Lease Accounting – Should You Lease or Buy?

Lease Accounting - Should You Lease or Should You Buy

When it comes to lease or buy, there are pros and cons to both options. In this post, we will explore the advantages and disadvantages of each choice so that you can make the best decision for your company. Leasing is a great option for businesses that want to conserve cash flow, while buying assets … Read more

What Types of Accounting Services Can You Outsource?

outsource accounting

Maintain accurate records; keep track of your company’s finances, bookkeeping, payroll, management accounting, taxes, accounts receivable, accounts payable and financial reporting; and follow up on debts and compliance. Phew! What a relief to have expert professionals to turn to for managing accounting functions. Are you looking for a broad range of tasks to be done … Read more

How To Create a Salary Plan

Don’t use guesswork when figuring out how much to pay your employees. You need a comprehensive, long-term plan to figure out a talent strategy. Here’s a checklist to get started on creating a strategy: List the job responsibilities, duties, required skills and experience of every role to determine the value each job brings to your … Read more

The Strategic Role of the CFO

The chief financial officer of a company has always had a seat at the table, but the current business environment combined with changes wrought by the pandemic make the role even more important. CFOs, who are already dealing with the perfect storm of rising prices, higher interest rates, continuing supply chain issues and labor shortages, … Read more

Improve Your Payroll Audits With Automation

Payroll is a core feature of all businesses, and it is very important as it heavily impacts the morale of employees. After all, if employees aren’t paid appropriately for their work, you can expect them to leave.  Payroll also impacts a number of business processes, including human resources and finance. The employee aspect and interrelatedness … Read more

Integrated Timekeeping: A Strategy for Preventing Payroll Errors

Under the Fair Labor Standards Act, employers are required to maintain updated records of the hours worked by nonexempt employees. According to the FLSA, employers are also expected to pay nonexempt employees for all of the hours they work. As such, it is of utmost importance that employers ensure accurate timekeeping and payroll processes as … Read more

Qualities of a Good Payroll Technology Demo

A product demonstration or demo enables vendors to present the value of their product or service to prospective buyers. So if you’re in the market for payroll technology, product demos are an essential part of the process. Before you look for demos, you’ll need to identify your payroll pain points and the necessary solutions. Then … Read more

How To Choose a Financial Wellness Vendor

In a 2020 survey, 44.9% of respondents said they would view their employers in a better light if they provided a financial wellness program, and nearly one-third said they would participate in a financial education program if their employer offered it. A different 2020 survey found that “62% of employers feel extreme responsibility for their employees’ financial wellness, … Read more

Is This Your Situation: You Want a Paperless Payroll

Paperless payroll is a paper-free payroll process that has become hugely popular in recent years. But despite the groundswell of support for paperless payroll solutions, employers should examine the details before making the switch.  Six pros of paperless payroll Electronic storage — Stores payroll documents on your computer, eliminating clutter and making payroll documents easier … Read more

Is This Your Situation: You’re Spending Too Much on Bookkeeping

Wondering what your options are to reduce spending and increase income? Here are some tips: Organizing your finances is the foundation for financial success. Receipts scattered? Can’t keep up with payments that are due? Missed payments result in late fees and interest charges, and all those do are increase the overall amount to be paid … Read more

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