There is a lot to learn about using QuickBooks and there is a LOT to learn about bookkeeping! Sure there are a lot of websites (including this one) where you learn how to do very specific tasks in QuickBooks and tons of YouTube videos - but tracking down the various pieces of the learning QuickBooks puzzle is horribly time-consuming and overwhelming; and the information that is found may not entirely meet the requirements of your company.
When you hire an inexperienced person and thrust them into full-fledged bookkeeping position; it’s very likely that you will end up with nothing but a huge mess on your hands and will need to have your books cleaned up by a professional. Continue reading
Can you deduct the cost of lost equipment from your employee’s pay? As a business owner I'm betting that on more than one occasion you have had an employee who has lost his company provided cell phone more than once and you've have to replace it.
Perhaps you want to recover the cost of the phone via a payroll deduction - before you do, read the rest of this article, because the answer depends first on state and federal restrictions and second on how much you want to deduct. Continue reading
The Wage Decision provides you with the minimum amounts (base rate and fringe rate) that you must pay your employees when they work on a Prevailing Wage job - but confusion often happens when you actually pay your employees more than what the Wage Decision requires Continue reading
A payroll tip that discusses the hazards of having one payroll wage item in the QuickBooks Employee Record multiple times - with each entry having a different rate of pay. Continue reading
In today's busy workplace, business owners and payroll administrators are faced with numerous challenges which sometimes result in employee wage underpayments. Often times a wage underpayment isn't discovered until after paychecks have been created and cashed; which then requires wage restitution to the employee. Continue reading
Certified payroll report mistakes cause delayed payments and can put your company's good standing in jeopardy with the General Contractor or Project Administrator. Continue reading
The House early Saturday turned back an effort to suspend a Depression-era law, the Davis Bacon Act, that requires federal contractors to pay locally prevailing wage rates. Continue reading
Employee record keeping requirements must include proper time and payroll records for it's workers. The Fair Labor Standards Act, as well as most state wage and hour laws, are the ones who determine what is or is not "proper". Continue reading
Payroll which involves the payment of Davis Bacon or prevailing wage can be quite complex, especially for non-union or open shop contractor. Continue reading
Bacon, a former banker, explained the need for the law when he detailed for his legislative colleagues how an out-of-state construction firm paying extremely low wages transported thousands of unskilled workers hundreds of miles to toil on a public project in New York - “They were herded onto this job, they were housed in shacks, they were paid a very low wage, and ... Continue reading
The consequences of some payroll mistakes can be more serious than just your paychecks simply being incorrect. Many mistakes result in getting a very hard time from people you don’t know (and certainly don’t want to know) – the federal and state enforcement types. Continue reading