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Posts Tagged ‘Employee Accounts and Splits’

Are Pay Rate Changes and Employee Splits Draining Your Payroll Department?

Businesses with the right technology in place are able to process payroll on their own, with few problems or exceptions. However, it isn’t always that easy or straightforward. In some cases, payroll can be one of the largest expenses for a business. Complex payroll posting situations like pay rate changes and other exceptions are difficult […]

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Multiple Cost Centers and Rate Changes Holding Up Your Payroll?

Posting payroll wasn’t always so complicated. Preparing and posting payroll used to be simpler, especially when the headcount was lower and there were fewer pay rate changes and allocations to deal with each week. However, with growth, payroll grows more complicated. These complications cost both time and money. Here’s how you can streamline complicated payroll […]

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Save Time and Frustration with Complex Payroll Processing

As CFO, you trust that the payroll team can process payroll as accurately and efficiently as possible. With the right software in place, this isn’t normally a problem. However, payroll is rarely as straightforward as it should be. Payroll becomes increasingly complex with growth, multiple locations, and employees sharing time across multiple cost centers. As […]

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Get Through Year-End with Fewer Issues, Better Productivity

If you work on a calendar year, you know the next few months are going to get hectic in the payroll department, to say the least. You aren’t alone. Businesses are dealing with holidays and employees using vacation time while trying to prepare month-end, quarter-end, and year-end reports. As employees work hard to keep up […]

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Dynamics GP Payroll Getting Too Complicated?

Payroll accounting and payroll processing are complicated. Even with close oversight and great accounting software, it can be tough to be efficient and accurate. Payroll Tool #1: Employee Accounts and Splits In today’s workplace, employees are more flexible than ever. They’re not restricted to staying within the confines of one department or a single project, […]

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Relieve This Payroll Challenge Once and For All

Many employees take extended vacation during the summer months. That means their colleagues are picking up the slack and taking on tasks that can’t be put on hold. Recording time and expenses for employees that work across several departments or cost centers is a time-intensive process. Relieve this common payroll challenge once and for all […]

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Struggling to Manage Multiple Cost Centers? Here’s Your Solution

Construction companies, healthcare networks, consulting firms and many other industries optimize labor resources through employee sharing. Skilled employees may work on multiple projects at the same time or within multiple departments throughout the day. While sharing skilled employees across your business works wonders for productivity, it wreaks havoc in the payroll and accounting department. Splitting […]

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How to Allocate Employee Costs Across Multiple Cost Centers

There are times when employees wear multiple hats and work for different departments or on different projects. Managing their time and expenses by hand is next to impossible, especially when you have a number of employees moving in different directions across your organization. Automatically allocate employee costs across multiple cost centers by integrating this powerful […]

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Even Strong Financial Management Systems Have Weaknesses

Savvy businesses of all types and sizes often rely on modern enterprise resource planning (ERP) solutions to manage key operations from across their organization. Microsoft Dynamics GP is comprehensive and powerful in many ways, and offers payroll functionality. It’s actually the only Dynamics ERP solution to do so! However, businesses may have unique payroll processes […]

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The Lonely, Complex Job of the Compliance Officer

Compliance Officers are focused on the seemingly mundane record-keeping details and complicated reporting associated with various regulatory agencies.  It’s often a thankless and lonely job that requires a keen attention to detail as well as a generous amount of patience.  Often unknown to most colleagues, Compliance Officers can be the thin line that protects businesses […]

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