ADP RUN articles

The results, however, are all over the place and it’s hard to say for sure if it helps or hinders a business. This is the basic math of overtime, but the reality is more complex. With remote work and flexible schedules becoming the new norm, you’ll need to know how to account for varying workweeks. You can also uncover patterns in your work habits by recording your time, such as times of day when you are most productive or when you are easily distracted.

You may also have to provi […]

This approach helps to keep the accounting books balanced at all times while still making it easy to retrieve account information and history on each customer. In order to track the usage and the payment activity of each utility customer, the business will establish a subsidiary account for that customer in the accounting records. Each of the subsidiary accounts carry complete information on all customers, including the account number assigned to each individual customer. As the bill for each […]

Your general ledger serves as your chart of accounts, while your subledger is the information that feeds into your general ledger but does not have its own chart of accounts. In other words, the general ledger can function just fine without subledgers, but a subledger requires a general ledger to function properly. Companies large enough to make use of subledgers will manage their accounting in their enterprise resource management (ERP) systems or integrated accounting systems. This is the bes […]

Small and large businesses widely use straight line depreciation for its simplicity, accuracy, and functionality, but other methods of calculating an asset’s depreciation value exist. Let’s break down how you can calculate straight-line depreciation step-by-step. We’ll use an office copier as an example asset for calculating the straight-line depreciation rate.
Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years. […]

A sinking fund can play a valuable role within your larger budget, which is designed to manage your spending based on what you can afford. It also allows you to cover significant expenses without having to deplete your emergency savings fund. You may be a pro at padding your emergency fund or sticking to a monthly budget. But adding sinking funds to your financial skill set can help you better manage your money and focus on your financial goals.

Also, take advantage of specialized accounts de […]

If the bond includes embedded options, the valuation is more difficult and combines option pricing with discounting. Depending on the type of option, the option price as calculated is either added to or subtracted from the price of the “straight” portion. Whether for all coupons or for each individual coupon—is not adequately represented by a fixed (deterministic) number. The court also decides the type of bail the offender can post in exchange for his temporary freedom.

Special b […]