Exempt vs. Non-Exempt Employee Classification

Exempt vs. Non-Exempt Employee Classification

Exempt vs. Non-Exempt Employee Classification Most business owners find it difficult to distinguish between the exempt and non-exempt employees, and it also causes a great deal of confusion between employers and employees. Whether you are entitled to the overtime...
What Records to Keep in a Personnel File?

What Records to Keep in a Personnel File?

It can be difficult to know what employee records a small business should keep in a personnel file. Should it only hold onto the bare minimum and risk not having enough documentation to protect itself should it need to in the future, or should it keep everything and...
Government Policies

Government Policies

Most small business owners are well informed about what government policies apply to them, specifically what FLSA (Fair Labor Standards Act) policies they need to be in accordance with according to their business. However, an increasing number of small businesses have...
What Is a Vendor Credit, and How Do You Record One?

What Is a Vendor Credit, and How Do You Record One?

Whether you’re getting a vendor credit for a refund or a return, you can record it in QuickBooks Online. When you’re dealing with your company’s vendors, you’re probably accustomed to money flowing in one direction: theirs. Maybe you send them to purchase orders and...
Decision-Ready Financial Reporting for Your Salon

Decision-Ready Financial Reporting for Your Salon

Decision-Ready Financial Reporting for Your Salon or Spa Financial reporting is a crucial element for any business as it helps in making decisions. Reports such as Profit and Loss, Balance Sheet, and Cash Flow Statements are helpful with the growth analysis of small...