First Reference company logo

Inside Internal Controls

News and discussion on implementing risk management

machine cogs image

Canadian Payroll Association

Payroll’s impact in the accounting cycle

From an accounting perspective, payroll is straightforward — or at least that is what some accountants and auditors think!

 

, , , , , , ,

Payroll accounting – What you don’t account for can hurt you

Payroll is one of the largest single expenses of an organization. Without proper accounting controls in place, money could be misappropriated and false expense claims processed. For this reason, employers must intimately understand their payroll costs, and know how to control and predict them.

 

, , , , , , , , , , , , , , , , , , ,

Do you need an IT business and implementation strategy?

You already know how important information technology is to your business. You’ve got a website that pushes your brand and maybe even sells your products; you’ve got an internal network that connects all of your employees to each other and the documents they need; you’ve got company email to manage, and maybe a bunch of cellphones and BlackBerrys to keep track of; you’ve got security cameras, passwords, log-ins and keycards; and you’ve got employee management systems covering attendance, payroll, benefits and more. If any of these fails, you’ve also got a big problem.

 

, , , , , , , , , , , , ,