Remove Definition Remove Expenses Remove International Remove Payroll
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5 SOP examples for your business

BMT Office Administration

In order to produce more consistent results and streamline your internal operations, it can be beneficial to create standard operating procedures for everyone to follow. Terms and definitions. Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources.

Payroll 72
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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. Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. The FLSA has a few other regulations related to payroll documents besides retaining them for three years.

Filing 52
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It’s time to review (or create) your document retention policy

BMT Office Administration

As a starting point, consider what these organizations say about some major types of records to keep and for what length of time: Per the Internal Revenue Service : The length of time you should keep a document depends on the action, expense, or event which the document records.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

Internally, anyone from a manager looking for details of past dealings with a specific client to lawyers building a defense for an improper termination lawsuit benefits from the ability to quickly and easily find what they need. Payroll information. Others, such as emails and social media posts, are not so obvious. OSHA forms.

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Do You Know Your Lifestyle Ratios?

Stephanie LH Calahan

  Revenue, net income, total expenses, and payroll costs are just a few of the items that you may be monitoring on your profit and loss statement.  These definitions correlate to your time spent, not the IRS definitions.) If you are active in your business, this will be the lion’s share.

Lifestyle 100