The Equifax Hack Was Worse Than Expected. What to Do Next

by Jeanine Skowronski @ Chime Banking

Thu Mar 15 15:59:14 PDT 2018

Looks like that worst-ever Equifax data breach was … actually worse. In late 2017, the credit reporting agency divulged a systems breach exposed the personal information of 145.5 millions Americans, including names, Social Security numbers, birth dates, addresses, dispute documents, as well as some credit card account and driver’s license numbers. But the hackers also obtained […]

The post The Equifax Hack Was Worse Than Expected. What to Do Next appeared first on Chime Banking.

Revised Federal Minimum Wage and Employee Polygraph Posters Must Be Posted as of August 1, 2016

by Joe Pintimalli @ Simplifi Payroll and HR

Tue Aug 16 13:17:41 PDT 2016

The U.S. Department of Labor (DOL) has recently updated its Fair Labor Standards Act and Employee Polygraph Protection Act posters. The new versions are... Learn More

The post Revised Federal Minimum Wage and Employee Polygraph Posters Must Be Posted as of August 1, 2016 appeared first on Simplifi Payroll and HR.

listing an unfinished novel as a work accomplishment on your resume

by Ask a Manager @ Ask a Manager

Mon Mar 19 10:59:11 PDT 2018

A reader writes: I’m a copywriter. It’s my first time hiring for a copywriter position. I don’t want to be petty or unfair to applicants, but I don’t want to hear about people’s unfinished novels on their resumes or cover letters. In my opinion, it comes off as either immature, self absorbed, or really uninformed […]

listing an unfinished novel as a work accomplishment on your resume was originally published by Alison Green on Ask a Manager.

How To Never Run Out Of Article Ideas

by Josh Steimle @ Josh Steimle

Mon Jul 11 20:47:49 PDT 2016

The three most popular articles I've ever written have some things in common in how I came up with the ideas for them.

How I Chose a Narrator for My Audiobook

by Josh Steimle @ Josh Steimle

Wed Aug 10 20:05:42 PDT 2016

Are you an author thinking about putting an audiobook up on Audible? Here's what the process of choosing a narrator looked like for me.

S-Corp vs. C-Corp: How They Differ (and How to Decide)

by Georgia McIntyre @ Fundera Ledger

Thu Mar 22 06:50:16 PDT 2018

If you choose to structure your business entity as a corporation, you’ll be faced with an important decision—whether to set […]

The post S-Corp vs. C-Corp: How They Differ (and How to Decide) appeared first on Fundera Ledger.

is “secretary” a demeaning title?

by Ask a Manager @ Ask a Manager

Tue Mar 13 07:59:15 PDT 2018

A reader writes: I work in the tree care industry at a company where the hierarchy is the owner and manager (“Will”), his assistant on the field providing estimates, then me, the owner’s secretary, then the tree workers (who have their own hierarchy). I work in the office by myself taking calls from clients for […]

is “secretary” a demeaning title? was originally published by Alison Green on Ask a Manager.

coworkers talk about childbirth over lunch, employee is abusing candidate referrals, and more

by Ask a Manager @ Ask a Manager

Mon Mar 12 21:03:20 PDT 2018

It’s five answers to five questions. Here we go… 1. My coworkers love talking about childbirth during lunch and it’s grossing me out My coworkers enjoy talking about childbirth at lunch. It seems like I can’t even eat my lunch without someone discussing a torn perineum. I’ve tried making jokes like “ha ha, I just […]

coworkers talk about childbirth over lunch, employee is abusing candidate referrals, and more was originally published by Alison Green on Ask a Manager.

I slept through an entire day of work

by Ask a Manager @ Ask a Manager

Tue Mar 20 10:59:20 PDT 2018

A reader writes: I started a new senior position in a new city about two months ago and I was killing it. It was just such a great fit of the job matching my abilities- I moved several integral projects forward and took some business trips in my first few weeks. Everyone was saying it felt […]

I slept through an entire day of work was originally published by Alison Green on Ask a Manager.

Nonprofit accounting

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:55:00 PDT 2018

Nonprofit accounting refers to the unique system of recordation and reporting that is applied to the business transactions engaged in by a nonprofit organization. A nonprofit entity is one that has no ownership interests, has an operating purpose other than to earn a profit, and which receives significant contributions from third parties that do not expect to receive a return. Nonprofit accounting employs the following concepts that differ from the accounting by a for-profit entity:

• Net assets. Net assets take the place of equity in the balance sheet, since there are no investors to take an equity position in a nonprofit.
• Donor restrictions. Net assets are classified as being either with donor restrictions or without donor restrictions. Assets with donor restrictions can only be used in certain ways, frequently being assigned only to specific programs. Assets without donor restrictions can be used for any purpose.
• Programs. A nonprofit exists in order to provide some kind of service, which is called a program. A nonprofit may operate a number of different programs, each of which is accounted for separately. By doing so, one can view the revenues and expenses associated with each program.
• Management and administration. Costs may be assigned to the management and administration classification, which refers to the general overhead structure of a nonprofit. Donors want this figure to be as low as possible, which implies that the bulk of their contributions are going straight to programs.
• Fund raising. Costs may be assigned to the fund raising classification, which refers to the sales and marketing activities of a nonprofit, such as solicitations, fund raising events, and writing grant proposals.
• Financial statements. The financial statements produced by a nonprofit entity differ in several respects from those issued by a for-profit entity. For example, the statement of activities replaces the income statement, while the statement of financial position replaces the balance sheet. Both for-profit and nonprofit entities issue a statement of cash flows. Finally, there is no nonprofit equivalent for the statement of stockholders' equity, since a nonprofit has no equity.

Related Courses

Nonprofit Accounting 

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.

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.

Hosting a Webinar With WebinarJam vs WebinarNinja vs Zoom vs GoToMeeting

by Josh Steimle @ Josh Steimle

Mon Sep 04 21:05:16 PDT 2017

The problem with a lot of webinar software reviews is that they’re written by people who know what they’re doing, but if you’re about to launch your first webinar then you don’t know what you’re doing, and sometimes getting advice from an expert isn’t that helpful. I have no problem admitting what others won’t: I…

This Is Why Research On Behavioral Finance Won the Nobel Prize

by Cat Alford @ Chime Banking

Mon Mar 12 15:50:20 PDT 2018

In October 2017, Richard Thaler got the call he’d been hoping for. After 40 plus years of economics research, he learned he won the Nobel Prize. As an economist, he faced ridicule from his colleagues for his research connecting human behavior to economics. Winning the Nobel Prize for his work in behavioral finance meant that his […]

The post This Is Why Research On Behavioral Finance Won the Nobel Prize appeared first on Chime Banking.

I’m supposed to hide that I was a stay-at-home mom, rude receptionist, and more

by Ask a Manager @ Ask a Manager

Thu Mar 22 21:03:33 PDT 2018

It’s five answers to five questions. Here we go… 1. I was told to hide that I used to be a stay-at-home mom I had a very strange review yesterday, where my boss shared some feedback that she received from another leader in our organization. Basically I was told that I should stop telling people […]

I’m supposed to hide that I was a stay-at-home mom, rude receptionist, and more was originally published by Alison Green on Ask a Manager.

15 Things Every Thought Leader Website Needs

by Josh Steimle @ Josh Steimle

Tue Nov 21 22:08:43 PST 2017

Perhaps you’re here because you just read my post 6 Reasons Contributors Need a Website, which applies not only to those looking to write for top tier business publications but any type of thought leader or influencer. Or maybe you’ve become interested in thought leadership and influence and are mapping out what you need to get…

my coworker is getting credit for my work

by Ask a Manager @ Ask a Manager

Mon Mar 19 09:30:26 PDT 2018

A reader writes: I work for a medium sized company on a very small team. For all intents and purposes, it is just me and my colleague, “Joe.” Joe and I both started at the same time and work on the same types of projects. The similarities end there, as Joe is the type to take […]

my coworker is getting credit for my work was originally published by Alison Green on Ask a Manager.

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.

what can I say to job candidates who are stalking me outside of work?

by Ask a Manager @ Ask a Manager

Mon Mar 12 10:59:18 PDT 2018

A reader writes: I work for a company known for its unbelievable perks and benefits. Every time a job opens up, we get thousands of applications. Candidates are becoming increasingly aggressive to stand out. Hundreds of them (literally) have purchased Facebook ads or LinkedIn promoted posts to get their information in front of current employees. […]

what can I say to job candidates who are stalking me outside of work? was originally published by Alison Green on Ask a Manager.

Valuation account

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 13:57:00 PDT 2018

A valuation account is paired with an asset or liability account, and is used to offset the value of the assets or liabilities recorded in the account with which it is paired. The result of this account pairing is a net balance, which is the carrying amount of the underlying asset or liability. The "valuation account" term is a less-used phrase that has the same meaning as the contra account concept.

Examples of valuation accounts are:

• Allowance for doubtful accounts (paired with the trade accounts receivable account)
• Allowance for obsolete inventory (paired with the inventory account)
• Accumulated depreciation (paired with the various fixed asset accounts)
• Discount on bonds payable (paired with the bonds payable account)
• Premium on bonds payable (paired with the bonds payable account)

The valuation account concept is useful for estimating any possible reductions in the values of assets or liabilities prior to a more definitive transaction that firmly establishes a reduction.

Valuation accounts are only used in accrual basis accounting. They are not used in cash basis accounting.

Similar Terms

A valuation account is also known as a valuation reserve or contra account.

Related Courses

Bookkeeper Education Bundle 
Bookkeeping Guidebook 

should I work for a tiny organization?

by Ask a Manager @ Ask a Manager

Tue Mar 13 10:59:19 PDT 2018

A reader writes: My husband works in the public school system (not a teacher) and is considering a job offer with a one-person nonprofit. He and the CEO will be the only employees aside from volunteers. He’d be working virtually and he hasn’t negotiated the offer yet, but I thought I’d ask you and your […]

should I work for a tiny organization? was originally published by Alison Green on Ask a Manager.

How Active are Fortune 500 CMOs on Instagram?

by Josh Steimle @ Josh Steimle

Sun Aug 14 18:52:15 PDT 2016

Which Fortune 500 chief marketing officers are crushing it on Instagram? Hmmm.

open thread – March 23-24, 2018

by Ask a Manager @ Ask a Manager

Fri Mar 23 08:00:39 PDT 2018

It’s the Friday open thread! The comment section on this post is open for discussion with other readers on anything work-related that you want to talk about. If you want an answer from me, emailing me is still your best bet*, but this is a chance to talk to other readers. * If you submitted […]

open thread – March 23-24, 2018 was originally published by Alison Green on Ask a Manager.

