In such a case, the employer is required to pay payroll tax on these payments (unless the employee returns the excess payment to the employer within a reasonable time). Employee advances are different from employee allowances and reimbursements. Employee allowance represents a cash payment (loan...
including short-term loanspayable57, notes payable, accounts payable, advances from customers, accruedpayroll58, taxes payable, profits payable, other payables, provision for expenses, etc.
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Payroll 工资 (ref: IHG Accounting P&P Manual Chapter 11) 6.1.01 Payroll Disbursement – Salary Advances 工资支付——预支工资 6.1.02 Payroll Disbursement – Unclaimed Wages 工资支付——未领工资 6.1.03 Employee Terminations 终止合同员工 6.1.04 Payroll Preparation Control 薪酬发放控制 Section 7: Fi...
Pay Advances Medicare Piece Rate Overtime Health Benefits Union Dues Commission Vacation/Leave Insurance Seasonal Multiple States Federal Taxes Retirement Plans Local Income Taxes …and more Make your job easier by letting the payroll system do the calculating for you – from flat rates to complex fo...
Client advances and retainers are a somewhat idiosyncratic occurrence in professional services, functioning as up-front payments or security deposits that signal a commitment from both the client and the service provider. Inaccurate accounting of these payments, however, can lead to premature revenue rec...
Employee advances: Track advance money paid to employees until they are repaid or accounted for as company expenses. Reimbursements: Maintain records for reimbursements due to be paid out to employees. How to set up payroll accounting Establishing payroll accounting from the ground up can be daunting...
For a company to be truly global it must have the best technologies and processes at the lowest possible cost. One way of doing this is through the shared services approach. The last two decades have been a dynamic period for the business community. Advances in technology, the globalisation ...
big-picture thinking to envision solutions for your clients’ problems research and evaluation skills so you can poll current clients, evaluate industry and market trends, and follow tech advances empathy, curiosity, good communication, and change management to guide clients through these recommendations...