Category: Payroll

What is the FedNow service?

The COVID-19 pandemic has had a significant impact on the global economy. To mitigate the economic fallout, the United States government has implemented various measures to support the economy, including the FedNow service. In...

business owner looking at computer while on phone

How to Switch Payroll Providers in 7 Steps

If your current payroll provider is no longer meeting your needs, it might be time to switch companies to software that will better serve your business. Just thinking about changing can be overwhelming but...

woman runs payroll for her small business on a computer

Payroll Guide for New Small Businesses

As a new small business owner, you may have heard the phrase “running payroll,” which means paying your employees. It’s a rite of passage for new small businesses because it means you’ve grown to...

female coffee-shop franchisee talking on the phone while exploring payroll options

Do Franchise Locations Manage Their Own Payroll?

Buying a franchise allows you to own a business without having to start from scratch. Instead, as the franchisee, you can rely on the franchisor’s experience, name recognition, and advertising. You’ll still be responsible...

close-up of man pressing calculator to calculate employee’s beginning balances

What are Beginning Balances in Payroll?

In payroll, the term “beginning balances” refers to amounts paid to and withheld from an employee during previous payroll runs in a fiscal period. You may also hear them called starting or opening balances....

person using a calculator and laptop to determine an employee's net pay

What is Net Pay and How is it Calculated?

Before employees start their first day on the job, it’s important they understand their compensation completely. They agreed to an hourly or salaried amount when you offered them the position. But, do they know...