Adequate documentation is necessary to ensure accurate financial reporting and ensure compliance with regulatory requirements. This account serves as a temporary placeholder to compile and summarize all revenues and expenses at the end of an… Read more

The direct write-off method does not comply with the generally accepted accounting principles (GAAP), according to the Houston Chronicle. The direct write-off method is certainly simple, but it also comes with a few drawbacks that… Read more

OnPay is an ideal payroll system for managing the entire payroll process. Its payroll solutions also include a suite of HR tools that include management of PTO policies, compliance audits, resource library, employee management, etc.… Read more