Found the best new hire thanks to an employee referral? Great! Next on the agenda is paying out the referral bonus to the referring employee.
Read MoreDon’t Cut That Check! Your Guide to Referral Bonus Payouts Has ArrivedPatriot Software Blog
May 20, 2022
The Three Golden Rules of Accounting You Should Always Follow
You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way you want to […]
Read MoreThe Three Golden Rules of Accounting You Should Always Follow
May 19, 2022
And Just Like That, It’s Time to Change Sole Proprietorship to LLC. Here’s How to Do It
Did you structure your business as a sole proprietorship? Do you want to move beyond your sole proprietorship status? If your business structure just isn’t cutting it, one of your options is to change sole proprietorship to LLC.
Read MoreAnd Just Like That, It’s Time to Change Sole Proprietorship to LLC. Here’s How to Do It
May 18, 2022
What Is Compensation? | Employer Guide
如果你的员工,你需要补偿他们. So, you set an hourly rate or salary. But, you might also give other types of wages to your employees. And if you do, you need to know if those other wages count as compensation. Why? Knowing what is compensation is a key part of putting […]
Read MoreWhat Is Compensation? | Employer Guide
May 18, 2022
Job Rotation Program: Pass or Play?
Some employees can be hard to hold onto. Why? Employees, particularly millennials, want more opportunities to learn, grow, and advance their careers. In fact, job development is so important that 87% of millennials want it. The good news is that your employees may be able to get the development they want without changing companies. Cue: […]
Read MoreJob Rotation Program: Pass or Play?
May 17, 2022
Your Step-by-step Accounts Receivable Process Guide
When you extend credit to customers, you deal with something called accounts receivable. To ensure your company gets paid and your books are all up-to-date, you need to have a solid accounts receivable process in place. Here’s your step-by-step guide on accounts receivable processes and procedures to live by.
Read MoreYour Step-by-step Accounts Receivable Process Guide
May 16, 2022
6 Things You Absolutely Must Include in Your Hybrid Work Policy
Thanks to the pandemic, there’s a new sheriff in town: Hybrid workplaces. In fact, 74% of companies in the U.S. are using or plan to implement a permanent hybrid work model. If your company plans to be part of this statistic, you need to know what to include in a hybrid work policy to keep […]
Read More6 Things You Absolutely Must Include in Your Hybrid Work Policy
May 16, 2022
Is Juneteenth a Holiday? What Employers Need to Know
Whether you offer time off or need to process direct deposit, staying on top of legal holidays is a must. And when it comes to Juneteenth, you need to keep updated with the latest federal and state holiday status changes. So, what is Juneteenth, and is it a legal holiday?
Read MoreIs Juneteenth a Holiday? What Employers Need to Know
May 12, 2022
Should I Use Cash or Accrual Accounting? Your Answer Awaits…
When it comes to running a business, you take on the role of decision-maker. And, one of your biggest decisions is if you should use cash or accrual accounting. What’s the difference? How in the world does accrual or cash accounting impact your books? We’re gonna break it all down for you.
Read MoreShould I Use Cash or Accrual Accounting? Your Answer Awaits…
May 11, 2022
How to Calculate Net Pay for Payroll
Employee salary: $50,000 a year. But you know that’s not what they’re walking away with. Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). To find their take-home pay, you need to know how to calculate net pay.
Read MoreHow to Calculate Net Pay for Payroll