The endgame is accurate and timely employee paychecks. How do you get there? Have a payroll plan that outlines what the procedures are to get to your goal. The plan should describe how employees document and submit time. Use a reliable timekeeping system. A computer-based system...
You need time and energy to run and grow your business, so you've outsourced your payroll process. You decided to go with a third-party payroll provider to handle some or all of your employment tax obligations. This move lightens your workload, assuming that your payroll provider...
With 10.7 million job openings in the US as of September 2022, employers are understandably looking for an edge when it comes to acquiring new talent. Filling open positions is more challenging now than ever, so it’s essential to stand out from the crowd. To...
During times of economic hardship, individuals may approach their employer and request a personal loan in order to help make ends meet. If an employee of a church requests a personal loan from the church, there are several issues to consider. As a matter of policy,...
Finalizing is a way to protect time card data from being changed after timekeeping is submitted to payroll. When you finalize a pay period, it locks out all levels of users from editing and approving the time cards. The normal process is to finalize after supervisors and...
Learn how to create an effective payroll budget to avoid wondering how and where your money was spent. Creating a payroll budget helps you understand what percentage of your budget should go to payroll and enables you to stay on track throughout the year. Generally,...
You can generally deduct the amount you pay your employees for the services they perform. The pay may be in cash, property or services. It may include wages, salaries, bonuses, commissions or other noncash compensation such as vacation allowances and fringe benefits. A fringe benefit is...
Question: A new employee told coworkers that she received a signing bonus. Now they’re upset, saying they’ve been here longer and haven’t gotten anything extra. What should I do about this situation? Answer: First, don’t reprimand the new employee who shared her pay information. Discussing pay...
If your church has made the difficult decision to reduce staff levels, you may find yourself scrambling to ensure proper accounting checks and balances with fewer employees. An effective accounting control system is dependent upon proper and adequate segregation of duties. Accounting tasks, particularly those involving...
Please refer to these instructions if you’re an existing Payroll Partners client that uses our timekeeping system to submit employee hours to your payroll processor. For those clients that enjoy personalized customer service and enlist the help of our Payroll Processors to process payroll for them,...