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Even if you have an accountant, it’s good to understand what goes into each entry so you know how to interpret your books. Calculate the correct amount of money each employee will receive before withholdings. Some hourly workers are not covered by the FLSA but are subject to other regulations. For example, railroad workers are governed by the Railway Labor Act, and truck drivers fall under the purview of the Motor Carriers Act. Customizable spreadsheets can save you countless hours you don’t necessarily need to spend doing admin tasks. Start by downloading the Yearly Payroll Template with overtime and PTO.
Form SS-8
They help you keep track of one of your most significant expenses and ensure you have enough budget to fund employee paychecks. If you’re manually creating your reports, here are some https://www.bookstime.com/bookkeeping-services/abilene free templates you can use. These three are some of the most commonly used reports you’ll need to keep your business running and make sure you’re calculating employee pay correctly.
The Weekly Payroll Template with overtime helps you run an accurate payroll by letting you calculate the exact net amount based on employees’ regular hours and their overtime. The template also provides insights into how much you’re spending across projects. Use it to inform payroll examples how you allocate resources and to manage budgetary expectations. Hop into the Board view to get an overview of all services provided and payments made, filtered by project type or employee. Use this timesheet to keep track of an employee’s billable hours and services.