Payroll Services

Matrix Consulting provides you with a complete payroll processing system. From the simple to the very complex, we provide you with comprehensive solutions to help manage your business better.

We provide you with:

✓ Payroll and tax processing

✓ Customized reporting

✓ All federal and state tax filings

✓ Direct deposit

✓ Job costing and tip reporting

✓ Certified easy online reporting

✓ Human resource tracking

✓ Employee benefits services

✓ Worker’s compensation services

We can also help you by eliminating the hassle of collecting time cards, adding hours and processing payroll with our on-line time and attendance management system.

✓ Reduce costly errors and fraud

✓ Receive a free daily e-mail of punch records to keep you in control or download the app for your smart phone

✓ It’s easy to use and easy to set-up

✓ Internet based with no software to install

Advanced Bookkeeping, Accounting Services and Solutions for Your Business

Plain and simple, our scalable cloud based bookkeeping and accounting solution removes the burden of staffing and managing in-house bookkeepers, accountants and controllers. We deliver a level of reliability, consistency and expertise that is typically reserved for mid-market companies with large accounting departments. With a fractional share of a full business financial account department you’ll get the best of both worlds – expertise as needed without the headaches. Save yourself from the extra financial stress, and give yourself more time with less concerns.

When you choose to outsource your bookkeeping needs to Matrix Accounting Service, you can expect cost savings over fully loaded expenses associated with hiring and retaining in-house staff. More importantly you will also benefit from our established financial budgeting expertise and industry best practices that ensure your financial house is in order and you are receiving actionable financial information. Accounting is very important and essential in your business venture, so please take the journey with Matrix.

What You Get:

Our cloud based bookkeeping services allow you to begin where you need us to help, and add on when or if the time arises. You can customize our services by choosing which tasks you want to perform internally and which tasks you want to outsource to Matrix Accounting Service:

OUR BOOKKEEPING & ACCOUNTING SERVICES INCLUDES:
✓ Accounts Payable
✓ Accounts Receivable
✓ Payroll
✓ Banking and Credit Card Reconciliation
✓ Sales Tax and Payroll Tax Reporting

Matrix is also the same company: Matrix Consulting Services. As an account and a business consultant, we will enable an easier path for you travel on. We understand how important it is for a business to have proper accounting, employees are paid on time and efficiently, business expenses are tracking accurately, and we have plenty of experience to spare.

More Information on AccountIng:

What is accounting? At its simplest, accounting is a form of way to interpret the financial health of a business or an organization to any and all interested parties. It is a way of assessing the assets, liabilities and cash flow, or the future of an entity for all current and future investors. It is the lifeblood of a business and all types of business have basic information that is recorded to get that job done.

All accounting or bookkeeping has a standard set of accounting fundamental policies/rules that stays basically the same for every type of business or organization. In this way there is unity in all business accounting operations to ensure that there is cohesion and a clear recognition no matter what business is being overseen. This system is called GAAP – Generally Accepted Accounting Principles. There is no law enforcing GAAP standards, but that may not matter when a business has to report gains and losses to a credit agency or the government – or face an audit.

THE MULTIPLE COVERS OF ACCOUNTING

Accounting is not just one thing; in a corporation or business, there are numerous “covers” or types of accounting. In very large companies and corporations, each of those layers might have its own department, staffed by many accountants all taking care of one small part. In small businesses, it might all be the job of one (very tired) accountant. Specializations include:

• Taxes – Well, that one’s distinct. Every business has to pay taxes, and every business wants to pay as little in taxes as they have to. Obviously there are no business owners that condone paying more expenses than desired.
• Payroll – Businesses have to pay employees, but more significantly, they have to pay payroll taxes, social security, retirement, workman’s comp, and the list goes on. Payroll accountants keep all those balls bouncing.
• Accounts Payable and Accounts Receivable – The bills that need to be paid (to contractors, to vendors, to suppliers) and the payments that are coming in (from clients, from customers, from services) all have to be processed. If payments don’t come in, someone has to alert collections; if payments don’t go out, someone has to take the fall. Neither of these negative occurrences are wanted, and as good accountants, we will keep track of what matters most.
• Bookkeeping – Income goes in one column, outflow goes in another, and if those two columns are out of whack, so’s the business. The bookkeeper doesn’t have any control over the money, but they make sure that every little transaction gets recorded. If something is missing within the record of transactions among the business, then nothing will be accurate.

TECHNOLOGY, AND HOW IT CONCERNS ACCOUNTING PRACTICES

How does technology affect accounting in our modern 21st century?
Accountants need to remain up to date with the advances in the technology field in order to acknowledge all of the market conditions and their clients’ needs.

Technological innovation has led the way in how accounting is done nowadays. Digital resources and online tools improve productivity and organization. Manual accounting has virtually disappeared and has been replaced by electronic accounting. This has not only reduced errors but provided, at the same time, better and more accurate reporting amongst other advantages. Computers compute information much easier than people, as people have human error. It is therefore imperative that accountants stay alert of the most recent technological advances and use them to control and strive in business. Here are some easy-to-see advantages of online accounting:

Virtual storage of documents –

Keeping paper records is an expensive and time-consuming task. Few would argue otherwise. And there are other issues to consider such as lack physical space over time. Digitizing documents has increasingly been replacing physical storage of papers. Speed of accessing all of this digital information is one such benefit, but there are many more, particularly through the use of Cloud computing. You also save resources you’d otherwise use, by using a digital path of accounting (such as many, many pieces of paper.)

Virtual calendars and task management –

The purpose of online notes are the focal point of the day-to-day running of the office operations. Digital platforms offer calendar management tools such as alerts that will contribute towards meeting deadlines, tasks completions, work orders which are pending to be completed and avoiding fines. You can also use digital programs to keep track of your finances that are due soon. These tools are easily reachable through mobile devices and any updates are shared instantly between all those involved.

The importance of regular training –

In order to maximise any gains coming from technology directly, it is essential that accountants stay up to date, and train through all of the updates that occur within the online or digital platforms. It is only through regular training that accountants and other professionals will be able to deliver and fulfil customer expectations. A trained professional will avoid mistakes and save time for the business, as businesses nor the accountant has extra time for mistakes. Training should also go beyond technology to include legal compliance and changes in legislation. Keeping up to date with all points of accounting and how accountants commence their work is of utmost importance to our company.

Connecting to customers –

Technology has brought accounting professionals and customers closer. Dedicated platforms make communication easier and instant which for many clients translates in saving time and increased efficiency. It also makes it easier to track customer service and easily make improvements, therefore, improving customer satisfaction.