Bookkeeping Essentials

JUNE 8, 2024

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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CSI Accounting & Payroll

JUNE 8, 2024

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.

Payroll 52

Payroll 52

Accounting Tools

JUNE 8, 2024

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.

Payroll 40

Payroll Computation Billing Auditing 40

Accounting Tools

JUNE 8, 2024

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.

Bookkeeping 40

Bookkeeping Petty cash Financial Statements Deposits 40

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As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

Accounting

Accounting Tools

JUNE 8, 2024

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.

Payroll 40

Payroll Accounting Accounting 40

Accounting Tools

JUNE 8, 2024

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.

Deposits 40

Deposits Payroll Billing Auditing 40