You may contact us by filling in this form any time you need professional support. We will be there for you whether you need prompt tax preparation or looking for general business advice. We can save your time and hassle by ensuring your self-assessment tax return. Use this type of entry if you have to adjust an employee’s pay. For example, you’d use a manual entry if you recently promoted an employee or let someone go.

Our bookkeeper offers recurrent services to businesses in need of ongoing support, as well as one-time a la carte services customized to meet the needs of entrepreneurs. Intuit Payroll is a payroll software ideal for bookkeepers who want a significantly faster payroll process. It offers tools that allow for a 24-hour direct deposit with unlimited payroll runs that speeds up the distribution of paychecks.

What Payroll and Bookkeeping Services Do We Offer?

You may have employees who earn overtime at a rate of time-and-a-half or even double time. You may need a payroll service or payroll software—and likely even a time tracking software—to manage that. Then employees receive their paychecks for that pay period on January 17. Until you pay employees, those wages are a liability because it’s money you owe.

Wade Lindenberger is a CPA with over 20 years of financial accounting and management experience in public accounting and private industry. He is currently Director of Finance and Administration for New Children’s Museum. Before his current position, he worked as the National Finance and Accounting Service Line Leader for Premier Alliance Group, a national professional services firm. Wade was also Director of the Finance and Accounting service line for the San Diego office of a global, publicly held professional services firm. Before becoming a consultant, Wade was Divisional Controller for one of the leading health and fitness club chains in the world. He has also been Internal Audit Manager and Divisional Controller for a division of a Fortune 500 global energy project management company.

Examples of payroll expenses

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. A third aspect of accounting involves income tax reporting, and must be done in compliance with government regulations. Bookkeepers handle the recording aspect of all accounting processes, accountants bookkeeping for startups handle all parts of the accounting process. Doing payroll by hand is the most time-consuming and requires someone learning how to do payroll, and that person is called a bookkeeper. Knowing the difference between them can help you save a lot of time and money when searching for an individual or firm to handle your finances.