Alissa – Healthcare
by Marysol Hernandez @ Oasis Outsourcing
Tue Mar 06 06:18:10 PST 2018
Client Testimonial “Our Oasis payroll representative is always patient with our many questions and provides us with quick and simple answers and resolutions.” – Alissa H. (Healthcare)
Depreciable asset
by Steven Bragg @ Articles - AccountingTools
Wed Mar 28 13:48:00 PDT 2018
A depreciable asset is property that provides an economic benefit for more than one reporting period. A capitalization limit may also be applied to keep lower-cost purchases from being classified as depreciable assets. A qualifying asset is initially classified as an asset, after which its cost is gradually depreciated over time to reduce its book value. Examples of the classifications of assets used to record depreciable assets are:
- Buildings
- Computers and software
- Furniture and fixtures
- Land
- Machinery
- Vehicles
The time period over which an asset is depreciated depends on its classification. Land is not depreciated at all, since it is considered to have an infinite lifespan.
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IRS Announces 2018 Filing Season Opens January 29, Reminds Taxpayers About Delayed Refunds
by The Advantage Team @ Mass Advantage Payroll
Fri Jan 05 11:28:19 PST 2018
Kelly Phillips Erb – Forbes The Internal Revenue Service (IRS) has announced that tax season will open on Monday, January 29, 2018. The IRS will begin accepting paper and electronic tax returns that day, with more than 155 million individual tax returns expected to be filed in 2018. This is a week later than had been widely […]
Overtime Changes Temporarily On Hold
by K4Gm6ctzxs55Wx3T @ Payroll Direct | Your Customized Payroll Solution
Wed Dec 14 11:59:19 PST 2016
A federal judge for the U.S. District Court for the Eastern District of Texas has issued a nationwide preliminary injunction on the Department of Labor’s...
The post Overtime Changes Temporarily On Hold appeared first on Payroll Direct | Your Customized Payroll Solution.
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 […]
The post What Is an FEIN? appeared first on Payroll Tips, Training, and News.
Minnesota Minimum Wage Increase
by K4Gm6ctzxs55Wx3T @ Payroll Direct | Your Customized Payroll Solution
Wed Dec 14 11:57:28 PST 2016
Effective August 1, 2016, the minimum wage in the state of Minnesota will increase. For Small Employers, the minimum wage will increase from $7.25 to...
The post Minnesota Minimum Wage Increase appeared first on Payroll Direct | Your Customized Payroll Solution.
Kevin – Working at Oasis
by Marysol Hernandez @ Oasis Outsourcing
Wed Feb 21 11:49:14 PST 2018
Oasis Insights Kevin Prince, Regional Service Director, Western Region What is the best thing about working at Oasis? “I enjoy working with a team of people who are committed to providing outstanding service. Many companies talk about providing great service, but I have seen the commitment here in many ways: the addition of the Field Service […]

Direct Deposit: Should You or Shouldn't You?
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Signing on with a small business payroll service like BenefitMall means making choices about how you want payroll processed. Among those choices is how employees will actually be paid.

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Following the recent implementation of the third phase of same-day ACH, now is a great time to revisit the benefits of this service for businesses and individuals.

