No. You have a joint account with another person, they have full ownership rights just like you do. You should get your own account in your name only.
Payroll expenses account goes to Profit & Loss account while Payroll payable is a Balance Sheet Liability item... Journal entry:Payroll Expense Account - DR ...........(P&L)Payroll Payable Account - CR ............(B/S)
Payroll expense is a nominal account and as it is expense account so like all expense accounts it also have debit account.
Debit payroll expense credit cash account
As per the payroll solutions, an organization with atleast 50 employees can have a Payroll account with emirates islamic bank. Along with this, atleast 40% of the emloyees shoud have a salary above 3000 AED.
Yes, it is against the law to write any check knowing that there are not sufficient funds to cover the amount. If you have been given a payroll check that was not good then you can appeal to the labor board in your city/state to recover the amount plus damages (any bank fees you incur etc.).
The Sage payroll card is basically the same thing as a direct deposit account. An employer, rather than depositing an employee's paycheck in a bank account, can deposit the money into a Sage payroll card. The employee will just have to complete an authorization form to begin this service.
Payroll service typically works through a method of deposit to an account of your choice. You should talk to your employer for more detailed explanations.
Yes ----- usually by a court order. Also by statuate and taxing authorities
Is No. 1 - Forgery and No. 2 - Not Possible. you can only cash checks that are payable to your name/account.
A payroll system is a computerized technique that is used to calculate the sum of salaries employees who need to be paid in an organization. The name, address, Social Security number and the bank account numbers are the key elements in a payroll system. This method saves time.
Yes. The account is considered a joint account and both individuals can deposit as well as withdraw funds from the account. There is no restriction as to the individual or individuals with whom one can make a joint account.
Banking = holds an active account at a bank. Normally used in relation to depositing or cashing payroll checksNon-Banking = Does not hold an active or open account at a bank. Normally referred to when one is cashing payroll checks at a check cashing location.