Bookkeeping & Payroll
Bookkeeping involves the recording of an entity's financial transactions on a regular basis while Payroll is the tracking of employees' hours, pay, and benefits, and their subsequent distribution.
Bookkeeping is essential to organizing daily financial transactions, playing a vital role in producing financial statements for budgeting, fundraising, and strategic analysis and forecasting. It is essential that a company clearly and accurately records income and expenses for it serves as the foundation of any audit process.
Every business entity involves payroll, whether it be to owners, employees, or contractors. L&A payroll services handle W2 and 1099 issuance, check payments and direct deposits, compliance reporting, tax filing (both state and federal), and customized payroll reports.