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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.
Throughput definition
by Steven Bragg @ Articles - AccountingTools
Tue Mar 27 15:19:00 PDT 2018
Throughput is the number of units that pass through a process during a period of time. This general definition can be refined into the following two variations, which are:
- Operational perspective. Throughput is the number of units that can be produced by a production process within a certain period of time. For example, if 800 units can be produced during an eight-hour shift, then the production process generates throughput of 100 units per hour.
- Financial perspective. Throughput is the revenues generated by a production process, minus all completely variable expenses incurred by that process. In most cases, the only completely variable expenses are direct materials and sales commissions. Given the small number of expenses, throughput tends to be quite high, except for those situations in which prices are set only slightly higher than variable expenses.
For operations, throughput can be increased by enhancing the productivity of the bottleneck operation that is constraining production. For example, an additional machine can be purchased, or overtime can be authorized in order to run a machine for an extra shift. The key point is to focus attention on the productivity of the bottleneck operation. If other operations are improved, the overall throughput of the system will not increase, since the bottleneck operation has not been enhanced. This means that the key focus of investment in the production area should be on the bottleneck, not other operations.
For financial analysis, throughput can be increased by altering the mix of products being produced, to increase the priority on those products that have the highest throughput per minute of time required at the constrained resource. If a product has a smaller amount of throughput per minute, it can instead be routed to a third party for processing, rather than interfering with the bottleneck operation. As long as some positive throughput is gained by outsourcing, the result is an increased overall level of the throughput for the company as a whole.
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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 […]
The post Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount appeared first on Payroll Tips, Training, and News.
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 […]
The post What You Need to Know About a Qualifying Life Event appeared first on Payroll Tips, Training, and News.
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 […]
The post Consult This Employee Termination Checklist to Keep Things Running Smoothly appeared first on Payroll Tips, Training, and News.

Direct Deposit 101
Namely: Blog
Getting paid on payday seems like magic. Here’s how our country’s preferred payment method really works.
How to Prepare for an Interview When You’re Self-Employed
by Due.com @ Chime Banking
Tue Mar 27 13:03:23 PDT 2018
There are many myths about self-employment that people may start to mistake for fact. Working for yourself can be a great thing, but it doesn’t always mean you’ll be 100% in control of your career and the day-to-day operations. Often times, you’ll still have to work with others and may even have to please clients if you’re […]
The post How to Prepare for an Interview When You’re Self-Employed appeared first on Chime Banking.
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 […]
The post How to Calculate a Raise appeared first on Payroll Tips, Training, and News.
Price to book ratio
by Steven Bragg @ Articles - AccountingTools
Wed Mar 28 04:53:00 PDT 2018
The price to book ratio compares the current market price of a company's stock to its aggregate book value. When the ratio is excessively high, it can indicate that a company's shares are over-priced, especially when the ratio is high in comparison to the same calculation for other companies in the same industry. The calculation is:
Closing price of the stock ÷ (Total assets - Intangible assets - Liabilities)
Investors like to use the price to book ratio to search for undervalued companies, and invest in their stock in hopes of having the share price return to a more normal level over time. However, there are a number of issues with the ratio to be aware of, including the following:
- The ratio could be low because the company has been mismanaged, in which case there can be no expectation that the ratio will improve over time.
- The ratio could skewed too high because the company is using accelerated depreciation to write down the value of its fixed assets at an accelerated rate.
- The company may have valuable intellectual property that does not appear on its balance sheet at all, but which is being recognized by investors through a high market price for its stock.
- The company may be investing a large amount in research and development costs, which must be charged to expense as incurred, rather than capitalized. This tends to result in a comparatively low book value for the business.
- The ratio is not overly useful when evaluating services firms and technology companies, since these entities have comparatively fewer fixed assets on their balance sheets.
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Direct Deposit
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Most commonly used for payroll, Direct Deposit lets your employer electronically transfer money directly into your account.

Payroll Direct Deposit - Procare Support
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Procare Software - Support Knowledge Base for Procare Childcare Management Software.

How to set up payroll direct deposit
Help Center
This article applies to Payroll by Wave in Canada. If your business is located in the US, you may find this guide more helpful.Direct deposit means your employees can get paid automatically, and y...
Webinar – Family Accounting Account Billing
by Katie Anderson @ Procare Support
Mon Feb 12 13:29:44 PST 2018
How to charge a selected group of families or children for a particular one-time fee, like a field trip.
The post Webinar – Family Accounting Account Billing appeared first on Procare Support.
Webinar – Family Accounting Recording Deposits
by Katie Anderson @ Procare Support
Mon Feb 12 13:40:19 PST 2018
How to create a record of a bank deposit by selecting a group of payments received and “closing” them in a deposit report.
The post Webinar – Family Accounting Recording Deposits appeared first on Procare Support.
We’re Excited to Announce Secure Online Quarterly Tax Returns!
by K4Gm6ctzxs55Wx3T @ Payroll Direct | Your Customized Payroll Solution
Wed Dec 14 11:52:07 PST 2016
Payroll Direct is excited to announce that we will be using SHUGO to deliver your Quarterly Tax Returns to you in a secure and easy-to-access...
The post We’re Excited to Announce Secure Online Quarterly Tax Returns! appeared first on Payroll Direct | Your Customized Payroll Solution.