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.

New Branch in Pasadena is NOW OPEN!

by Brian Ellis @ Texas Bay Credit Union

Wed Sep 30 15:15:13 PDT 2015

Sept. 30, 2015 – We are excited to bring you a new branch in Pasadena. The original branch was replaced by a beautiful, full-service facility on the same property in Pasadena on Monday, August 10, 2015. The new branch includes an open-concept floor plan with natural light, a community room, and designed to be energy-efficient. […]

The post New Branch in Pasadena is NOW OPEN! appeared first on Texas Bay Credit Union.

Why I Started Saying “No” to Great Opportunities

by Josh Steimle @ Josh Steimle

Mon Jul 18 22:29:23 PDT 2016

It is, perhaps, a peculiarity of the age we live in that we get to choose between what's good, what's better, and what's best. 600 years ago our ancestors didn't enjoy such luxury.

Store Credit Cards, Balance Transfers & More: Make the Smart Money Decision

by Liz Oliver @ LRRCU

Fri Oct 13 08:55:31 PDT 2017

Every day we’re faced with making decisions about our money. What feels like a smart money choice in the moment may have repercussions in the future. You might be tempted to save money on a purchase now only to have your credit score suffer.  You might choose to delay payments on a big ticket item […]

The post Store Credit Cards, Balance Transfers & More: Make the Smart Money Decision appeared first on LRRCU.

10 LinkedIn Fast Facts For Thought Leaders

by Josh Steimle @ Josh Steimle

Tue Mar 06 20:07:48 PST 2018

LinkedIn, founded in 2003, has grown from “That place where you can put your resume online,” to the undisputed king of professional social networking. LinkedIn now has “more than 546 million users in more than 200 countries and territories worldwide,” and is on track to generate over $6B in revenue in 2018. That’s good news…

4 Financial Resolutions To Start Any Day of the Year [Downloadable Family Budget Worksheet]

by Kara Vincent @ LRRCU

Thu Dec 28 00:09:30 PST 2017

Who says resolutions have to start on New Year’s Day?  Get yourself started whatever day you feel inspired.  Here are few important financial goals that you can begin whether it’s January 1, August 1 or a random Tuesday in November. #1: Look at the Financial Big Picture – Use Our Family Budget Worksheet You feel […]

The post 4 Financial Resolutions To Start Any Day of the Year [Downloadable Family Budget Worksheet] appeared first on LRRCU.

Am I Glad I Moved to China?

by Josh Steimle @ Josh Steimle

Tue Aug 15 02:05:50 PDT 2017

First I wrote about the one thing preventing me from ever moving to China. Then I wrote about why I did a complete 180 on moving to China. Now that I’ve lived in Shenzhen (correctly pronounced “shen-jen”), China, for over a year, am I glad I made the move? If I only said “Absolutely!” it…

How To Hire A Podcast Manager

by Josh Steimle @ Josh Steimle

Mon Jul 10 01:30:58 PDT 2017

If outsourcing isn't working out for you, here are some questions you may want to ask your prospective full time podcast manager.

7 Reasons Positive Affirmations Aren’t Working For You

by Josh Steimle @ Josh Steimle

Tue Jan 03 22:24:39 PST 2017

The best selling book The Miracle Morning advocates using positive affirmations to start your day off right. But they don't always work. Why not?

Ball is Now in FCC Chairman Pai’s Court to Protect Consumers from Robocalls

by Kara Kelber @ Consumers Union

Fri Mar 16 13:37:55 PDT 2018

MARCH 16, 2018 Long-awaited Court Decision Rolls Back Protections for Consumers from Invasive, Illegal Robocalls Washington– The D.C. Circuit Court of Appeals bounced back a 2015 Order from the Federal Communications Commission (FCC) interpreting the Telephone Consumer Protection Act’s (TCPA) consumer protections against unwanted robocalls. Disappointingly, the court order unwound key protections that the previous […]

Who Do I Contact At Forbes to Become a Contributor?

by Josh Steimle @ Josh Steimle

Wed Jul 06 02:25:21 PDT 2016

Everyone wants to know the easy way to become a Forbes contributor. There is no easy way, but this is the easiest way.

Schedule a Check-up for Your Financial Life

by rapid! PayCard @ rapid! PayCard

Fri May 05 09:13:33 PDT 2017

Most of us are diligent about maintaining the various aspects of our life. We swap out the batteries on our smoke detectors with regularity; we schedule annual physicals, and get our car’s oil changed based on the manufacturer’s mileage recommendation. Still, many of us tend to take better care of our cars than we do our financial life. The irony being, an un-tended financial life can break down just as assuredly as an under-serviced automobile. It can run out of gas, but it can also seize up and need a roadside tow. In short, a well-examined financial life is worth exploring. 1. Schedule. Set a recurring point in time for... Read More

Fortune 500 Companies With CMOs Outperformed Those Without In 2015

by Josh Steimle @ Josh Steimle

Mon May 09 00:12:50 PDT 2016

Will a company with a chief marketing officer perform better than a company without one? Short answer? Yes.

my employee works from home too much

by Ask a Manager @ Ask a Manager

Wed Mar 14 09:30:57 PDT 2018

This week on the Ask a Manager podcast, I talk with a manager who gives her staff a lot of flexibility when it comes to working from home, and she’s concerned one employee is using that flexibility in a way that isn’t quite working for their team. Here’s the letter she sent to me, and you […]

my employee works from home too much was originally published by Alison Green on Ask a Manager.

The Ultimate CMO Resource

by Josh Steimle @ Josh Steimle

Tue Jul 26 23:42:21 PDT 2016

Every association, event, publication, book, and other resource focused on the role of the chief marketing officer, or CMO.

weekend free-for-all – March 17-18, 2018

by Ask a Manager @ Ask a Manager

Fri Mar 16 23:30:12 PDT 2018

This comment section is open for any non-work-related discussion you’d like to have with other readers, by popular demand. (This one is truly no work and no school.) Book recommendation of the week: The Newlyweds, by Nell Freudenberger. A Bangladeshi woman comes to the U.S. to marry an American man, and ends up caught between two […]

weekend free-for-all – March 17-18, 2018 was originally published by Alison Green on Ask a Manager.

How Should I Market My SaaS Company?

by Josh Steimle @ Josh Steimle

Sat Oct 29 08:56:20 PDT 2016

My friend asked me how I would recommend he market his SaaS company. Here's my friendly, quick answer.

Executive Coaching Affirmations

by Josh Steimle @ Josh Steimle

Mon Mar 05 03:45:57 PST 2018

Forget the affirmations like “I am healthy and wealthy in every way.” I’m talking about the self talk we all engage in, almost every waking hour. Call it “self coaching,” if you will. Throughout the day you give yourself positive affirmations or negative affirmations, and when it comes to us executive coaches, sometimes those negative…

100 Leadership and Success Books to Read in a Lifetime

by Josh Steimle @ Josh Steimle

Wed Apr 06 19:23:14 PDT 2016

How many have you read, and which are your favorites?

How I Hustle and Get More Done

by Josh Steimle @ Josh Steimle

Mon Jul 25 19:57:51 PDT 2016

Hustlers get a lot done by working smarter and harder. It's means setting goals and creating systems. Here's what works for me.

how to answer job candidates’ questions about salary when I don’t have a range to provide

by Ask a Manager @ Ask a Manager

Tue Mar 27 10:59:21 PDT 2018

A reader writes: I work in HR for a small company and typically am involved with the phone screen and in-person interview portion of the hiring process. During these phases, we are not provided any information with regard to salary. Our CEO generally provides that information to me upon hiring and handles determining pay rates […]

how to answer job candidates’ questions about salary when I don’t have a range to provide was originally published by Alison Green on Ask a Manager.

Your Guide to Direct Deposit During the Holidays

by rapid! PayCard @ rapid! PayCard

Thu Nov 16 05:07:27 PST 2017

The holiday season is around the corner, which for some means eggnog and lights on display, but for others it means payroll delays. Automated payment through direct deposit is proven to be more efficient, secure and cost-effective than paper checks. Still, there are a few considerations to keep in mind when switching over to electronic payment — especially around the holidays. The holiday season is a double-edged sword: it’s likely the most expensive time of the year, but is also full of banking holidays which can affect the timeliness of direct deposit. Here’s why. What is the ACH and why does it matter? The Automated Clearing House is an electronic... Read More

Report by the FTC and CFPB shows debt collection abuses remain a top consumer complaint 

by Michael McCauley @ Consumers Union

Wed Mar 21 09:34:34 PDT 2018

Consumers Union calls for reforms to protect consumers from unfair practices Wednesday, March 21, 2018   WASHINGTON, D.C. – Consumers Union, the advocacy division of Consumer Reports, called on state and federal regulators today to protect vulnerable consumers from abusive debt collection practices.  The consumer group renewed its call for reform as a new report […]

Safe Online Banking: For You & Your Money

by Kara Vincent @ LRRCU

Mon Mar 26 13:44:22 PDT 2018

From 24/7 account access to quick and easy bill paying, online banking offers members a convenient way to handle their finances. However, the rise of technology also brings an increase in potential hackers, scams, and fraud cases. Whether you’re looking to shield your small business or family’s finances, there are many strategies to stay vigilant […]

The post Safe Online Banking: For You & Your Money appeared first on LRRCU.

Consumer Reports: Current Standards for Furniture Tip-Overs Leave Too Many Children at Risk

by David Butler @ Consumers Union

Thu Mar 22 04:27:44 PDT 2018

  Thursday, March 22, 2018   – CR calls for strong, mandatory standards to prevent child injuries, deaths – CR petition calls on furniture industry to update standards for safer dressers   WASHINGTON, D.C. — Every 17 minutes, someone in the United States is injured when furniture, a TV, or an appliance tips over.  Many of those injured are […]

Why I’m Making Myself Unnecessary to My Business

by Josh Steimle @ Josh Steimle

Wed Jul 20 19:51:29 PDT 2016

I have a goal to make myself completely unnecessary within my business. This is different than making myself useless or irrelevant.

my coworker keeps cooking for me, colleague tried to steal from a bereavement fund, and more

by Ask a Manager @ Ask a Manager

Sun Mar 25 21:03:20 PDT 2018

It’s five answers to five questions. Here we go… 1. My office gave out thank-you gifts … with strings and deadlines I work for a private firm in a very deadline-driven business. We are extremely busy now and are having a stressful year because we are short on staff. A few days ago the professionals […]

my coworker keeps cooking for me, colleague tried to steal from a bereavement fund, and more was originally published by Alison Green on Ask a Manager.

