Cash Flow Statement provides visibility into when cash flows into and out of a business, and how cash balances have changed over a specific time period.

⭐️Create A Budget & Forecast

⭐️Your Cash Flow: You can use the Profit & Loss Statement to create a budget. The Cash Flow Statement can be used to forecast your cash for the year. Think about the growth goals you want to achieve this year and factor them in your budget and forecast.

⭐️Outsource Your Bookkeeping: Small business owners have multiple responsibilities, one of the most stressful and time-consuming of which is bookkeeping. If you would like to take back 4 to 6 hours a month to focus on growing your business, NOW is the time to outsource your bookkeeping!

As Benjamin Franklin Once Stated “If You Fail To Plan, You Are Planning To Fail“.

So, let's set you up for success! Schedule a discovery call now at https://www.wrightaccountingsol.com/contact

12/02/2022

WAS December SM

Does your business need a Diagnostic Review to ensure your business is set up for success in 2023?

If you are a small business owner using Quickbooks to manage all aspects of your business, THIS is for you!

Our bookkeeping firm will assess your financial records to ensure things are in order and report all findings and recommendations.

Your Diagnostic Review includes a 5 Point Check:
✔️Confirm Books are properly set up.
✔️Review Chart of Accounts
✔️Check Reconciliations Review
✔️Review Balance Sheet Accounts
✔️Review Profit and Loss Accounts

Once your Diagnostic Review is complete, you will have a clear understanding of your bookkeeping and learn additional areas of improvement and support.

To schedule your personalized session, visit https://schedule.wrightaccountingsol.com/analysis

11/30/2022

WAS November SM (10)

Although I can’t technically tell the future, I can learn a lot by studying your finances and make some solid predictions!

By working together, I can help you plan for the future, working towards your big goals, and being prepared for both the expected and unexpected!

We will always expect the best but be prepared for the worst to ensure your business can continue to grow and thrive!

11/28/2022

WAS November SM (9)

December is almost here! It can be such a blurry month with all the holiday festivities, meeting goals, and the necessary accounting activities needed to close out the year.

Get a jump start now! Finalize your Accounts Receivable and Accounts Payable! Read below for some quick tips:

Accounts Receivable

💰Review aged receivables for write-off

💰Follow-up on current and outstanding invoices

💰Send outstanding accounts to collections

💰Calculate Accounts Receivable Turnover Ratio (Use this calculation:
Accounts Receivable Turnover Ratio = Net Sales/Accounts Receivable)

💰Calculate Average Collection Period also know as Days sales outstanding (DSO)
Average Collection Period = 365/Accounts Receivable Turnover Ratio

The longer an unpaid invoice stays on the books, the longer your days sales outstanding (DSO) and less cash flow available. The DSO is a good indicator of your business’ ability to collect on receivables and could affect potential credit or investment opportunities.

Accounts Payable

💰Review accounts payable summary and compare what was paid against accrued

💰Pay any outstanding balance with vendor

Remaining unpaid debt should either be listed as a liability or accrual expense on the balance sheet.

Keeping track of all company debts is crucial to managing your finances effectively.

Need assistance with managing your accounts receivables and payables?
Schedule a bookkeeping analysis call to see how we can help!

11/26/2022

WAS November SM (8)

Small business may be small in size but have big visions and even bigger hearts!

What's your big vision for your small business?

Our vision is to be the leading outsourced CFO team for the service-based small business.

When YOU succeed, we succeed!

How can we help you capture your big vision?

Timeline photos 11/24/2022

Happy Thanksgiving!

We are incredibly grateful for our community.

Timeline photos 11/23/2022

Thank you, Jillian!

Small business owners are some of my favorite people! Their commitment to growth and personal development is so inspiring.

I love working with small business owners who are equally passionate and committed to their businesses as I am to mine!

Iron truly sharpens iron.

11/21/2022

WAS November SM (7)

Time flies when we are enjoying all the holiday festivities! Holiday lunches, dinners, cookies, gift exchanging…whew I can go on. We are just entering the holiday season but it's about to get even busier!

Although it would be fun to check out for the rest of the year, as business owners with employees, it is back to business in making sure the final payroll is accurate and ran on time.

Here are some tips to make sure your last payroll run is smooth:

1. Confirm company information is update if you relocated your office

2. Confirm employee data (Refer to Tip #1)

3. Verify employee benefits, including:
💰Health benefits and imputed wages
💰Retirement plan eligibility
💰Fringe benefits
💰Sick Leave
💰Vacation Leave
💰Deferred compensation

Also, don't forget the end of year extras like bonuses (if any) and appreciating your team!!!

Speaking of bonuses, image how it would feel to bless your employees with a surprise bonus next year? We can help you plan for it in 2023!

Schedule a call now to make sure you are set up for success.

Videos (show all)

WAS November SM (5)
WAS November SM (11)
WAS November SM (3)
WAS November SM (2)
WAS November SM (1)
WAS November SM
Yes!  This is exactly why we go through all of our client's expenses.  Small expenses add up!What small expenses did you...
We are in the final quarter of the year and it is also budget season. To close out Q4 with a BOOM and plan for 2023, tak...
We want our clients to be empowered when it comes to their finances.Reliable and accurate bookkeeping is essential to yo...
Happy National Saving Day!We love helping our clients save money and know that a big part of what we provide is educatio...
How do you know it's time to hire a bookkeeper?If you're asking yourself that question, it's time!Let's connect and see ...

Category

Telephone

Address


Ashburn, VA
20147

Other Accountants in Ashburn (show all)
The KJ Group, LLC The KJ Group, LLC
Ashburn, 20147

We provide Income Tax filing, Bookkeeping, Payroll and services related to Startup Businesses includ

VG CPA PC- Certified Public Accountant VG CPA PC- Certified Public Accountant
44790 MAYNARD Square STE 190
Ashburn, 20147

VG CPA PC, is a professional Certified Public Accountant firms incorporated in Virginia. Our firm pr

Kenneth K. Liu, CPA Kenneth K. Liu, CPA
44081 Pipeline Plz Ste 215
Ashburn, 20147

We advise and strategize with clients to maximize their tax savings and achieve their financial drea

Blue Ridge Tax, Inc. Blue Ridge Tax, Inc.
Ashburn, 20148

Provider of tax services for businesses and individuals. Specialist in IRS problem resolution inclu

CPA Office's Of Sandra CPA Office's Of Sandra
Ashburn, 20148

We are certified Public Accountants and Financial Consultants offering a wide range of services in t

RaviB CPA RaviB CPA
Ashburn, 20147

We help you get the right set up in accounting set-ups, taxes, IRS representations, consulting servi

Tareen Tax Service:     Tax Preparation & Tax Filling Service Tareen Tax Service: Tax Preparation & Tax Filling Service
Ashburn, 20148

Tareen Tax is a full service accounting firm with specialization in all areas of tax including indiv

NOVA Tax Group NOVA Tax Group
20937 Ashburn Road Suite 135
Ashburn, 20147

Professional Tax & Accounting Services for Individuals & Small Businesses

FreshEye Innovative Solutions FreshEye Innovative Solutions
Ashburn, 20147

Offering Business and Strategic Planning, as well Bookkeeping and Financial Analysis services to hel

MAVENTRI MAVENTRI
Ashburn, 20147

MAVENTRI is a dynamic digital firm that supports and enhances small to mid-sized companies with their Accounting+Bookkeeping, Design+Marketing, and HR+Payroll needs.