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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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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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 […]

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 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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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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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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LMU Alumni Preferred Auto Lender

by Sara Stern @ University Credit Union

Tue Nov 08 00:03:45 PST 2016

Exclusive auto financing offers available for LMU alumni through University Credit Union. For every car financed, University Credit Union will make a donation back to the LMU Alumni Association. Purchase a new car or refinance your current auto loan and get great rates. Refinance •    Lower your monthly payment •    Apply for approval and receive … Continue reading LMU Alumni Preferred Auto Lender

LMU Half-Court Shot for LMU Tuition

by Oindi Ghosh @ University Credit Union

Fri Oct 20 14:26:02 PDT 2017

Click here to download an entry form. UNIVERSITY CREDIT UNION HALF-COURT SHOT FOR LMU TUITION SWEEPSTAKES OFFICIAL RULES (1) NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. THIS SWEEPSTAKES IS SUBJECT TO ALL APPLICABLE FEDERAL AND STATE LAWS AND REGULATIONS AND … Continue reading LMU Half-Court Shot for LMU Tuition

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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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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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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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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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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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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Make Shopping Safer with Android Pay

by Oindi Ghosh @ University Credit Union

Tue Oct 24 14:17:54 PDT 2017

There’s now a way to make shopping with your UCU cards easier. Add your UCU credit and debit cards to Android Pay, and start shopping in stores, in apps, and online. Android Pay™ lets you seamlessly tap and pay with your device at more than one million stores in the U.S. – with more locations being … Continue reading Make Shopping Safer with Android Pay

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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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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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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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 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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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. […]

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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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 […]

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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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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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 […]

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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