Payroll Processing & Support in Phillipsburg NJ
Time is Money...Get Both!
Bookkeeping | Quickbooks Enablement | Payroll Support | AP/AR Mgmt. | Financial Statements | Tax Prep & Filing | Bookkeeping Cleanup
At Precision Books, Our team of bookkeeping professionals can help streamline payroll processing for your small business, saving you time, money, effort, and unnecessary frustration.
Schedule a free consultation of your bookkeeping needs
"Be precise. A lack of precision is dangerous when the margin of error is small."
~ Donald Rumsfeld
Our Payroll Processing experts can streamline, organize and balance your Phillipsburg NJ business.
We ensure your payroll is processed efficiently, accurately, and on time. At Precision Books, we collaborate with payroll processing companies to guarantee compliance and precision. With ever-changing payroll laws, relying on professionals can save you time, reduce costs, and improve accuracy. Our Phillipsburg bookkeeping experts are here to keep your business running smoothly and with Precision Books!
What is Payroll and Why is it Important for Your Business?
A payroll is a company’s list of its employees, but the term is commonly used to refer to:
- the total amount of money that a company pays to its employees
- a company's records of its employees' salaries and wages, bonuses, and withheld taxes
- the company's department that calculates and pays these.
From a bookkeeping standpoint, payroll is essential as it significantly impacts a company’s net income and is governed by various laws and regulations. In the U.S., payroll is subject to federal, state, and local compliance requirements.
From a human resources perspective, the payroll department plays a vital role in maintaining employee satisfaction, as timely and accurate payroll processing is crucial to morale. The primary responsibility of the payroll department is to ensure employees are paid correctly and on time, with appropriate withholdings and deductions. This includes processing salaries, tax withholdings, and other paycheck deductions while ensuring timely remittance of all obligations.
Bookkeeping
Our customized services—including bill payments, client invoicing, account reconciliation, and the preparation of accurate financial statements—are designed to enhance efficiency and reduce costs for your business.
Accounts Payable & Receivable
By entrusting us with your bookkeeping, you can count on us to efficiently handle your accounts payable and receivable, maintain your general ledger, prepare balance sheets, reconcile credit card statements, and complete month-end closings with precision.
Financial Statements
Whether you're a new start-up or a well-established business, financial statements are crucial for many things including getting fincing, underestanding profitability & more. We'll compile monthly & quarterly statements for you and make any necessary recommendation for improvement.
Bookkeeping Cleanup
We’ve been around the block a few times, we know how quickly things can get complex and messy. Our team will refresh and clean-up those messy books and show you how to keep everything organized easily and automatically.
Payroll
At Precision Books, Our team of bookkeeping professionals can help streamline payroll processing for your small business, saving you time, money, effort, and unnecessary frustration.
Tax Preparation & Filing
NJ & PA residents & business owners rely on us for precise tax preparation and timely filing. Our skilled team stays informed about the latest tax law changes and updates, ensuring our clients pay the least amount of tax legally possible.
QuickBooks™
Update your messy accounts and build a solid financial foundation with QuickBooks™ - the world-leading accounting software. Precision Books can help you get started with the software and help you get comfortable using it.
Schedule a Free Consultation Today
Let’s have a chat to see if we can be a good fit to handle all (or some) of you bookkeeping chores.