What do I do if an employee didn't receive their direct deposit?
Dominion Payroll: Help Center
If there is an issue with an employee's receiving bank account, typically DP will receive a notification from their bank within three business days of the original check date. Three business days m...

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.
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 […]
The post A Look at Federal, State, and Local Minimum Wages appeared first on Payroll Tips, Training, and News.

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 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 […]
The post Should You Offer a Nonqualified Deferred Compensation Plan? appeared first on Payroll Tips, Training, and News.
Turnover ratios
by Steven Bragg @ Articles - AccountingTools
Tue Mar 27 15:24:00 PDT 2018
A turnover ratio represents the amount of assets or liabilities that a company replaces in relation to its sales. The concept is useful for determining the efficiency with which a business utilizes its assets. In most cases, a high asset turnover ratio is considered good, since it implies that receivables are collected quickly, fixed assets are heavily utilized, and little excess inventory is kept on hand. This implies a minimal need for invested funds, and therefore a high return on investment.
Conversely, a low liability turnover ratio (usually in relation to accounts payable) is considered good, since it implies that a company is taking the longest possible amount of time in which to pay its suppliers, and so has use of its cash for a longer period of time.
Examples of turnover ratios are:
- Accounts receivable turnover ratio. Measures the time it takes to collect an average amount of accounts receivable. It can be impacted by the corporate credit policy, payment terms, the accuracy of billings, the activity level of the collections staff, the promptness of deduction processing, and a multitude of other factors.
- Inventory turnover ratio. Measures the amount of inventory that must be maintained to support a given amount of sales. It can be impacted by the type of production process flow system used, the presence of obsolete inventory, management's policy for filling orders, inventory record accuracy, the use of manufacturing outsourcing, and so on.
- Fixed asset turnover ratio. Measures the fixed asset investment needed to maintain a given amount of sales. It can be impacted by the use of throughput analysis, manufacturing outsourcing, capacity management, and other factors.
- Accounts payable turnover ratio. Measures the time period over which a company is allowed to hold trade payables before being obligated to pay suppliers. It is primarily impacted by the terms negotiated with suppliers and the presence of early payment discounts.
The turnover ratio concept is also used in relation to investment funds. In this context, it refers to the proportion of investment holdings that have been replaced in a given year. A low turnover ratio implies that the fund manager is not incurring many brokerage transaction fees to sell off and/or purchase securities. The turnover level for a fund is typically based on the investment strategy of the fund manager, so a buy-and-hold manager will experience a low turnover ratio, while a manager with a more active strategy will be more likely to experience a high turnover ratio and must generate greater returns in order to offset the increased transaction fees.
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Types of financial analysis
by Steven Bragg @ Articles - AccountingTools
Tue Mar 27 14:44:00 PDT 2018
Financial analysis involves the review of an organization's financial information in order to arrive at business decisions. This analysis can take several forms, with each one intended for a different use. The types of financial analysis are:
- Horizontal analysis. This involves the side-by-side comparison of the financial results of an organization for a number of consecutive reporting periods. The intent is to discern any spikes or declines in the data that could be used as the basis for a more detailed examination of financial results.
- Vertical analysis. This is a proportional analysis of the various expenses on the income statement, measured as a percentage of net sales. The same analysis can be used for the balance sheet. These proportions should be consistent over time; if not, one can investigate further into the reasons for a percentage change.
- Short term analysis. This is a detailed review of working capital, involving the calculation of turnover rates for accounts receivable, inventory, and accounts payable. Any differences from the long-term average turnover rate are worth investigating further, since working capital is a key user of cash.
- Multi-company comparison. This involves the calculation and comparison of the key financial ratios of two organizations, usually within the same industry. The intent is to determine the comparative financial strengths and weaknesses of the two firms, based on their financial statements.
- Industry comparison. This is similar to the multi-company comparison, except that the comparison is between the results of a specific business and the average results of an entire industry. The intent is to see if there are any unusual results in comparison to the average method of doing business.
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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 […]
The post Answers to 18 Payroll Questions You Are Dying to Ask appeared first on Payroll Tips, Training, and News.
Competitive advantage
by Steven Bragg @ Articles - AccountingTools
Tue Mar 27 14:27:00 PDT 2018
Competitive advantage is the ability of an organization to gain a material edge over its competitors. Having such an advantage can result in above-average profits or high levels of customer loyalty. There are many types of competitive advantage that a business can take advantage of, such as the following:
- Having a supply of unusually inexpensive raw materials
- Having access to a low-cost labor force
- Owning a patent that is key to a product category
- Having a large field servicing operation that can maintain products on short notice
- Having a large chain of retail stores through which goods can be sold
- Having a highly-regarded Internet store that experiences a large number of return visits
- Having a design team that routinely produces leading-edge designs
- Having a short product development cycle that pushes new products into the marketplace faster than what competitors can achieve
An example of how a core competency is used is to leverage a strong field service operation by noting the company's 24-hour response time when pitching a prospective sale to a customer. Another example is being able to offer a commodity product to a customer at an unusually low price, since the seller's workforce is located overseas, where labor costs are reduced by more than half.
Competitive advantage can be taken away by a determined competitor in one of two ways:
- Match and then exceed the advantage offered by the company; or
- Undermine the company's position by developing an entirely new competitive advantage that is highly prized by customers.
It is essential to maintain a competitive advantage, in order to sustain long-term profitability. This means that management must be aware of the advantage and continually reinforce it with ongoing investments in the targeted area.
A competitive advantage can even be achieved by unethical means, such as by offering bribes to the purchasing manager of a customer. Since other sellers are presumably not willing to engage in unethical behavior, the use of bribes can be seen as a competitive advantage.

