Payroll

Most businesses use automated payroll software and systems in order to manage the payroll requirements of their business. SAP is a business management tool that allows you to effectively configure and…

Payroll and depreciation are two separate entries in the accounting journal. In most cases, payroll and payroll taxes are entered and calculated before depreciation and other business taxes. Whether…

Payroll can be one of the most challenging parts of operating a business. It can take a lot of time and money, especially when hiring temporary workers. One way to avoid this is to outsource part of…

One decision business owners or managers must make is the frequency with which they pay their employees. Common methods include paying bi-weekly, meaning every two weeks, or semi-monthly, meaning…

Several potential disadvantages exist when processing payroll on a semi-monthly frequency in the state of California. California is one of the more stringent states as it relates to its labors laws.…

A semimonthly payroll has some advantages over weekly and biweekly payrolls. It requires an employer to process the payroll only 24 times per year while weekly and biweekly payrolls usually require…

The owners of a S-Corporation (S-Corp) are the shareholders, as in any corporation. However, the S-Corp pays its owners distributions instead of dividends. S-Corp officers are also usually legally…

Processing payroll in-house instead of outsourcing offers both advantages and disadvantages. The size of the company and the number of its employees often drives a company to outsource its payroll…

If you can't afford to pay your debts, your creditors will do everything they can to collect it from you in some way. One method that creditors often use to collect the money you owe is a wage…

Payroll is a major expense for many companies. As such, properly budgeting for payroll is essential for the financial health of your business. You must pay wages in accordance with federal and state…

There is no magic number or formula regarding how large or small a company's payroll should be relative to its gross receipts. The size of a company's payroll depends on several factors, including…

Payroll withholding refers to mandatory deductions that employers are legally required to take out of employees' paychecks. Since the law mandates these types of deductions, erroneous withholding can…

Minnesota employers are required to withhold monies from their employees' paychecks to satisfy federal and state requirements, specifically, for state income tax, federal income tax, Social Security…

Labor costs factor heavily into a businesses budget. Keeping the cost of labor under control requires monitoring its impact into the overall cost of doing business. Small business owners can monitor…

U.S. workers typically have social security payments automatically deducted from their paychecks, while self-employed individuals must make their own payments directly. The income threshold for…

Remedy is a software program developed by Remedy Corp. that was acquired by BMC Software Inc. in 2002. Remedy administrators are individuals with the ability to administer Remedy software. Remedy…

Your employer's human resources department withholds a specific amount of money from each paycheck to pay your federal taxes. The exact amount that is withheld is dependent on the total number of…

Garnishments and attachments are potential outcomes of some lawsuits in Oregon. Whether you are the party getting sued or the party suing someone else, garnishments and attachments must comply with…

Oracle reported revenues greater than $35 billion for the year ended May 31, 2011. Among the software developer's revenue makers is its PeopleSoft brand of payroll software. Many companies use…

Some employers offer 401k plans, in which employees can put a portion of each paycheck aside for retirement. Employees cannot withdraw retirement funds until they turn 59 1/2 without incurring harsh…

The Federal Insurance Contributions Act (FICA) is a tax provision of the Social Security Act, as shown in the Internal Revenue Code, mandating the IRS to collect Medicare and Social Security taxes --…

Paying your employees on a monthly rather than a weekly basis can save your business money and help increase your cash flow. While there are obvious benefits for your company in switching from a…

A confidentiality policy for payroll records conveys an organization's commitment to the protection of payroll data, regardless of its format, from unauthorized disclosure or loss of integrity during…

A payroll consultant is an accountant or bookkeeper who specializes in payroll systems. These consultants will often have certification from the American Payroll Association, which requires several…

Payroll ledgers allow payroll accountants to keep a record of each transaction that occurs. Payroll transactions include calculating the gross wages for all employees, determining the amount of taxes…

Relocation specialists are professionals offering real estate, human resources and consulting services to clients moving from one location to another. These professionals research potential housing…

Federal and state governments require employers to report payroll information on a periodic basis. Although the period may be weekly, monthly, quarterly or annually, quarterly reports are common.…

Fertility specialists are physicians who specialize in reproductive endocrinology. According to the Bureau of Labor Statistics, the number of jobs for physicians is expected to grow from 661,400 in…

Every state has its own laws that protect the rights of workers to receive wages for hours worked. Generally, your employer must pay you on a specified pay day and cannot post date your check.…

Check cashing has expanded from the traditional banking industry to become a growing part of the general retail market. Approximately $2.6 billion in annual fees were generated from checks cashed in…

A payroll company handles all tasks related to paying your employees and handling the taxes. Many payroll companies also offer services related to benefits administration, such as 401(k) management.…

Unemployment benefits are taxable like most other forms of income. Unlike your pay from an employer, the Department of Labor and Workforce Development (DLWD) doesn't automatically deduct federal tax…

