Bookkeeping and Accounting of Florida provides full payroll services that can be processed in your existing QuickBooks, another accounting system, or externally. We manage all direct deposits, taxes, and filings for your organization and save you money and time.
If you are trying to track different segments of payroll for your business reporting and see which segment of business produces best results, we can help you design reports to make it easy. Most business owners want to know which payroll costs are direct and which are overhead. We can help you design the chart of accounts that will accommodate those requirements and payroll will be charged to those accounts.
If you are trying to do job costing, you know it’s very time-consuming to separate payroll costs to charge them to a particular job. Processing payroll in your accounting system simplifies your accounting and makes it easier to accomplish your goals.
Payroll could be one of the biggest expenses for your business. If you are a medical practice or consulting company with employees, it will certainly be the case. Requirements for payroll reporting and HR laws change annually and as the business owner, you may not be aware of the changes. There are alternatives to our services; however, we are more efficient and our work is of better quality than all others. Additionally, we work directly with you on each payroll to make sure you are satisfied with our services.
If you cannot obtain Workers Comp insurance, leasing companies could be an option, but the cost of leasing employees is outrageous and can be up to 5–10% of your total payroll costs. On the other hand, payroll-processing companies are not as responsive to your specific needs. They generally charge high fees, especially at the year-end, which is the worst time to pay extra expenses. Their average per payroll cost for a small company with fewer than five employees will cost you over $75.00 plus the fees for quarterly reports and year-end reports. Those costs can easily add up to over $4,000.00 per year for a small company and go up by $10.00 per employee on average per week. Those costs do not include the time and expense of entering the payroll information into your accounting system which takes additional time. Choosing our payroll services for small businesses is the superior option.
Bookkeeping and Accounting of Florida will help you with payroll processing and human resources and allow you to concentrate on what you do best. We will save you time and money and keep you in compliance with taxes, filings, and HR. Our firm will also assist you with workers’ comp audits, liability insurance audits, and 401K reporting and audits.
Give us a call and see how easy it is to have all the information at your fingertips when it comes to payroll services.