Payroll Support
Payroll support, bookkeeping and reconciliation, properly reflected in your financial statements.
What this includes
- Payroll entries recorded in your accounting software
- Wages, deductions and employer costs allocated correctly
- Payroll liability accounts reconciled
- Remittance amounts reconciled to what was recorded
- Payroll figures reflected accurately in your reporting
Payroll in the books, done properly
Payroll is usually the largest single expense a business has, and it is the one most often recorded as a single lump sum with no detail behind it. That makes financial statements far less useful than they should be.
What we handle
Payroll gets recorded in your accounting software with wages, source deductions and employer costs allocated to the right accounts. Payroll liability accounts are reconciled, so what you owe and what you have remitted actually agree.
Where the boundary sits
We handle the bookkeeping side. Payroll processing itself — calculating and issuing pay, submitting source deductions, and preparing year-end slips — stays with your payroll provider. We make sure what they produce is recorded and reconciled correctly in your books.
If you are not yet using a payroll provider, we can talk through what the bookkeeping side would look like once you are.
Who this is usually for
Corporations
Corporate books maintained to a standard that holds up at year end.
Professional Services
Reporting that shows which work is actually profitable.
Small Businesses
Reliable bookkeeping without the cost of an in-house hire.
Questions
About this service
Do you run payroll for me?
We provide payroll support, bookkeeping and reconciliation — including ensuring payroll-related transactions are properly recorded and reflected in the financial statements. Payroll processing itself stays with your payroll provider.
Will payroll show up correctly in my financial statements?
Yes. That is the point of doing it properly. Payroll is often the largest expense on the books, so getting the allocation right changes what your statements actually tell you.
Often needed alongside this
Monthly Bookkeeping
Your books kept current every month, so you always know where the business stands.
Corporate Bookkeeping
Corporate books maintained to a standard your accountant can work from.
Financial Reporting
Statements and reports that tell you something useful about the business.
Find out where your books actually stand
A free consultation, no obligation. Tell us how the business runs and where things currently sit, and we will tell you honestly what it would take to get the books right.
Canada-wide, fully remoteYour information stays confidential