A payroll clearing account is a zero-balance account that companies use to record and monitor their payrolls. A zero-balance account is one in which no funds remain once all checks have cleared. The ...

When paying your employees, the funds come directly from your business checking account. Some business owners prepare to establish a separate business bank account for payroll payments. When an ...

Nearly 16 million consumers in the U.S. are “unbanked,” which means no one in the household where they live has a checking or savings account, according to a recent Forbes article. Add to that, there ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. By choosing Mox as their payroll account, customers can get more out of ...

Payroll service providers are a big deal for small business─an estimated 41% of American small businesses use them. The services provided by PSPs range from payroll processing to taking custody of an ...

Legal and financial experts agree: Deposit your small-business loans into a separate account. It will help track how funds were used to have them forgiven and protects your company in an audit. A ...

Mosey, the leading state compliance platform, today announced the release of its newest offering, Tax Account Management, a comprehensive solution that centralizes oversight of all 1,200+ state and ...

Tracking your company’s spending is essential for maintaining accurate financial records. One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record ...

Warp, a young payroll startup in New York, is in the spotlight following controversial posts from an account tied to the company. On Thursday, an account posting under the name Vittorio wrote on X, “i ...

Diligent monitoring, audits, and face-to-face confirmation campaigns will expose and discourage payroll fraud. But these approaches are often also resource intensive. Fortunately, there is another ...