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.

Rebecca – Oasis Project

by Marysol Hernandez @ Oasis Outsourcing

Wed Mar 14 05:34:38 PDT 2018

Oasis Insights Rebecca Woods, Senior Vice President, Large Client Business Development  What project at Oasis are you most proud of leading/being a part of? “This would be a project that would have client-facing benefits to it (such as relaunching the client services website or introducing a new product/service like My Benefits Connect etc.) To be […]

should I point out job applicants’ mistakes to them?

by Ask a Manager @ Ask a Manager

Tue Mar 20 09:30:30 PDT 2018

A reader writes: I supervise a summertime internship program at my job, which attracts mainly college-age applicants. A huge component of the internship is attention to detail. This week I received five applications for the internship. Three of those have included detail errors, some minor and some major. For example: 1. The first applicant stated […]

should I point out job applicants’ mistakes to them? was originally published by Alison Green on Ask a Manager.

someone I’ve known for years lied to get me to hire someone terrible she wanted to get rid of

by Ask a Manager @ Ask a Manager

Wed Mar 21 10:59:55 PDT 2018

A reader writes: “Arya” and I were classmates in college. We were in the same year and did the same major. We’ve known each other for 16 years and have worked together twice; one time she was my manager and the other time I was hers. We often attend the same work-related conferences and exchange […]

someone I’ve known for years lied to get me to hire someone terrible she wanted to get rid of was originally published by Alison Green on Ask a Manager.

rapid! PayCard Green Dot Announcement

by rapid! PayCard @ rapid! PayCard

Tue Jan 31 14:03:14 PST 2017

Green Dot to Acquire UniRush, LLC, Operating Company for RushCard and Rapid! PayCard Transaction Expected to Generate Significant Strategic and Financial Synergies PASADENA, Calif.–(BUSINESS WIRE)–Green Dot Corporation (NYSE:GDOT) today announced that it has entered into an agreement to acquire UniRush, LLC, and its operating businesses RushCard, a leading online direct-to-consumer general purpose reloadable prepaid card provider, and Rapid! PayCard, a leading corporate payroll card provider. The acquisition, which maps to “Step Five” of Green Dot’s “Six Step Plan” to enhance shareholder value, materially expands Green Dot’s scale with the addition of the RushCard and Rapid! PayCard installed customer bases, while establishing Green Dot as a formidable player in the growing... Read More

Consumers Union praises senator’s call for FTC investigation of airline “dynamic pricing”

by David Butler @ Consumers Union

Mon Mar 12 11:32:37 PDT 2018

Monday, March 12, 2018 WASHINGTON, D.C. — Consumers Union, the advocacy division of Consumer Reports, today applauded Sen. Chuck Schumer (NY)’s call for the Federal Trade Commission (FTC) to investigate the airline industry amid questions about the use of “dynamic pricing” and consumers’ personal online data to set the price of airfares, which Schumer termed […]

Hiring in US Kicks into High Gear

by ipdesign @ Simplifi Payroll and HR

Wed May 14 05:41:17 PDT 2014

Hiring in U.S. Kicks Into Higher Gear as Unemployment Plunges to 6.3% Bloomberg, Michelle Jamrisko America’s job-creation machine kicked into... Learn More

The post Hiring in US Kicks into High Gear appeared first on Simplifi Payroll and HR.

we give our interns free housing — and there are problems

by Ask a Manager @ Ask a Manager

Mon Mar 19 07:59:47 PDT 2018

A reader writes: I train and manage a team of young (22-25) paid interns who, as part of their compensation, have free housing in a shared living space owned by my organization. Recently, one of my female interns told me (in tears) that the male interns repeatedly use the word “bitch” in their shared living […]

we give our interns free housing — and there are problems was originally published by Alison Green on Ask a Manager.

Busy Does Not Mean Productive

by Josh Steimle @ Josh Steimle

Sun Jul 17 19:15:49 PDT 2016

It's easy to be busy. It's easy to look busy. It's harder to deliver real value. That's why people choose to look busy instead of getting stuff done.

I’m Not Gary Vaynerchuk, But I’m Hiring a DRock

by Josh Steimle @ Josh Steimle

Tue Jun 06 06:18:31 PDT 2017

If you're a fan of Gary Vaynerchuk, you know about DRock, and that means you know exactly who I'm looking to hire. For the rest of you, allow me to fill you in.

Federal Law eAlert

by ipdesign @ Simplifi Payroll and HR

Tue Apr 22 13:41:29 PDT 2014

The deductible cap for small group health plans under the Affordable Care Act has been permanently removed. Originally, the Affordable... Learn More

The post Federal Law eAlert appeared first on Simplifi Payroll and HR.

So You’re No Longer A HuffPost Contributor, Now What?

by Josh Steimle @ Josh Steimle

Thu Jan 18 07:42:05 PST 2018

As reported in Variety, TechCrunch, and various other outlets, as of 18 January, 2018, HuffPost has “let go” 100,000 of its unpaid contributors. Here’s the official email HuffPost sent out to its contributor network: Dear HuffPost Contributors, When HuffPost launched in 2005, it introduced a group blogging platform that revolutionized and democratized online commentary. It…

How I Sold My Online Course Before I Created It

by Josh Steimle @ Josh Steimle

Wed Aug 16 08:48:13 PDT 2017

Desperation is the mother of creativity, or so the saying goes. Add to desperation a healthy dose of a desire to do big things, things that require money, and I was in a tight spot. It was a Wednesday, and I was coming to the realization I had bills to pay, and I wasn’t going…

LinkedIn Profile Tips For Thought Leaders

by Josh Steimle @ Josh Steimle

Wed Sep 06 00:24:12 PDT 2017

Let me tell you a story. In 2013 I got the opportunity to write for Forbes. That led to opportunities to get my writing into Time, Mashable, TechCrunch, Inc., and 20 other publications. In 2015 it led to a book deal for Chief Marketing Officers at Work which was published in 2016–Success Magazine event called…

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.”

SIMPLIFI PAYROLL 2017-2018 HOLIDAY SCHEDULE

by Joe Pintimalli @ Simplifi Payroll and HR

Mon Nov 13 11:50:09 PST 2017

Simplifi Payroll & HR will be closed on: Thursday                 11/23/2017 Friday                      11/24/2017                ... Learn More

The post SIMPLIFI PAYROLL 2017-2018 HOLIDAY SCHEDULE appeared first on Simplifi Payroll and HR.

How Can Chief Marketing Officers Keep Up With the Marketing Technology Landscape Supergraphic?

by Josh Steimle @ Josh Steimle

Thu Jun 30 22:42:40 PDT 2016

There are 4,000 marketing technology companies listed this year, double from last year. How can CMOs stay on top of all the tools available?

New Expiration Date for Health Insurance Exchange Notices is May 31, 2017

by Joe Pintimalli @ Simplifi Payroll and HR

Mon May 22 08:37:33 PDT 2017

Posted on May 01 2017 01:00 PM Model Notices Previously Expired on April 30, 2017 The U.S. Department of Labor’s... Learn More

The post New Expiration Date for Health Insurance Exchange Notices is May 31, 2017 appeared first on Simplifi Payroll and HR.

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.

Related Courses

Fraud Examination 
Fraud Schemes 
How to Audit for Fraud 

Feel Awkward At Marketing Conferences? Try This To Make Your Next One Epic.

by Josh Steimle @ Josh Steimle

Sun Oct 15 15:53:35 PDT 2017

If you feel awkward and socially ill-at-ease going to marketing conferences, try this to completely change your experience and make the next one epic. 1. Make a list of everyone who will be at the event that you want to get to know. 2. Follow each person on social media. 3. Reach out to each…

Are we required to update I-9 forms when the documentation that was used expires?

by dougsce @ Simplifi Payroll and HR

Wed Mar 25 13:33:59 PDT 2015

Some, but not all, documents used for the I-9 will need to be re-verified upon expiration. Specifically, employees with temporary... Learn More

The post Are we required to update I-9 forms when the documentation that was used expires? appeared first on Simplifi Payroll and HR.

TCU Compliance Officer Listing for 2017-2018

by Kim Weber @ TCU | Human Resources

Tue Jan 17 14:53:27 PST 2017

TCU Compliance Officers for the Spring 2018 semester are available here: https://hr.tcu.edu/compliance-officers-list/ This list is also available through the following TCU resources: Faculty/Staff Handbook Human Resources website (http://www.hr.tcu.edu/compliance-officers/) TCU This Week coinciding with the beginning of the Fall and Spring semesters Compliance Officers stand ready to assist faculty, staff, and students when issues or concerns... Read more »

How to Get 500,000 Views On Your Next LinkedIn Post

by Josh Steimle @ Josh Steimle

Tue Sep 26 23:17:06 PDT 2017

Want a super easy way to get a ton of views on a LinkedIn post? Tell your story. I normally get a few hundred views on anything I post on LinkedIn. But then I posted this little story about how my agency opened an office in Hong Kong. It’s up to almost 40,000 views and has…

How To Be Financially Smart At Any Age

by Kara Vincent @ LRRCU

Thu Aug 31 08:18:27 PDT 2017

  As you go through the stages of life what it means to be “financially smart” will change. A smart financial move when you’re approaching your 40s is not the same as a smart financial move for a 19-year-old in college. At 40, there are more things to consider when making decisions about your money, […]

The post How To Be Financially Smart At Any Age appeared first on LRRCU.