Adjusting entries represent a part of the accounting cycle. The entries update financial accounts to ensure accounts are accurate for the month-end closing process. One purpose of these entries is to…

A 401k is a retirement plan in which an employee contributes a portion of her wages. A company often contributes its own money toward an employee's 401k plan to add to the employee's contribution as…

When you work at a job, you come to look forward to payday and getting a paycheck. Many paychecks and pay stubs have a similar look that comes from needing to have certain information on both the…

Payroll involves compensating employees for their work. A payroll system involves making journal entries, which shows payroll data for the pay period and the employer's liabilities. If you use payroll…

All businesses with hired employees have a payroll schedule, which is the timetable the business uses to compensate its employees for their work. Some companies pay their employees multiple times each…

If you work a lot of overtime, you want to make sure you get paid for every hour you work. One of the best ways to track your overtime hours and your overtime pay is with an Excel spreadsheet. You can…

A wage garnishment is a legal document that the court or a legal entity, such as the Internal Revenue Service sends to a debtor's employer. The employer is supposed to withhold the amount stated on…

Traditional paydays in the United States include weekly, biweekly, semimonthly and monthly. State law usually mandates employers to pay employees by at least one of those paydays. The state of Texas,…

A CRA T4 Slip is a tax reporting paper required for Canadian employers. A T4 slip must be prepared by the employer for each employee who has been paid employment income or commissions in addition to…

Running staff meetings is a routine business activity. This is a time to fully engage your staff in order to increase productivity. Use this also as a means to increase effective communication in…

Semiweekly hourly employees are subject to the same regular income, Social Security and Medicare taxes as other employees. You may calculate the amounts to withhold from your employees' pay by…

Payroll involves more than just writing checks to employees; you also must follow regulations, and may possibly need to contract with someone to do the work for you. Although the Internal Revenue…

Benefits managers are human resources managers who specialize in overseeing the benefits plans of the companies for which they work. According to the Bureau of Labor Statistics, 35,630 individuals…

A garnishment is a legal procedure that allows a creditor to take a debtor's property that is in the possession of a third party. Property that can be garnished includes wages, bank accounts and…

An employer is supposed to process its payroll and compensate its employees no later than by the minimum payday required by state law. After the payroll is processed, the payroll representative can…

There is no federal regulation of engineers in the United States, but all 50 states and the District of Columbia have engineering boards that determine standards for engineers to practice in their…

ADP offers payroll payment services to small, medium and large companies. ADP iPay offers employees the option of viewing online payroll information such as W-2 forms and paycheck stubs. Paycheck…

Automatic Data Processing, or ADP, offers a TotalPay Visa debit card that lets you gain access to your payroll automatically via direct deposit. You have the option of using the card to make purchases…

Automatic Data Processing, or ADP, offers online payroll information and W-2 and W-4 forms on the ADP iPay website. Employees have the option of securely accessing salary information 24 hours a day,…

An ADP iPay statements account provides online payroll information to employees, such as W-2 and W-4 forms as well as pay and earnings statements. The system offers secure instant access to all…

Maintaining accurate payment policies is essential for every company, no matter its size. Because payroll computations are routine matters of totaling employees’ hours in each workweek, applying…

Payroll is the moon landing of accounting because there are many variables to consider and plenty of potential errors. If your business has employees, you're responsible for accurate accounting of…

Payroll is undoubtedly one of the largest expenses that your business will face, so it makes sense that you want to devote sufficient time and effort to managing this crucial part of your income…

Together with paying rent and insurance, employee payroll is a business expense that generates revenue and is part of a business' operating activities. As your business grows and you take the time to…

In general, a limited liability company, LLC, with employees is required to pay employment taxes. Failing to file and make payroll tax payments leads to fines, penalties and possibly an investigation…

A payroll advance typically is issued to an employee for one of three reasons: to meet the employee's emergency needs, to cover impending travel expenses, or to cover the cost of items that an…

Unlike salaried employees who are paid a set income each payday, hourly employees are paid according to hours worked. Further, while most salaried employees are exempt from overtime, hourly employees…

Federal and state departments of labor require employers to pay employees for services rendered. To meet this objective, companies hire payroll staff. A payroll clerk is sometimes called a payroll…

Employees at approximately 550,000 companies across America see the letters ADP on their paychecks, pay advice and benefits interfaces. That's because their employers use Automatic Data Process Inc.…

Payroll law involves the different regulations an employer is supposed to abide by to ensure employees are paid appropriately. The state of Washington has its own payroll requirements that employers…

The varied financial records that calculate the sum of hourly wages, salaries and bonuses paid out to employees of a company make up the payroll of the business. The payroll also contains the state…

The Washington State Department of Labor & Industries regulates the state's employment pay practices. The Washington laws regarding paycheck deductions allow employers to deduct the costs of their…

Payroll is a specific term companies use to describe the financial process for paying employees. Many different activities fall under a company's payroll department. One activity is payroll deposits,…

