A chart of accounts is used to categorize income and expenses and makes it easier to track financial activity. This will also help with tax preparation and reporting. You wanna make sure you think through the development so that you have a clear and concise listing. I’ve seen too many cases where not enough thought...
By Kathryn Mayer Amazon has rolled out a slew of new benefits for its employees, including an emergency savings fund, a mental health app and financial counseling, as wellness challenges mount for workers. The new benefits come as employers navigate a precarious time: Companies are seeing massive dips in employee well-being, while at the...
You want to regularly reconcile bank and credit card accounts to ensure that all transactions have been recorded accurately and to catch any errors or discrepancies. With so much fraud going on these days, reconciliations are a way to catch them before it’s too late to recover. Having accurate books that are reconciled enables you...
While many businesses do just that, I recommend the use of accounting software in the long run. It saves you time and provides a check and balance system. No need to understand debits and credits. The software does it for you. What’s the best software? Well, it depends upon your needs, but most small businesses...
Handling employee rebellion, which typically refers to a situation where a group of employees openly rebels against the authority or policies of the organization, can be challenging. Here are some general steps to consider when facing such a situation: Assess the Situation: Gather all relevant information to understand the reasons behind the employee mutiny. Listen...
By Matt Gonzales Maintaining a healthy work/life balance is a challenge for many employees. But for Kay Lee Mynatt, it’s a necessity. She is the mother of two children. Her youngest son, Spencer, 1, has Down syndrome. Mynatt takes Spencer to multiple therapy sessions per week—physical, occupational and speech—to boost his motor skills, strengthen his...
It amazes me when I meet a potential client and see that their records are a mess. That’s why I’ve coined the phrase I love shoe boxes. Keeping accurate records is essential if you want to know the health of your business. In addition, there are compliance and legal reasons. You want to have those...
The first thing to do is be informed. I always recommend having an HR professional on your team. Let them do what they do best so that you can do what you do best, and that’s run your business. You need to stay informed, ensure you have updated policies and procedures, ensure employees are properly...
The perception that exempt employees do not have to put in the same amount of time as non-exempt employees may stem from a misunderstanding of the Fair Labor Standards Act (FLSA) and the concept of exempt status. Here are a few reasons why some employees may have this belief: Salary-based Compensation: Exempt employees are typically...
Whether you’re welcoming a new addition to your family or have guests with little ones coming to stay, safety should be top of mind. Babies and toddlers are notorious for their curiosity and propensity for mischief, but you can protect little ones from harm by baby-proofing your home. Keeping small children safe from electricity, water...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
