Bookkeeping & Payroll Services

Small Business Financial Records

Businesses of all shapes and sizes depend on accurate, insightful financial information to manage their day-to-day operations, capitalize on opportunities, and sustain profitability. We lend our expert support to meet your needs so that you can focus your time and energy on building a strong business.

Bookkeeping

We’ll create and maintain a chart of accounts to capture all of your financial transactions, provide the right information to manage your business, and prepare federal, state, and local tax returns. We’ll identify and resolve discrepancies (e.g., double billings, unrecorded payments) to ensure that you have a complete and accurate picture of your financial position.

Bank Reconciliation

While a clean set of “books” is a key objective for every business, it’s also important to match the records with the monthly bank statements. Our bank reconciliation services ensure that every deposit and withdrawal aligns with entries into your financial records. This assessment enables us to identify lost deposits, lost checks, unauthorized transactions, and inappropriate bank fees. It triggers investigation into any fraudulent activity (identity theft, forgery, embezzlement, etc.), and expedites restitution. And it gives you a clearer picture of your cash position for addressing planned outlays and investments.

Financial Statement Preparation

We can prepare a complete set of financial statements to help you assess the health of your business. This package includes:

1. A Balance Sheet that gives you a snapshot of your overall financial condition at month, quarter, and/or year end

2. An Income Statement (a.k.a. Profit and Loss Statement) that summarizes revenues, expenses, and net profits so you can assess the operating performance of your business

3. A Comparison of Actual Performance to Budget so you can identify trouble spots in your revenue stream or spending patterns

4. A Cash Flow Statement that shows how changes in your Balance Sheet and Income Statement affect your available cash

5. Estimated tax liabilities

Payroll Services

Managing the employee payroll is not a simple matter of calculating the amounts due, writing checks, and handing them out. There’s a host of government reporting and recording keeping requirements that comes with the job. And there are adverse consequences if you get it wrong.

We offer three payroll service options to meet the needs of different business owners.

All three services include:

1. IRS and State tax reporting plus Electronic Federal Tax Payment System (EFTPS) deposits

2. Monthly, quarterly, and annual payroll tax reports

3. New hire file creation and reporting W-2, W-3, and 1099 preparation

Service Options:

Comprehensive Payroll Processing Service: 

We manage the secure check processing and direct deposits

After-the-Fact Payroll Service: 

You process all of the payments, and we post your payroll records and information into our data system and handle all of the other payroll functions.

Online Payroll Processing: 

We provide access to our payroll system to enable you to enter employee hours and earnings. You print the payroll checks on your printer, and we process the direct deposits.

We can also provide ad-hoc services, such as:

1. Monthly Sales Tax Report Filing

2. Worker's Compensation Audits

3. Liability Audits

4. Annual License Renewals

5. Annual Corporate Registration Renewal

6. Annual Occupational / Personal Property Tax Report Filings