running a small business « The Payroll Department

Posts Tagged running a small business

Mis-categorization and Generalization Can Throw Your Accounting Records into a Tizzy

Posted by Elaine on September 27, 2016

Small business owners and entrepreneurs have a reputation for being outliers, rebels and thinkers of a different sort. Many times that means they come up with some really great ideas and innovations, but it can also mean that they stumble into problems when it comes to general accounting practices. Some big idea people are extremely detail oriented and others can’t do a thing with details – and therein lies the problem. (more…)

Tags: accounting, benefits of outsourcing, bookkeeper, bookkeeping, Grace Walker, Indiana, running a small business, small business, The Payroll Department

Posted in: Bookkeeping and Accounting

The All Important Audit Trail: What Is It and Why You Need It

Posted by Ariane on September 13, 2016

Whether you own a large or small business, every business generates documents that record your company’s daily transactions. These records are important because they provide you with documentation to support your bookkeeping entries. Whether or not your small business is ever audited, it’s a must that you maintain a complete and accurate audit trail to manage your operations, detect fraud, and ensure compliance with government regulations. (more…)

Tags: audit trail, benefits of outsourcing, bookkeeping, Brownsburg, running a small business, small business, small business bookkeeping, The Payroll Department

Posted in: Bookkeeping and Accounting

Don’t Let Your Payroll Slip Through the Cracks

Posted by Jessica on October 21, 2014

Small businesses often do a great job of making good use of a limited number of employees. Tasks may be shared among several employees or delegated to someone who has other responsibilities. It’s common that employees are often asked to wear several different hats. While this is just reality for a small business working with limited employee resources, it can sometimes create problems, and in no area is this more troublesome than in payroll. Let me explain. (more…)

Tags: Brownsburg, delegating work, employee reponsibility, mistakes on payroll, payroll, payroll accuracy, payroll service, running a small business, small business, small business payroll

Posted in: Payroll, Payroll Processing