Consumers Union criticizes Education Department for undermining state efforts to ensure student loan servicers treat borrowers fairly

by Michael McCauley @ Consumers Union

Fri Mar 09 10:18:49 PST 2018

Education Department issues notice challenging state oversight of student loan servicers WASHINGTON, D.C. – Consumers Union, the advocacy division of Consumer Reports, criticized the Department of Education today for taking steps to undercut the ability of states to ensure student loan borrowers are treated fairly.  In a “notice of interpretation” memo by the Department, the agency maintains […]

How to Save Money on Your Utility Bills

by Melanie Lockert @ Chime Banking

Mon Mar 26 11:21:00 PDT 2018

Do you cringe each month when you get your utility bills? When you see a super high bill, do you wonder what happened? We’ve all been there, and high bills for gas, electricity and cable can certainly put a dent in your bank account. But all is not lost. If you want to keep your […]

The post How to Save Money on Your Utility Bills appeared first on Chime Banking.

Illinois Senate OKs bill to make security freeze protection free for consumers

by Michael McCauley @ Consumers Union

Wed Mar 14 11:30:22 PDT 2018

Consumers Union calls on Governor Rauner to sign identity theft bill into law  SPRINGFIELD, IL – The Illinois Senate approved legislation today that enables Illinois residents to use security freeze protection for free to prevent identity thieves from opening new accounts or lines of credit using stolen information.  The bill has already been passed in […]

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.

7 Signs You Could Be a Great Public Speaker

by Josh Steimle @ Josh Steimle

Mon May 23 11:42:59 PDT 2016

You might be a great public speaker and you don't know it yet. Here are 7 signs that might give you a clue.

2018 Federal Income Tax Withholding Tables

by Matthew Winkel @ Office of the Treasurer – Payroll

Fri Jan 19 07:20:04 PST 2018

2018 Federal income tax withholding tables are in effect.

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.

Related Courses

Fixed Asset Accounting 
How to Audit Fixed Assets 

7 Habits That Will Help You Lead a More Successful and Productive Life

by Due.com @ Chime Banking

Tue Mar 13 15:54:24 PDT 2018

Regardless what path in life you’re on, your habits will dictate your success. They can empower you to achieve your goals just as easily as they can derail you. That said it’s just as important to focus on maintaining good habits as it is to rid yourself of the bad ones. In this article we’ll cover […]

The post 7 Habits That Will Help You Lead a More Successful and Productive Life appeared first on Chime Banking.

Dolores – Professional Success

by Christine Pescatore @ Oasis Outsourcing

Wed Feb 28 06:40:29 PST 2018

Oasis Insights Dolores Calicchio, Executive Vice President and Chief Human Resources Officer How do you define professional success? Making a difference in the lives of others whether within your family, your community, your employees or your job. Ensuring you do all you can to be highly productive and grow your business or the business you […]

Cook the books

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:57:00 PDT 2018

To cook the books means that the managers of a business are deliberately falsifying certain aspects of its financial statements to give investors a false impression of the true state of the business. Alternatively, they engage in business practices to enhance financial results that are technically legal, but which will have a negative impact on the business over the long term. A number of techniques can be used to cook the books, such as the following:

Falsification activities

• Leaving the books open past the end of the month to record additional sales within the prior reporting period.
• Not recording expenses in the reporting period, even though they clearly reflect resource consumption in the period.
• Altering the terms of leasing arrangements so that the liability appears to be held by a third party, thereby keeping the liability off the entity's balance sheet.
• Falsely recording pension liabilities lower than is really the case.
• Setting up expense reserves, such as the allowance for doubtful accounts, that do not reflect the actual loss rate.
• Recording consignment sales as though they are actual sales.
• Taking a one-time charge that is set up as a "cookie jar," which can be used in subsequent periods to write off expenses and artificially inflate profits.

Business practices

• Engage in channel stuffing to sell more goods to customers than they can realistically use.
• Grant much higher credit levels to customers in order to boost sales, even though the customers may not be able to pay off the receivables.

Related Courses

Fraud Examination 
Fraud Schemes 
How to Audit for Fraud 

an affair is causing work drama, I feel slighted by my work anniversary gift, and more

by Ask a Manager @ Ask a Manager

Tue Mar 27 21:03:54 PDT 2018

It’s five answers to five questions. Here we go… 1. An affair and tons of drama at work I have worked for a small company in the midwest for about seven years. I generally like my job and I am good at it. About four years ago, we hired a salesperson named “Jane.” Her role […]

an affair is causing work drama, I feel slighted by my work anniversary gift, and more was originally published by Alison Green on Ask a Manager.

I interviewed Gretchen Rubin about happiness and work

by Ask a Manager @ Ask a Manager

Wed Mar 21 09:30:44 PDT 2018

On this week’s episode of the Ask a Manager podcast, I talked with happiness expert Gretchen Rubin about happiness and work. Gretchen is a leading expert on the connections between habits, happiness, and human nature, and is author of multiple bestselling books, including The Happiness Project and, most recently, The Four Tendencies. We talked about […]

I interviewed Gretchen Rubin about happiness and work was originally published by Alison Green on Ask a Manager.

2017 Electronic W2’s

by Kim Weber @ TCU | Human Resources

Tue Jan 16 06:48:08 PST 2018

2017 electronic W2’s have been released and if you registered for electronic W2, an email notification came from PaperlessEmployee.com on January 15th. To retrieve your electronic W2, please go to https://www.paperlessemployee.com/tcu .  For those who did not register for electronic W2, paper W2’s will be mailed by January 31, 2018. Any questions regarding your W2,... Read more »

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.

Related Courses

Inventory Management 

The Problem with Overdraft Fees

by Paul Sisolak @ Chime Banking

Tue Mar 20 02:52:00 PDT 2018

“Overdraft” is not a word we like to hear. Why? It generally means you’ll be dinged with a fee you don’t want to pay. To clarify, an overdraft fee occurs when you don’t have enough money in your bank account to pay for a purchase. When this happens, your bank will pay for the transaction […]

The post The Problem with Overdraft Fees appeared first on Chime Banking.

I hate the idea of networking — it feels slimy

by Ask a Manager @ Ask a Manager

Tue Mar 13 09:30:58 PDT 2018

A reader writes: I’m a college student, so I’m very early in my professional career, but so far I’ve already had trouble overcoming my aversion/distaste/ineptitude for networking. I’ve only done one summer internship, but I’m always hearing that the only real way to get jobs and find success professionally is through “networking”—a challenge for me, […]

I hate the idea of networking — it feels slimy was originally published by Alison Green on Ask a Manager.

my old boss still assigns me work, coworker doesn’t wash her hands when leaving the bathroom, and more

by Ask a Manager @ Ask a Manager

Thu Mar 15 21:03:29 PDT 2018

It’s four answers to four questions. Here we go… 1. My old boss is still assigning me work Recently I came back from FMLA leave to discover that my boss had been (willingly??) demoted and quickly replaced with an outside hire. It turns out I rather like the new boss. I am the lead assistant […]

my old boss still assigns me work, coworker doesn’t wash her hands when leaving the bathroom, and more was originally published by Alison Green on Ask a Manager.

How To Make It Drop Dead Easy To Share Your Content

by Josh Steimle @ Josh Steimle

Wed Feb 15 17:55:29 PST 2017

Want people to share your content? Make it easy. Drop dead easy.

My Application to Be On the Entrepreneur On Fire Podcast

by Josh Steimle @ Josh Steimle

Fri Sep 09 01:23:21 PDT 2016

Here is exactly what I sent to John Lee Dumas of EOFire for my application to be on his ultra-popular podcast.

am I sabotaging my former intern’s job prospects?

by Ask a Manager @ Ask a Manager

Thu Mar 22 10:59:20 PDT 2018

A reader writes: About two and a half years ago, I was hired by a cultural organization as their only staff person. While the job was not without its challenges, it was a great learning experience and I excelled in my role, which has greatly boosted my professional reputation in my area (it’s a small […]

am I sabotaging my former intern’s job prospects? was originally published by Alison Green on Ask a Manager.

Formatting Tips For Your First Blog Post

by Josh Steimle @ Josh Steimle

Sun Jun 26 23:58:53 PDT 2016

This is a big step for you. After all these years, after all the thinking, considering, pondering, planning, etc. you're ready to hit publish on that first blog post of yours. Almost.

boss said she’d give me a great reference but she didn’t, jobs advertised for less than minimum wage, and more

by Ask a Manager @ Ask a Manager

Tue Mar 20 21:03:16 PDT 2018

It’s five answers to five questions. Here we go… 1. My manager said she’d give me a great reference — but she didn’t After a second round interview with company A, I was asked to submit references. I typically would not include my current direct supervisor, who started working with my team six months ago, […]

boss said she’d give me a great reference but she didn’t, jobs advertised for less than minimum wage, and more was originally published by Alison Green on Ask a Manager.

will it hurt me to apply for multiple jobs at the same company?

by Ask a Manager @ Ask a Manager

Wed Mar 14 10:59:03 PDT 2018

A reader writes: I’ve been trying to start a career at the entry-level in a difficult industry to break into for quite some time. I wasn’t as tenacious as I should have been in my initial round of applications nearly a year ago, but now I’m finally ready to jump on every listing that fits […]

will it hurt me to apply for multiple jobs at the same company? was originally published by Alison Green on Ask a Manager.

4 Signs You Have What It Takes to Be Self-Employed and Leave Traditional Jobs Behind

by Deborah Sweeney @ Fundera Ledger

Tue Mar 20 12:24:48 PDT 2018

Have you noticed more and more people quitting their jobs… and going to work for themselves? It’s not just you! […]

The post 4 Signs You Have What It Takes to Be Self-Employed and Leave Traditional Jobs Behind appeared first on Fundera Ledger.

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.

Related Courses

Accounting for Inventory 
How to Audit Inventory 

What To Do When What Used To Work Stops Working

by Josh Steimle @ Josh Steimle

Sun Feb 25 20:33:30 PST 2018

Facebook recently changed their feed to promote posts from your friends and family over those from brands. That’s great news for your friends and family, but perhaps not so great for some marketers, who are scrambling to adjust. LinkedIn recently changed their feed as well. Two months ago I could have put up this post, in which I’m…

coworker calls me his “work wife,” error in my offer letter, and more

by Ask a Manager @ Ask a Manager

Wed Mar 21 21:03:05 PDT 2018

It’s five answers to five questions. Here we go… 1. My coworker calls me his “work wife” A couple of months ago, I joined a new team at work, in a role that is somewhat isolated from the rest of the group. So I was glad when another junior staff member who had joined the […]

coworker calls me his “work wife,” error in my offer letter, and more was originally published by Alison Green on Ask a Manager.

