Accounting_Audit

Client Accounting Services Group

Financial accounting and reporting systems are the backbone of every company. Accurate, timely, and meaningful reporting helps owners and managers lead their companies and teams and assures compliance with local, state and federal tax laws. Our Client Accounting Services Group is here to make sure your systems are properly supporting your goals of creating, maintaining or growing your successful business.

MichaelSilver’s Client Accounting Services Group offers services that give you confidence in your financial records, the comfort that your tax obligations are being met and allow you to dedicate more time to focus on your business. From detailed bookkeeping to more sophisticated analysis and advice, or complete outsourcing of your accounting function, we’ll work together with you to tailor our services to fit your needs. We will work with you at the level that makes sense for you and your business.

Accounting Services / Financial Management

Our team is proficient with most commonly used software such as QuickBooks, Sage / Peachtree and others and can provide these services:

  • Real time and after-the-fact bookkeeping assistance   
    • Record cash receipts
    • Prepare cash disbursements and other financial information
    • Create or review general ledger, trial balance, and financial reports statements, and other reports
  • Manage accounts receivable process   
    • Customer invoicing, receiving, and record payments 
    • Make deposits
    • Manage collections
    • Reconcile ending accounts receivable to the subsidiary records
  • Manage check-writing and bill-paying and perform general accounting process
  • Perform trust accounting, including tracking investment transactions and balances
  • Reconcile monthly bank accounts and records as well as other balance sheet accounts, and tie out balances to subsidiary ledgers
  • Prepare monthly, quarterly, or annual sales tax returns
  • Train your staff on any of these processes and procedures

Payroll

MichaelSilver can deliver external or in-house payroll processing with PayCycle, Intuit’s online payroll service. Specifically, we can:

  • Set up employee payroll and ensure proper tax registrations
  • Manage and process weekly, biweekly, semi-monthly, or monthly payroll
  • Calculate proper payroll withholdings
  • Assist with after-the-fact payroll, including preparation of quarterly and year-end payroll tax returns (submitted online), including year-end Forms W-2, W-3, and 1099s
  • Assist with calculations on special or bonus payroll amount
  • Calculate employee net checks based on hours worked and pay rate
  • Confidential payroll activities - perform sensitive payroll calculations, including executive and officer compensation and bonuses

QuickBooks™ Consulting

Working with QuickBooks Online or any QuickBooks desktop version, our team can manage many of your important monthly closing activities, including recording standard journal entries and reconciling bank accounts. We can also:

  • Set up and establish:   
    • A chart of accounts
    • Customer and vendor detail
    • Item lists for invoicing and payroll purposes
    • Security, passwords, and system preferences
    • Memorized transactions and reports
    • Accrual vs. cash basis statements
    • Budgets
  • Design balance sheet and income statements
  • Perform maintenance, review, and ongoing bookkeeping for monthly, quarterly, or semi-annually and / or annually
  • Provide employee software training

Questions?

To learn more, please contact MichaelSilver's Client Accounting Services Group leader, Harry A. Steindler, CPA, Partner, at 847-982-0333 or contact us.