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The accounts payable (A/P) turnover ratio is a liquidity measure that shows how fast a business pays its suppliers during a specific period. The A/P turnover formula is: Accounts Payable Turnover = Total Credit Purchases Average Accounts Payable Accounts Payable Turnover Ratio Calculator Generate A/P reports faster by using accounting software.

Learning how to do payroll in West Virginia can be challenging, partly because West Virginia’s payroll taxes include a progressive income tax withholding requirement for your workers. Plus, some jurisdictions collect local income tax. This means that part of handling the state’s withholding requires each

Illinois has state income taxes, with reciprocity agreements with nearby states to let employees pay income taxes for the state they reside in. The wage and labor laws closely follow federal regulations. We’ll cover how to do payroll in Illinois, with explanations of the most

Gusto and Justworks both offer HR and payroll support and earn high scores in our evaluation for features and ease of use. Gusto is a payroll software that helps you manage your payroll and offer benefits, while Justworks is a professional employer organization (PEO) that

Hiring from the Philippines may benefit your company and give you a competitive advantage. Many Filipino workers are experts in their fields, speak English, and can help your organization grow at a fraction of the cost you’ll pay US staff. Before anything, decide whether to hire

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When I Work is a cloud-based employee scheduling and time tracking software that helps businesses of all sizes manage their workforce more efficiently and effectively. It has desktop and mobile apps that make shift management and time tracking easier. With its cloud-based and scalable platform,

Editorial and Partnership Disclosure card_name is an excellent travel rewards card for business owners who don’t want to pay a high annual fee. It allows you to maximize rewards, access unique additional perks like cellphone insurance, and add employee cards at no additional cost. If you

A performance improvement plan (PIP) is a management tool for creating a roadmap to help an underperforming employee succeed. Whether an employee is failing to meet their objectives or has excessive tardiness that must be corrected, a PIP provides a structured path for strengthening their

IRS Form 1099 is a series of forms used to report certain types of income that don’t come from a direct employer in the form of wages, salaries, tips, etc. Form 1099-NEC (nonemployee compensation) is the most common version, frequently used by small business owners. If

Editorial and Partnership Disclosure Huntington Voice Business Credit Card is a great option for those who want to choose the expense category where they can earn premium cash back. It offers 4% cash back on one of the 10 categories of your choice on up

Clockify is a time tracking software with a simple-to-use timer and time sheet that allows small businesses to monitor employee work hours across projects. Its user-friendly platform also includes online tools to manage billable and nonbillable hours, create schedules, and improve productivity. While you can