Bookkeeping Services

Woodlands Bookkeeping Solutions offers a range of services to manage all your financial needs. Our bookkeeping services include managing your accounts payable, accounts receivable, payroll, purchase orders and invoicing. We handle account setup, organization and classification, online banking setup and integration.

• Quickbooks Setup, Organization and Classification

Let us help you get started. We sort, organize & handle all the mountains of paper that stack up-even for a small business. We set up your bookkeeping to reflect your practice, making it easier to run and track business revenues and expenses.

• Payroll Administration

Payroll can be as simple or as complicated as your business requires. From the simple hand written check payment of contract labor to the complicated direct deposit payroll of salaried employees with multiple benefit deductions, we can process payroll efficiently. We can also set up computer based timesheets to track employee time against job profitability.

We will make sure payroll taxes are paid promptly to avoid costly IRS and State fines and finance charges. Taxes may be due every payroll period, monthly or quarterly, depending on your payroll volume. We also prepare and file payroll tax reporting due quarterly to both the IRS and state – you won’t be late!

• Sales Tax Reporting

Sales tax is due quarterly for most businesses. Late reporting can be costly depending on liability. Stop paying late fees and let us take care of your tax reporting.

• Accounts Payable and Receivable

We will keep you informed and up to date on who owes you money with easy to read reports. We will also make sure you pay your vendors promptly, keeping your supply chain (flowing, moving, open, revolving)

• Bank and Credit Card Reconcilation

Reconciling accounts is one of the most important yet most often neglected bookkeeping functions in small business. Even in the computer age, mistakes happen! Reconciling accounts lets you be confident that all charges and credits are accurately recorded.

• Bookkeeping Cleanup

If you have not been using a professional to keep your books, they may have gotten out of control. We can clean up your books and bring them into proper order. If you have employees posting receivables and payables, we offer training for consistent posting.

• Financial Reporting

We offer a wide variety of financial reporting. Many of our clients like to see a weekly cash flow report, and monthly P&L, balance sheet, and AP/AR aging reports. We can set up your accounts to track profit and loss by job and/or by business category. This type of reporting is invaluable in determining if certain segments of your business are profitable, and will help you determine how to make them more profitable in the future.

• Online Banking Setup and Integration

We can set up many financial institutions to download directly into Quickbooks. This saves a tremendous amount of time and money over hand entering transactions.

• Budgeting

Are you meeting your financial goals? We can design a budget for you that you can live with - one that will reduce your debt and increase your cash flow. Once your budget is designed we will help you to stay on track.