What You Need to Know About a Qualifying Life Event
by Rachel Gray @ Payroll Tips, Training, and News
Mon Mar 12 05:10:40 PDT 2018
Employees have a window of time each year to sign up for certain types of employer-sponsored insurance. Although this open enrollment period takes place at the end of each year for all employees, an employee can add or remove coverage at any time of the year if they have a qualifying life event. What is […]
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How to Waive the University Health Insurance
by Office of the Bursar @ Bursar's Office
Wed Jun 08 07:36:22 PDT 2016
Please follow these steps to waive the University Health Insurance: http://www.peoplesofthelp.uconn.edu/student/st34cs90.html Deadline: Fall waivers must be submitted prior to September 15th.
Will the Courts Accept a Jury Duty Excuse Letter If You’re in a Pinch?
by Rachel Gray @ Payroll Tips, Training, and News
Mon Mar 19 05:10:23 PDT 2018
Sometimes, you or your employees’ personal responsibilities conflict with your business. For many small businesses, if you miss work or lose an employee for an extended period of time, there can be harmful effects on productivity in the workplace. But if you or an employee are called in for jury duty, you might not have […]
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Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount
by Rachel Gray @ Payroll Tips, Training, and News
Wed Feb 28 05:10:52 PST 2018
It’s easy to make mistakes, especially when you have a million and one things on your plate. One error you could make is deducting the wrong amount from employee wages. Correcting employment taxes is necessary if you withhold too much or too little from your employees’ paychecks. This article provides an overview of employment taxes […]
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Direct Deposit Information and Forms | SunTrust Personal Banking
SunTrust
Set up direct deposit with SunTrust and get faster access to your paychecks, social security benefits, and any other payments.
Should I Pay Myself with a Salary or Owner’s Draw?
by Blog Posting @ MyVAO
Tue Mar 13 04:33:22 PDT 2018
As a business owner, you might be wondering how you’ll receive compensation for your work. Generally speaking, business owners can pay themselves with salary and/or owner’s draw. While both options involve funneling money from the business to the owner’s personal bank account, there are some stark differences between the two. Salary vs Owner’s Draw: The […]
How do I update my direct deposit account in ADP?
Shiftgig
Changes to your deposit account may take up to two pay cycles for changes to take effect. Make sure to retain access to your old account for two full weeks after updating your account.To update yo...
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PNC
We can help you gain the confidence you need to make important financial decisions for you, your family or your business.
How to Print Multiple Invoices at Once
by Blog Posting @ MyVAO
Tue Mar 06 04:35:13 PST 2018
As your business picks up and the sales begin flooding in, you may find yourself printing dozens or even hundreds of invoices. While you can always print them one by one, doing so is both time consuming and tedious. Thankfully, Quickbooks allows you to print multiple invoices at once. Opting for this method will undoubtedly […]
How to Calculate a Raise
by Rachel Gray @ Payroll Tips, Training, and News
Wed Mar 14 05:10:09 PDT 2018
Employees have money on their minds. According to a Gallup poll, 59% of employees were not completely satisfied with their current pay. And, one SHRM survey found that 44% of respondents said they would leave their job to make more money elsewhere. To avoid losing their top employees, many businesses offer pay raises. Learn why employee […]
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When Does Direct Deposit Go Through? | Patriot Software
Payroll Tips, Training, and News
If you pay some employees via direct deposit, they might ask you when they will receive their wages. When does direct deposit go through?
Important Escrow Breakage Charge Changes
by Office of the Bursar @ Bursar's Office
Wed Jun 07 06:52:15 PDT 2017
The University is no longer charging students a $50 Escrow Breakage Deposit during their first semester. The Office of the Bursar is currently in the process of reversing the $50 Escrow Breakage Deposit charge on all current student accounts. The $50 credit will then be put toward the Fall 2017 fee bill. If you have any […]
What is Residual Value in Accounting?
by Blog Posting @ MyVAO
Mon Mar 26 05:05:56 PDT 2018
In accounting, residual value is the estimated value of an asset at the end of its lifespan or lease. When you lease a new car, for instance, it’s typically worth the most money before you drive it off the lot. The residual value, however, is the value of the leased car at the end of […]
Consult This Employee Termination Checklist to Keep Things Running Smoothly
by Rachel Gray @ Payroll Tips, Training, and News
Wed Mar 07 05:10:00 PST 2018
Employees leave companies every day to pursue growth opportunities, accommodate personal lives, or experience change. As an employer, you hope employees won’t leave your business, but you know this is wishful thinking. When an employee resigns, you need to know what to do. The average annual overall turnover rate is 19%, according to SHRM. If […]
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How to Record an NSF Check From Customers in Quickbooks
by Blog Posting @ MyVAO
Mon Mar 19 06:37:51 PDT 2018
When a customer’s check is returned due to non-sufficient funds (NSF), you must record the failed payment accordingly in Quickbooks. Otherwise, your books will show inflated revenue, which can throw off your entire business’s accounting practices. Assuming you run Quickbooks in single-user mode, you can record an NSF check in just a few simple steps. […]
What is a Purchase Order in Quickbooks?
