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A Comprehensive Guide to Building an Optimal Accounting System

Basis 365

In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial discipline.

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Errors in Posting Payroll

SMBAccountant

This can include deductions for Social Security, Medicare, federal and state income taxes, health insurance, 401k, child support, expense reimbursements, and many others. When posting the net pay as the business’s expense, all those deductions that were paid by the employee are reducing the company’s expense.

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SEC Charges ex-iPayments Executives With Million Dollar Scheme

PYMNTS

The Securities and Exchange Commission announced Friday (March 11) that it has lodged charges against two ex-executives at a credit card processing company for masterminding a scheme to steal millions of dollars through fake expense reimbursements, invoices that were inflated and other improper accounting tactics.

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How to Set Up Online Payroll for Your Small Business

xendoo

Payroll software—either as part of your accounting system or a stand-alone app—automates much of the work for you. . Fringe benefits and expense reimbursements. Choose Payroll Software. Fortunately, you no longer have to manage payroll with cumbersome spreadsheets and manual data entry. Sickness or injury payments.

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