SMBAccountant

NOVEMBER 17, 2021

Almost every business has some sort of payroll to pay their employees. Payroll can become much more complicated than some assume and it often has a substantial impact on financial results. The largest expense for many businesses is their labor expense, yet it’s often the most misunderstood.

payroll 130

payroll payroll tax income tax Expense Reimbursements 130

CPA Practice

DECEMBER 22, 2023

Financial Statement Manipulation Manipulation of financial statements is another common form of fraud. This manipulation may include inflating assets, revenue or net worth as well as minimizing the appearance of debt or expenses. A lack of controls in the payroll process can contribute to this type of fraud.

Expense Reimbursements 117

Expense Reimbursements payroll financial statements general ledger 117

Basis 365

JUNE 15, 2023

Payroll Fraud: Manipulating payroll records to inflate hours or create fictitious employees. Expense Reimbursement Fraud: Submitting false expense reports for personal expenses. Implement segregation of duties, ensuring multiple employees oversee financial processes.

bookkeeping 52

bookkeeping Employee Expense Reimbursement Expense Reimbursements auditor 52

Basis 365

FEBRUARY 1, 2024

Invoices languish in email inboxes, expense reports get lost in paper trails, and payroll processing involves manual calculations. Their robust, cloud-based software integrates seamlessly with payroll, inventory management, and customer relationship management platforms. In most cases, you should choose accrual accounting.

accounting system 59

accounting system accountant accounted Account 59