Payroll activities involve the financial management of wages paid to workers along with withholding and taxes. Many companies have a payroll department that works closely with accountants to properly…

A wage garnishment requires an employer to deduct a portion of a debtor's paycheck to fulfill a debt he owes. The United States Department of Labor administrates Title III of the Consumer Credit…

Payroll and benefits managers administer the compensation and benefits programs, such as insurance, of their hiring employers. A bachelor's degree is the typical minimum requirement, though many…

Sensitive financial data needs to be properly handled, from day-to-day storage through archival storage. Part of business management consists of keeping the right data around for the proper time…

The Fair Labor Standards Act, which sets the federal wage and hour laws, says employers must pay employee wages due in a prompt manner. Many states have minimum payday policies, which require an…

Companies immensely benefit from using payroll printing software. The company is able to better manage the manner in which it processes payrolls for all of its employees. The software calculates the…

When it comes to business paperwork, keeping it forever may seem the safest option. Parting with paperwork that has a connection to the Internal Revenue Service or -- as in the case of payroll records…

Under the Tennessee Code, employers who violate the state paycheck laws and illegally deduct wages from their employees' paychecks are guilty of Class C misdemeanors. Employees may report illegal…

Payroll administrators oversee the payment and work records of employees. Although other terms may be used --- payroll manager or supervisor, for instance --- payroll administrators must ensure that…

Many small businesses have begun to add check-cashing to their arsenal of available services. It can be a convenient solution for your company's frequent customers. It also can allow your business to…

Payroll software comes as stand-alone software or as an extended feature of accounting software. Having the right payroll software for your business can save you time, money and the hassle associated…

A payroll garnishment is also called a wage garnishment -- a legal order mandating a debtor's employer to withhold a portion of his pay to satisfy a debt he owes. A debt collector or creditor can…

Title III of the Consumer Credit Protection Act, which the United States Department of Labor administrates, sets federal payroll garnishment laws -- also called wage garnishments. Many states have…

As your business grows, it becomes harder to perform payroll tasks manually. While it is too difficult to calculate earnings for a couple of employees, a computer payroll accounting application makes…

Computer payroll applications can be expensive, and often require training and time to master. Although payroll applications do save small business owners considerable time when calculating earnings…

Payroll is an important aspect of running a successful business. Payroll service providers rely on various software to keep it informed, secure and accurate. Payroll software helps accountants work…

A wide range of payroll and accounting software programs are available to American businesses that can handle tax forms and financial reporting, as well as basic payroll services. Companies may also…

The federal government administers the federal payroll deductions that employers are required to make from employees' paychecks. Each state has a state labor department that administers state wage and…

Washington state does not have a personal state income tax, so unlike employers in most other states, Washington state employers are not required to withhold state income tax from employee paychecks.…

Payroll check-writing software allows you to process your employees' wages, incorporating many of your finance and accounting functions along with required tax data. Sometimes the process is contained…

Payroll information is the data that acompany processes when determining how much each employee gets paid. This information includes specifications about the amount to deduct from each employee's…

Unlike salaried employees who receive a guaranteed minimum amount of pay that they can count on each pay period, hourly employees are paid according to hours worked. Consequently, if the employee does…

Payroll administrators are charged with the serious task of overseeing the payment of employees. If you are applying for a position as a payroll administrator, expect your interviewer to pose an array…

Payroll reports contain information on payroll transactions, including salary and wages, withholding amounts, deductions and other employee data. Reports allow management to check the accuracy and…

The American Payroll Association (APA) sponsors the Certified Payroll Professional (CPP) designation, enabling payroll professionals to stay abreast of important changes in the occupation. If you are…

Payroll deductions can be voluntary or involuntary. The former means that the employer offers a deduction that the employee can accept or refuse. The latter means the deduction is statutory, such as…

Employers are required by law to make certain payroll deductions from employees' paychecks. The rules of the deduction vary by deduction type and the administrating agency's guidelines. The Internal…

The Department of Labor requires employers to keep payroll records of its employees. Record requirements include an employer's duty to keep pay records, when the pay period starts and ends, weekly…

Voluntary payroll deductions are those an employer offers and the employee consents to. The employee can stop these deductions. However, statutory or involuntary payroll deductions are those the…

A payroll program is a software-based tool for managing the amounts and dates related to paying your employees. The statements of the programming language QBasic let you write such a program. If you…

FICA taxes are collected by the federal government from your paycheck to fund your contribution to the Social Security and Medicare systems. The authority for this tax comes from The Federal Insurance…

Effective payroll management involves paying your employees on time and keeping track of the taxes you accrue. To successfully manage your payroll you must also use your human resources efficiently,…

A payroll administrator works in an organization to prepare and verify the payroll for all employees. The administrator will review timesheets, garnishments and deductions for employee payroll checks.…

Payroll deduction can be voluntary or statutory. If the employer offers the deduction, such as a 401(k) or medical plan, and the employee consents to it, the deduction is voluntary. If a federal or…

