INDEX

Accounting and Payroll

Introduction to Accounting and Payroll Services - Everyone Needs Good Accounting

Every business needs accurate and timely financial statements. R. C. Martin and Associates is a full service accounting firm. With our state of the art software, we can make that happen! Whether you are a bookkeeper processing someone else's paperwork or you are a business person processing your own books in house, you will be delighted with our accounting principles. All reports and entries are accurate and easy to understand.

Most of the bookkeeping principles are centered around the general ledger. The payroll, accounts payables, accounts receivable, and cash sales systems and all are posted to the general ledger. When we enter your accounts payables with printing a check or enter the payroll for your employees, all this information will be entered into the general ledger at the same time.

All printed reports are done on a monthly basis, and they include the General Ledger Report, the Income and Expense Report (Profit and Loss) along with the Balance Sheet.

All Check and Cash Receipts Reports, giving a complete record of all cash and check transactions. The Bank Reconciliation Report will balance not only our records but will also balance your check register as well.

The final reports that you will receive is the Cumulative Income Report that gives you the current income and expenses; the Monthly Budget Report which will show if you are within your annual set budged or if you need to adjust your spending habits. And finally a 12-month report that will reflect all receipts and expenses for the past 12 months. This report in itself is a very handy tool in accounting because it shows you all the previous 12 months at a glance without having to go through all your monthly reports.

We will complete all your payroll checks, we provide you with an employee time sheet, after we set your employee's data into our system. We can print checks on a weekly basis or when ever your pay period is. All we ask is that you give us enough time. We complete all required federal and state payroll reports, and we can even complete a direct deposit of your payroll taxes right into the Federal Reserve Bank without you even having to mail any check or coupon. It is an electronic funds transfer from your bank account to the Internal Revenue Service on a day that you select to make sure that the funds are available.

Your payroll checks are returned back to your office for your signature and given to your employees; their pay sub has all the year to date information on gross income, taxes and other deductions for their records. We also provided you with the payroll register for each pay day, and a quarterly payroll journal that will show all the employees information as to gross wages, taxes withheld, federal and state taxes owing and paid.

For more information about our accounting and payroll services please contact us.