Ascension Accounting, Inc.

Business Finances for Success

Bookkeeping service in Salem, OR (show on map)

5.0

★★★★★

7 reviews

A Salem, Oregon-based accounting firm offering tailored bookkeeping, payroll, and reporting services.

Call (503) 588-8080

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About

Ascension Accounting, founded by Gloria Petrie in 2003, is a collective group of experts that tailor bookkeeping, payroll, and reporting services, ensuring your business runs smoothly with peace of mind. The firm specializes in full-cycle bookkeeping, QuickBooks setup, payroll processing, financial reporting, and account cleanup, serving small to mid-sized businesses across various industries in Salem, Oregon and beyond.

Full-cycle bookkeepers providing a complete view of financial health

Tailored services addressing unique financial challenges

Team approach with cross-training and coverage

Extensive experience across diverse industries

Personalized support and expert guidance

Detailed reports for management and coordination with CPAs

Services

Bookkeeping & Accounting

Full-cycle bookkeeping including transactional processing, accounts receivable/payable, adjusting journal entries, monthly reconciliations, and financial reporting.

Analysis of established books Accounts Receivable Accounts Payable Transactional Processing Complex Accounting Transactions Adjusting Journal Entries Monthly Reconciliations Account Clean Up Previous Year Books Poorly Managed Books Payroll Liability Clean Up Conversion from QuickBooks Desktop to QuickBooks Online

Payroll Set Up & Processing

Comprehensive payroll services from setup to processing, including tax deposits, W-2/1099 preparation, and workers compensation tracking.

Employee check calculation and pay stub generation Direct deposit paychecks Standard or customized payroll report generation Comprehensive payroll tax liability and expense tracking Payroll tax deposits paid electronically on EFTPS and Revenue Online Workers compensation tracking and reporting Oregon Saves registration Annual W-2 preparation Annual 1099 review Payroll software programs: Quickbooks Online Payroll, Quickbooks Desktop Payroll, Thomson Reuters Accounting CS Payroll

QuickBooks Setup

Setup and configuration of QuickBooks Desktop and Online, including datafile customization and chart of accounts establishment.

QuickBooks Desktop and Online setup Datafile customization Chart of accounts establishment QuickBooks Budgeting setup Support of migrations to new software

Financial Reporting

Preparation of detailed financial reports including balance sheets, profit and loss statements, trial balances, and customized cash flow reporting.

Monthly, Quarterly and Yearly Financial Reporting Balance Sheet, Profit and Loss, Trial Balances and General Ledger Reports Fixed Assets, Inventory, and Loans Customized Reporting Cash Flow Reporting

New Company Setup & Administrative Tasks

Business registration, payroll account setup, and administrative support for new entities.

Establish QuickBooks chart of accounts and new company profile Submit forms to State to request BIN for new payroll accounts Submit Change in Business Status forms Registration and Annual Renewal of Business Registration Set up of insurance and benefits assistance

Account Clean Up

Cleanup and reconciliation of poorly managed or messy bookkeeping records.

Account Clean Up Previous Year Books Poorly Managed Books Payroll Liability Clean Up

Credentials & Certifications

Gloria Petrie - Founder/President with over 20 years of industry experience

Since 2003

Reviews

Rating

★★★★★

Reviews

Frequently Asked Questions

Can Ascension Accounting help me set up Quickbooks? +

Yes, we have worked extensively with both the desktop and online programs and can set up your datafile so that it is specific to your individual entity's needs.

What can I expect as a client when working with you? +

Our approach is to truly understand your business, how it works, and what you need to track and analyze. We take the time to learn about your business and operations so that our recommendations meet the needs of your entity. You can expect to have multiple team members working on your account for cross-training and coverage.

Do you meet in person? +

Yes, we prefer to initially meet in person as it is vastly more efficient and helps facilitate a smooth transition. We are happy to meet at your location or at our office. Remote sessions or phone calls are also available.

What is a full charge bookkeeper? +

A full charge bookkeeper handles standard bookkeeping tasks but also does additional, more complex duties. They have the experience and knowledge to take full responsibility for a company's finances, including preparing monthly statements, balance ledgers, financial reports for the CPA, and understanding GAAP concepts, double-entry bookkeeping, and trial balances.

What is full cycle accounting? +

Full cycle bookkeeping, also known as full cycle accounting, is the process of recording all business transactions during an accounting period, from the beginning to the end. It ensures accurate and up-to-date records to help businesses make informed decisions and comply with tax regulations.

Bookkeeping vs Accounting: What's the Difference? +

Bookkeepers and accountants sometimes do the same work but have different skill sets. Our team records transactions and keeps records organized so financial reporting is meaningful for you and your CPA. We process all activities an accountant needs for consultation, analysis, and tax advice.

Why hire Ascension Accounting vs trying to handle the accounting on my own? +

Without proper setup and understanding of accounting processes, bookkeeping software may classify transactions into categories not truly reflective of your business activities. This can lead to messy books that are costly to clean up. Our team approach ensures issues are verified and reviewed before reporting is complete.

Ascension Accounting rates seem high. Why should I not hire my own staff person? +

When considering the fully loaded hourly rate of an employee (including payroll taxes, benefits, worker compensation, and PTO), it is not an apples-to-apples comparison. Our team has years of experience, and our cross-trained team approach ensures most issues can be verified and posted correctly, reducing the risk of IRS audits and penalties.