by Blog Posting @ MyVAO
Tue Feb 27 08:33:49 PST 2018
When using Quickbooks, you may come across the term “purchase order.” So, what is a purchase order exactly, and how do they work? Overview of Purchase Orders A purchase order is a document stating the intent to purchase products, goods or services offered by another company. It contains detailed information about the intended purchase, including […]
A Look at Federal, State, and Local Minimum Wages
by Mike Kappel @ Payroll Tips, Training, and News
Wed Mar 21 05:30:00 PDT 2018
You can’t just pay your employees any amount you want. You must follow federal, state, and local laws that set minimum wages. What is minimum wage? Minimum wage is the lowest amount you can pay an employee per hour of work. You can pay more than the minimum wage, but you should never pay less […]
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How to Record a Vendor Refund in Quickbooks
by Blog Posting @ MyVAO
Mon Mar 05 05:33:39 PST 2018
It’s not uncommon for business owners to receive refunds from vendors. There are a few different scenarios in which a vendor may issue a refund. If you accidentally paid the same bill twice, or overpaid a single bill, the vendor may issue you a refund. Another instance in which a vendor may issue a refund […]
What Are Accruals in Business Accounting?
by Blog Posting @ MyVAO
Mon Mar 12 08:02:16 PDT 2018
In business accounting, you may come across the term “accrual.” Basically, this term refers to revenue that has been earned but not yet officially recorded. If you ship a product or service, for instance, you may use accrual accounting to keep track of such revenue. Even if the customer hasn’t paid, you can still record […]
How to Set Up and Track Sales Tax in Quickbooks
by Blog Posting @ MyVAO
Sun Feb 18 03:36:37 PST 2018
Still struggling to set up and track sales tax using Quickbooks? It’s actually a relatively easy process that should only take a few minutes. To get started, log in to your Quickbooks acount and select “Taxes” on the left navigation menu in the “Sales Tax Center.” From here, you’ll need to click “Add/edit tax rates […]
What Does Pay Frequency Mean?
by Michele Bossart @ Payroll Tips, Training, and News
Wed Feb 21 05:10:38 PST 2018
When you have employees, you need to run payroll so they can receive their wages. Before paying employees, you need to decide on a pay frequency. Your industry, the number of employees you have working for you, the type of workers you have, and legal requirements determine your pay frequency. But first, what does pay […]
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Can You Reverse a Journal Entry in Quickbooks?
by Blog Posting @ MyVAO
Tue Mar 20 03:38:05 PDT 2018
In Quickbooks, you can create and use journal entries to log transactions. Each journal entry contains information about the transaction, including the total dollar amount of the credit or debit. You can easily create them by logging in to your account and accessing Company > Make General Journal Entries, at which point you can follow […]
How to Delete a Bank Account of Credit Card From Quickbooks
by Blog Posting @ MyVAO
Tue Mar 27 05:39:50 PDT 2018
It’s not uncommon for business owners to stop using a particular bank account or credit card tied to their Quickbooks account. There are a few different ways to remove them, including disconnecting the financial account or deleting it. When you disconnect an account, it remains active in Quickbooks, but Quickbooks will no longer pull data […]
What Is an FEIN?
by Mike Kappel @ Payroll Tips, Training, and News
Mon Feb 26 05:10:00 PST 2018
When you run a business, you must meet many IRS requirements. You might need an FEIN to identify your business on documents like payroll tax forms. What does FEIN mean? What is an FEIN? FEIN is an acronym for Federal Employer Identification Number, also known as an EIN. This unique, nine-digit number is used by […]
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Should You Offer a Nonqualified Deferred Compensation Plan?
by Mike Kappel @ Payroll Tips, Training, and News
Mon Mar 26 05:10:00 PDT 2018
You know employees like employer-sponsored benefits. As an employer, offering benefits is advantageous for your business, too. A nonqualified deferred compensation plan is one type of benefit that both you and your employees can enjoy. Find out what a nonqualified deferred compensation plan is, why you might consider offering it, and how to set it […]
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Answers to 18 Payroll Questions You Are Dying to Ask
by Rachel Gray @ Payroll Tips, Training, and News
Mon Mar 05 05:10:18 PST 2018
For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions. Payroll questions and answers When you become an employer, you need […]
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