Rachel Blakely-Gray, Author at Patriot Software Tue, 18 Oct 2022 18:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png Rachel Blakely-Gray, Author at Patriot Software 32 32 Step up Your Accounting Game With a Compound Journal Entry https://www.patriotsoftware.com/blog/accounting/compound-journal-entry/ Tue, 18 Oct 2022 15:54:00 +0000 https://pslohio.wpengine.com/uncategorized/compound-journal-entry/ alt=""If you use a double-entry bookkeeping system, you know that every account you debit requires you to credit the corresponding account, and vice versa. But what happens when the transaction affects more than two accounts? It’s time to create a compound journal entry. A compound journal entry may sound fancy, but it’s actually a pretty […]]]> Going the Freemium Pricing Route: What You Need to Know https://www.patriotsoftware.com/blog/accounting/freemium-pricing-what-is-it/ Tue, 18 Oct 2022 14:40:00 +0000 https://pslohio.wpengine.com/uncategorized/freemium-pricing-what-is-it/ alt=""When Goldilocks broke into the Three Bears’ home, she needed a bed that was just right—not too small and not too large. Likewise, when you break into the market, you need to set prices that are just right—not too low and not too high. Could freemium pricing be your “just right” strategy? So, what in […]]]> “Do You Have a Permit for That?” Business Licenses and Permits You Need to Stay Legal https://www.patriotsoftware.com/blog/accounting/business-licenses-permits/ Tue, 18 Oct 2022 14:31:00 +0000 https://pslohio.wpengine.com/uncategorized/business-licenses-permits/ alt=""If you want to operate your small company legally, you likely need some business licenses and permits. There are federal, state, and local licenses and permits you might have to apply for. It all depends on your business. So, do you know which types of business licenses and permits you need to keep things legal? […]]]> Equal Pay Laws by State https://www.patriotsoftware.com/blog/payroll/equal-pay-laws-state-act-legislation/ Mon, 17 Oct 2022 20:17:45 +0000 https://pslohio.wpengine.com/uncategorized/equal-pay-laws-state-act-legislation/ alt=""There are many laws in the workplace that govern employers and employees. You need to be sure you are in compliance with federal and state laws at all times as a small business owner. One prominent issue today is equal pay between men and women. Federal law and equal pay laws by state aim to […]]]> Roth 401(k) vs. Roth IRA: What Is the Difference? https://www.patriotsoftware.com/blog/payroll/roth-401k-vs-roth-ira-difference-between/ Mon, 17 Oct 2022 20:00:48 +0000 https://pslohio.wpengine.com/uncategorized/roth-401k-vs-roth-ira-difference-between/ alt=""Are you thinking about offering retirement plans at your small business? There are a lot of retirement options to choose from. Two common retirement plans for employees are individual retirement arrangement/account (IRA) plans and 401(k) plans. Maybe you are considering establishing a Roth, or post-tax contribution, retirement plan. What is the difference between Roth IRA […]]]> How to Manage Payroll for Small Business Owners https://www.patriotsoftware.com/blog/payroll/how-manage-payroll-small-business/ Mon, 17 Oct 2022 18:58:48 +0000 https://pslohio.wpengine.com/uncategorized/how-manage-payroll-small-business/ alt=""There’s nothing like starting your own small business. Being your own boss means you choose how to run things, and it lets you see your ideas come to life. But, you have a million and one things on your plate. You might decide to hire new employees to streamline business operations. When you become an […]]]> Use the Average Vacation Time to Build Your Business’s Policy https://www.patriotsoftware.com/blog/payroll/looking-average-vacation-time-determine-businesss-policy/ Mon, 17 Oct 2022 17:55:52 +0000 https://pslohio.wpengine.com/uncategorized/looking-average-vacation-time-determine-businesss-policy/ alt=""Do you want to give your employees paid time off from work? If you choose to offer paid vacation days as an employee benefit, you might not know how many to provide. To stay competitive, take a look at the national average vacation time. Benefits of paid vacation time  Before we dive into the average […]]]> Should You Consider Opening a Payroll Account for Your Small Business? https://www.patriotsoftware.com/blog/payroll/what-is-payroll-account-bank/ Mon, 17 Oct 2022 17:21:44 +0000 https://pslohio.wpengine.com/uncategorized/what-is-payroll-account-bank/ alt=""Keeping track of your expenses is part of being a business owner. You probably heard it said that you need a separate business bank account in addition to your personal bank account. But, you might not be familiar with a payroll account. What is a payroll account, and should you consider opening one for your […]]]> There’s More to the Cost of Firing an Employee Than Meets the Eye https://www.patriotsoftware.com/blog/payroll/cost-firing-employee-termination/ Mon, 17 Oct 2022 16:41:32 +0000 https://pslohio.wpengine.com/uncategorized/cost-firing-employee-termination/ alt=""Losing employees can be devastating for your small business. Employee turnover can drain workplace morale and cost you time and money finding replacements. What’s even worse is having to fire an employee. Read on to find out the cost of firing an employee. Firing an employee Sometimes, you might have to fire someone. Though no […]]]> What You Need to Know About a Conflict of Interest in the Workplace https://www.patriotsoftware.com/blog/payroll/how-deal-conflict-interest-workplace-business/ Mon, 17 Oct 2022 14:47:04 +0000 https://pslohio.wpengine.com/uncategorized/how-deal-conflict-interest-workplace-business/ alt=""Many different issues can come up in business. At some point, there might be a conflict of interest in the workplace. To ensure business operations run smoothly, you have to take action and do what’s best for your company.   What is an employee conflict of interest? A conflict of interest in the workplace is […]]]>