Roseville + Sacramento Bookkeeping Services

A strong business requires efficient bookkeeping. Good bookkeeping allows a company to stay organized, maintain a budget, track profits and growth, file taxes easily, pay employees on time, and analyze income and expenditures so that they can be optimized and streamlined for the future.

Cook CPA Group has experienced Roseville and Sacramento accountants that can help businesses maintain peace of mind and a sense of control over their revenue through fastidious bookkeeping services. The knowledgeable CPAs from Cook CPA Group can help businesses manage their financial lives while allowing them to focus on more important parts of their businesses. Schedule a free consultation today. Call (916) 724-1665 for more information about using Cook CPA Group’s bookkeeping services.

Bookkeeping Services in Roseville and Sacramento Offered by Cook CPA Group

Good bookkeeping done by an expert will allow you to keep track of all data and information about your business’s financial life. Bookkeeping entails keeping a close eye on financial statements, journals, ledgers, documents, and reports.

Cook CPA Group can perform bookkeeping services for businesses in most industries, including law firms, construction, manufacturing, hospitality, and agriculture. The following are the most important bookkeeping services that Cook CPA Group offers to businesses.

Bank Reconciliations

A bank reconciliation entails matching the balances in accounting records with the corresponding information found on a bank statement. It is intended to note differences between the two, and then make changes accordingly. It should be done at regular intervals for all of a business’s bank accounts. Bank reconciliations are especially useful for businesses because they can help identify or guard against fraud.

Bank reconciliations can be done by looking at a bank’s ending cash balance, adding deposits in transit to the bank from the company, subtracting checks that haven’t cleared yet, then looking at the final cash balance and deducting charges such as bank service fees, insufficient fund checks and penalties, and adding interest. At the end of this process, the adjusted bank balance should be equal to the company’s own adjusted cash balance.

Payroll

Setting up payroll for a business entails many moving parts, all of which can be done with the help of a CPA from Cook CPA Group. To properly run payroll, a company must first get an Employer Identification Number and make certain decisions, including the length of pay periods, which benefits will be offered to employees, and the type of worker’s compensation insurance that will be purchased.

Certain accounts will then need to be set up in order to pay employees, including for regular wages, health insurance, 401k matching, federal withholding, state disability insurance, and other considerations. Bookkeeping for payroll may also include calculating vacation time, if vacation is offered on an accrual basis.

Finally, businesses will need to pay payroll taxes—this entails filling out certain forms such as Form 941, Form 940, W-2 forms, and W-3 forms, all of which can be done with the help of a CPA from Cook CPA Group.

Quarterly and Annual Reporting

Reporting on certain financial aspects of a business is necessary to maintain financial health. There are certain reports that businesses must complete quarterly and annually.

Quarterly reports must be made to the IRS detailing wages paid to employees and employment taxes paid to the IRS. These reports can be made using documents such as Forms 941, DE9, and DE 9C, all of which can be completed with the help of an accountant from Cook CPA Group. These should be filed at the end of each business quarter – April, July, October, and January.

An accountant from Cook CPA Group can also help businesses file annual reports with the IRS. Businesses must file Form 940 annually, which reports unemployment taxes that the business paid the prior year.

Cook CPA Group can also help Roseville and Sacramento businesses submit all necessary filing forms, which report basic information about a business’s income, wages, and taxes to the IRS. The most common form that accountants help businesses file with the IRS is the 1099 Form, which reports non-salary income to the IRS. There are several types of 1099 forms—one type is for wages paid to independent contractors, another is for cancellations of debt, and another is for income from tax dividends, prize winnings, personal property sales, and more.

Monitoring Accounts

A bookkeeper employed by your business can help you keep track of the activity in your business’s accounts. Businesses maintain accounts that keep track of purchases and sales made on credit, known as accounts payable and accounts receivable.

Accounts payable is an account that keeps a record of money owed to a third party (such as a bank, company, or lender) and is known as a liability. Accounts receivable is an account that keeps a record of money owed to you and is know as an asset. The information regarding accounts payable and receivable is kept in a balance sheet that can be managed by an accountant from Cook CPA Group.

Bookkeeping CPAs Available in Roseville and Sacramento

Cook CPA Group wants to help businesses meet their financial goals as simply and easily as possible. With meticulous bookkeeping services in Roseville and Sacramento from Cook CPA Group, businesses can gain the organization they need to focus on what is most important: providing a product or service that customers will enjoy. Schedule a free consultation with Cook CPA Group to learn more about how their services can help your business thrive.