Sat.Jun 08, 2024

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Jun 8, Form 1099-NEC vc Form 1099-K vs Form 1099-MISC

Bookkeeping Essentials

Explains the IRS Form 1099-NEC vs 1099-MISC vs 1099-K. Understanding the differences, how to file the forms and what the deadlines are.

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What Happens When Your Employee Gets Jury Duty? Pay, Time Off, & Handbook Policies

CSI Accounting & Payroll

You don’t have more staff than you need when you own a small business. Every person helps your organization stay on its feet. So, what happens when one of your employees tells you they’ve been summoned to jury duty? You need to make sure you’re fulfilling your legal obligations.

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Exception time reporting

Accounting Tools

What is Exception Time Reporting? It is useful to exclude employees from the corporate time tracking system. Instead, create a standard amount of hours worked, and only have them record their time worked if it varies from the predetermined amount. This is time tracking by exception, and works well for many positions where employees engage in essentially the same activities every day, and for the same period of time.

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Bookkeeper job description

Accounting Tools

The bookkeeper position creates financial transactions and generates reports from that information. The creation of financial transactions includes posting information to accounting journals or accounting software from such source documents as invoices to customers, cash receipts , and supplier invoices. The bookkeeper also reconciles accounts to ensure their accuracy.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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How to change pay periods

Accounting Tools

A business may have clusters of employees with either different pay periods or similar pay periods that do not end on the same date. This situation may be caused by union agreements, poor planning, or perhaps acquisitions. Whatever the reason, the result is a payroll department that is continually processing payroll , which is not efficient. The solution is to change pay periods so that all employees are being paid on the same date.

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Direct deposit definition

Accounting Tools

What is Direct Deposit? Direct deposit involves the electronic transfer of funds from the employer to the bank accounts of its employees, using the Automated Clearing House (ACH) system. This is an efficient and low-cost payment method. ACH is an electronic network for the processing of both debit and credit transactions within the United States and Canada.