ADP RUN articles

For example, if you receive $1,000 on your Net Pay, and you select 25% to go to account #1, that means $250 will be allocated to Account #1, leaving $750 remaining. Allocations are assigned to allocation groups, and it is allocation
groups — which may contain one or many allocations — that the system processes. When an allocation group is processed, the system generates and posts the
journal vouchers that distribute the allocated dollars. With the fixed method, after you enter header informa […]

The accounting cycle consists of the steps from recording business transactions to generating financial statements for an accounting period. The operating cycle is a measure of time between purchasing inventory, selling the inventory as a product, and collecting cash from the sales transaction. The accounting cycle is a comprehensive accounting process that begins and ends in an accounting period. It involves eight steps that ensure the proper recording and reporting of financial transactions. […]

Analyzing your restaurant financial and operational data regularly is one of the keys to a healthy bottom line. By looking at a few essential reports, such as your profit and loss (P&L) statements and your prime cost (food and labor costs), you can accurately track your restaurant. Implementing accounting software can help you and your accountant stay on the same page. The ideal accounting software for restaurants should provide advanced reporting features, be easy to use, and allow you to […]

However, the overall value of all outstanding shares won’t change since no additional capital will have been paid into the company. As I have highlighted in prior articles, the business has, for years, suffered with weakening revenue in most years and declining profits and worsening cash outflows. Yes, investors might point to initiatives like the […]

A business’s accounting records contain sensitive information that needs to be kept confidential. Keeping these records secure and ensuring that unauthorized access does not occur. Choosing the right accounting software is one of the most important decisions you need to make when setting up your account system. You should look for software that is easy to use, integrates with other systems, provides customizable reports and functions, and ensures data security.

If the customer pays the […]

For more information on the IRS lookback period, check out Publication 15. Depending on how you filed in the past, you might have to look at your Form 944 for that year, or all four quarters of Form 941 for that year. There are two convenient ways that a business can
file electronically or e-file. Then, interest is charged on the total
of unpaid tax and the penalty. There are also deposit penalties for making late
deposits and for not depositing the proper amount. Form 941 may also be signed b […]