Archive for July, 2006

AccountingParadise Banners

Thursday, July 27th, 2006

Are you looking for our banners which you can put on your website? Check our new page with banners. Let us know if you would be interested in working as our affiliate and make money on bookkeeping and payroll.

Read about how we create a good system for your bookkeeping

Tuesday, July 25th, 2006

Having a great system is extremely important. You as a customer will exactly know what work we are doing for you. You will be able to update the instructions online. The same for us. We want to make sure that we are doing what is required on your account.

For each account (bank statement, credit card statement, merchant account…) we create instruction sheet. You will be able to review it online and do modifications. The sheet shows instructions and notes how the transactions should be handled.

See details of how we set up instruction for each account. This is an example for credit card account reconciliations.

reconcile

Why is this so important?

1. If your company is growing fast you might need to hire in-house employees to take care of bookkeeping. You will need good set up and system in place. We do it for you.

2. If you fire us for whatever reason you will have great set up and any other company can easily continue on our work. It might sound crazy that we are doing something like this and you can see there are not many companies who will be so open and working for your interest.

3. When you business is organized like it is great foundation for growth while keeping expenses extremely low.

The usual mentality is to no to let customer understand anything so he has to stay with the bookkeeper forever. Our main interest is success of your business. We believe that we get it ten times back in referrals from satisfied customers. We don’t want to tie anyone to us by force. You will see that we provide great value. Once you feel that you can get better deal somewhere else we will make it very easy for you to switch.

 Our goal is to set up very EASY and SIMPLE system for your bookkeeping. This also means very inexpensive and efficient.

 

What if I use different program for issuing invoices. Can you enter them?

Monday, July 24th, 2006

Yes, we can. You can email us or fax us copy of each invoice you issue and we will enter it in QuickBooks. It is no problem at all.

We can also teach you or anyone on your staff how to do it and save some time with retyping. QuickBooks is a great program and we can really help you streamline your business and make it more efficient.

How do I provide pay stubs to my employees?

Tuesday, July 18th, 2006

You have several options:

1. You will be able to print paystubs from your online account. Just login here: www.ManagedPayroll.com (this is employer login only). You can print current or past paystubs from there.

2. You can email the paystubs to your employees automatically when doing pay checks. We will help you to set it up. You can do it yourself or email us and we will do it for you. Your employees will then get email with notifiation that a new pay stub is available. They will login here to see it: www.paycheckrecords.com

Your employees will be able to access their pay stubs through their online accounts. Why we really like this set up? Because it saves you (business owner) a lot of your precious time.

Nevada Modified Business Tax Return Form

Tuesday, July 18th, 2006

If you are doing business in Nevada you have to file Nevada Modified Business Tax Return.

It is due every quarter. And here is what the form looks like:
businesreturnsample 1

The form looks complicated, but it is actually not very difficult to fill out. If you use our Bookkeeping or Payroll program we will do it for you at no cost. Just let us know that you need us to file this form.

Instructions how to complete this form:

Total Gross Wages
(it says same as on Line 3 of ESD Form NUCS 4072). This is the same number you have fill out on the form called EMPLOYER’S QUARTERLY CONTRIBUTION AND WAGE REPORT. If you use our Payroll program we file this form for you automatically. So you can just take then number from the line 3.

Enter deduction for paid health insurance
The easiest way is to go to your QuickBooks and find the expense account you use for writing health insurance bills. QB -> Company -> Chart of Accounts

For example we use expense accounted called: Health & Dental Insurance. Click on detail and choose Customize. Select Last Quarter. You will see all payments for health insurance and include the number on the line 2.

The rest of the form is self explanatory. Deduct line 1 minus line 2. If you don’t have any overpayment, credits, offsets or penalties than you just enter zeros. Write taxable wages minus health on the line 6. Line 7 is for calculating the actual tax 0.0063 x line 6. Sign, date and mail with check to Nevada Department of Taxation.

Useful links:
Nevada Department of Taxation Forms
Modified Business Tax Forms - I like to use the Internet forms, because they let you fill it out on computer instead of typing manually.

 

Look at our presentation about payroll services

Monday, July 17th, 2006

We have created web presentation explaining our full service payroll service. Click here to see it.