BMT Office Administration
APRIL 22, 2024
Time theft is a very real issue that affects organizations from all industries. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise. Recordkeeping for legal requirements.
Success
JUNE 23, 2021
For example, do research ahead of time to predict the average accounts receivable timelines for your industry. Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. You should consult your own tax, legal, and accounting advisors.
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BMT Office Administration
NOVEMBER 21, 2022
Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. Payroll records for money or pay-related information such as: Timesheets. Payroll deduction forms. You must keep a completed Form I-9 on file for each employee on your payroll.
BMT Office Administration
AUGUST 8, 2022
Creating an effective documentation retention policy involves reviewing company and human resources requirements, state law, federal law, industry and governmental regulatory requirements, and insurance policies. Legal consult proves especially helpful in matters involving the organization’s litigation hold policy.
BMT Office Administration
APRIL 13, 2022
Your work-from-home employees also need to be able to clock in too, and having all time entries in one central system tends to make payroll and attendance management easier. Some time clocks or time softwares also feature exporting options designed to be compatible with the major payroll providers. Time clock options.
BMT Office Administration
MAY 31, 2022
Jan bit her lip and hoped that Laura had not accidentally tossed evidence the legal department might need in a harassment lawsuit. The second action opens up the company to potential legal and regulatory problems. Some types of business records, such as tax forms and legal documents, are relatively easy to spot. OSHA forms.
BMT Office Administration
AUGUST 17, 2022
Project tracking is also great if you are in an industry such as legal or consulting where you need to track billable hours. If you use QuickBooks for payroll processing , the integration is convenient. QuickBooks Time (Formerly TSheets). The GPS tracking feature is also great for route or field-based employees.
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