5 Creative Habits That Will Keep Your Finances On Track

by Ben Luthi @ Chime Banking

Tue Mar 27 13:29:00 PDT 2018

Improving your financial situation may seem as easy as saving more money and decreasing your expenses. But here’s the thing: if you want to see long-term improvements, you’ve got to first establish some good financial habits. This will help you both get on the right track and achieve your money goals. Financial habits are really […]

The post 5 Creative Habits That Will Keep Your Finances On Track appeared first on Chime Banking.

6 Reasons Contributors Need A Website

by Josh Steimle @ Josh Steimle

Sun Nov 19 19:57:15 PST 2017

Forbes has a few thousand contributors (i.e. unpaid writers) who write for their publication for free. There are tens of thousands more who want to write for Forbes, who would even pay to write for Forbes, but have been rejected. During the next 12 months Forbes will likely receive several thousand applications from aspiring contributors, and all…

how can I stop resenting my friend who doesn’t have to work?

by Ask a Manager @ Ask a Manager

Tue Mar 27 07:59:05 PDT 2018

A reader writes: I have a good friend, Arya, who has been taking some time off work for a few years now. Basically, she doesn’t need to work to get by like you and I do. Her spouse makes really good money at an international company, and his salary affords them a generous lifestyle of […]

how can I stop resenting my friend who doesn’t have to work? was originally published by Alison Green on Ask a Manager.

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)

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.

Related Courses

Business Ratios Guidebook 
The Interpretation of Financial Statements 

Full List of 2015 Global 500 CMOs

by Josh Steimle @ Josh Steimle

Tue May 10 21:46:02 PDT 2016

Every CMO or top marketer from the 2015 Global 500, compiled as part of my research for the book CMOs at Work.

Are You Ready for Retirement?: Essential Information on IRAs and 401(k)s

by Kara Vincent @ LRRCU

Tue Aug 22 03:05:44 PDT 2017

While you’re young, you may not be thinking about saving for retirement. You’re probably more focused on paying off student loan debt, searching for a job, or buying a house. But, starting to save for your financial future early will only benefit you in the long run. Start your retirement planning as early as you can. Think […]

The post Are You Ready for Retirement?: Essential Information on IRAs and 401(k)s appeared first on LRRCU.

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.

3 Ways to Become a Better Public Speaker Without Speaking

by Josh Steimle @ Josh Steimle

Fri Jun 17 09:41:15 PDT 2016

Every speaker can become a better public speaker by organizing events, moderating panels, and being an MC.

my office is moving … to my boss’s house

by Ask a Manager @ Ask a Manager

Thu Mar 22 09:30:55 PDT 2018

A reader writes: I work for a small company with two full-time employees, two part-time, and a weekly bookkeeper. My boss is wealthy, mercurial, and often out of the office or traveling. Recently, he announced that he has decided to move our office from our (already small) space into his duplex apartment, which is supposed […]

my office is moving … to my boss’s house was originally published by Alison Green on Ask a Manager.

I’m being mentored against my will by a dude who’s my peer

by Ask a Manager @ Ask a Manager

Mon Mar 26 07:59:09 PDT 2018

A reader writes: I’ve been in my chosen career for about 10 years now. About three years into my career, I struck up a collegial friendship with someone who worked for a competitor. He’s maybe five years older than I am, but we were at a similar point in our careers. Fast forward to the […]

I’m being mentored against my will by a dude who’s my peer was originally published by Alison Green on Ask a Manager.

60 Contributors to Forbes, Entrepreneur, Inc., and More Tell How They Got The Opportunity

by Josh Steimle @ Josh Steimle

Fri Oct 28 07:46:19 PDT 2016

Want to become a contributor to Forbes, Inc., or Entrepreneur? Now you can read how 60 contributors got into these and other publications.

Consumers Union statement on reports of self-driving Uber car, pedestrian fatality

by David Butler @ Consumers Union

Mon Mar 19 13:34:01 PDT 2018

  Monday, March 19, 2018 WASHINGTON, D.C. — Consumers Union, the advocacy division of Consumer Reports, made the following statement today following the news reports of a pedestrian fatality involving a self-driving Uber vehicle in Arizona: David Friedman, Director of Cars and Product Policy and Analysis, Consumers Union, said, “All of our thoughts and sympathies […]

The Influencer Book

by Josh Steimle @ Josh Steimle

Thu Apr 07 00:07:45 PDT 2016

"Influencer Inc" will be the title of my next book. Why this book, and why now? Read this post to find out.

Holiday Shopping Tips for Your Spending Personality

by Kara Vincent @ LRRCU

Mon Nov 20 10:19:45 PST 2017

Although 41% of consumers report starting their holiday shopping in October or even earlier (Wow! Good for you!), an estimated 69% of Americans will shop over the Thanksgiving weekend. Early research from the National Retail Federation shows that the 2017 season will be a big deal, with holiday spending forecasted to be near $680 billion, up almost 4% […]

The post Holiday Shopping Tips for Your Spending Personality appeared first on LRRCU.

Enroll in Direct Deposit

by Web Administrator @ Office of the Treasurer – Payroll

Tue Jul 05 12:24:00 PDT 2016

In order to comply with State regulations all TCNJ employees, including students, must be enrolled in Direct Deposit.

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.

Related Courses

Bookkeeping Guidebook 
New Controller Guidebook 

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.

Related Courses

Human Resources Guidebook 
Payroll Management 

Why I Did a 180 on Moving to China

by Josh Steimle @ Josh Steimle

Sun Aug 07 18:21:58 PDT 2016

I'm moving to Shenzhen, China to open MWI's second Asia office there. Why Shenzhen and not Singapore or some other Asian market?

knowledge swap! share your expertise with people here

by Ask a Manager @ Ask a Manager

Thu Mar 22 07:59:59 PDT 2018

Are you good at something and willing to share that expertise with others here? Here’s what I propose for a change of pace: 1. In the comment section below, name something you’re really good at that you’d be willing to answer questions about. It could be Excel, or financial planning, or make-up recommendations, or resolving […]

knowledge swap! share your expertise with people here was originally published by Alison Green on Ask a Manager.

5 Facts About Women and Money for International Women’s Day

by Chelsea Brennan @ Chime Banking

Thu Mar 08 14:46:51 PST 2018

Did you know that only 22% of U.S. women can answer three fundamental finance-related questions correctly? It’s sad but true. While women have made significant strides to close the gender gaps in education, employment, and even wealth, the gap in financial literacy is still glaring. But, in order to even begin bridging this gap, it’s important to understand that […]

The post 5 Facts About Women and Money for International Women’s Day appeared first on Chime Banking.

The Best Business Checking Account for Your LLC: How to Find and Choose One

by Meredith Wood @ Fundera Ledger

Mon Mar 26 09:04:56 PDT 2018

We all have a favorite personal bank—perhaps the one you grew up using or wherever you had your first bank […]

The post The Best Business Checking Account for Your LLC: How to Find and Choose One appeared first on Fundera Ledger.

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.

Related Courses

Business Ratios Guidebook 
Financial Analysis 
The Interpretation of Financial Statements 

How P2P Payment is Changing Personal Finance

by rapid! PayCard @ rapid! PayCard

Wed Sep 13 13:18:58 PDT 2017

Emerging Peer-to-peer payment technology is growing in popularity, and will soon make back-of-napkin IOUs obsolete. Peer-to-peer payment, also known as P2P payment, is online technology that allows users to transfer funds from a bank account or credit card via the internet or mobile phone. One study found that nearly a quarter of mobile users sent money to another person from an app in 2016 — this statistic nearly triples when it comes to the millennial generation. The growing trend of P2P payment is just another chapter in 21st century technological augmentation of traditional services. Whether it’s ridesharing, online shopping, or P2P payment, consumers are foregoing tradition, and choosing digital alternatives... Read More

Evaluation of internal controls

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 05:50:00 PDT 2018

An evaluation of internal control involves an examination of the effectiveness of an organization's system of internal controls. By engaging in this evaluation, an auditor can determine the extent of other tests that must be performed in order to arrive at an opinion regarding the fairness of the entity's financial statements. A robust system of internal controls reduces the risk of fraudulent activity, which moderates the need for additional audit procedures. The examination concentrates on such issues as:

• The separation of duties
• Checks and balances
• Safeguarding of records
• The training level and competence of employees
• The effectiveness of the entity's internal audit function

The steps involved in this evaluation process include the following:

1. Determine the extent and types of controls being used by the client.
2. Determine which of these controls the auditor intends to rely upon.
3. Based on the first two steps, determine which audit procedures should be expanded or reduced.
4. Make recommendations to the client regarding how to improve its system of internal controls.

The last of the preceding steps is useful for improving the control environment for the auditor in the following year's audit.

Related Courses

Accounting Controls Guidebook 

interview with a nanny for a famous psychic

by Ask a Manager @ Ask a Manager

Thu Mar 15 07:59:53 PDT 2018

Occasionally I do interviews here with people who have had particularly interesting jobs. Recently a commenter here mentioned that she used to be a nanny for a famous psychic, and I wanted to know more. She kindly agreed to be interviewed, and here’s our conversation. Note: This interview contains references to the interviewee’s spiritual beliefs, […]

interview with a nanny for a famous psychic was originally published by Alison Green on Ask a Manager.

Kelley – Piece of Advice

by Marysol Hernandez @ Oasis Outsourcing

Wed Mar 07 05:20:10 PST 2018

Oasis Insights Kelley Castell, Chief Operating Officer What piece of advice have you received that you would like to pass on? “Your greatest strength overextended can become a weakness. For instance, if an individual has excellent attention to detail, but that focus results in missing the big picture, that strength (in some ways) becomes a […]

I overheard my boss complaining about me

by Ask a Manager @ Ask a Manager

Mon Mar 26 09:30:32 PDT 2018

A reader writes: The higher-ups in our company regularly have private meetings, which are usually very hush-hush behind closed doors. During a recent meeting of theirs, the door was left open and we (the rest of the team) could hear bits and pieces of their conversation-not purposely, of course, and not that it was worth […]

I overheard my boss complaining about me was originally published by Alison Green on Ask a Manager.

