Bookkeeping Services
Looking for a specific Bookkeeping service of ours?
Bookkeeping Services
Monthly and Year-End Bookkeeping
Innovation Bookkeeping offers a comprehensive monthly and year-end bookkeeping service designed to streamline your financial operations and provide valuable insights into your business's performance. Our dedicated team of experienced professionals will handle all aspects of your bookkeeping, ensuring accurate and timely financial information.
Bookkeeping Service Details:
• Accurate and efficient recording of all financial transactions.
• Reconciliation of bank and credit card accounts.
• Preparation of monthly financial statements.
• Manage your Chart of Accounts, Balance Sheet, Profit and Loss, and Cashflow to provide a clear understanding of your financial health.
• Develop and implement tailored bookkeeping procedures to improve efficiency and consistency.
• Monthly or quarterly meetings to review financial performance and address any concerns.
• Handling of administrative tasks, such as file management, scheduling meetings, client communications, etc.
• Monitor accounts payable and receivable to optimize cashflow and minimize late payments. (A/P and A/R Management services may be included as an Add-On - See Below)
Year-End Tax Preparation Support:
• Close collaboration with your CPA to ensure a smooth and efficient year-end tax preparation process.
• Increased efficiency and accuracy in your financial operations.
• Improved financial visibility and control.
Benefits of Our Services
• Enhanced decision-making capabilities.
• Reduced stress and time spent on bookkeeping tasks.
• Professional support from experienced bookkeepers.
Bookkeeping Add-Ons Available - For a Full Service Accounting Department
Payroll Management
We offer an all-inclusive payroll processing service designed to streamline your payroll operations and ensure accurate and timely compliance with federal, state, and local tax regulations. Our experienced team will handle all aspects of your payroll within your existing third-party payroll platform, providing you with peace of mind and freeing up your time to focus on other critical business tasks.
• Accurately enter and verify employee data.
• Calculate and process payroll for up to 20 employees.
• Track and calculate accrued vacation, sick time, and other benefits.
• Ensure direct deposit payments are processed accurately and timely.
Payroll Service Details:
• Organize employee/contractor onboarding procedures.
• Review your payroll tax calculations and filings to ensure accuracy, timely submission, and manage any errors that may arise.
• Prepare and file Forms W-2 and W-3 electronically.
• Stay compliant with ever-changing regulations.
• Peace of Mind knowing your payroll is managed by professionals.
• Time Savings.
• Increased efficiency and accuracy.
Benefits of Our Services
Accounts Payable Management
Our Accounts Payable Management service is designed to streamline your vendor payments and minimize errors. Our team will handle all aspects of your accounts payable process, from creating bills to reconciling vendor payments. We will also work closely with you to manage any billing issues or concerns and ensure that your third-party billing platforms or software are integrated seamlessly with your accounting software.
A/P Service Details:
• Bill creation and processing.
• Vendor payment recording and reconciliation.
• Management of bill and payment issues or concerns.
• Integration with third-party billing platforms or software.
• Ensuring accurate software sync.
• Regular reporting and analysis.
Benefits of Our Services
• Save Time by delegating A/P tasks to our experienced team.
• Peace of Mind knowing that your A/P tasks are being managed by professionals.
• Reduce errors and ensure accurate vendor payments.
• Streamline your A/P process and improve cashflow.
Our Accounts Receivable Management service is designed to streamline your customer invoicing and payment collection processes. Our team will handle all aspects of your AR, from creating invoices to reconciling customer payments. We will also work closely with you to manage any invoicing or payment issues and ensure that your third-party invoicing platforms or software are integrated seamlessly with your accounting software.
Accounts Receivable Management
A/R Service Details:
• Invoice creation and processing.
• Customer payment recording and reconciliation.
• Management of invoice and payment issues or concerns.
• Integration with third-party invoicing platforms or software.
• Ensuring accurate software sync.
• Regular reporting and analysis.
Benefits of Our Services
• Save Time by delegating A/R tasks to our experienced team.
• Peace of Mind knowing that your A/R tasks are being managed by professionals.
• Accelerate customer payments and reduce late fees.
• Provide timely and accurate invoicing to improve customer satisfaction.
Business Compliance
We offer full annual and quarterly compliance services for: License Renewals, Business Property Taxes, Sales & Use Taxes, and any Local or State NON-INCOME compliance requirement for your business to run smoothly. Our experienced team will handle all aspects of your compliance requirements from preparation to payment processing, ensuring accurate and timely submissions.
Compliance Service Details:
• Collect and review all relevant records and prepare detailed reporting.
• Determine the correct rates applicable to your business transactions.
• Prepare returns or forms using the latest tax laws and regulations.
• Electronically file with the appropriate tax authorities.
• Handle your filing fees and payments via client approved method of payment.
Benefits of Our Services
• Stay compliant with ever-changing regulations.
• Peace of Mind knowing your business is compliant.
• Professionals that identify all your compliance obligations.
• Save time by allowing experts to manage complex tax forms.
• Reduce errors and ensure accurate information is being submitted.
Year-End 1099
We offer a comprehensive 1099 tax return processing service to ensure your compliance with IRS regulations. Our team will handle all aspects of your 1099-MISC and 1099-NEC submissions, from reviewing vendor records to preparing and submitting the returns.
1099 Service Details:
• Collect and review all relevant records and prepare detailed reporting.
• Vendor verification and W-9 compliance measures.
• Prepare returns or forms using the latest tax laws and regulations.
• Electronically file with the appropriate tax authorities.
• Handle your filing fees and payments via client approved method of payment.
Benefits of Our Services
• Ensure compliance with IRS 1099 reporting requirements.
• Professionals will identify vendor requirements and forms.
• Save time by allowing experts to manage complex tax forms.
• Reduced risk of penalties and fines with timely submissions.
• Reduce errors and ensure accurate information is being submitted.