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Business finance: The ultimate guide for non-finance people

BMT Office Administration

The beginner’s business finance glossary “Our P&L report shows that our revenue is now greatly exceeding our expenses, and we’re showing a considerable profit.” “In The catch is that a business’s fiscal year does not have to line up with the traditional calendar year. All your current liabilities. Your total equity.

Finance 105
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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. These incentives are fully taxable and are subject to W-2 reporting.

Payroll 52
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How to handle remote employee time tracking

BMT Office Administration

Besides software, organizations can also use spreadsheets, task lists, and self-reporting from employees. Programs like EmailAnalytics allow managers to view detailed reports on their remote worker’s email activity in a visual format. Platforms like ClickUp offer built-in automatic time tracking & time reports.

Payroll 52