Are you expanding your business and growing your workforce to meet increasing demands? Setting up a payroll system is a must in order to keep things running smoothly. Let the pros at Diamond Head Tax Group handle this with our professional payroll services so you can focus your time and energy on running your business and leading the team.
Professional Payroll Services: Setting Up a Payroll System with QuickBooks
Diamond Head Tax Group experts will help your business run smoothly by setting up a payroll system that will streamline the process so you won't have to manually account for each employee's salary. This can be done through Quickbooks, which has a payroll function that can automatically calculate and run payroll as often as needed. Simply enter employee time and the hours will flow to your invoices as well as the payroll module. Every hour paid to your employee is also considered for billing to a customer.
Other benefits of setting up QuickBooks for your business includes:
Simplified Taxes
Preparing tax entails compiling the business' income and expenses. By using QuickBooks throughout the year, the software automatically tracks this. So all that's needed is to print your financial statements.
Creating and Tracking Invoices
QuickBooks makes invoicing an easy process. These can be printed or emailed to customers. QuickBooks will record the income and track how much is owed by customers or clients.
Tracking Bills and Expenses
QuickBooks connects to your bank and credit card accounts so that your expenses are downloaded and categorized.
Making Financial Statements
As all the data goes through QuickBooks, printing financial statements is made simple. QuickBooks can create statements such as profits and loss reports. balance sheet reports, statement of cash flows.
Contact us and let our skilled Oahu Tax Experts offer their well-rounded tax advice and tailored tax solutions to help you file accurate tax reports and avoid unwanted IRS attention.
Diamond Head Tax Group
We are available to assist you with your Tax Needs.
Individuals ● Business ● Tax Advisory ● Payroll Services
