Accounting
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 accounting 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. Through periodic internal audits, 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.
Quickbooks
SET-UP & CONVERSION
Although QuickBooks is very easy to use, it takes a bit of expertise and foresight to design the system for maximum benefit and effective control. Moreover, a new system set-up or conversion presents the opportunity to address long-standing gaps, inefficiencies, and annoyances. You don’t do it often, so you might as well do it right!
Although we tailor each engagement to each client’s needs, here is a list of QuickBooks Set-Up services that we offer:
- Enter transactions since the start date using tools to import multiple transaction types and large quantities of data
Assess accounting and reporting requirements
Establish hardware and software specifications
Install the accounting software
Design and implement the chart of accounts, loading balances as of the start date
Record outstanding accounts receivables and payables
Enter ending statement bank balances and outstanding checks, deposits
Compare trial balances from the old and new systems to ensure that all data was transferred correctly
TUNE-UP & TRAINING
A QuickBooks Tune-Up is a great way to prepare for tax time, an important meeting, or a periodic review of your business strategy. In a few short hours, your QuickBooks professional can review transactions, clean up stray entries, balance the general ledger to subsidiary ledgers, and adjust the chart of accounts to reflect changes in your business model. A Tune-Up can help you make better decisions, minimize the ill-effects of undetected errors, and keep money flowing in the right direction,
Whether you’ve engaged us to help with your implementation or you simply need a refresher course on the system, we can provide training on using QuickBooks to manage your business. We conduct sessions at your location and adapt the course content to your set-up and business issues.[No need to spend time on capabilities that you won’t use!] We’ll spend as much or as little time as you need on each topic, and respond to any questions and concerns.
Payroll
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.
There are 5 good reasons for outsourcing this function:
You’ll save money by letting the experts attend to the task efficiency and accurately.
You’ll avoid penalties associated with payroll tax calculation errors or missed filing deadlines.
We’ll handle employee questions and concerns, and research any issues they uncover.
You’ll receive comprehensive reporting to help manage your business and attend to any special requirements.
You’ll gain valuable time to focus on running your business.
We offer three payroll service options to meet the needs of different business owners and non-profit clients. All three services include:
Vacation, sick, and personal day accruals and tracking
IRS and State tax reporting plus Electronic Federal Tax Payment System (EFTPS) deposits
Monthly, quarterly, and annual payroll tax reports
New hire file creation and reporting
W-2, W-3, and 1099 preparation
The service option you choose defines how payments are processed:
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:
Worker's Compensation Audits
Unemployment Claims
Social Security Audits
Child Support Audits
Federal and State registration
Cash Flow & Budgeting
Our firm offers expert cash flow and budgeting analyses that can help you minimize cost overruns, loan discounts, and uncollectable receivables. many of our clients state that these value-added services are indispensable.
Entity Selection & Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, we can help advise you on choosing an entity type and later restructuring if advantageous in conjunction with knowledgeable legal counsel.