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Use Payroll Reconciliation to Record Your Books Accurately

Patriot Software

As a small business owner, payroll is one of your biggest expenses. You need to make sure you run payroll and record it in your books correctly every time. Check your general ledger entries with payroll reconciliation for accurate accounting and payroll records.

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Steps to perfect your payroll this EOFY

Xero

However, most of us will have completed an EOFY using Single Touch Payroll (STP) before, so wrapping up the 2021/22 financial year should be smooth sailing. . If you’re using Single Touch Payroll (STP), ensure all of your pay runs have been filed to the ATO successfully. Troubleshooting tips.

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Internal Controls To Prevent and Detect Fraud at Small To Medium-Sized Not-for-Profits

Withum

Implementation of a dual signature on checks and bank signatory limits Subscription to ACH filter and Positive Pay through the banking institution, if those services are offered Independent review of bank reconciliations by someone not involved in the process of recording transactions Provide an individual outside the accounting department (for example, (..)

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ADP Adds HCM Solution for Construction Industry

CPA Practice

Payroll, HR, and benefits software provider ADP has launched a human capital management solution specifically for the unique needs of construction firms. Without good visibility into payroll, it’s hard to hire the right people and stay on top of labor expenditures. Create Certified Payroll and Union reports within the system.

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Latest product news — April 2023

Xero

Reports: A new version of the General Ledger Summary report is now available. You can drill down into the General Ledger Detail report , choose which accounts to show, customise columns and more. Xero Payroll (AU): The Single Touch Payroll Phase 2 reporting deferral ended on 31 March 2023.

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Payroll Auditing 101 for Trustees of Multiemployer Plans

Withum

Payroll Audit Basics for Trustees. Payroll compliance audits perform a central role in this regard. Level Playing Field: payroll audits help trustees differentiate problematic employers from the rest. In these cases, they should direct the payroll auditor to test employers with known or suspected delinquency issues.

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Benefits of Matching Financial and Non-Financial Data

Withum

With all these different funding sources, it is imperative that healthcare-related not-for-profits have a general ledger system that can support both financial reporting and operational efficiency. A general ledger system is a software application that records and summarizes the financial transactions of an organization.