by Franck BRUNET | Apr 10, PM | Accounting & Software Solutions
Understanding Holiday Pay Basics What is Holiday Pay? Holiday pay is a form of compensation that employees are entitled to receive when they take time off from work during national holidays, or when they are on annual leave. This pay ensures that employees do not...
by Franck BRUNET | Apr 9, PM | Accounting & Software Solutions
What is Retroactive Pay? Definition of Retroactive Pay Retroactive pay, or back pay, refers to the wages that an employee is owed for work that was performed in the past, but due to various reasons, was not paid out at the time it was earned. This compensation...
by Franck BRUNET | Apr 8, PM | Accounting & Software Solutions
Understanding Intuit Charges: An Overview When managing your business’s finances, noticing unexpected Intuit charges on your bank statement can be perplexing. Intuit, the company behind financial tools such as QuickBooks, TurboTax, and Mint, provides various services...
by Franck BRUNET | Apr 7, PM | Accounting & Software Solutions
Defining Owner’s Draw and Salary What is an Owner’s Draw? When it comes to business owner compensation, understanding the concept of an owner’s draw is crucial. An owner’s draw refers to the process where the business owner withdraws funds from...
by Franck BRUNET | Apr 6, PM | Accounting & Software Solutions
Introduction to Reclassifying Transactions Understanding and managing financial transactions effectively is critical for any business, and the ability to reclassify transactions plays a vital role in maintaining accurate financial records. Reclassification is not just...
