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Volume Accounting

Accounting & Bookkeeping

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Bookkeeping Services

Bookkeeping Services

We develop and maintain the overall finacial processes for your business. This includes tracking payables and receivables while keeping all of your financial transactions accurately documented. Here at Volume Financial we also creat and maintain financial reports and quartly sales taxes and withholdings. We also reconcile bank statements and ensure compliance in the unlikely event of an IRS audit.

Payroll Services

Payroll Services

Our payroll services assist in coordinating and processing employee wage distributions on behalf of your business. This can save a great deal of effort and time spent calculating wages and paying employees, allowing the company staff to focus on growing the business with the confidence that their employees and their payroll taxes are being paid accurately and on schedule. Let us help you succeed by taking payroll management off of your plate.

What's included in our Bookkeeping service.

Chart of Accounts

We build out your chart of accounts logging your revenue and expenses under the appropriate categories that the transaction represents.

Banking Reconciliation

We take extra care in ensuring that we properly match the cash balance on your balance sheet, to the corresponding amounts on your bank statements, while also resolving any discrepancies.

Credit Card Reconciliation

Our goal is to ensure that any transactions made with credit cards, match the transactions that show up in your general ledger. Our methods of maintaining accurate records on your behalf will avoid discrepancies on your balance sheet.

Financial Statements

We reconcile your financial statements to cross-check balances and journal entries, making adjustments as needed. Once complete, your income statements will show your revenue and expenses over a specified time period. Your balance sheet will provide you with a snapshot of your present financial standing.

Month – End Close Preparation

We prepare month-end close for your business to keep accounting data organized and ensure all transactions for the monthly period were complete and accounted for.

What to know about our Payroll services.

Payroll

Trust us to aid you in ensuring that your team is paid on time and your withholdings are properly deducted. We will also keep track of payroll reports, expense reimbursements, and profit-sharing disbursements so all of your employees are paid accurately and on time.

Payroll Tax Reporting

After carefully tracking your deductions, we prepare payroll tax reports and create the appropriate entries for your financial statements. The largest of these are social insurance taxes and the two federal payroll taxes, which show up as FICA and MEDFICA on your employee pay stubs.

Trusted Corporate Bookkeeping and Payroll Service

Staying compliant with the constantly changing IRS guidelines, keeping expense and payment records up to date, all while operating a business can be very overwhelming. Consistent and accurate record-keeping is vital for maintaining a successful growing business.
This requires constant oversight of things like expenses, tax withholdings, filing dates, payroll processing, and employee benefits. Volume Financial is a professional accounting and payroll services provider that will manage your business finances with full transparency, so that you can focus on growing your company.

Question and Answers

Frequently Asked Questions

Here are answers to some common questions that we
encounter for many people interested in our bookkeeping and services.

How many times should I consult my bookkeeper?

Depending on industry and needs could be monthly or quarterly.

What is the difference between a bookkeeper and an accountant?

Bookkeepers are responsible for the ongoing maintenance of their clients’ general ledgers. Accountants use the accurate and up-to-date general ledger maintained by the bookkeeper to provide advisory services. We here at Volume Financial do both!

How does proper bookkeeping and accounting process help file your business tax?

Bookkeeping makes filing a tax return easier for your business. With a proper organization of records on your earnings, you won’t have to worry about scrambling for receipts and invoices because all your records are properly documented.

What is a general ledger?

A general ledger is a recordkeeping system used to sort, store, and summarize a company’s financial transactions.

What is chart of accounts used for?

Chart of accounts is a tool used to organize the important accounts that help create your business’s financial statements.

Why is bookkeeping important for a business?

Bookkeeping is used to assess your business performance and identify your strengths and weaknesses. In analyzing your financial statements, you can easily manage your cash inflows and outflows and your profit and loss.

Volume Accounting & Bookkeeping Review

Schedule An Evaluation

Learn more about how Volume Financial can help you and your finances.
Schedule your consultation today.


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