Applying for Direct Deposit
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Direct deposit* can save you time and headaches when it comes to getting your employees the money you owe them. OnPay gives you two convenient ways to pay your employees. The first is to manually p...

10 HR Mantras to Inspire Your Practice
by Rachel Bolsu @ Namely: Blog
Thu Mar 15 06:36:29 PDT 2018
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The difference between an invoice and a statement
by Steven Bragg @ Articles - AccountingTools
Tue Mar 27 16:21:00 PDT 2018
A customer may receive an invoice and a statement from a supplier. What is the difference between these two documents? When a seller issues an invoice to a buyer, the invoice is related to a specific sale transaction where goods or services were provided to the buyer. Since the invoice relates to a specific sale transaction, it itemizes all of the information the buyer needs to know in order to pay the seller, including:
- Invoice number
- Invoice date
- Item description
- Item price
- Shipping and handling charges
- Sales tax
- Total amount payable
- Remit to address
- Payment terms and early payment discount terms (if any)
The intent of an invoice is either to collect payment from the buyer, or to create evidence of the sale (if payment was made in advance or in cash). If payment was made at the time of sale, the invoice is stamped "Paid" before issuing it to the buyer.
When a seller issues a statement, the document itemizes all invoices that have not yet been paid by the buyer, as well as partial payments. In this case, the intent is to remind the buyer that it has an obligation to pay the seller. Since the statement is more aggregated than an invoice, it provides less detailed information at the invoice level. It typically includes the following items:
- Statement date
- Invoice numbers
- Invoice dates
- Invoice totals
A more sophisticated statement will aggregate invoice totals by time bucket, so that overdue invoices are clearly shown.
Invoices are issued whenever a sale has been completed, so they may be issued every day and in significant quantities. However, statements are usually only issued at regular intervals, such as once a month, as part of a company's collection activities.
From the perspective of the buyer, the receipt of an invoice triggers an accounting transaction, which is an account payable. Conversely, the receipt of a statement is strictly informational - it does not trigger the creation of an accounting transaction.
It can be unwise to treat a statement as an invoice and pay items listed on the statement, since it is possible that the buyer already paid for those items, but the payment has not yet been reflected in the seller's accounting system. A better alternative for the buyer is to make inquiries about any invoices that are listed on the statement, and obtain more detailed information before issuing a payment.
There can be some confusion between the invoice and statement terms when dealing with credit card providers, since they issue a "statement" that is actually an invoice.
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Economic order quantity
by Steven Bragg @ Articles - AccountingTools
Wed Mar 28 14:59:00 PDT 2018
The economic order quantity (EOQ) is a formula that derives the optimum quantity of goods to order, so that several costs related to inventory are minimized. These costs are inventory ordering costs, holding costs, and stock out costs. The formula incorporates the following factors:
- Setup costs
- Rate of demand
- Production costs
- Interest rate
The formula is most useful when standardizing the reordering of components on a repetitive basis. The formula can be inserted into a materials management system, so that the system automatically places replenishment orders with suppliers. The formula is least useful in lean production environments, where only the exact amount of components needed for the current production requirements are kept on hand; all other requirements are ordered on a just-in-time basis.
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Direct Deposit and Payroll Deduction - Park View Federal Credit Union
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Direct Deposit & Payroll Deduction Fast, safe, and secure. Have your funds waiting for you on payday! Direct Deposit Your entire paycheck, Social Security check, U.S. Treasury check, or other regular income can be automatically deposited on time, every time. Payroll Checks – complete the direct deposit form and give it to your payroll department. Social…

