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Is it done correctly? Is it managed completely?
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Yes....Yes....Yes...Yesssss. Payroll.
Far and away the largest expense for most businesses. And it doesn’t seem to get smaller, does it?
Payroll actually has a few components, and managing these components is rather important to the overall operation of a business.
Most are familiar with the actual operational function of payroll. That would be:
- Calculating Checks
- Printing Checks
- Distributing Checks
Many overlook the importance of keeping track of all of this. And by keeping track, we don’t just mean cataloguing what has been distributed. There are other steps, including:
- Tax Reports
- Payroll analysis
- Overall Payroll Management
Larger companies understand that the payroll expense can provide a lot of information, and since it is the company’s largest expense, the better you can manage this expense, the better off you are.
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