With bi-monthly pay, you’ll pay your employees twice a month on set days. While bi-monthly payments often come out to twice a week, there are actually slightly more than two weeks between payments semi monthly vs bi weekly on average. This then causes paydays to fall slightly over two weeks apart at times. You need to consider how many employees you have and whether those employees are hourly or salaried....Read More
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These practices contribute to reliable financial reporting, which is integral to almost every aspect of operating and growing a business. The primary objective of reconciliation is to secured and unsecured debt identify and resolve any discrepancies between the two sets of records. This helps preserve the integrity of financial statements and identifies errors or fraudulent activities. The amount paid by the customer is not completely reflecting in the bank The...Read More
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