Paying your employees on time
Help Center
This article applies to Payroll by Wave in Canada.As an employer, you want to make sure your employees get paid on time, every time! If you are writing your own cheques, you can do this on payday ...
Inventory change
by Steven Bragg @ Articles - AccountingTools
Tue Mar 27 13:22:00 PDT 2018
Inventory change is the difference between the inventory totals for the last reporting period and the current reporting period. The concept is used in calculating the cost of goods sold, and in the materials management department as the starting point for reviewing how well inventory is being managed. It is also used in budgeting to estimate future cash requirements. If a business only issues financial statements on an annual basis, then the calculation of the inventory change will span a one-year time period. More commonly, the inventory change is calculated over only one month or a quarter, which is indicative of the more normal frequency with which financial statements are issued.
For example, if the ending inventory at the end of February was $400,000 and the ending inventory at the end of March was $500,000, then the inventory change was +$100,000.
The inventory change calculation is applicable to the following areas:
- Accounting. Inventory change is part of the formula used to calculate the cost of goods sold for a reporting period. The full formula is: Beginning inventory + Purchases - Ending inventory = Cost of goods sold. The inventory change figure can be substituted into this formula, so that the replacement formula is: Purchases + Inventory decrease - Inventory increase = Cost of goods sold. Thus, it can be used to slightly compress the calculation of the cost of goods sold.
- Inventory management. The materials management staff uses the inventory change concept to determine how its purchasing and materials usage policies have altered the company's net investment in inventory. They typically drill down from the inventory change figure and review changes for each type of inventory (e.g., raw materials, work in process, and finished goods), and then drill down further to see where changes arose at the level of each stock keeping unit. The result of this analysis may include changes in ordering policies, the correction of faulty bills of material, and alterations to the production schedule.
- Cash budgeting. The budgeting staff estimates the inventory change in each future period. Doing so impacts the amount of cash needed in each of these periods, since a reduction in inventory generates cash for other purposes, while an increase in inventory will require the use of cash.
The concept is also used in a general sense to keep track of the overall investment in inventory, which management may monitor to see if working capital levels are increasing at too rapid a pace.
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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 […]
The post What Does Pay Frequency Mean? appeared first on Payroll Tips, Training, and News.
Payroll records
by Steven Bragg @ Articles - AccountingTools
Tue Mar 27 12:00:00 PDT 2018
Payroll records contain information about the compensation paid to employees and any deductions from their pay. These records are needed by the payroll staff to calculate gross pay and net pay for employees. Payroll records typically include information about the following items:
- Bereavement pay
- Bonuses
- Commissions
- Deductions for pensions, benefits, charitable contributions, stock purchase plans, and so forth
- Direct deposit information
- Gross wages
- Hours worked
- Manual check payments
- Net wages paid
- Salary rates
- Vacation and/or sick pay
The information in payroll records have traditionally been stored on paper documents, but can also be recorded as electronic documents.
Payroll records can be considered a subset of the information stored in human resources records, which can contain considerably more information than items pertaining to just employee pay and deductions.
The time period over which payroll records must be retained will depend upon government requirements. The Internal Revenue Service typically states a required retention period in each document it issues dealing with payroll issues. In general, wage calculations should be retained for two years, while collective bargaining agreements should be retained for three years.
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Martina Hopkins – Motivation
by chrpes @ Oasis Outsourcing
Thu Feb 08 06:21:44 PST 2018
Oasis Insights Martina Hopkins, Senior Director, Major Accounts What motivates you professionally? “Collaborating with others to improve service delivery. Providing stretch assignments to my team and empowering them to excel.”
Here’s How to Improve Your Credit Score Faster
by Paul Sisolak @ Chime Banking
Thu Mar 08 14:44:08 PST 2018
Good things may come to those who wait, but time isn’t on your side if you’re struggling to raise your credit score quickly. More than 30 percent of Americans have poor credit, and if you’re one of them it can be hard to improve it. Many people aim for a credit-building secured credit card, but it could […]
