Payroll errors are even worse than you may think they damage employee confidence, create accounting confusion, and can even lead to compliance fines.It is at this point that payroll reconciliation comes in. It is the process that makes sure that…
Have you stopped to think about how your paycheck’s timing could affect your financial wellness? When both employees and employers can get on the same pay schedule, things generally improve for budgeting, financial planning, and the business in general. One…
Managing multiple businesses under one umbrella involves much more than basic planning. Every unit has its own unique needs, resources, and financials that must be addressed with no room for error. As companies grapple with the identified challenges, they are…
Have you ever looked at your paycheck and wondered why the amount you bring home is so much less than what you got paid to do the job? You’re not alone. It is essential to know what is the difference…
Are you entitled to additional pay when you work on holidays? That is often a question asked by employees and employers alike and the answer will depend on who you are working for and your company's policy. Holiday pay refers…
Time management is integral to workforce productivity, and a key part of time management is timesheet approval. To businesses, approving a timesheet is not simply about tracking employee attendance; it is about accuracy, compliance, payroll, and ultimately efficiency. In this…
Understanding how you are compensated is important for your finances, whether you are the employee or the employer. Semi-monthly vs bi-weekly pay is often a common one that many employees and employers alike get confused over. Are they the same…
Introduction Overtime pay is a considerable portion of most workers' wages, especially for those who put in more hours than their standard schedule. It's usually paid at a higher rate than regular hourly wages, typically at time-and-a-half, or even double…
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