Focus on growing your business
Leave the bookkeeping and payroll to us.
Bookkeeping and Payroll Services
Your time should be spent on things that matter most – like growing your business.
Calculating pays, filing tax reports, doing bank reconciliations, and more. If you’re a business owner who’s processing your team’s payroll, you know that this cycle never ends. However, these tasks aren’t the reasons why you went into business in the first place.
Partner with our professional bookkeepers, and we’ll take the burden off your shoulders. With our bookkeeping and payroll services, you are assured that all of your financial and payroll records are organized and always updated. Regain your time and energy, our team at miplly is here to help.
How can a bookkeeper help with payroll?
No matter what business and no matter what industry you’re in, payroll is a critical process if you have a team working for you. You can’t simply disburse pay checks to your employees on payday and then think about it on the next cut-off.
There are a lot of things involved when processing payroll, like tracking hours worked, calculating pay, and withholding and filing taxes. On top of that, you need to account for the payroll expenses in your books. Taking care of these things will simply consume too much of your time.
With miplly bookkeepers helping you with payroll and bookkeeping, you can expect the following
Even the smallest mistakes on payslips could harm your relationship with your employees and affect morale. And there’s a huge risk of errors if you are not experienced in crunching numbers and processing various data.
As payroll specialists, bookkeepers are adept in the latest payroll management systems. They will guide you through how you can utilize these systems for better monitoring and control of all things related to payroll.
If you want to stay on the good side of the IRS, you should file proper taxes and submit them on time. An efficient bookkeeping system and a bookkeeper taking care of it will ensure that comply with the ever-changing tax rules and requirements.
Hiring an outsourced bookkeeper to manage your financial records and payroll is more cost-effective than hiring a full-time staff. You will have a specialist doing everything, from calculating pay and filing taxes to updating your books all at a fraction of the cost.
You also have the option to downgrade or upscale the services you want depending on your current situation.
With a bookkeeper on your extended team, you won’t have to think about preparing crucial financial statements, such as your income statement, balance sheet, and cash flow statement. Other than being a mandate, having these financial statements will give you information about your company’s financial health.
How We Handle Payroll and Your Books
When you start working with miplly, we will begin by providing you with a dedicated bookkeeper who will get to know you and your business. During this onboarding stage, we will look at your current bookkeeping procedures, identify areas for improvement and provide recommendations.
Your personal bookkeeper will also help you set up your miplly account, where you can connect your bank account to your dashboard. From this platform, your bookkeeper will be able to download your transactions and begin analyzing your expenses.
For our payroll services, your point-of-contact will collect your employee’s data, payroll history, and other related information. If you don’t have a payroll system in place, our bookkeepers can help set up your account and put all the data required for you.
Pay periods will no longer be stressful for you since your bookkeeper from miplly will take care of everything related to payroll transactions. Depending on your requirements, we can help you prepare weekly, bimonthly or sporadic payroll. We will also handle direct deposits, distribution of paychecks, as well as tax filings.
Why work with miplly?
Up-to-date Books
Keeping your books updated is crucial for your business, but you don’t have to take care of it on your own. When it comes to bookkeeping, you can rely on your assigned bookkeeper to do the dirty work for you.
Need help catching up with your books? We can get your records sorted and get you back on track in no time.
Monitor Business Numbers
Keep a pulse on your numbers and see how your business is performing. Your miplly dashboard will show you an overview of your finances, emerging trends, and any notifications from your assigned bookkeeper.
Accurate Reports
With your books managed and updated, you are assured that you can generate reliable reports. Conveniently access your financial statements, whether monthly, quarterly, or yearly, on your miplly dashboard on the reporting tab.
Payroll
Improve the accuracy of your payroll and reduce your stress each pay run as you work with a reliable bookkeeper who has plenty of experience in processing payroll.
Tax Filing
Employers are mandated to file and deposit employment taxes (e.g. Federal Income Tax, Social Security and Medicare Taxes, etc.) to the IRS. This means you should have some understanding of these rules for compliance; nut no worries, we can take care of these things for you.
Gain Focus
When you hire miplly, you’ll have a dedicated bookkeeper processing payroll and managing your books so you’ll have more room to focus on your core competencies.