There is still time to file for your Employee Retention Credit (ERC)!
The ERTC is a refundable payroll tax credit for wages paid by an employer whose business is either fully or partially suspended due to a COVID-19-related order or is experiencing at least a 10 percent decline in gross receipts compared to the same calendar quarter of the previous year.
How does employee retention credit work?
- Record
Add all transactions to QuickBooks. - Reconcile
Reconcile credit card & bank statements to QuickBooks. Reconciliation refers to taking the end-of-the-month balance from the bank or credit card statement and reconciling that amount back to QuickBooks. - Review
Review all transactions to make sure they were recorded accurately. - Revise
Make any corrections and adjustments based on your review process. - Restrict
Close the books in QuickBooks to prevent accidental changes to the books.
Have you considered hiring a bookkeeper?
A professional bookkeeper does not need to be a full-time employee. These services are often best outsourced to firms who have strategies in place to help small to medium-sized businesses excel at what they do best, providing services and solutions to their clients. Bookkeepers are perfect workers to work remotely.
Bookkeeping Enterprises has a knack for designing or re-designing bookkeeping systems that help owners take their business to greater levels. Using common-sense as our greatest weapon, we love to find new ways to take the work out of paperwork.
Bookkeeping Enterprises has been established for nine-plus years, managing small to medium-sized businesses’ books ranging from $1,000,000 to $20,000,000 in annual revenue, and serving 100’s of happy clients in a variety of industries nationwide. With extensive experience in building/maintaining a solid set of books, we are able to produce an accurate set of financial statements on a monthly basis.
About Bookkeeping Enterprises
Bookkeeping Done Right!
Located in Orange County, Bookkeeping Enterprises is one of the region’s most trusted companies. Working with Bookkeeping Enterprises means receiving personal, professional and precise service. For years, we have served clients according to these guiding principles, establishing a reputation for careful, reliable and judicious service with companies throughout the region.
Our services are available for businesses in any industry, as well as individuals. We offer daily, weekly and monthly services that can be customized based on your exact needs. No matter the type of service you need, you’ll work with bookkeepers who are professional, courteous and experienced.