McDonald Bookkeeping Services stands as your trusted partner, extending its reach across all 50 states, serving businesses ranging from small enterprises to mid-size corporations. With a wide spectrum of expertise, we specialize in Bookkeeping and Payroll Services, offering solutions tailored to your unique requirements. Our commitment to service excellence is underlined by our affiliation as Certified Advisor supporting QuickBooks users, ensuring that your financial management is streamlined and effective.
Real-Time Virtual Services, Tailored to Your Schedule
Our dedicated team operates when you operate, ensuring that your financial management remains seamless and responsive. This means you only pay for the services you require, avoiding unnecessary costs.
Customization for Optimal Solutions
Our expertise allows us to assess your needs and design a tailored package that covers precisely what your business demands, promoting efficiency and cost-effectiveness.
Visual Meetings for Real-Time Collaboration
Through screen sharing and visual meetings, our expert staff is available to engage in real-time discussions, address queries, and provide insights to optimize your financial strategies. This approach ensures that distance is never a barrier to seamless communication and valuable support.
Quote: Ala-Carte (or) Virtual Quote
Starting at $100.00 per month.
What is Accrual VS Cash Basis Accounting:
Cash-basis or accrual-basis accounting are the most common methods for keeping track of revenue and expenses. Yet, depending on your business model, one approach may be preferable. You will need to determine the best bookkeeping methods and ensure your business model meets government requirements. For instance, certain businesses cannot use cash-basis accounting because of the Tax Reform Act of 1986.Choosing the right accounting method requires understanding their core differences.
- Cash-Basis Accounting: This method focuses on your business’s cash flow, tracking money that comes in as revenue or goes out as expenses paid.
- Accrual-Basis Accounting: This approach tracks whenever an action results in earnings or accrues an expense. The key difference between the two approaches is timing. Cash-basis accounting documents earnings when you receive them and expenses when you pay them. However, the accrual method accounts for earnings the moment they are owed to you and expenses the moment you owe them; it does not matter when your money enters or leaves your account. That is important, as receiving or sending payment is not always immediate.
- COA organization & Clean-Up: is the financial, organizational of the general ledger that provides an index of every account in an accounting system. This is NOT accounting.
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1. Full-Service Payroll
2. Employee Benefits
3. Time & Attendance
4. Hiring & Onboarding
5. Talent Management
6. Direct deposit
7. Tax calculations & Reporting
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1. Cash & Accrual Based Accounting
2. Fund Accounting
3. FASB Compliant
4. Bank Intergration
5. 990 Reporting
6. Fund raising
7. Expense & Revenue Allocation (+) more
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1. Full-Service Payroll
2. Employee Benefits
3. Time & Attendance
4. Hiring & Onboarding
5. Talent Management
6. Direct deposit
7. Tax calculations & Reporting
GROW YOUR BUSINESS THROUGH EMAIL AND MARKETING AUTOMATION WITH 30% OFFI INTUIT MAILCHIMP STANDARD & SREMIUM PLANS FOR ONE YEAR.
– Starting at $150.00 (per ea. month) Base Fee
1. Federal and State forms completed for you
2. Electronically pay and file taxes, including W-2’s
3. Email reminders for taxes & forms
4. Payroll Processing ONLY. New Hire On-board (+)
5. Does not inc/ Worker Compensation Reporting (+)
6. Does not inc/ Payroll Software (+)
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McDonald Bookkeeping Services, LLC is bonded & carries professional liability (E&O) Insurance and employee dishonesty coverage.
