How do you adjust a paycheck amount for reconciling purposes only? In my books the paycheck issued has an amount but my client gave the employee a different amount. I've already reported the paycheck amount to the IRS so I dont want to change it but I cannot reconcile since both amounts are different?
When a salaried worker goes on vacation and only takes about 3 1/2 hours off, how is it calculated on the payroll? For instance the person makes $3800.00 per month or $1900.00 per half month. How would the calculation be for payroll?
I have never done bookkeeping for a C-corp and I want to make sure I am paying a salary correctly. What is the best way to pay the only employee/CEO? There are a few shareholders (and he is one of them) but he doesn't want to take this money as a dividend. It should be his salary for the work he does. Can he be an independent contractor, or is that not legal or ethical? thanks
We recently were involved in a payroll scam. We print the actual checks on a special printer with our clients routing number, account number and business name. This new client gave us someone elses bank number and they were getting money out of their account. We can't verify their banking information and we can't verify their FEIN number so how do we check to make sure who we hire on as a client is not going to scam us and that they are who they say they are?