Understanding the Invoice Process and its Challenges
by Brian Edgmon @ ACOM Solutions Inc.
Thu Feb 08 10:07:58 PST 2018
Receiving an invoice is the first step in the AP department payment process, but many people do not understand all the steps necessary in receiving, verifying, and tracking those invoices. It can be a complicated process and involves many steps that are crucial in maintaining accurate financial records. Manual invoice processes can present challenges to […]
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Set Up Your Company to Pay Employees with Direct Deposit
Central National Bank - Waco
If you’re a business owner or manager looking to pay your employees with direct deposit, figuring out where to start can be a little tricky.
Stop Flying Blind with your Payments Reporting
by Brian Edgmon @ ACOM Solutions Inc.
Fri Feb 02 15:45:22 PST 2018
Analytics and reporting is all the rage in corporate boardrooms. Businesses want to know where they stand with their cash at any moment. It is no wonder that more businesses are rethinking how they track and report on supplier payments. A study published by Ardent Partners finds that 40 percent of businesses rank improving supplier […]
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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?
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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The Benefits of Direct Deposit for Salary Checks | NFIB
NFIB
The majority of employees in the United States are paid with direct deposit because of cost and convenience benefits to both employers and employees.
Direct Deposit 101
Namely: Blog
Getting paid on payday seems like magic. Here’s how our country’s preferred payment method really works.
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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What Should HR Do When a Manager is Dating a Direct Report?
by Rachel Bolsu @ Namely: Blog
Thu Mar 08 01:30:00 PST 2018
8 HR pros weigh in on how they would handle this case of love at work.
When to Pay Employees for FLSA Hours Worked
by Kaylee Riley @ Payroll Tips, Training, and News
Wed Mar 28 05:15:18 PDT 2018
When nonexempt employees are doing their primary job duties, it’s easy to tell that they are working. Their working time should be compensated. But, when nonexempt employees are not doing their main job duties, it can be more difficult to tell if they are working and if they should be compensated. The Fair Labor Standards […]
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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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Capture Early Pay Vendor Discounts with an Automated ePayables Solution
by Brian Edgmon @ ACOM Solutions Inc.
Mon Nov 13 13:47:51 PST 2017
If you are a B2B company, you know that processing payments efficiently is one of the best ways to maintain positive client relationships. You may also know about the high cost that can be associated with issuing payments efficiently, especially via paper checks, which is currently estimated to be $26 to $54 billion annually! This […]
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Key Benchmarks to Measure the Effectiveness of your Accounts Payable
by Brian Edgmon @ ACOM Solutions Inc.
Thu Nov 09 09:16:09 PST 2017
Over 40 years ago, renowned management consultant Peter Drucker said, “What gets measured gets improved.” That concept is still true today, and it applies to accounts payable processing. The questions for CFOs and Controllers are, “What do I measure?” and “How do I know if my numbers are great or just okay?” The key to […]
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7 Ways Electronic Payments Save Businesses Money
by Brian Edgmon @ ACOM Solutions Inc.
Wed Jan 31 12:21:25 PST 2018
Across the corporate enterprise, departments are always looking for ways to reduce costs. This is especially true in accounts payable, as reducing costs is among the top priorities of most accounts payable departments. Ardent Partners finds: One way to achieve this objective is pay suppliers electronically, instead of with a paper check. In fact, some […]
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Change your payment method to direct deposit
Gusto
If you're set up for a check payment method, you can change this to direct deposit from your Gusto account. We can only accept transactional bank accounts or prepaid debit cards for employee direct...
Skip a Loan Payment this November
by Admin @ MembersOwn Credit Union
Mon Oct 02 10:00:26 PDT 2017
MembersOwn offers you a way to skip a payment and put extra “jingle” in your pocket this holiday season. To skip your loan payment(s) this November, simply download the Skip-a-Loan Form then return it to MembersOwn two weeks prior to the due date of the loan(s) you want to skip.
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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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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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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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What is Direct Deposit? - Definition from Techopedia
Techopedia.com
Direct Deposit Definition - Direct deposit is the electronic payment transfer of paid sala
ACH vs. Direct Deposit - ACOM Solutions Inc.
ACOM Solutions Inc.