Statutory payroll deductions are those that a legal entity, such as the federal or state government, requires. Voluntary deductions are those an employer chooses to offer; the employee can accept or…

The Fair Labor Standards Act (FLSA) sets the federal record-keeping laws that require employers to maintain correct records of employee work hours and wages paid. The FLSA does not require employers…

Although their jobs center on making sure other workers get paid, payroll specialists do far more than just issue checks. Payroll specialists, also called payroll clerks or timekeepers, input employee…

A payroll garnishment is a legal document from a court or statutory entity, such as the Internal Revenue Service, ordering a debtor's employer to withhold a certain portion of his pay to fulfill a…

The Internal Revenue Service (IRS) does not recognize a limited liability company (LLC) for income tax purposes and, by default, treats LLCs as sole proprietorships or partnerships. But if an LLC…

Organizations such as a state's Department of Administrative services will use payroll program applications to process transactions, such as electronic deposits and payroll checks for employees. At…

A payroll expense is a business expense associated with paying employees, such as a wage or salary. Payroll expense is synonymous with the terms salary expense and wage expense.

Like many other states, South Carolina has its own wage and payroll tax laws that employers are required to adhere to. The South Carolina Department of Labor, Licensing and Regulation monitors the…

The Internal Revenue Service requires employers to withhold Medicare tax, federal income tax and Social Security tax from employees' paychecks. The employer is responsible for filing the necessary tax…

Payroll or timekeeping clerks track the hours worked by employees and use it to compile payroll data. They then transfer this information to paychecks, which are distributed to workers typically on a…

Employers are responsible for paying employees on time and in an accurate manner. The U.S. Department of Labor requires that employers also keep payroll records showing the basis on which employees…

The state of Arizona is one of the states with its own payroll tax and employment laws. The Arizona Department of Revenue regulates the state payroll tax laws, and the Industrial Commission of Arizona…

Payroll deduction regulations depend on whether the deduction is statutory or voluntary and the deduction type. State law may dictate what constitutes an illegal deduction. The state of California,…

Consultants responsible for handling payroll demands in the corporate world have a wide variety of payroll software to chose from. These software aim to provide consultants with a more automated,…

Payroll deductions take the form of statutory or voluntary. Statutory means that a federal or state law requires the deduction; voluntary means the employee agrees to the deduction. Each deduction has…

The most common payrolls are weekly, biweekly, semimonthly and monthly. A weekly payroll occurs every week; biweekly, every other week; semimonthly, twice per month; and monthly, once per month. Many…

Employers give employees payroll check stubs to help them better understand how they were paid. State law might also require it. The payroll check stub breaks down the employee's wages, from gross to…

Employers who use payroll software may not need to create payroll stubs online since the software generates and prints pay stubs. If you do not use payroll software to process your payroll, if you…

To streamline payroll with accounting, the accounting/payroll representative posts payroll transactions for each pay period into a journal. The process of posting these transactions is known as making…

Each individual employer determines his own payroll practices. Although how to divide an hour in payroll is at the employer's discretion, it is important to maintain a consistent practice.

As an Indiana employer, it is critical that you consider the various legal requirements when performing payroll. The Indiana Department of Labor administrates the state wage and hour laws; the Indiana…

According to Section 149, Chapter 27B, of the Massachusetts General Law, every contractor, subcontractor or public body working on a government-contracted job must keep adequate payroll records of all…

The American Payroll Association, or APA, offers two levels of certification: the Certified Payroll Professional --- CPP --- and Fundamental Payroll Certification, or FPC. To attain certification,…

Automatic Data Processing Inc. (ADP) offers various payroll solutions to companies that will suit their specific payroll requirements. ADP provides its payroll software clients various training…

When a company is in trouble, it must look for ways to cut costs. Once you have determined the need to cut 40 hours off of your payroll, it is time to decide the best way to do it. However, do not…

One of the essential tasks of any business is to manage employee payroll and distribute earnings on time and accurately. Payroll generally falls to the human resources department, which, in the case…

All businesses are concerned about illegal access of payroll records and programs. Without appropriate security measures, unauthorized computer operators can steal workers' identities and defraud the…

Basic payroll procedures include performing the chores necessary to comply with federal and state regulations. Employers are required to pay employees correctly and on time; this includes applying the…

An accounting journal is a record of the company's accounting transactions as they occur. A journal entry is an entry into that record. Accounting transactions include payroll entries of total wages…

The structure of a company's payroll department differs depending on the size of the organization. The payroll department uses computer systems to calculate employee paychecks based on factors…

A payroll stub includes the employee's earnings and deductions for the payroll period. Though federal law does not require employers to give employees a payroll stub, many states do. The stub helps…

Handling payroll can be a daunting task for many small business owners. Many businesses are large enough to require a detailed payroll system, but not so large that they need to employ a full-time…

A payroll manager is responsible for the payroll functions in an organization, including payroll preparation, payroll systems maintenance, tax reporting and records administration. This position…

