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5 SOP examples for your business

BMT Office Administration

Terms and definitions. New hire refers to any new employees beginning employment at the company. Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources. Direct Deposit Form. Employee Handbook and Acknowledgement Form.

Payroll 72
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

While some variance may occur between companies, certain papers commonly belong in these files and some definitely do not. Health insurance forms. Reference and background check results. Payroll records for money or pay-related information such as: Timesheets. Pay authorization forms. Pay authorization forms.

Filing 121
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

If so, then you’ll definitely want to have the proper documents on-hand to defend your managers. Besides the EEOC, the IRS also has requirements for employee documents, including which forms you need to have for each employee, such as W-4s. Also, you’re legally obligated to retain these records for at least one year by the EEOC.

Filing 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In fact, ROBS is currently the most popular form of business financing in 2023. So whenever you hear someone talk about their fiscal year, they’re referring to the 12-month period they use for accounting and taxes. Equity (net worth) What does it mean when someone refers to their business’s equity?

Finance 105
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It’s time to review (or create) your document retention policy

BMT Office Administration

Never dispose of a current employee’s Form I-9; you must keep it for as long as the employee works for you, and for a certain amount of time after they stop working for you. Only when an employee stops working for you should you calculate how much longer you must keep their Form I-9. Per the U.S. Department of Labor.

Policies 105
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How to handle remote employee time tracking

BMT Office Administration

Now in 2023, it’s projected that 25% of the workforce will engage in remote work in one form or another. Employee time tracking refers to keeping track of an employee’s work hours and productivity. Its core features include: Automated invoicing & payroll. What is remote employee time tracking? Employee scheduling.

Payroll 52
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Stay organized and secure with electronic records management

BMT Office Administration

Such a management system utilizes information technology to organize and store records in electronic form. Basically, the term refers to evidence of business-related activities, such as events, transactions, discussions, and communications. OSHA forms. Payroll information. Figuring out what to keep and for how long.