Balance Positive

Balance Positive is a bookkeeping and payroll firm set up for small business owners who want their accounts run in the cloud. It moves clients onto online accounting software, keeps their records organised and processes staff pay and payroll tax filings.

What Balance Positive does

• Bookkeeping: downloading and filing bank and card statements, cheque images, deposit slips, receipts and bills into the client's accounting system.
• Reconciliation: matching bank and credit card accounts each period.
• QuickBooks Online set-up: first-time set-up or clean-up of existing files, plus moves to cloud software.
• Sales tax: preparing and filing sales tax returns.
• Payroll: direct deposit of pay, a portal where employers and staff download pay stubs and reports, and filing of quarterly and annual payroll taxes.
• Year-end forms: preparing W2 and 1099 forms.

Clients

The firm focuses on small businesses looking for simpler, cloud-based processes.

Key facts

• Platform: QuickBooks Online
• Billing: fixed-rate arrangements for bookkeeping and payroll