The Best Candidates for Local Business Loans Have These 6 Qualities in Common

by Caroline Goldstein @ Fundera Ledger

Wed Mar 21 10:28:48 PDT 2018

Need funding? Then your first stop might be to head to your local bank to see if you’re one of […]

The post The Best Candidates for Local Business Loans Have These 6 Qualities in Common appeared first on Fundera Ledger.

our employee is taking nude photos in our office and posting them to Facebook

by Ask a Manager @ Ask a Manager

Wed Mar 14 07:59:09 PDT 2018

A reader writes: I am the office manager of a small (two additional employees, two doctors, and one therapist) health practice. One employee, who I will call Jane, has worked there for over 10 years and handles billing, front desk, and bookkeeping. Jane is recently divorced and seems to be going through a mid-life crisis […]

our employee is taking nude photos in our office and posting them to Facebook was originally published by Alison Green on Ask a Manager.

Financing A New Home: Answering Homebuyer Questions

by Kara Vincent @ LRRCU

Mon Mar 12 07:40:38 PDT 2018

Finding the perfect new home can be hard work, but now you also have to navigate the mortgage financing process. There are many questions that arise when it comes to financing a new home. Below we’re answering four questions about financing a new home that homebuyers commonly ask. 1. Should I Be Pre-Qualified or Pre-Approved? […]

The post Financing A New Home: Answering Homebuyer Questions appeared first on LRRCU.

Pennsylvania: Non-Discrimination Executive Order Affects State Contracts

by dougsce @ Simplifi Payroll and HR

Tue May 17 06:41:33 PDT 2016

The Governor of Pennsylvania recently signed an executive order to ensure that discrimination by reason of race, gender, creed, color,... Learn More

The post Pennsylvania: Non-Discrimination Executive Order Affects State Contracts appeared first on Simplifi Payroll and HR.

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.

Should Businesses Stop Accepting Cash?

by rapid! PayCard @ rapid! PayCard

Fri Aug 18 12:08:23 PDT 2017

Visa is paying out a jackpot to vendors willing to bet against old money, and roll the dice on cashless transactions. Visa will give $10,000 to 50 restaurants that pledge to go cashless. The new initiative, what Visa executive Jack Forestall calls “a journey to go cashless,” will incentivize vendors to rip off the bandaid of paper transactions and progress to a cashless system. The money can be used for marketing and updating point of sale technology to focus payment exclusively on credit and debit cards and electronic payment. Visa will select participating merchants in August. Cash remains the predominate method of payment, according to the Federal Reserve. A report... Read More

Tax Cuts Job Act

by Kim Weber @ TCU | Human Resources

Thu Feb 15 12:14:01 PST 2018

TCU’s Human Resources Payroll Office is in the process of updating its payroll policies, including the withholding tables, to comply with the Tax Cuts and Jobs Act. The TCJA reduces taxes for all wages paid after Dec. 31, 2017, and modifies policies, credits and deductions for individuals. Beginning Feb. 16, TCU bi-weekly paid employees may... Read more »

Loans for Business Owners, According to Your Needs (and How to Pick)

by Meredith Turits @ Fundera Ledger

Fri Mar 23 06:25:42 PDT 2018

Nearly every small business owner understands the need for funding. No matter what stage your business is in, understanding your […]

The post Loans for Business Owners, According to Your Needs (and How to Pick) appeared first on Fundera Ledger.

Midsized Companies Can’t Afford Operational Glitches

by ipdesign @ Simplifi Payroll and HR

Fri Jun 06 05:44:56 PDT 2014

Survey Finds Workplace Flexibility Is Increasing SHRM, Bill Leonard NASHVILLE, TENN.-A tepid U.S. economy and sputtering job market have not... Learn More

The post Midsized Companies Can’t Afford Operational Glitches appeared first on Simplifi Payroll and HR.

my beloved boss was fired, is curly hair unprofessional, and more

by Ask a Manager @ Ask a Manager

Wed Mar 14 21:03:11 PDT 2018

It’s five answers to five questions. Here we go… 1. My beloved boss was fired My company has been going through a long, drawn-out restructuring that has been very painful and anxiety-provoking. For example, we were told in December that the department I work for was going to be restructured, and are finally scheduled to […]

my beloved boss was fired, is curly hair unprofessional, and more was originally published by Alison Green on Ask a Manager.

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.

Continuing professional education

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:53:00 PDT 2018

Continuing professional education (CPE) is ongoing training that is required in order to remain certified as a professional in certain fields. The intent behind requiring this training is to force professionals to continue to update their knowledge of pertinent information that can improve their ability to serve their clients. In the accounting field, the state boards of accountancy all require a significant amount of CPE for certified public accountants (CPAs). Though the exact training requirements vary by state, the general requirements are:

• To take 40 hours of training per year, with some minimum number of hours spent on accounting or auditing subjects; and
• To take an ethics course every other year, which in some cases must pertain to the specific ethics requirements of the relevant state board of public accountancy.

If a CPA does not meet the CPE requirements of the governing state board of public accountancy, there is usually a requirement to make up the missing training time. If this does not happen within a reasonable period of time, then the person's CPA certificate is revoked.

There are a number of ways to fulfill the CPE requirement. A person may take classes from a CPE provider that is registered with the National Association of State Boards of Accountancy, or which is registered with the applicable state board of public accountancy. These classes can take the form of online self-study training, online webinars, in-person training, and so forth. A recent change in the rules is nano learning, where extremely short courses are offered that grant fractions of a credit hour for course completion. Some proportion of a person's CPE hours can also be earned by teaching classes or writing relevant professional articles or books.

Related Courses

23 Ways to Find Topics to Blog About

by Josh Steimle @ Josh Steimle

Tue May 24 21:18:14 PDT 2016

Having trouble figuring out what to blog about? Here are 23 ideas to inspire your creativity.

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 […]

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.

Related Courses

Budgeting 
Capital Budgeting 

4 Simple Steps to Set Up an LLC in NYC—Including 1 to Save You Hundreds of Dollars

by Billie Anne Grigg @ Fundera Ledger

Wed Mar 21 11:11:20 PDT 2018

Maybe you’ve been working on a side hustle in Brooklyn for a while and a client has asked you to […]

The post 4 Simple Steps to Set Up an LLC in NYC—Including 1 to Save You Hundreds of Dollars appeared first on Fundera Ledger.

Exchange of nonmonetary assets

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:59:00 PDT 2018

An exchange of nonmonetary assets occurs when two entities swap nonfinancial assets. The accounting for a nonmonetary transaction is based on the fair values of the assets transferred. This results in the following set of alternatives for determining the recorded cost of a nonmonetary asset acquired in an exchange, in declining order of preference:

1. At the fair value of the asset transferred in exchange for it. Record a gain or loss on the exchange.
2. At the fair value of the asset received, if the fair value of this asset is more evident than the fair value of the asset transferred in exchange for it.
3. At the recorded amount of the surrendered asset, if no fair values are determinable or the transaction has no commercial substance.

There can be any number of variations on the nonmonetary exchange concept, including ones where some cash is exchanged, along with other nonmonetary assets. If there is a significant amount of monetary consideration paid (known as boot), the entire transaction is considered to be a monetary transaction. In GAAP, a significant amount of boot is considered to be 25% of the fair value of an exchange. Conversely, if the amount of boot is less than 25%, the following accounting applies:

• Payer. The party paying boot is not allowed to recognize a gain on the transaction (if any).
• Recipient. The receiver of the boot recognizes a gain to the extent that the monetary consideration is greater than a proportionate share of the carrying amount of the surrendered asset. This calculation is based on the percentage of monetary consideration received to either:
  • Total consideration received, or
  • The fair value of the nonmonetary asset received (if more clearly evident)
  • Nonmonetary exchanges of inventory should be recognized at the carrying amount of the inventory transferred (not their fair values).

• Related Courses

  Fixed Asset Accounting 
  How to Audit Fixed Assets 

Great Colleges to Work For Survey 2018

by Kim Weber @ TCU | Human Resources

Mon Mar 05 11:20:36 PST 2018

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.

Related Courses

Business Ratios Guidebook 
The Interpretation of Financial Statements 

I’m afraid to show any weakness at work

by Ask a Manager @ Ask a Manager

Tue Mar 27 09:30:36 PDT 2018

A reader writes: I’m a director at my company, responsible for four staff members and my own department. I have been in this director role for about 16 months, and prior to this I was an assistant director responsible for two people … but I had someone above me who shaped the department and basically […]

I’m afraid to show any weakness at work was originally published by Alison Green on Ask a Manager.

Is There a Minimum Credit Score for Business Loan Eligibility?

by Caroline Goldstein @ Fundera Ledger

Mon Mar 26 12:16:55 PDT 2018

Practically no one would call the process of getting a small business loan “simple.” You’ll have to meet a ton […]

The post Is There a Minimum Credit Score for Business Loan Eligibility? appeared first on Fundera Ledger.

Year-End Reply Forms are due by December 4th! Click to download electronic version so you can be entered into our drawing!

by the-payroll-department @ The Payroll Department

Mon Nov 23 19:28:10 PST 2015

Year-End Reply Forms are due by December 4th! (Click here to download the electronic version so you can be entered into our drawing)!

The post Year-End Reply Forms are due by December 4th! Click to download electronic version so you can be entered into our drawing! appeared first on The Payroll Department.

Consumers Union Criticizes USDA for withdrawing animal welfare standards for food labeled organic

by Michael McCauley @ Consumers Union

Mon Mar 12 15:54:41 PDT 2018

Rule requiring outdoor space was set to go into effect on May 14    WASHINGTON, D.C. – Consumers Union, the advocacy division of Consumer Reports, criticized the U.S. Department of Agriculture for being out of step with food consumers by  withdrawing its rule today requiring organic producers to abide by strong animal welfare standards.  The implementation […]

win a copy of the new Ask a Manager book

by Ask a Manager @ Ask a Manager

Mon Mar 12 09:30:58 PDT 2018

Want to win a copy of the new Ask a Manager book? My publisher is giving away 25 free copies to readers of this site, and you can enter to win one here. Ask a Manager: How to Navigate Clueless Colleagues, Lunch-Stealing Bosses, and the Rest of Your Life at Work will be published by Random House/Ballantine on […]

win a copy of the new Ask a Manager book was originally published by Alison Green on Ask a Manager.

