Wageloch Workforce Management for Accountants and Bookkeepers
Are you an accountant or bookkeeper looking to streamline workforce management for your clients? Discover Wageloch's comprehensive solutions, tailored for small to medium-sized businesses! Key Features: Employee Scheduling: Easily create and manage employee schedules, ensuring optimal coverage and reducing overtime costs. Time and Attendance Tracking: Monitor employee clock-ins and clock-outs in real-time, reducing manual errors and ensuring accurate payroll processing. Payroll Integration: Seamlessly integrate with MYOB payroll, ensuring precise and compliant payroll management with reduced administrative burden. Benefits for Accountants and Bookkeepers: Efficiency: Simplify workforce management tasks, allowing you to focus on core accounting and bookkeeping responsibilities. Accuracy: Improve payroll accuracy, minimizing errors and ensuring compliance with labor laws and regulations with Wageloch’s Award Interpreter. Savings: Save time and reduce administrative costs, thanks to intuitive and automated workforce management tools. Integrating Wageloch’s solutions with MYOB provides a powerful combination to enhance your clients’ business operations. Help them streamline their processes and improve their bottom line with Wageloch's workforce management tools! Visit the Wageloch website here to learn more about their innovative solutions.Payroll cycle
A company will change ownership on 31. December and the agreement is that all income and expenses up to that date are covered by the original owners and any income and expenses in 2025 accrue to the new owners. The Company keeps trading and the employee arrangements remain unchanged. Currently the paycycle is fortnightly and payday will fall on 22. December and 6 January. What is the best option to deal with payroll? I see Option A: do one payroll on 31. December and a second one on 6 January and then resume fortnightly. This will make allocation of expenses easy but I am not sure how this affects taxation of staff since each payroll is different from the standard fortnight set up in MYOB. In addition Super will have to be paid and calculated too for the 4th quarter 2024. Option B: Do normal paycycles and adjust between parties on settlement though this may be more difficult to sort out the details Does anyone have some advice for me?Solved30Views0likes3Comments