article thumbnail

In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

It’s up to each department manager to review the timesheets their employees submit to ensure accuracy. For example, a solid timesheet approval system will help you stay on budget, and you can gain insights into your workforce’s productivity. Each timesheet should have a deadline to ensure managers have time to submit them to payroll.

Payroll 52
article thumbnail

3 Smart Money Moves to Make Before Starting a Business

Success

If you decide to seek outside capital, look at your options and review the pros and cons. Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. Borrowing from a bank can be costly due to interest rates and down payments.

Finance 345
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?

Payroll 52
article thumbnail

The What, Who and How of Outsourcing… So You Can Let Go

Success

From the moment she opened Ditto Boutique, a luxury consignment store in Dallas, Jane DeNike outsourced the complex tasks of payroll and paying taxes to a bookkeeper and accountant. VirtualAssistantAssistant.com has reviews and ratings of many virtual assistant companies. Tax laws change. com , are—as the name suggests—global.

Elance 284
article thumbnail

How Your Non-Profit Can Benefit From a Virtual Executive Assistant

Worxbee

Here at Worxbee, we have several non-profit clients and one thing we’ve found is that many assume an executive assistant will be out of reach, outside the budget of the organization. In fact, there are ways to get an executive assistant without blowing the budget, which we’ll get into here.

Budget 52
article thumbnail

What electronic record-keeping software best fits your needs?

BMT Office Administration

You may need to pull employment records to defend yourself against a wrongful termination lawsuit , verify compliance during a government audit, or simply review an employee’s history when considering them for a promotion. These tools typically include onboarding, payroll , benefits, timekeeping, and performance management functionality.

Filing 98
article thumbnail

Everything you need to know about geofencing time clocks

BMT Office Administration

Missed punches happen all the time, and they cause all sorts of problems with timekeeping and payroll processing. You notice this when reviewing your employee hours for the week, and you check in with them to find out when they left. That’s not to mention all the time it takes to enter payroll data from timesheets manually.

Payroll 59