Bookkeeping

What Time Does Direct Deposit Hit? 30 Major Banks and Credit Unions

Direct deposits can only be transferred to your account during business days. Therefore, holidays and Sundays are not viable days for direct deposits to take place. Some employers work around this, but you can save extra funds for the 1-day delay or use an app for early paydays. Direct deposits have made banking less complicated …

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Quick Guide to Master Contra Accounts: Definition, Types & Examples Simplified

These accounts keep an eagle eye on sales returns, allowances, and discounts, ensuring you’re not overestimating your income. By subtracting these amounts from the total sales, what you’re left with is net revenue— the revenue that’s truly earned and likely to stay in the company’s pocket. Maintaining contra revenue accounts empowers you to maintain healthier …

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How to Hide Instagram Posts From Certain Followers in 2023

It’s a discreet way to distance yourself from someone without causing any unnecessary drama. Restricting or muting followers preserves the follower count while blocking someone removes them completely. Consider whether maintaining the connection is worth potential future awkwardness. To maintain privacy, regularly review and update your privacy settings. Use the Close Friends feature for sharing …

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Procurement Automation: Benefits & Risks

By using analytics to identify inefficiencies and cost-saving opportunities, companies can ensure data-driven decision-making in procurement strategies. Modern businesses are turning to procurement automation to address these challenges systematically. By replacing manual workflows with intelligent, automated systems, companies are achieving measurable improvements in cycle times, cost control, and compliance management. Choose the Right Procurement Automation …

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What are Billable Hours, and How to Calculate Them?

If you’re not sure whether a specific task is billable, consider whether it’s necessary for the project and actively advances progress. For time to be billable, it should be spent working on tasks outlined in the project’s contract. According to Yale Law School, for a law firm, the target billable hours are usually between 1,700 …

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Restaurant Supply Chain Solutions: How to Beat the Shortage

But with tighter profit margins, rising labor, and inflationary pressure on ingredients, it’s now directly tied to survival. It leads to missed delivery schedules, rising food costs, and frustrated staff who can’t plan ahead. Your guests don’t care what’s happening behind the scenes—but they’ll absolutely notice if their favorite dish is missing or tastes inconsistent. …

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10+ Ratio Analysis for Financial Statements Examples to Download

Hence, the corporation’s net income after tax will be divided by a smaller number of outstanding shares of common stock. This will cause the corporation’s earnings per share (EPS) to increase. This in turn often causes an increase in the market value of each share of common stock. Whether 45% is a good ratio of …

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ADP SmartCompliance® All-in-one payroll & HR compliance

If you have fewer than 50 full-time and FTE employees and offer a fully insured health plan, your insurer is responsible for filing the required forms with the IRS and furnishing the forms to your employees. Applicable Large Employers are required to file an information return with the Internal Revenue Service and provide statements to …

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