At Prax, we are committed to understanding you and your business and building a professional working partnership that allows us to add long-lasting value. Our accounting services support your specific business goals as well as help your business to become more profitable.
Our clients range from small to mid-sized businesses throughout the country. Our experienced team based out of Columbia, Maryland will ensure your accounting is done accurately and in compliance with federal and local tax laws.
In order to make strategic decisions, business leaders must rely on accurate historical financial records. This requires consistent maintenance of the accounting books and systems. Many clients come to us with a backlog of data entry, errors they don't understand or can't correct, past-due tax returns, and more. They're unable to make informed decisions, which further handicaps their ability to grow profits.
Our clean up service brings your books up to date and gives you a complete view of your financial history, allowing for more effective decision-making.
Meticulous bookkeeping is the most critical and fundamental component of any accounting system. Recording and classifying transactions is a time-consuming process - time that should be spent on revenue-generating tasks. While many programs claim to streamline this with AI automation, without a trained bookkeeper to oversee the process, posting automated data can quickly create more problems than it solves.
We provide full-cycle bookkeeping that either works with your existing systems or improves upon them. Maintaining accurate records of your day-to-day business activities frees up invaluable time and allows you to focus on other areas essential to your business' growth.
Ever-changing payroll legislation, complicated regulations, employee turnover, and HR compliance can be a challenge to keep up with. Additionally, consistent time tracking is a vital source of data that is often undervalued. We'll design and implement a timetracking and payroll process that works with your needs while simplifying data sourcing for analytics.
We offer fully managed payroll and related services, including the personal touch of a dedicated team member for employee inquiries and updates. Regardless of your company size or industry, our payroll solutions will help save you headaches and come with our peace-of-mind guarantee.
The next step! As your Controller, we'll develop accounting procedures & manuals, generate clean and accurate monthly financial statements, and review your numbers in depth with you each month. Our hands-on process looks for red flags and resolves any challenges the bookkeeping team faced that month.
Our outsourced controller services provide timely insight and expert advice that drives you towards achieving both your short and long-term business goals.