Human resources management procedures are important policies that allow companies to improve worker performance in the short and long terms. Payroll guidelines are integral components of these…

The U.S. Department of Labor administrates the federal wage and hours laws. The state labor department enforces the state labor laws. The Internal Revenue Service administrates the federal payroll…

Quickbooks Pro 2008 includes a variety of features to help you organize your human resources management. You can enter employee W-2 forms and submit them to the IRS and create employee profiles with…

Florida's payroll laws require both employers and employees to adhere to regulations and submit paperwork involving such issues as hiring, withholding taxes, and garnishing wages. State regulations…

A creditor or legal agency, such as the IRS or the state, can garnish a debtor's payroll check to fulfill a debt she owes. The process in which the issuing institution sends the employer notification…

Employers are required to perform the tasks necessary to ensure that employees are paid accurately and on time. The U.S. Department of Labor sets the federal wage and hour standards, and the Internal…

If you operate any sort of business that has employees, chances are you have to set up your own staff or method to pay employees or hire a payroll company. Payroll companies are hired by companies to…

California employers are required to withhold state income tax from employees' paychecks. California is also one of the few states that require employees to pay state disability insurance via payroll…

Typical payroll deductions are deductions that employers are required to make from employees' paychecks, either because the employees agree to it or the law requires it. Voluntary deductions are those…

Payroll professionals can obtain certification through the American Payroll Association. APA conducts examinations that assess an individual's level of payroll knowledge, skills and expertise.…

Nebraska's income tax withholding process is unique because it uses the employee's federal withholding form---W-4---to determine state income tax withholding. Along with state income tax, Nebraska…

Payroll deductions refer to the statutory and voluntary deductions employers withhold from employees' paychecks. Statutory deductions are those that a legal entity requires; voluntary deductions are…

Every business with employees has to manage a regular payroll schedule. Whether your business pays weekly, bi-weekly or monthly, you'll still need to issue payroll checks on a regular basis. And…

Payroll agreements, also called payroll processing agreements or payroll services agreements, are agreements made between an employer and a payroll services company. A business hires a payroll company…

According to Tax Policy Center, payroll taxes that fund Medicare, Social Security, unemployment and retirement programs contributed to approximately 34 percent of federal revenue in 2007. Payroll…

For an employee who depends upon his payroll check to pay his monthly bills, payroll frequency is a topic of great importance. Because this issue is potentially sensitive, you must exercise great care…

An entrepreneur is responsible for many aspects of his or her business, and in this age of penny-pinching, it pays to be self-sufficient. While you have the product of your business down pat, you may…

Payroll can be prepared by employees within a company, or it can be outsourced to a payroll service. Many businesses have discovered that outsourcing payroll to a professional service actually saves…

Hiring a company to handle your payroll saves you time and money according to Inc. However, choosing a payroll company requires a thorough assessment of your needs and finding a company that…

Payroll professionals must ensure that they have the payroll expertise to perform their jobs. They must also keep up-to-date with legislation and industry trends. Through online training, they can…

A SIMPLE (savings incentive match plan for employees) IRA is a retirement plan offered by small businesses that permits contributions by both employees and employers. Employees can have their…

The Internal Revenue Service is responsible for enforcing the federal payroll tax laws. As an employer, you are responsible for withholding federal income tax, and Social Security and…

Accrued payroll is payroll that is recorded on a company's books but is not yet paid. This typically happens at the end of a month or year. The payroll is calculated up to the last day of the ending…

A certified payroll report is a report submitted by contractors who have completed work on a construction project to prove they are respecting the prevailing industry wages on a government job. The…

Computerized payroll systems allow authorized users to enter, view and change information online. Payroll and HR information are usually linked, allowing a seamless flow of data between both…

Employers that offer benefits or have large payrolls profit from a certified payroll. A certified payroll protects businesses during government audits and from other legal liabilities related to…

States often set their own wage and payroll tax laws. Notably, the United States Department of Labor says that when state and federal law applies, the employer should use the one that benefits the…

Under the Fair Labor Standards Act (FLSA), employers are required to pay employees appropriately for wages earned. Additionally, the Internal Revenue Service (IRS) requires employers to adhere to…

Automatic Data Processing, Inc. (ADP) provides training on PC/Payroll for Windows for its clients who use this payroll software. ADP offers training courses to match the needs of those who are new to…

To use formulas to calculate your payroll, you will need to create an algebraic expression that encompasses all the variables in relation to your payroll. After you create the formula, use a pen and…

Automatic Data Processing, Inc. (ADP) provides payroll software training using a variety of training options to fit clients’ needs and preferences. Training is available only for ADP clients…

Setting up the payroll for your company and managing weekly or biweekly payments can be a daunting task. However, there are a variety of types of online payroll software that will help make your…

To pay employees according to federal wage and hour standards and comply with other payroll laws, it is imperative that the employer has a proper payroll system in place. Depending on the size of the…

