BOOKKEEPING AND PAYROLL SERVICES DONE RIGHT

Keeping Your Books in Balance, Your Business on Track

BOOKKEEPING AND PAYROLL SERVICES DONE RIGHT

Keeping Your Books in Balance, Your Business on Track

BOOKKEEPING DONE RIGHT

With years of experience in bookkeeping and payroll services, our team of dedicated professionals understands the intricacies of accurate financial record-keeping. We pride ourselves on providing meticulous attention to detail, ensuring that every transaction is accounted for and recorded accurately.

OUR SERVICES

Recording Financial Transactions

  • Accurately record and categorize all financial transactions, such as sales, purchases, expenses, and payments, into appropriate books or accounting software.

  • Ensure proper documentation and organization of financial records, including invoices, receipts, and supporting documents.

  • Apply double-entry bookkeeping principles to maintain balanced and accurate accounts.

Reconciling Accounts

  • Perform regular bank reconciliations to compare bank statements with the company's financial records, identifying any discrepancies and ensuring the accounts are balanced.

  • Reconcile other accounts, such as credit cards, loans, and vendor statements, to ensure accurate and complete financial information.

  • Investigate and resolve any discrepancies or errors in account balances, ensuring data integrity.

Managing Accounts Payable and Receivable

  • Maintain accounts payable records, including tracking and organizing vendor invoices, verifying payment terms, and preparing payments for approval.

  • Monitor accounts receivable, issuing invoices to customers, tracking outstanding payments, and following up on overdue accounts.

  • Coordinate with vendors and customers to resolve payment or billing issues, maintaining good relationships and timely financial transactions

Generating Financial Reports

  • Prepare accurate financial reports, such as income statements, balance sheets, and cash flow statements, summarizing the company's financial performance.

  • Analyze financial data to identify trends, patterns, and variances, providing insights to aid in decision-making and financial planning.

  • Customize reports to meet specific reporting requirements or provide relevant financial information to stakeholders.

Ensuring Compliance

  • Maintain compliance with financial regulations, tax laws, and reporting requirements, ensuring accurate and timely filings.

  • Assist in the preparation and submission of tax returns, providing necessary financial data and documentation.

  • Stay updated on accounting standards and changes in financial regulations to ensure adherence and compliance.

Payroll

  • Calculate and process employee wages, salaries, commissions, and bonuses accurately and on time.

  • Deduct and withhold appropriate taxes, including income tax, Social Security, Medicare, and any other applicable payroll taxes.

  • Maintain accurate payroll records, including employee details, earnings, deductions, and tax withholdings, ensuring confidentiality and compliance.

  • Prepare and distribute paychecks or initiate electronic transfers to employees, providing detailed pay stubs outlining earnings, deductions, and net pay.

  • File required payroll tax reports, remit payroll taxes to government agencies, and distribute annual tax forms such as W-2s to employees.

OUR SERVICES

Recording Financial Transactions

  • Accurately record and categorize all financial transactions, such as sales, purchases, expenses, and payments, into appropriate books or accounting software.

  • Ensure proper documentation and organization of financial records, including invoices, receipts, and supporting documents.

  • Apply double-entry bookkeeping principles to maintain balanced and accurate accounts.

Reconciling Accounts

  • Perform regular bank reconciliations to compare bank statements with the company's financial records, identifying any discrepancies and ensuring the accounts are balanced.

  • Reconcile other accounts, such as credit cards, loans, and vendor statements, to ensure accurate and complete financial information.

  • Investigate and resolve any discrepancies or errors in account balances, ensuring data integrity.

Managing Accounts Payable and Receivable

  • Maintain accounts payable records, including tracking and organizing vendor invoices, verifying payment terms, and preparing payments for approval.

  • Monitor accounts receivable, issuing invoices to customers, tracking outstanding payments, and following up on overdue accounts.

  • Coordinate with vendors and customers to resolve payment or billing issues, maintaining good relationships and timely financial transactions

Generating Financial Reports

  • Prepare accurate financial reports, such as income statements, balance sheets, and cash flow statements, summarizing the company's financial performance.

  • Analyze financial data to identify trends, patterns, and variances, providing insights to aid in decision-making and financial planning.

  • Customize reports to meet specific reporting requirements or provide relevant financial information to stakeholders.

Ensuring Compliance

  • Maintain compliance with financial regulations, tax laws, and reporting requirements, ensuring accurate and timely filings.

  • Assist in the preparation and submission of tax returns, providing necessary financial data and documentation.

  • Stay updated on accounting standards and changes in financial regulations to ensure adherence and compliance.

Payroll

  • Calculate and process employee wages, salaries, commissions, and bonuses accurately and on time.

  • Deduct and withhold appropriate taxes, including income tax, Social Security, Medicare, and any other applicable payroll taxes.

  • Maintain accurate payroll records, including employee details, earnings, deductions, and tax withholdings, ensuring confidentiality and compliance.

  • Prepare and distribute paychecks or initiate electronic transfers to employees, providing detailed pay stubs outlining earnings, deductions, and net pay.

  • File required payroll tax reports, remit payroll taxes to government agencies, and distribute annual tax forms such as W-2s to employees.

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Gables Bookkeeping Group

(305) 219-3027