Direct deposit is a type of payment sent through the Automated Clearing House network, much like ACH debit or credit transactions. For employees, direct deposit is a quick and flexible way to be paid. Since direct deposit relies on bank account information, employees or vendors can direct payment into different types
This Is How Chime Gets You Paid Early
Chime Banking
At Chime, we love hearing from our Members. Your feedback motivates us every day to design a bank account that helps you take better control of your finances and get ahead. We often hear that one of our
HomePay, Provided by Breedlove
HomePay, Provided by Breedlove
The nanny tax professionals of Care.com HomePay provide easy and affordable payroll services for families with household employees. Contact us to speak to a tax expert today.
PNC
PNC
We can help you gain the confidence you need to make important financial decisions for you, your family or your business.
Direct Deposit - Harvester Financial Credit Union
Harvester Financial Credit Union
Direct Deposit Have your paycheck, Social Security check, pension checks or tax refund electronically deposited into your designated credit union account and avoid those extra trips, lost checks or waiting in line. The following types of check are common for direct deposit: Social Security or Supplemental Security income Military or recurring allotments State or federal…
How AP Automation Can Simplify Your Bank Reconciliation Process
by Brian Edgmon @ ACOM Solutions Inc.
Tue Nov 07 06:07:39 PST 2017
Bank reconciliation is a necessary but often painful process that companies should regularly complete for cash management purposes. Without an accurate picture of your company’s financial state, you could end up bouncing payments, incurring late payment fees, or end up with insufficient fund charges. Your staff should be diligent in their record keeping to maintain […]
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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.
How to Setup Direct Deposit
Bank of America
Bank of America direct deposit makes it easy for you to deposit checks into your account automatically. Learn about setting up direct deposit today.
Turning AP into a Strategic Partner to the Enterprise
by Brian Edgmon @ ACOM Solutions Inc.
Wed Feb 21 10:28:53 PST 2018
The accounts payable function is eager to shed its image as a tactical back-office function. Most accounts payable professionals predict that their department will be “slightly” or “significantly” more strategic in the eyes of senior management within the next five years, per the Institute of Financial Management’s (IOFM) The Future of Accounts Payable survey conducted […]
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How Innovations to Your Accounts Payable Department can Modernize Enterprise Planning for 2018
by Brian Edgmon @ ACOM Solutions Inc.
Mon Jan 22 17:02:57 PST 2018
Companies today are looking for ways to improve their ability to generate, analyze, and share data across their enterprise. Better metrics not only lead to overall cost reductions, but actually increase your productivity as well. There are countless technology solutions for every area in an organization – such as CRM software to manage customer service […]
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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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Direct Deposit & Payroll Deduction Services - Texas Bay Credit Union
Texas Bay Credit Union
Overview ACH Direct Payment Safe Deposit Boxes Same Day ACH ***EXPECTING A DIRECT DEPOSIT FOR YOUR IRS TAX REFUND? VISIT IRS.gov TO LEARN WHEN YOUR PAYMENT WILL POST.*** Direct Deposit and Payroll Deduction Direct deposit authorization of your paycheck, retirement, or Social Security check allows your money to be sent directly to the account you designate, with …
Should You Pay Employees by Check or Direct Deposit?
Service Business Blog with Resources, News, and Tips | Jobber Academy
Planning on hiring? Welcome to the world of payroll decisions. We’re going over the pros and cons of paying employees by check or direct deposit.
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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Cities and Municipalities Can Jump off the Invoice Processing Treadmill
by Brian Edgmon @ ACOM Solutions Inc.
Thu Mar 08 10:43:12 PST 2018
The accounts payable departments at cities and municipalities must feel like they are on a treadmill. Much of their day is spent on transaction processing such as: Keying invoice information Tracking down approvals Physically routing invoices Following up on approvals Resolving exceptions via back-and-forth e-mails and phone calls Keying information on approved invoices into an […]
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ACH Direct Deposit/Payments | Union Community Bank
Union Community Bank
Union Community Bank offers ACH direct deposit services, allowing payments such as paychecks or purchase payments to be sent directly to an account.
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
Investopedia
Direct deposit is the deposit of electronic funds directly into a bank account rather than through a physical paper check.
Transform Your Invoice Process with ACOM’s AP Automation
by Brian Edgmon @ ACOM Solutions Inc.
Fri Nov 03 15:49:04 PDT 2017
By now, most businesses are capitalizing on improved automation solutions for their AP processes. From processing invoices all the way to paying vendors, the AP department faces a lot of challenges that can be solved through innovative automation solutions. But what exactly does this mean? Streamlining processes through automation involves understanding organization needs and smoothly […]
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