This week was National Payroll Week which is observed in recognition of all employees and the payroll professionals who pay them. These groups are put together because they collectively handle, report, contribute or otherwise touch 70% of the US Treasury’s annual revenue. Wow! In honor of the week, we asked our accounting department what they think your accounting department wants you to know. We learned 5 big things from them.
Regularly Review Your Pay Stub
This is not only to ensure your pay is accurate either. Things to review include other pay items such as deductions and taxes.
Please be sure to send any updates, changes, or information as soon as possible. There is processing time between when information is received to funds being paid, and this will help ensure timely inclusion in payroll.
Make Sure to Keep Them Updated
Please be sure to send any updates, changes or information as soon as possible. There is processing time between when information is received to funds being paid, and this will help ensure timely inclusion in payroll.
It’s Just Math
“Accountants aren’t any more qualified than you to divvy up the bill at a restaurant.” Bring a calculator and figure out the tip yourself. You’ve got this.
The most common pay frequency in the U.S. is biweekly, which is used by 37 percent of private businesses. Surprisingly, weekly beats semimonthly as a runner-up at 32 percent.
More Tips & Tricks
I hope you found value in this list. If you’d like to learn more about your accounting department, give them a call or email and I bet you’ll be glad you did. If you’d like more lists check out our blog page to see more. Did we miss something about accounting that you’d like to share? We’d love to help you do that! Send to our Writing Team and we’ll be happy to share them in a future blog. Stay cool and be safe this summer!