The post Here’s How to Improve Your Credit Score Faster appeared first on Chime Banking.
Payroll Direct, Inc. is proud to be a sponsor of the ALAMN!
by K4Gm6ctzxs55Wx3T @ Payroll Direct | Your Customized Payroll Solution
Thu Mar 23 07:08:28 PDT 2017
Payroll Direct, Inc. is proud to support our clients in their respective industries. Recently we sponsored a booth at the ALAMN (Association of Legal Administrators...
The post Payroll Direct, Inc. is proud to be a sponsor of the ALAMN! appeared first on Payroll Direct | Your Customized Payroll Solution.
Human resource accounting
by Steven Bragg @ Articles - AccountingTools
Wed Mar 28 16:21:00 PDT 2018
Human resource accounting involves the tracking of all costs related to employees in a separate report. These costs may include the following:
- Employee compensation
- Employee payroll taxes
- Employee benefits
- Employee training
Such an accounting system can be used to determine where human resources costs are especially heavy or light in an organization. This information can be used to redirect employees toward those activities to which they can bring the most value. Conversely, the report can be used to identify those areas in which employee costs are too high, which may lead to a reduction in force or a reallocation of staff away from those areas.
A more comprehensive human resource accounting system goes beyond the simple tracking of employee-related costs, and addresses the following two additional areas:
- Budgeting. An organization's annual budget includes a component, in which is concentrated all employee costs being incurred from across the organization. By concentrating cost information by its nature, management can more clearly see the total impact of human resource costs on the entity.
- Employee valuation. Rather than looking at employees as costs, the system is redirected toward viewing them as assets. This can involve the assignment of values to employees based on their experience, education, innovativeness, leadership, and so forth. This can be a difficult area in which to achieve a verifiable level of quantification, and so may have limited value from a management perspective.
From an accounting perspective, the expense-based view of human resources is quite easy - employee costs from the various departments are simply aggregated into a report. The employee valuation approach is not a tenable concept for the accountant, since this is an internally-generated intangible asset, and so cannot be recorded in the accounting system.
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Financial model
by Steven Bragg @ Articles - AccountingTools
Wed Mar 28 16:52:00 PDT 2018
A financial model is a mathematical representation of the key variables impacting an organization, which is used to make estimates of how future scenarios will impact the performance and financial position of the business. This model is usually constructed on an electronic spreadsheet, using summary-level revenues and expenses, and employing formulas that change the results of the model when certain variables are altered. For example, variables could be used to model the impact of an increase in energy prices, a decline in product prices, a product recall, a change in the rate of sales growth, or a successful employee strike that results in increased compensation and benefit costs.
A financial model is useful for estimating the effects of a number of scenarios within a short period of time, though its effectiveness depends on how well the model mimics the business. An analyst can use a financial model for a number of purposes, such as:
- Acquisitions. To determine the range of possible outcomes that an acquirer can expect with an acquiree, depending on the actions it takes after the deal has been closed.
- Budgeting. To develop several scenarios as part of the budgeting process, to decide which scenarios to pursue when a detailed budget is constructed.
- Capital budgeting. To determine a range of outcomes that might impact the cash flow return related to a prospective fixed asset purchase.
- Risk analysis. To determine which variables can have the greatest negative effect on a firm, as part of a formal risk analysis.
There are two potential problems with financial models. One is that a model may not properly account for the variables that will impact the model's projected future results. The other problem is that a more complex model is at risk of having calculation errors built into it, which can be difficult to detect.
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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 […]
The post Will the Courts Accept a Jury Duty Excuse Letter If You’re in a Pinch? appeared first on Payroll Tips, Training, and News.
Michelle – Technology Industry
by Marysol Hernandez @ Oasis Outsourcing
Tue Mar 20 05:36:53 PDT 2018
Client Testimonial “Oasis offers expertise in HR & Benefits for matters that we would not be able to handle on our own. The team is very responsive to our numerous questions across challenging time zones and they provide efficient payroll processing and a comprehensive benefits program to our staff that we would not be able […]

