19
Jun
As a business owner, it’s essential to keep your employees happy. One of the best ways to do that is by ensuring that they get paid accurately and on time.
Manually calculating your team’s payroll can consume a lot of time and resources, especially as your business grows. Luckily, as part of the services Keenans Accounting provides for businesses, you can regain your time while an expert maintains your payroll.
Streamlined Payroll Process
A bookkeeper simplifies your payroll process, making it quicker and easier by handling it on your behalf. Bookkeepers have keen eyes that can properly calculate each employee’s pay, deductions, and taxes at once, ensuring that employees receive their correct pay on time.
Additionally, these payroll services can also incorporate direct deposit payments, cutting down on the time and paperwork required to print and distribute checks.
Reduced Errors and Costs
Handling your own payroll processing can often lead to errors, which could result in penalties and dissatisfied employees.
However, bookkeepers reduce those errors and compliance risks. They can also audit your prior records, ensuring that employees received the right payments on time and further avoiding the chance of possible penalties.
Time Savings
As a business owner, time is your most valuable resource – and a bookkeeper can help save you a significant chunk of that time.
By letting the bookkeeper handle the payroll process, you don’t have to worry about figuring out payroll taxes, making payments, and filing tax returns. You can instead focus on other essential aspects of your business, such as improving your products and services, boosting your marketing, and forging strong relationships with your clients.
Financial Control
With experts maintaining your payroll, you can track your business’s finances much more accurately. A bookkeeper can provide you with reports and analyses summarizing your business expenses, which can provide valuable insights into your business’s financial health. This method of financial tracking can aid you in making more informed decisions on cash flow management and investment opportunities.
Compliance Management
Adhering to government regulations can be confusing, especially when it comes to taxes. However, with a bookkeeper in charge of payroll, you can rest assured that your business is following all the necessary regulations.
Having a bookkeeper handling your payroll is a crucial step for small business owners looking to streamline their financial operations and focus on growth. If you’re looking to outsource your payroll and achieve more control over your business’s finances, it’s time to give Keenans Accounting a call. With this investment in your business’s future, you can make informed decisions, avoid expensive mistakes, and keep your employees satisfied with timely and accurate payments. Get started today by calling 705-526-7628.