Affiliated Foods Midwest has in-house retail accounting to fulfill your accounting needs.

• Monthly Bank Reconciliations
• Monthly Sales Tax Returns
• Quarterly and Year-End Payroll Tax Returns
• W-2s and 1099s at the end of December
• Monthly General Ledger with Supporting Journals
  • Cash Disbursements will show your individual checks
  • Cash Receipts will show your weekly sales reports
  • Journal Entries will show adjustments to your general ledger
• Monthly Financial Statements and Quarterly Financial Statements.
• Your insurance payments for Workers Comp and business package are put in a prepaid account and expensed off over the policy period.
  • Depreciations are recorded weekly or monthly
  • Real Estate and Personal Property taxes are recorded weekly.
  • If you have loans that you are not making monthly payments on,we accrue the interest weekly or monthly.
• We do not do Income Tax
  • However,we will prepare your year-end to enable your accountant to do your Income Tax.
  • We will also work with your accountant to provide any supporting documentation needed.
• Fees are charged weekly on your Statement and are based on your weekly average sales. Retail Payroll Service
• You transmit your hours from your payroll over your order entry machine or from your computer.
• We will generate a department break down, Payroll Register, Deduction Register, Check Register, and an accumulative Year-to-Date, along with Payroll Checks.
• The Payroll Checks are set up for your signature from our Bank Account based on your store number. After the checks are cashed we will receive them back with our Bank statement with which we will reconcile.
• Reports we will prepare
  • We will calculate the Federal Tax Deposit, tell you how much to pay, and when to pay it by.
  • We will prepare your Quarterly and Year End Payroll Reports
  • We will prepare your W-2s