Payroll accruals are sums that your business owes to workers for hours they have worked. Because few companies pay employees immediately, there is usually a lag time between the end of a pay period ...

Have you ever started to review your financials at the end of the month and noticed that labor and wages are really, really high? What was the reason? If the answer was that you were coming to the end ...

There are a number of deductions that will occur from most employee’s compensation. Among these are applicable federal and state income taxes. Social Security deductions are also taken from each ...

Quarter-end accrual refers to money that has been earned in that business quarter but has yet to be received. Income always has to be recorded in the accounting period, in this case the quarter, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Suzanne is a content marketer, writer, and ...

While lots of HR vendors have ‘fast’ implementation methodologies, there’s still one area that takes a lot of work and often gets shortchanged in the implementation: payroll’s interface/integration ...

The handling of prepaid expense deferrals and expense accruals will be consistent with the last nine fiscal years. General Accounting processes all prepaid expense deferrals and accruals for all of ...

Have you ever started to review your financials at the end of the month and noticed that labor and wages are really, really high? What was the reason? If the answer was that you were coming to the end ...