Who This Is For
- Businesses that use a payroll provider but need bookkeeping support
- Companies that want accurate payroll reconciliation in their books
- Businesses that need help coordinating between payroll and accounting
- Owners who want confidence their payroll is recorded correctly
Why This Matters
Your payroll provider processes payroll, but your books don't match
Payroll transactions aren't being recorded correctly in your accounting system
You're not sure if payroll taxes, benefits, and deductions are categorized properly
You spend time trying to reconcile payroll reports with your books
You don't have visibility into payroll costs by department or category
Payroll errors create discrepancies that are hard to track down
What You'll Receive
Coordination with your payroll provider
Payroll transaction reconciliation in your books
Accurate categorization of payroll expenses, taxes, and deductions
Payroll liability tracking and reconciliation
Payroll cost analysis by department or category
Identification and resolution of payroll discrepancies
Integration between payroll provider and accounting system
Optional Add-ons
How It Works
We coordinate with your payroll provider to receive payroll reports
We reconcile payroll transactions in your accounting system
We ensure all payroll expenses, taxes, and deductions are categorized correctly
You receive reconciled payroll reports and any discrepancies are flagged for resolution
Why FLR
We understand the complexity of coordinating payroll with bookkeeping
Our systematic reconciliation ensures payroll is recorded accurately
We catch discrepancies early before they become bigger problems
We give you the confidence that your payroll is properly reflected in your books
What Happens After Setup
With payroll coordination and reconciliation in place, your payroll will be accurately reflected in your books. You'll have clear visibility into payroll costs, and any discrepancies will be identified and resolved quickly. This ensures your financial statements accurately reflect your true labor costs.
Frequently Asked Questions
Is this included in monthly bookkeeping?
Basic payroll reconciliation is often included in monthly bookkeeping. Comprehensive payroll coordination with detailed analysis and reporting is a premium add-on service.
Do you process payroll?
No, we do not process payroll. We coordinate with your payroll provider and reconcile the payroll transactions in your books. You or your payroll provider handle the actual payroll processing, tax filings, and payments.
What if I don't have a payroll provider?
We can help you select a payroll provider that integrates well with your accounting system. We work with most major payroll providers and can recommend options that fit your business needs.
What happens if there's a discrepancy?
We'll identify any discrepancies between your payroll provider's reports and your books, then work with you and your payroll provider to resolve them. We flag issues early so they can be corrected quickly.
How often is payroll reconciled?
Payroll is typically reconciled each pay period or monthly, depending on your payroll frequency. We ensure each payroll run is properly recorded in your books.
Can you help with payroll tax issues?
We can help ensure payroll taxes are properly recorded and categorized in your books. For actual payroll tax filing and payments, you'll work with your payroll provider or tax professional. We coordinate to ensure everything is recorded correctly.