About Us

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In practice, bookkeeping involves the recording of all financial transactions and other financial operations to track a business’ revenue and spending. Maintaining an organized record of all transactions is an essential process for any business that has to pay taxes, support employees, or even seek funding or loans. For a business to understand how profitable it is, it first needs to understand what it’s brought in from sales and what it spends to stay afloat. As you’re looking for outsourced bookkeeping services, look for the following:

• Recording customer payment and invoice collections

The most common way of receiving payment for goods or services is through credit card transactions and invoices. Good bookkeeping services will take over the responsibility of processing and recording those transactions.

• Reconciling bank & credit card accounts

Bookkeepers should compare bank statements with their own records to pinpoint any discrepancies or missing money. This is a vital component to ensuring that every dollar is accounted for, which can be a long and tiresome process for business owners after a busy month.

• Maintaining Accounts Receivable 

Tracking and recording customer invoices is a standard bookkeeping service that accounts for due, past-due, and even paid debts for your rendered services. In theory, every business would be diligently keeping track of these but if business gets busy it’s not difficult to understand how some invoices may become neglected or fall through the cracks entirely.

Payroll services can be an overwhelming process to do alone as it can be very time-consuming and hard to understand. When you outsource the Payroll services you are able to have trained professionals to consider the needs of employees, your business, and legal requirements. Payroll services are the outsourced management of compensation for employees in an organization. 

A list of business Payroll Services includes: 

• Processing employee hours
• Cutting checks
• Depositing funds
• Make sure all employees are paid correctly and on time. 

Employees benefit from having payroll services as they will be able to have customer support and a specific contact person to support any and all of an individual’s unique needs. With Full-service Payroll, tax filing, and tax payments, payroll is processed in minutes with taxes calculated and paid automatically for you. Forms such as the W-2 and 1099 are completed and automatically sent to your employees.

Payroll services must determine a process to achieve those services and help you answer major questions that impact your payroll each pay period. These questions include:

• Pay schedule: When will you pay employees? Will your payday be weekly, biweekly, or semimonthly?
• Types of employees: Are your employees full-time vs part-time? Are your employees exempt vs nonexempt?
• Time Tracking: Do your employees need to track work hours? If so, how will you do it and when will they need to be reported to you?
• Benefits: Will you be offering health benefits such as health insurance, retirement plans, and workers’ comp for your employees? Who will pay for them? If employees are paying for them partially or in full, how will you manage the payroll deductions?
• Tax Filing: How often will you need to pay payroll taxes, and which ones are you subject to? Will you need to pay state taxes? Local? Who will find out the rates in advance so you know how much to withhold?
• Payroll processing and calculations: Will you calculate and process payroll using Excel, by hand, with a calculator, or with a payroll service?
• Paychecks: Will you be cutting checks or paying via direct deposit? Pay cards? Cash?

When you introduce a payroll service provider to your system, you have answers to all your questions. It takes back the daunting project from the business owner and ensures accuracy.