Successfully Plan for Holiday Shopping on a Budget [Downloadable Budget Sheet]

by Kara Vincent @ LRRCU

Wed Nov 15 04:02:02 PST 2017

‘Tis the season to be jolly! ‘Tis the season for the gifts, decorations, family, friends, and children on their best behavior. ‘Tis the season for overloaded shopping bags, impulse buying, and credit card bills. Wait! That doesn’t sound as cheery. In 2016, according to a survey conducted by The American Research Group Inc., Americans spent […]

The post Successfully Plan for Holiday Shopping on a Budget [Downloadable Budget Sheet] appeared first on LRRCU.

Top 50 Marketing Writers To Follow In 2018

by Josh Steimle @ Josh Steimle

Tue Feb 20 14:29:59 PST 2018

Want to learn how to become a master of marketing from marketers who don’t just know marketing, but know how to write about marketing in a way that is a pleasure to read? Follow the folks on this list. In no particular order: Dorie Clark Dorie Clark is a marketing strategy consultant, professional speaker, and…

Payments for ten month employees

by Web Administrator @ Office of the Treasurer – Payroll

Wed Jun 01 12:26:02 PDT 2016

Ten month employees will receive their last payment for the academic year on Friday, June 17, 2016. The first payment for the 2016-2017 academic year will be August 26, 2016.

What Questions Do You Have About Becoming an Influencer?

by Josh Steimle @ Josh Steimle

Mon Aug 01 23:22:43 PDT 2016

People are always asking me "Josh, you came out of nowhere, now I see your name all over the place, how I can do that?"

coworker’s expensive wedding registry, how can I help my heartbroken boss, and more

by Ask a Manager @ Ask a Manager

Mon Mar 26 21:03:43 PDT 2018

It’s five answers to five questions. Here we go… 1. My boss wants us to buy a colleague expensive gifts from her wedding registry I generally know your feelings on this, but I’ve got another question about gifts flowing upwards. One of our senior level executives, Sansa, is getting married in a few months. Sansa […]

coworker’s expensive wedding registry, how can I help my heartbroken boss, and more was originally published by Alison Green on Ask a Manager.

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.

Related Courses

Constraint Management 

Organic growth

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 12:42:00 PDT 2018

Organic growth is the increase in sales of a business generated by those of its operations that were in existence at the beginning of the measurement period. The concept is used to differentiate between sales generated from existing operations and those operations that were acquired during the measurement period. In particular, organic growth is used to determine whether existing operations are in a state of decline, neutral growth, or expansion. It is entirely possible that organic "growth" will actually be negative.

For example, a company may report 100% growth during a period, but further analysis may reveal that 95% of the growth was from sales attributable to an acquisition and 5% to existing operations.

Organic growth can be caused by any of the following:

• An increase in prices
• An increase in units sold of existing products
• Sales of new products from existing operations
• Sales to new customers for products from existing operations
• Sales generated by new distribution channels
• Sales generated in new sales regions

Organic growth nearly always refers to changes in revenue, but can be used in reference to changes in profitability or cash flows.

The organic growth concept is a solid growth strategy for many businesses. This approach depends on internally-generated growth, rather than through acquisitions, and is a particularly viable option for a business that does not have sufficient cash to acquire other entities. However, this type of growth tends to be rather slow, especially when compared to the massive sales gains that can be achieved through an acquisition strategy. Also, organic growth could be in a sales segment that does not generate much cash flow, whereas an acquisition could generate sales in a more profitable segment of the market.

Related Courses

Business Ratios Guidebook 
Financial Analysis 
The Interpretation of Financial Statements 

can I be paid in comp time instead of overtime pay?

by Ask a Manager @ Ask a Manager

Mon Mar 26 10:59:42 PDT 2018

A reader writes: I work for a chapter of a national nonprofit organization managing several fundraising events. I am becoming increasingly frustrated with the way our organization handles overtime during our busy event season, and am wondering if it’s completely legal. At the end of 2016 with the pending overtime law, the organization decided to […]

can I be paid in comp time instead of overtime pay? was originally published by Alison Green on Ask a Manager.

5 Reasons It’s Hard To Become A Writer For Big Business Pubs

by Josh Steimle @ Josh Steimle

Thu Oct 19 00:51:38 PDT 2017

Update: There has been so much demand for more information on how to become a Forbes contributor and how to leverage it to grow your business that I launched a masterclass in 2017 with 20 spots–it sold out. We’re now launching the second round and we expect it to sell out as well. Here’s some…

Electric Vehicle Sales Continue to Accelerate

by Jason Kuruvilla @ Consumers Union

Thu Mar 15 13:21:28 PDT 2018

2017 was another year of growth for electric vehicles. Nearly 200,000 electric vehicles were sold in the U.S. last year, up 25% from the year before, even as sales of traditional gas powered vehicles declined.  And for first time, global EV sales in 2017 crossed the 1 million mark. 2018 is already on track to […]

do I need to give interviewers a great reason for why I’m looking to leave my current job?

by Ask a Manager @ Ask a Manager

Thu Mar 15 10:59:58 PDT 2018

A reader writes: I’m looking to leave my current position. I’ve been lucky enough to receive positive responses on informational interviews I’ve gone on and applications I’ve sent out so far, but I’m curious about how important it is to have a great “reason” to want to leave for something else. I enjoy the industry […]

do I need to give interviewers a great reason for why I’m looking to leave my current job? was originally published by Alison Green on Ask a Manager.

Apple Pay Cash is Now Live — How Does it Work?

by rapid! PayCard @ rapid! PayCard

Tue Feb 13 15:11:25 PST 2018

Learn everything you need to know about the new Apple P2P payment system That one friend, the one who still hasn’t repaid you for pizza because he “doesn’t have the right app,” is in trouble. Today, iPhone users can access what experts in the tech industry are calling “the Venmo Killer”: Apple Pay Cash. Apple Pay cash is a P2P payment service which allows users to send and receive payment through iMessage The days of P2P fragmentation are over. Thanks to Apple Pay Cash, all money transfers can take place through a central, default iOS application, and ultimately unify all P2P transactions under one secure, and intuitive, system. How to... Read More

How I Got to Inbox Zero

by Josh Steimle @ Josh Steimle

Sun Aug 07 18:01:52 PDT 2016

I've been in email debtor's prison for years. Now I'm making my escape.

Free Download: Personal Brand Tagline Checklist

by Josh Steimle @ Josh Steimle

Tue Jan 09 14:41:16 PST 2018

Are you ready to become a thought leader? Want to get paid to speak? Would you like to write for Forbes, Entrepreneur, Inc., or another top business publication? How about publish a bestselling book? Build an email list or a following on social media? To attract customers, companies build brands that tell who they are.…

Full List of 2015 Fortune 500 CMOs

by Josh Steimle @ Josh Steimle

Sun Apr 03 19:11:25 PDT 2016

Below is a comprehensive list of chief marketing officers from the Fortune 500 for 2015.

Barbara Drames – Benefits of a PEO

by Marysol Hernandez @ Oasis Outsourcing

Wed Feb 14 05:50:29 PST 2018

Oasis Insights Barbara Drames, Senior Vice President of Benefits How would you explain the benefits of a PEO to a potential client not familiar with the model?  “PEOs work specifically with businesses owners to identify areas where we can help them contain operating expenses, mitigate employer related liabilities, and accelerate growth and revenue results. Oasis […]

Electronic 1095-C Notification

by Kim Weber @ TCU | Human Resources

Fri Jan 19 11:07:05 PST 2018

Electronic 1095-C Notification   Dear TCU employee, It is that time of year again when tax forms are required for individual tax filing for the 2017 calendar year. Texas Christian University, in accordance with the Patient Protection and Affordable Care Act (ACA), is required by the Internal Revenue Service (IRS) to provide each full-time employee... Read more »

Influencer Affirmations

by Josh Steimle @ Josh Steimle

Wed Jan 04 20:44:18 PST 2017

I may not be the most touchy-feely guy, but affirmations have helped me become a better influencer. Here are some of my favorites, and a new project announcement.

9 No-Fail Tips for Giving Constructive Criticism at Work

by Meredith Wood @ Fundera Ledger

Fri Mar 23 07:28:42 PDT 2018

Though criticism is an inevitable part of any workplace, most people find it difficult to give negative feedback to direct […]

The post 9 No-Fail Tips for Giving Constructive Criticism at Work appeared first on Fundera Ledger.

National Teach Children to Save Day

by rapid! PayCard @ rapid! PayCard

Mon Apr 24 07:00:35 PDT 2017

Like any company that provides technology to make life easier, we examine the millennial demographic. They are the population sector interested in options – from ways to communicate, to ways to bank. In their April 2016, article, Pew Research Center cited estimates by the U.S. Census Bureau that millennials have now “surpassed Baby Boomers as the nation’s largest living generation”. A powerful consumer force, the members of this group are working “real jobs” and building careers. They are open to alternatives. They also need them as they don’t typically comply with traditional banking methods. Per rapid! PayCard’s October 2016 article about banking options for millennials and the flexibility of getting... Read More

what to say when your boss is rude to a coworker in front of you

by Ask a Manager @ Ask a Manager

Wed Mar 21 07:59:25 PDT 2018

A reader writes: What can/should I do when my boss is rude to another coworker? We’re a small, very early-stage start-up with no HR person. The coworker and I are both young, female, and new. My boss often puts her down (“God, you’re inattentive” or “if you can’t even do this task you should be […]

what to say when your boss is rude to a coworker in front of you was originally published by Alison Green on Ask a Manager.

Top Social Media Tools for Influencers

by Josh Steimle @ Josh Steimle

Thu Nov 17 22:53:57 PST 2016

As an influencer you may spend several hours each day on social media. Here are the tools I use to make my social media time more efficient.

How I Almost Got Sued By Gary Vaynerchuk

by Josh Steimle @ Josh Steimle

Mon Sep 11 16:51:00 PDT 2017

Ever had a good idea which, when executed, didn’t come off quite as you planned? I thought I had discovered a clever way to get Gary Vaynerchuk‘s attention, and perhaps get him to speak at Influence Summit 2017, our virtual event all about building a personal brand, public speaking, writing, PR, marketing, social media, etc.…

Consumer Reports to Facebook: Notify every person who had private data compromised

by David Butler @ Consumers Union

Wed Mar 21 08:12:43 PDT 2018

Wednesday, March 21, 2018 National petition calls on Facebook to inform all users impacted by Cambridge Analytica scandal so consumers can hold FB accountable WASHINGTON, D.C. — In the wake of the Facebook-Cambridge Analytica scandal, Consumer Reports is calling on Facebook to immediately notify all users who had their private data compromised. CR is circulating […]

Do You Know About the 2017 Tax Filing Extension?

by Liz Oliver @ LRRCU

Thu Mar 15 02:14:14 PDT 2018

The date April 15 is probably as quickly recognizable to most Americans as July 4 or December 25. Traditionally recognized as Tax Day, it’s the deadline for filing your previous year’s tax return.  With one month to go, you may be feeling the pressure and scrambling to get the task completed in the remaining days.  But […]

The post Do You Know About the 2017 Tax Filing Extension? appeared first on LRRCU.

