Payroll accounting and payroll processing are complicated. Even with close oversight and great accounting software, it can be tough to be efficient and accurate. Payroll Tool #1: Employee Accounts and Splits In today’s workplace, employees are more flexible than ever. They’re not restricted to staying within the confines of one department or a single project, [...]
Many employees take extended vacation during the summer months. That means their colleagues are picking up the slack and taking on tasks that can’t be put on hold. Recording time and expenses for employees that work across several departments or cost centers is a time-intensive process. Relieve this common payroll challenge once and for all [...]
School is out and summer vacations are getting booked. While your employees are away, work doesn’t stop. It can be difficult to stay connected with employees during the summer months. Instead of stuffing envelopes or passing papers through interoffice mail, save time and effort by deploying the Employee E-Mail Suite. This secure system will expedite [...]
There are many reasons to adjust pay rates for an employee, and a growing business may take on new hires at any time. However, adjusting pay rates for new and existing employees is easier said than done in the payroll department. Manual calculations and making adjustments is complicated, even with modern enterprise resource planning (ERP) [...]
We made it through a long, cold winter and employees probably have spring fever. It’s that time again for long weekends and vacations—and in turn, the challenge of keeping track of your employees’ time off by manual means. If you want a more efficient and accurate way to manage leave time, take a look at [...]
Construction companies, healthcare networks, consulting firms and many other industries optimize labor resources through employee sharing. Skilled employees may work on multiple projects at the same time or within multiple departments throughout the day. While sharing skilled employees across your business works wonders for productivity, it wreaks havoc in the payroll and accounting department. Splitting [...]
Statistics show that 80% of employees are stressed about finances. One of the reasons for this is that many just don’t know how to manage their money. The financial services industry makes it all seem so confusing that employees don’t believe they have the ability or confidence to manage their own finances. We don’t agree. [...]
You’ve been out of school for quite a while. So, as a business owner, why should you be concerned with student debt? The reason you should be concerned with student debt is because that’s what your employees are concerned with. Anything that affects your employees will ultimately affect your business. Best Money Moves, a financial [...]
Employment is up; that’s a good thing. But just having a good job doesn’t mean that your employees are financially “well.” Present statistics show that 80% of employees experience moderate to severe financial stress. 63% don’t have $500 on hand for emergencies and more than 70% don’t have even $15,000 saved for retirement. You don’t [...]
Making and correcting mistakes after processing payroll is often a frustrating, time-consuming process for your payroll team. It happens, probably more often than you’d prefer. Correcting these mistakes doesn’t have to be such a nightmare. Save time, money and frustration with these two payroll processing add-on solutions to Microsoft Dynamics GP Payroll. Payroll mistakes happen; [...]