Archive / 1.09 Payables to Employees

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Weekly wages

When we discuss weekly wages, we mean two things: (1) salaries being paid once a week, and (2) salaries calculated by weeks.  (more…)

Hourly wages – what about them?

There are lines of work where employees are paid by the hours they put into their work effort. Of the top of my head, it can be guards for instance or people marketing goods within supermarket alleys etc. It depends on the best practices within your country, within your line of business.  (more…)

Things to consider in your business when employing people

When employing people – a huge step in the sense that there’s no longer you who needs to have the ends meet with your business, but someone or possibly even more than just one someone, who require that they get paid on a regular basis and within sufficient range, – it’s crucial to keep a […]

Incentives to employees

Incentives (i.e. bonuses based on personal results, company’s performance etc.) aren’t things to be afraid of. Yes, they create expense within accounts; they’re an additional routine to maintain and so on, but what they actually do, if set up properly, is motivating people more.  (more…)

Overtime

Working overtime is something that’s not always well looked at and there are various reasons for it, both economical and physical.  (more…)

Work by the piece

Administrating your payroll in a way that you pay for each piece produced (that is you pay to your workers say 1 CU for each item that they’ve produced during the period they get paid for, i.e. a week if you apply a weekly wage) means first off that you have people doing manual labor, […]

Payroll accounting

Payroll accounting and understanding the basic accounting entries is a crucial part of accounting and not just accounting in itself, also for your business.  (more…)