Accounting_Audit

Bookkeeping and Payroll Services

If you are a new or start up business, don’t have full-time internal accounting staff, or you would prefer to devote the majority of your time and energy to the overall management of your business, MichaelSilver can assist by managing your bookkeeping and payroll activities. You can rely on us to structure and deliver to you the all-important financial documents and files, allowing you to focus on the growth and success of your business and your employees.

Our team of highly-trained and experienced bookkeepers and payroll specialists can provide a wide range of value-added services, including the maintenance, timeliness, and accuracy of your accounting files and records. Whether you are currently using QuickBooks™, Peachtree, or any other desktop-based or virtual software, or if you need assistance creating and organizing these critically important files and records, we can help identify and deliver the optimum solutions.

Bookkeeping

Our team is proficient with the most commonly used software and can provide these services:

  • Real time and after-the-fact bookkeeping assistance 
    • Record cash receipts
    • Prepare cash disbursements and other financial information
    • Create general ledger, trial balance, and financial reports/statements
  • Manage accounts receivable process 
    • Customer invoicing, receiving, and payment recording
    • Make deposits
    • Manage collections
    • Reconcile ending accounts receivable to the subsidiary records
  • Manage check-writing and bill-paying and perform general accounting
  • Perform trust accounting, including tracking investment transactions and balances
  • Reconcile monthly bank accounts and records, and tie out balances to subsidiary ledgers
  • Prepare monthly, quarterly, or annual sales tax returns, and train your staff on 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
  • Perform sensitive payroll calculations, including executive and officer compensation and bonuses

QuickBooks™

MichaelSilver's team can remotely manage many of your routine, but necessary, monthly closing activities, including recording standard journal entries and reconciling bank accounts. We can also:

  • Set up and establish: 
    • A chart of accounts
    • Names of customers and vendors
    • 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-annual review of files/reports and for monthly bank reconciliations
  • Provide employee software training

Questions?

To learn more, please contact MichaelSilver's Bookkeeping and Payroll Services Group leader, Jennifer A. Barliant, CPA, CGMA, Managing Partner, at 847-982-0333 or contact us.