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?
Cookie jar accounting
by Steven Bragg @ Articles - AccountingTools
Wed Mar 28 11:09:00 PDT 2018
Cookie jar accounting occurs when a business sets up excessive reserves in profitable periods and draws down these reserves during lower-profit periods. The intent is to give the impression that the organization generates more consistent results than is really the case. When investors believe that a firm is able to consistently meet its earnings targets, they tend to place a higher value on its stock. There is a greater temptation to use cookie jar accounting among publicly held businesses, since doing so can mislead analysts into issuing more favorable reports about them to the investment community. This approach to reporting earnings does not reflect actual results, and so can be considered fraudulent reporting.
Cookie jar reserves can be created either by over-estimating the more common reserves (such as for bad debts) or by taking large one-time charges for expected losses from one-time events, such as acquisitions or downsizings.
The term comes from the practice of using a “cookie jar” of reserves whenever needed.
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Wed Dec 14 11:54:28 PST 2016
On May 18, 2016, President Obama announced the publication of the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime...
The post DOL Releases Final Rule on ‘White Collar’ Exemptions appeared first on Payroll Direct | Your Customized Payroll Solution.
Bank Holiday on Monday, February 19, 2018
by The Advantage Team @ Mass Advantage Payroll
Wed Feb 07 08:05:11 PST 2018
This is a reminder that banks are closed on Monday, February 19, 2018, to observe Presidents’ Day; Advantage offices are open. If you normally report payroll on this day, please be prepared to reschedule your appointment when you report your next payroll. If a February 19 check date is sent before 7:00 p.m. ET on […]

Time needed to process a payroll
Gusto
If you're paying your employees through direct deposit, you'll want to run your payroll 4 business days (excluding weekends and bank holidays) prior to your employee payday due to the standard Auto...