Tips For A Successful Salary Negotiation

So what goes on the accounting and bookkeeping departments

? What do these people do on a daily basis?

Well, one thing they do that's terribly important to everyone working there is Payroll. All the salaries and taxes earned and paid by every employee every pay period have to be recorded. The payroll department has to ensure that the appropriate federal, state and local taxes are being deducted. The pay stub attached to your paycheck records these taxes. They usually include income tax, social security taxes pous employment taxes that have to be paid to federal and state government. Other deductions include personal ones, such as for retirement, vacation, sick pay or medical benefits. It's a critical function. Some companies have their own payroll departments; others outsource it to specialists.

The accounting department receives and records any payments or cash received from customers or clients of the business or service. The accounting department has to make sure that the money is sourced accurately and deposited in the appropriate accounts. They also manage where the money goes; how much of it is kept on-hand for areas such as payroll, or how much of it goes out to pay what the company owes its banks, vendors and other obligations. Some should also be invested.

The other side of the receivables business is the payables area, or cash disbursements. A company writes a lot of checks during the course of year to pay for purchases, supplies, salaries, taxes, loans and services. The accounting department prepares all these checks and records to whom they were disbursed, how much and for what. Accounting departments also keep track of purchase orders placed for inventory, such as products that will be sold to customers or clients. They also keep track of assets such as a business's property and equipment. This can include the office building, furniture, computers, even the smallest items such as pencils and pens.

by: Helmy Wood

POST COMMENT

How to Eliminate Unsecured Debts Through a Legitimate Debt Negotiation Process Debt Relief Solutions – How Debt Settlement Negotiation Could Pay Off Big Make the Most of Debt Settlement - 3 Tips to Make the Debt Negotiation Process Smoother Debt Negotiation Tips - A Way to Never Pay Back 50% of Your Unsecured Debts Consumer Debt Negotiation - Get a Credit Settlement That Meets Your Needs Regarding Massive Debts Debt Settlement Negotiation – The Pros And Cons Of Getting A Debt Settlement Debt Negotiation Tips - Reach a Debt Settlement Agreement Faster With These Tips Credit Card Debt Tips - How Credit Card Bills Can Be Reduced Through Debt Negotiation Stop Paying Credit Card Debt - How to Make a Debt Negotiation Deal With Creditors Debt Relief Tactics - Consolidation Or Negotiation - Which Will Reduce My Debt Faster? Debt Settlement FAQ - How Much Debt Will I Reduce With Debt Negotiation? Debt Settlement Solutions - Why Negotiation is the Better Way to Get Rid of Unsecured Debt Salary Negotiation Tips