Security of payroll records and the staff who work with them is a continuing consideration for payroll administrators and corporate management. Payroll security includes implementing and maintaining…

Canadian payroll deductions vary depending on the province you live in, your pay schedule and whether you collect your pay by the hour or on a salary. Payroll deductions for Canadian residents…

Payroll certification indicates an individual's expertise, knowledge and skills in the payroll profession. Certification is obtained through an examination administered by the American Payroll…

Payroll checks are written on a weekly, biweekly, or monthly rotation for labor performed within any one of these periods of time. The total amount of a payroll check is the gross amount earned minus…

The "direct deposit" method of employee payment allows an employee to have his wages deposited directly into his bank account instead of receiving a paper check. This saves employees a trip to the…

Regardless of the size of the company, employees must receive wages for hours worked or commission earned. Many companies perform payroll every week, bi-weekly, semi-monthly or monthly. Most…

Federal law does not require you to give employees a payroll stub, according to the United States Department of Labor. But, if state law requires it, you must give your employees a payroll stub for…

Payroll duties include paying employees and calculating their taxes and other deductions. Depending on the size of your company, you might need one payroll representative or an entire staff. In-house…

The Internal Revenue Service requires you to withhold payroll taxes from employees’ income and pay it according to its regulations. These taxes include Social Security (SS) tax, Medicare tax,…

Some businesses that offer check cashing services have different rules, regulations and limits for payroll checks than they do for personal checks. For employees who deal with customers looking to…

If a company is looking to increase its income, one of the first places it normally looks is its payroll. A company can use the payroll to sales ratio to determine how much of each dollar of sales…

The payroll department oversees confidential information on a daily basis. Some of the information that the payroll department receives contains employees’ Social Security numbers, bank account…

Payroll software offers employers a computerized alternative to processing its payroll. Small businesses often use software such as QuickBooks, while medium-sized companies can use Pen-Soft and large…

A payroll deduction is typically an amount withheld by the employer from the employees earnings. Taxes, insurance, pension contributions, union and uniform dues, wage assignments and child support…

Payroll registers are indispensable for keeping accurate employee/employer tax paying records. Whether you hire an accountant for the task or undertake it yourself, payroll registers must get done and…

Hourly employees are paid based on hours worked; therefore, counting the relevant hours appropriately is key to ensuring accurate paychecks. Hourly employees generally use a timekeeping system, such…

Payroll deductions are monies withheld from a person's paycheck for various reasons. Whether you are on salary or are paid hourly, you will still have payroll deductions. Some payroll deductions, such…

A manual payroll system requires painstaking application; the entire payroll process is done by hand. The likelihood of errors can be high with this system; therefore, manual payroll is best if you…

Payroll is a significant expense for any company. For many small businesses, it is the single largest expense. This makes it important to put careful consideration into how it will be managed. There…

“Going green” is a phrase that businesses are using to tout their commitment to eco-friendly practices. Never before have companies both large and small, looked for ways to go easy on the…

Payroll spreadsheets are used in place of timecards in calculating and keeping track of employees' hours. Sometimes, an employer will use a payroll spreadsheet for other purposes. For example, an…

Payroll deductions are either statutory or voluntary. Statutory means that the deduction is legally required; voluntary means that you agreed to it. You can change the terms of certain statutory…

Payroll is a necessary task; employers must pay workers for time worked, accurately and on time. Failure to provide employees with proper pay can result in penalties from the U.S. Department of Labor.…

As an employer, you are required to pay your employees properly for work they perform. But under certain circumstances that payment may not be warranted. System glitches can result in the employee…

Employers have specific payroll responsibilities that the law requires them to adhere to, such as paying employees properly for their services. To obtain this objective, the employer must perform…

Errors occur, even in the world of payroll where there is bound to be a manager or supervisor who forgets to add an employee's hours to their timecard. If you are a payroll processor or payroll…

Subtract your mandatory federal, state, local and voluntary deductions from your gross pay to arrive at your Michigan net paycheck. Tax forms that you filled out with your employer when you were…

Your net pay in Connecticut is calculated by subtracting federal, state, local and voluntary deductions from your gross pay. Federal, state and local deductions are determined by the tax forms you…

The Social Security Administration's "Social Security Direct Deposit and Check Statistics," dated June 2010, reveals checks and direct deposit payments made to related beneficiaries in the United…

The Department of Labor notes that employers are required to appropriately compensate employees for time worked. Furthermore, some states set their own wage laws to protect the wage earner's rights.…

Payroll deductions are either statutory (involuntary) or voluntary. Statutory deductions are mandatory, such as payroll taxes and wage garnishments. Voluntary deductions are those the employee elects,…

Payroll is an intricate task that requires precision to meet its objective--ensuring employees (and related taxes) are paid on time and accurately. Payroll duties typically depend on the system being…

