Bookkeeping Goodfellow LLC offers six connected services, each one a posted slip in the daybook rather than a disconnected product. Read them in sequence, because most clients begin with monthly bookkeeping and grow into the wider set as their business changes.
01
Monthly Bookkeeping and Reconciliation is the desk where everything else begins. We collect your bank statements, card statements, merchant processor reports and source documents, then code each transaction into a chart of accounts shaped to your business. Coding is not a mechanical exercise. A restaurant, a design studio and a plumbing contractor all need different account structures, and we build the structure before the first entry is posted.
Once the entries are in, reconciliation follows. Bank accounts, credit cards and merchant clearing accounts are matched line by line against the general ledger until every item agrees or is explained. Unmatched amounts are investigated, not buried in a suspense account. At the close of the month we produce a trial balance that balances, a short list of anything still open, and a plain summary of what moved and why. You finish each month knowing the real position of your cash and your profit, not a guess assembled from memory.
Clients who want the complete picture pair this service with Financial Statement Preparation so the reconciled numbers are turned into reports that lenders and tax preparers can rely on.
02
Payroll Processing handles the most time sensitive part of the counter. We gather hours, salaries, commissions and approved adjustments for each pay period, calculate gross and net pay, and withhold federal and state income tax along with the required employer contributions. Payslips are issued on schedule so your team is paid accurately and on the day they expect.
Behind each run sits a calendar of obligations. Deposit schedules are met, quarterly payroll returns are prepared and filed, and year end forms are produced for every employee. We reconcile the payroll liability accounts every period so that what you owe the authorities is always visible rather than discovered. For owners who take a wage, we also track owner draws and distributions carefully so personal and business funds do not blur together.
Because payroll depends on clean books, this service works best alongside Monthly Bookkeeping and Reconciliation, which keeps the underlying accounts ready for each run.
03
Sales Tax Filing keeps a growing business on the right side of state and local rules. We separate taxable sales from exempt sales through each reporting period, apply the correct rates for the jurisdictions where you operate, and prepare the return for lodging on the correct date. Whether you file monthly, quarterly or annually, the deadline is treated as a bead on the rod that must be counted.
The supporting detail matters as much as the return itself. We retain a clean audit trail that connects every reported figure back to a sale in your records, so a future review by a tax authority begins from solid ground. When rates change or a new jurisdiction applies because you shipped elsewhere, we update the setup before the next period closes.
Sales tax is closely tied to revenue tracking, which is why we recommend pairing this service with Accounts Payable and Receivable and the monthly close.
04
Accounts Payable and Receivable manages the two directions money travels through your business. On the payable side, supplier bills are entered, matched to purchase records and scheduled so that obligations are met on time without draining cash earlier than necessary. Discounts for early payment are captured where they help, and disputed invoices are flagged before they become overdue.
On the receivable side, the invoices you issue are tracked to collection. We keep an aged list of what is outstanding, note which customers are current and which are slipping, and prepare polite follow up when a balance passes its terms. A clear view of receivables is often the fastest way to improve cash flow, because it turns slow payers into a visible list rather than a vague worry.
The result is a tighter working capital cycle. Payables and receivables feed directly into Financial Statement Preparation, where the resulting cash position is reported clearly each month.
05
Financial Statement Preparation turns the posted daybook into reports you can act on. We assemble a profit and loss statement for the period, a balance sheet at the close date and a cash flow view that shows how money actually moved. Each statement is built from reconciled accounts, so the figures agree with the trial balance rather than contradicting it.
Statements are formatted for their audience. An owner receives a readable version with the important movements highlighted. A lender receives a clean package suitable for a loan or a line of credit. A tax preparer receives supporting schedules that make the annual return straightforward. Every package is explained at the counter before it is delivered, because a report nobody understands is a report that changes nothing.
This service is the natural bridge to Business Advisory Sessions, where the statements become the agenda for planning the next quarter.
06
Business Advisory Sessions are a scheduled hour at the counter where your numbers become decisions. With the statements in front of us, we review margins, cost trends, cash timing and break even points, then discuss the choices you are actually facing. Maybe a price increase is overdue, maybe a new hire is affordable, maybe a loan application needs a stronger package before it is submitted.
These sessions are quarterly by default, with extra meetings around a major decision such as buying equipment, taking on a lease or adding a partner. They are not sales pitches. They are working meetings grounded in your own ledger, and they continue only as long as they add value. Many clients find that one focused hour each quarter saves far more than the cost of the meeting.
Advisory depends on the whole chain working: Monthly Bookkeeping and Reconciliation, Payroll Processing, Sales Tax Filing, Accounts Payable and Receivable and Financial Statement Preparation all feed the conversation.
Every service follows the same four beats, whether you begin with a single monthly close or the full set of slips on the counter.
We meet, learn how the business actually earns and spends, and build a chart of accounts that mirrors it. Access is arranged to your banks, cards and processors so the data flows without chasing.
Transactions are coded and every account is reconciled against the ledger until it agrees. Open items are investigated and explained rather than carried forward in silence.
Statements are prepared, reviewed and delivered with a plain summary. Payroll, sales tax and receivables obligations are confirmed as filed, paid or scheduled.
Advisory sessions read the reports together and decide what to do next, so the books keep serving the business rather than sitting in a drawer.
Bookkeeping Goodfellow LLC opens its quarter-end reconciliation window for small businesses across Salt Lake City, and the counter keeps a place for yours whenever the books are ready.