Category: Payroll

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...

man leaving the office with a box after being laid off

5 Things to Know About Severance Pay

Part of being a human resources manager is dealing with employees who need to be or have just been terminated by your company. It’s your responsibility to clearly explain the situation and have the...

Woman runs payroll from her laptop

7 Benefits of Paperless Payroll

Running payroll manually can be tedious, time-consuming, and expensive for a small business owner. If this is true for you, it may be time to go paperless. A paperless payroll solution does more than...

man typing on calculator and looking at paper

6 Payroll Tax Questions You Need Answered

Running payroll is more than writing your employees a check. You also have to make sure you’re correctly withholding taxes from your team and tracking your tax liability, so you know how much to...