Sometimes a small business will choose to change payroll companies, and sometimes these changes take place in the middle of a payroll period. Using QuickBooks does not necessarily mean that you are…

A payroll garnishment is also called a wage garnishment. It is a legal procedure that requires the employer to withhold a certain portion of the employee's paycheck to fulfill a debt the employee…

Payroll companies exist because payroll is one of the more challenging aspects to bookkeeping. The rates for unemployment and tax tables can change several times throughout the year. Keeping up with…

A semi-monthly payroll is more complex than a weekly or biweekly payroll. A weekly and a biweekly payroll occurs each week and every other week, respectively. But semi-monthly employees are paid on…

The goal of payroll is to ensure employees are paid accurately and on time. In addition, payroll pays employer and employee taxes to government. The speed and efficiency with which you process your…

Florida is one of the nine U.S. states that do not have state income taxes. Still, employees must pay federal income tax, and Medicare and Social Security (FICA) taxes. Employers must pay their…

The payroll process ensures that employees are paid accurately and on time and that the company complies with all payroll tax laws. The payroll process consists of practices and procedures which…

Payroll is a task that most businesses must perform, regardless of size. Many organizations use payroll software, which quickly generates and print payroll check stubs. A small business with few…

An inaccurate payroll can result in incorrect paychecks. Many companies use a time clock to help track employees' hours and to simplify time computation. The payroll person must pay the employee…

Direct deposit is a viable alternative to paying employees with live checks. The system allows the employer to directly deposit the employee's pay into his checking or savings account. Direct deposit…

Payroll is an intricate task that requires the employer to pay his employees’ wages on time and accurately. He must also withhold and pay taxes to the government. Furthermore, payroll consists…

Payroll is a time-consuming job that many employers would rather not perform. Consequently, they hire payroll professionals. There are many different levels to payroll, such as a payroll clerk,…

Payroll outsourcing allows employers to entrust their payroll to a payroll professional for a small fee. When the employer uses a payroll provider, he often does not have to hire an in-house payroll…

Social Security is something that every income-earning American must pay into. The primary way that Americans contribute to the Social Security pool is through pre-tax payroll deductions. There is a…

Before payroll software, there was manual payroll, in which the payroll personnel had to perform all payroll tasks by hand. A manual payroll system results in a high room for error. Consequently, many…

Employers have the complex and time-consuming responsibility of ensuring their employees are paid accurately and on time. Furthermore, they must compute and pay taxes to the government. Some employers…

The Davis-Bacon and Related Acts require contractors that work on public buildings or public works--under federal contracts in excess of $2,000--to pay their employees "prevailing wage rates and…

According to the United States Department of Labor, if an employer requires his employees to work overtime, he must pay them at their overtime rate. Under the Fair Labor Standards Act (FLSA),…

Employers are required to pay employees' wages correctly and on time, and to withhold and pay the appropriate taxes. Payroll is generally a time-consuming task; therefore, he may opt to hire a payroll…

Think of a a payroll journal as a management report that details the same information that is on an employee's pay stub for each employee.

While the employee may be anxious to get his paycheck replaced quickly, the payroll department needs to balance the employee's anxiety with the company's need to ensure that the reissuance is handled…

Employers must record the value of cash bonuses paid to employees in the payroll system and report the amounts on the employee's annual Form W-2 Wage and Tax statement. Because you did not withhold…

QuickBooks has two methods to enter split payroll information. Employers can choose to record the employee's time manually and assign the time to hours spent on a particular job or project. Employers…

A successful transition from one payroll system to another requires planning and strong attention to detail. Following are some tips related to the major areas of a payroll-system implementation.

Payroll processing for a single pay period can sometimes take two or three days to complete because it is a detailed process. One of the most time-consuming (and first) tasks of payroll processing…

Payroll is a detailed task that requires good mathematical and solid problem-solving abilities. One of the most important steps in payroll is figuring employees' payroll hours. The payroll staff must…

Employees without direct deposit receive live checks, which they can cash at the appropriate bank. Check printing is a crucial step in payroll processing. It is one of the latter stages, among many…

Employers often use payroll software to process their payroll and print paychecks and check stubs. If you run a very small business, you probably cannot afford payroll software or simply do not need…

Many employers use payroll software or a payroll service to handle their payroll processing. The system typically keeps a record of the details of each payroll; however, for backup and referencing…

Payroll processing is a time-consuming task that requires great attention to detail. Often, an employer has other responsibilities to tend to; therefore, he does not have the time to do payroll. He…

Since federal and state payroll regulations do not directly address the mailing of periodic payroll checks, any discussion of the subject has to include the Internal Revenue Service's concepts of…

A payroll check is compensation to an employee or contracted worker drawn against a company's bank account. Cashing a payroll check requires the check holder to present the check at his bank, or go to…

Employees expect to be paid for their hours worked in a timely and accurate manner. It is therefore important for employers and/or payroll practitioners to know how to compute employees' time so they…

