Cloudbook365 › Services › Payroll bookkeeping
Payroll bookkeeping services
We record and reconcile your payroll in your books every pay cycle, so labor costs, taxes and liabilities are accurate in your reports.
Overview
Payroll that agrees with your books
Your payroll provider runs payroll. We make sure it lands correctly in your accounting: wages, employer taxes, benefits and withholdings, matched to your bank.
We work with the payroll provider you already use. We do not run payroll or file payroll taxes. We make sure the records are right, so your reports reflect what you actually pay.
What is included
01
Payroll journal entries
Each pay run recorded with wages, taxes and deductions in the right accounts.
02
Bank reconciliation
Payroll transfers matched to your bank every pay cycle.
03
Tax liability tracking
Payroll tax liabilities tracked so balances agree with your provider's reports.
04
Benefits and deductions
Benefit costs and withholdings posted correctly.
05
Labor cost reporting
Payroll costs by department, location or property where you need it.
06
Contractor tracking
Contractor payments tracked separately and kept ready for year-end 1099 reporting.
What you can expect
Payroll numbers you can trust
Accurate labor costs
Reports that show what your team really costs.
Balanced liabilities
Payroll tax balances that agree with your provider.
No duplicate entries
One clean record per pay run.
Easier year-end
Totals that agree with the forms your provider issues.
Related services
FAQs
Questions, answered
Do you run payroll?
No. Your payroll provider runs payroll and files payroll taxes. We record and reconcile it in your books.
Which payroll providers do you work with?
Any provider that gives you payroll reports we can work from, which covers most major providers.
How often do you record payroll?
Each pay cycle or monthly, depending on your schedule and how closely you want to track labor costs.
What about contractors?
Contractor payments are tracked separately so they are ready for year-end 1099 reporting.
Does this include W-2s?
Your provider issues the forms. We make sure the totals agree with your books.
Make payroll and your books agree
Book a free consultation and we will review how payroll flows into your accounting today.