It’s time payment systems caught up with the demands of the gig economy

by rapid! PayCard @ rapid! PayCard

Tue Feb 13 16:10:28 PST 2018

Is your payment system ready for the gig economy or are you just a big wannabe? According to a Forbes article, 35 percent of the workforce have a gig, and collectively they earned $1 trillion from ad hoc work last year. But, freelance workers, who have come to expect payment as instantaneous as their work, are turning their noses up at outdated companies that can’t keep up. If you’re still mailing checks, might as well be using the Pony Express as far as tech-savvy gig workers are concerned. We are on the precipice of a major sea change, and the traditional employment model is quickly becoming as outdated as the... Read More

Kim L. – Country Club

by Marysol Hernandez @ Oasis Outsourcing

Tue Feb 20 06:31:37 PST 2018

Client Testimonial “It was a very good decision to outsource our human resources and benefits to Oasis and I would highly recommend Oasis to any business that needs to reduce its exposure to human resources liabilities and relieve themselves of the headaches and high costs of managing their own human resources.” – Kim L. (Country […]

Buying an Existing Business: What to Know Before Taking the Plunge

by Priyanka Prakash @ Fundera Ledger

Tue Mar 27 09:53:31 PDT 2018

Yes, it’s a huge decision—but when you pull the trigger on buying an existing business, you get the opportunity to […]

The post Buying an Existing Business: What to Know Before Taking the Plunge appeared first on Fundera Ledger.

Debra – Motivation

by Marysol Hernandez @ Oasis Outsourcing

Wed Mar 21 05:54:22 PDT 2018

Oasis Insights Debra Bathurst, Vice President, Human Resources What motivates you professionally? “My mom and dad instilled a strong work ethic in me and I am driven to give 110%. Even if I don’t always succeed, I am always trying to do a better job and I find many of my Oasis colleagues are striving […]

Why every business should consider switching to electronic payroll

by rapid! PayCard @ rapid! PayCard

Thu Oct 05 05:37:57 PDT 2017

Due to advancements in technology, utilizing payroll checks is becoming an outdated form of payment. Automated payment through direct deposit saves time and money, enhances security1, 2 and can make payday easy for employers and employees. Yet, resistance to modern banking solutions like direct deposit and paycards prevent many businesses from progressing in the 21st century. Paycard technology is growing in popularity, and as the benefits of switching to electronic payroll compound,  it becomes more difficult for businesses to avoid trying out alternative payment methods such as the rapid! PayCard. Still not convinced? Here are 3 reasons why paycheck holdouts are making the switch to a more convenient, modern, and... Read More

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.

Related Courses

Payroll Management 

9 Mistakes Influencers Make When Trying to Become Contributors to Major Publications

by Josh Steimle @ Josh Steimle

Mon Dec 12 23:13:07 PST 2016

Don't let your desire to become a contributor to a major publication like Forbes, Inc, or Entrepreneur lead you to make these mistakes.

my coworker thinks it’s funny to try to scare me

by Ask a Manager @ Ask a Manager

Tue Mar 20 07:59:06 PDT 2018

A reader writes: I have been having a mild problem with a coworker since I started at this new company a little over a year ago. He tends to like to sneak up and scare us while we are working. We both wear earbuds while we work so it’s easy for us to not hear […]

my coworker thinks it’s funny to try to scare me was originally published by Alison Green on Ask a Manager.

coworker is too aggressive about enforcing rules, colleague selling free stuff from work, and more

by Ask a Manager @ Ask a Manager

Sun Mar 18 21:03:17 PDT 2018

It’s five answers to five questions. Here we go… 1. My coworker is too aggressive about keeping our lab clean My colleague, who is my peer, recently got a responsibility he treats very seriously. That responsibility is focused around improvement of tidyness of the laboratory with a focus of reducing the risk of contamination. These […]

coworker is too aggressive about enforcing rules, colleague selling free stuff from work, and more was originally published by Alison Green on Ask a Manager.

open thread – March 16-17, 2018

by Ask a Manager @ Ask a Manager

Fri Mar 16 08:00:12 PDT 2018

It’s the Friday open thread! The comment section on this post is open for discussion with other readers on anything work-related that you want to talk about. If you want an answer from me, emailing me is still your best bet*, but this is a chance to talk to other readers. * If you submitted […]

open thread – March 16-17, 2018 was originally published by Alison Green on Ask a Manager.

Getting Out of Debt: You Can Do It and Here’s How to Get Started

by Liz Oliver @ LRRCU

Thu Jan 18 03:41:02 PST 2018

Most goals or resolutions that people set for themselves are neglected within a few weeks. It’s likely that this happens because people set far-reaching goals for themselves and then lose momentum when they don’t see results right away. A perfect example of this is the financial goal that many people set for themselves: getting out […]

The post Getting Out of Debt: You Can Do It and Here’s How to Get Started appeared first on LRRCU.

client pressured me into buying lingerie, employee thinks “thanks” is positive feedback, and more

by Ask a Manager @ Ask a Manager

Mon Mar 19 21:03:50 PDT 2018

It’s five answers to five questions. Here we go… 1. My client invited me to lunch — and then pressured me into buying lingerie I’m a freelance worker. One of my clients has been with me for several years, and I greatly appreciate her loyalty. Recently she put me in a very awkward situation, and […]

client pressured me into buying lingerie, employee thinks “thanks” is positive feedback, and more was originally published by Alison Green on Ask a Manager.

Ley de Recorte de Impuestos y Empleo

by Kim Weber @ TCU | Human Resources

Thu Feb 15 11:26:25 PST 2018

La Oficina de Nómina de Recursos Humanos de TCU se encuentra en el proceso de actualizar sus políticas de nómina, incluidas las tablas de retenciones, para cumplir con la Ley de Recorte de Impuestos y de Empleo (Tax Cuts and Jobs Act, TCJA por sus siglas en inglés). La TCJA reduce los impuestos para todos... Read more »

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 […]

12 Little Ways You Can Upgrade Your Business Technology to Make a Big Difference

by Rieva Lesonsky @ Fundera Ledger

Tue Mar 27 10:33:59 PDT 2018

Here’s your factoid of the day: Businesses that harness digital technology earn twice as much revenue per employee as businesses […]

The post 12 Little Ways You Can Upgrade Your Business Technology to Make a Big Difference appeared first on Fundera Ledger.

How to Save Money When You Get a Windfall of Cash

by Jackie Lam @ Chime Banking

Mon Mar 19 16:02:11 PDT 2018

Ah, there’s nothing quite like receiving a windfall of money. It may come by way of an unexpected inheritance, a work bonus or a job promotion. And depending on how you spend it, that sweet bit of extra cash may leave you feeling either relaxed or stressed out. While it’s tempting to spend it immediately, […]

The post How to Save Money When You Get a Windfall of Cash appeared first on Chime Banking.

my boss told me to quit or be fired

by Ask a Manager @ Ask a Manager

Thu Mar 15 09:30:51 PDT 2018

A reader writes: For the last six months, I’ve essentially been on “probation” with my supervisor, determining if this manager role is a good fit for me. His conclusion is that I do not possess the skills necessary for this role. Instead of terminating my employment, they offered me another position – a demotion to […]

my boss told me to quit or be fired was originally published by Alison Green on Ask a Manager.

21+ Ways to Build an Audience Who Will Buy Your Book

by Josh Steimle @ Josh Steimle

Fri Sep 08 07:42:56 PDT 2017

This post is partly in response to an email I received from a reader who says: Hi Josh, I have no idea how or why I started receiving your emails, but I love them. As a creative entrepreneur, I have grown and gained considerable success and happiness over the last 3 years and fast. During…

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.

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.

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.

my ex won’t leave our company after our break-up, I cried in front of my boss, and more

by Ask a Manager @ Ask a Manager

Tue Mar 13 21:03:06 PDT 2018

It’s five answers to five questions. Here we go… 1. I got my partner a job at my company, we broke up, and she won’t leave My partner of eight years and I just split up. We are not legally married. We are both female. Recently, I helped her get a job at my longtime […]

my ex won’t leave our company after our break-up, I cried in front of my boss, and more was originally published by Alison Green on Ask a Manager.

The Only Podcast Equipment List You’ll Ever Need

by Josh Steimle @ Josh Steimle

Mon Sep 18 01:43:56 PDT 2017

Good heavens, it’s amazing how many podcast equipment lists I read through and yet STILL I ended up having to buy more and more stuff as each time I bought a new thing, it turned out I needed some other thing to go with it. Here’s the entire list of everything I use–if your podcasting…

The growing gig economy, and what that means for electronic payment

by rapid! PayCard @ rapid! PayCard

Fri Aug 04 11:09:31 PDT 2017

Millions of Americans have jobs with little security, no benefits and irregular pay — and they love it. The gig economy is a booming business model that has changed the way employees make money. Gig work translates entrepreneurial spirit into earnings with no strings attached — whether that is to break into a new field, earn extra income for saving and investment, or make some weekend spending money. Nearly a third of the working population have a gig, according to Investopedia. Either as a primary means of income, or as a supplementary job, gigs allow flexibility in employment for a generation characterized by adaptability. This model is especially attractive to... Read More

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.

weekend free-for-all – March 24-25, 2018

by Ask a Manager @ Ask a Manager

Sat Mar 24 07:00:39 PDT 2018

This comment section is open for any non-work-related discussion you’d like to have with other readers, by popular demand. (This one is truly no work and no school.) Book recommendation of the week: The Amateur Marriage, by Anne Tyler. A multi-generational saga, all stemming from a marriage that probably shouldn’t have happened.

weekend free-for-all – March 24-25, 2018 was originally published by Alison Green on Ask a Manager.