Employees must be paid for the work they do; therefore, payroll is essential to all companies. Some companies outsource their payroll to a payroll company; others hire an in-house payroll staff.…

Although payroll processing seems simple on the surface, it is actually a challenging task. There are wages and taxes to consider to ensure they are accurately paid. For the employer to accomplish…

Certified payroll records are payroll reports submitted by a contractor or subcontractor who is performing work on any type of federal or state construction project certifying that the information is…

Calculating payroll hours can be a painstaking task. It takes good mathematical skills and exceptional attention to detail to compute employees' hours accurately. Although it is important to properly…

Certified payroll is a process of recording wages and benefits paid to an employee working on a government-funded job. Common in the construction industry, certified payroll ensures that set wages are…

Creating a payroll schedule will bring to a close to never ending questions among employees as to when they are to turn in time records, and when they get paid. An employee payroll schedule is an…

Professional bookkeeping is essential to running an organized and successful business. Creating professional payroll checks is one way to ensure that your business runs smoothly and your employees are…

One of the basic laws of payroll is that employers are required to pay their employees for services rendered. However, it is up to the employer to determine a reasonable payment frequency. Most…

The law regulates that employees should have statutory payroll deductions. To comply with this law, employers are mandated to deduct involuntary deductions such as taxes from each employee's paycheck.…

Initial set-up of payroll is one of the most critical steps in the entire payroll process. If you are running payroll the old-fashioned way, by hand, then setup is straightforward. If you are using an…

When employees work they expect to be paid for services performed. Most employers are aware of the importance of paying their employees timely and accurately. Therefore, they hire payroll personnel to…

Accounting correctly for payroll expenses is a large part of the responsibility of any accounting department, in business all over the country and world. Accurate financial records are required in any…

ADP Payroll is a data processing center that helps businesses with preparing payroll and keeping records of time and attendance of employees. When you use this outsource provider, you may also get…

At the end of every pay period, businesses must calculate not only employees' pay but several payroll deductions as well. Some payroll deductions are mandated by federal and state governments (taxes).…

Employers implement payroll systems and hire payroll staff to ensure that employees are paid in a timely and accurate manner. The process of payroll involves more than paying employees, as certain…

The employee who renders a service expects to be paid. The frequency of payment depends on the employer; however, many companies opt for a bi-weekly payroll.

Understanding payroll deductions requires identifying each item deducted, such as state and federal taxes, unemployment tax, social security, FICA, Medicaid and benefits. Identify each deduction on a…

Payroll processing is a meticulous task. It involves a keen eye for detail so employees can be paid accurately and in a timely fashion. Preparing for the payroll is an essential process for any…

Calculating payroll is one of the essential accounting tasks any business must perform on a regular basis. The process used to figure payroll withholdings has not changed much in decades, although…

ADP is a provider of multiple services for business owners, including payroll services. The benefits of using ADP for payroll is it streamlines your accounting processes, including calculating each…

Payroll checks consist of two sections: the check and a payroll stub. Most businesses use payroll software to make a payroll check. Very small businesses that have only a few employees sometimes find…

In spite of how eager most employees are to get paid, some of them seem to have trouble turning in time sheets in a timely fashion. Other employees may constantly ask why it takes so long for them to…

When you have employees, you will need to prepare a schedule for paying them. Employees need to know their paycheck dates so they can pay their bills, just as your company has to count on accounts…

Payroll is the primary group of expenses in a business associated with its human resources. Often one of the largest expenses of a business (especially in small to mid-sized businesses), payroll…

A payroll check stub can be created in any format, so long as it contains all the information an employee needs to verity he or she has been paid correctly. That's often fair amount of information,…

QuickBooks is an accounting software that is used to organize and calculate financial figures and other relative information. It gives you the advantage of creating quality financial work with the…

Scheduling meetings can be tough work, and when they involve money, the stakes get higher. Everyone in a position to affect company policy on salaries, benefits and government tax mandates must attend…

Approximately 214,000 payroll clerks work in the United States. These individuals work preparing taxes, bookkeeping and administering payroll in private and public companies. According to the Bureau…

Employers make payroll tax contributions with every paycheck that they send out. They withhold income tax along with a portion of social security and medicare payments. The IRS requires employers to…

A familiar term is "meeting payroll," which in essence means successfully paying employees during a specific payroll period. To do this, some companies and government agencies take out loans to meet…

Payroll affects a business by having a direct impact on the business' budget. Payroll that exceeds sales or earnings will cause a business to fail. When a business owner decides to have employees and…

Payroll deductions can be confusing. What are those little codes out beside the deduction totals, and how are these items calculated? Why is it impacting what I take home from my income?

The satisfaction of your employees with their work environment is critical to the success of your business. One area of frustration for many employees is a slow or inefficient payroll system. Your…

Having to hire employees means that your hard work has paid off and your business is growing beyond what you can accomplish on your own. Make sure you're prepared for the responsibilities and…