QuickBooks Payroll Record Keeping Tips-How To Stay Organized

QuickBooks Payroll Record Keeping Tips-How To Stay Organized

Be A Better Bookkeeper, Payroll Tips
QuickBooks does a great job at allowing you to track employee time to specific jobs, issue payroll and even produce your quarterly and year-end payroll tax forms and W-2's.  But the data that is stored in QuickBooks only provides pieces of the information that you need to keep on file to comply with the Fair Labor Standards Act. In Tuesday's article, Payroll Recordkeeping - More Than Just Getting Employee's Paid on Time, we mentioned that in order to be well prepared for a Wage & Hour audit that you need to keep your payroll records for the duration of EACH worker’s employment with your company PLUS 5 to 10 years!  Most Human Resources and legal experts are suggesting this to ensure these records are available in the event a claim…
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Payroll Recordkeeping – More Than Just Getting Employees Paid On Time

Payroll Recordkeeping – More Than Just Getting Employees Paid On Time

Be A Better Bookkeeper, Payroll Tips
There is more to payroll recordkeeping than just making sure that your employees are paid the right wage for the type of work they are performing and getting their paychecks out the door on time. Are your payroll records accurate and up-to-date?  They need to be - because inaccurate payroll records can cost employers BIG bucks! Most employers and bookkeepers have a tendency to think that accurate payroll record keeping involves little more than being able to pull up a Payroll Summary for a prior period in QuickBooks, if the State or Federal Department of Labor asks for it. Sure, a Payroll Summary in QuickBooks is a handy thing to be able to create with just a couple of mouse clicks – but there is so much more supporting documentation…
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