Bookkeeping

Most small business owners have more important things to do than bookkeeping such as running the business and generating profits. Unless your business is accounting or bookkeeping, keeping financial records is probably not one of your best skills.

The benefits of outsourcing your bookkeeping services include:

• Reduced overhead
• Avoiding capital expenses
• Improving efficiency
• Getting access to specialized skills
• Saving on training costs
• Avoiding the costs of chasing technology
• Minimize problems and maximize change
• Financial reporting analysis
• Cash flow analysis

Monthly/Quarterly

• Monthly, quarterly, and yearly reporting
• Track & pay sales tax
• Prepare budgets
• Prepare profit & loss statements
• Balance Sheet
• Profit & Loss Statements
• Prior-year Profit & Loss Comparison
• Sales Tax Reports (these can be filed electronically and paid with Electronic Funds Transfer)
• Business Property Tax Report

Payroll Processing

We specialize in personalized service! We will do everything in our power to service your account efficiently and accurately. We can take care of your Workers Compensation reports and audits in addition to the other reports that are required of employers. High Quality at Affordable Prices. Please call our office (888) 298-1315. or email us with any of your questions, problems, and needs!

• Direct Deposit allows us to electronically transfer your employee's
  pay into any financial institution so they have access to those funds on payday.
• Pay checks and stubs. A pay voucher only (if desired).
• Direct Federal and State Tax Deposit (EFTPS & EFT).
• Current and Year-to-Date earnings summaries.
• Detailed report of deposit requirements.
• Vacation and sick leave accruals reporting (PTO - Paid Time Off)
• Garnishment processing and reporting.
• Earnings register for prepaid and void checks.
• Individual earnings record on any calendar/fiscal basis.
• Special earnings and deductions processing.
• Check register on any calendar/fiscal basis.
• Workers Comp report on any calendar/fiscal basis.
General ledger summary (to record payroll info into bookkeeping).
• Net-to-gross computation (to gross up bonuses, etc).
• Void a check (cancel an outstanding check anytime in year).

Live Payroll/After The Fact

Do you prefer the flexibility and control of processing the payroll yourself? Do you prefer to take responsibility for filing and paying your payroll taxes with signature-ready forms? Then live payroll is for you.

• Enter payroll data on a daily, quarterly, monthly or paycheck basis.
• Automatically calculate wages based on the employee’s annual salary or hours worked and hourly rate.
• Automatically calculate federal withholding, state withholding, local withholding,
  Social Security, Medicare, and other payroll deductions.
• Import QuickBooks® after-the-fact paycheck data to save data entry time.
• Process live payroll or enter paychecks after-the-fact.
• Print real returns and paychecks in minutes with an intuitive and easy-to-use interface.

Record Keeping

Maintaining paperwork trails these days can be overwhelming. No doubt it deprives business owners of valuable time that can be better spent growing the business not drudging through red tape. It's all about working smarter, not harder. It pays to outsource your financial services to someone that you trust and who specializes in that area. Your valuable time is better spent selling your product, meeting with customers and working out more efficient ways of producing and growing your business. No business should spend their nights and weekends shuffling compliance papers and stressing about deadlines when Sterett Services is here for you. Call Layne or Dana today.

Maintenance

• Create customer invoices & statement
• Enter & pay bills
• Bank Reconciliations
• Reconcile credit card accounts
• track inventory
• Time & expense tracking

Processing Reports

We prepare monthly management reports (paper and/or electronic) that include financial statements, and comparative Profit and Loss and budget analysis, providing you with a clearer assessment of your business financial situation. Up-to-date financial reports allow you to make informed decisions about where your businesses financial strengths and weaknesses are giving you the luxury of planning ahead to avoid a financial crisis.