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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Chapter 12
Hiring and Paying Employees
In This Chapter
• Staffing needs
• Reporting hires
• Setting wages
• Choosing a pay period
Before an employee steps through the door of your business, you need to put some key procedures in place. Even if you have a person designated to handle employees, the human resources staff and accounting staff need to coordinate the hiring process to be certain that all procedures meet both staffs’ needs.
Deciphering complex payroll and staffing rules is no picnic. The accounting department needs to be certain that requirements are met for reporting to government entities and that all the required government tax forms are filled out relating to a new hire. Wage guidelines and pay periods also need to be established. ...

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