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. If so, read on to learn how you can streamline your time approval to save time and money. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Why is timesheet approval necessary?

Payroll 52
article thumbnail

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

BMT Office Administration

When thinking about what belongs in there, the Society for Human Resource Management suggests the following: “Consider whether the document would be relevant to a supervisor who may review this file when making employment decisions. Annual performance reviews and similar formal performance evaluations. Payroll deduction forms.

Filing 121
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

3 Smart Money Moves to Make Before Starting a Business

Success

Although it’s tempting to get scrappy and assume you’ll learn and create a financial plan for your new business on the fly, it’s better to think ahead so you can avoid costly mistakes that you can’t afford. If you decide to seek outside capital, look at your options and review the pros and cons. It requires time, energy and resources.

Finance 345
article thumbnail

Leveraging Procedures for Effective Training and Onboarding

All Things Admin

If you don’t have procedures in place, one approach to onboarding involves having the new hire document the procedures as they learn. This method serves a dual purpose: it ensures that your procedures are up-to-date and allows the new employee to reinforce their learning through the act of documentation.

article thumbnail

1099 vs W-2: The difference between employees and contractors

BMT Office Administration

If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. What is a W-2? How to fill out a 1099 vs a W-2.

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 290