What Do I Get?
PAYROLL PROCESSING:
Each payroll period you will receive your company's tax liabilities with instructions on how to fill out the payment coupons, where to send or take the payments and when they are due. NetChecks can arrange to have your federal and state tax payments paid electronically upon request (once a month for monthly depositors and twice a month for semi-monthly depositors).
Along with the tax information, you will also receive a payroll journal listing each payroll stub with the corresponding deductions for your records. We recommend you keep these reports in a 3-ring binder so that you have complete payroll records on file at all times.
Quarterly reconciliation reporting is required by both federal and state agencies. These completed reports will be automatically submitted to each agency by NetChecks at the end of each quarter and a copy mailed to you for your records.
Year-end reporting will be handled much the same way except W-2's will be sent to you for review before being submitted to the Social Security Administration. After reviewing, distribute to your employees and or call NetChecks with the OK for submission.
A law recently enacted requires employers to register all new employees to comply with the Welfare Reform Act. NetChecks will report all new hires upon receiving your new employee's information.
BOOKKEEPING SERVICES:
Upon receipt of your business activity updates*, NetChecks will provide you with monthly reports summarizing the information. These updates* should include: a copy of your checkbook register (with as detailed memos as possible) and a copy of your bank statement for performing the bank reconciliation; a list of invoices sent out or total sales for the week, if you would like NetChecks to maintain a current accounts receivable (accrual accounting) if not, your sales will be accounted for when payments are received (cash accounting); a list of incoming bills, if you would like NetChecks to maintain a current accounts payable (accrual accounting) if not, your bills will be accounted for at the time they are paid (cash accounting).
This information can be sent by mail, fax, or if you have a scanner.
PO Box 11227 Conway Arkansas 72034
Fax#: (240) 539-8674
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