- Employee advances and loans that you forget to deduct can drain away your entire profit.
- Timecards come in late causing payroll to be under enormous pressure to meet direct deposit deadlines.
- Tracking employee bonuses, reimbursements and garnishments take time and money and can cost your company some serious fines, penalties, and lost productivity if not handled correctly.
Three Accounting Nightmares All Contractors Face
You went into business for yourself for a variety of reasons and in most cases you thought all you had to do was get good jobs, do the work and you would make a lot of money. In a very short while you got a rude wake-up-call and your reality check bounced. You found out getting the jobs and doing the work was only a small part of being a contractor.Read More