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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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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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.