Intentional Accounting
HubSpot Service Hub allows teams to manage and respond to customer issues through these.
What are tickets?
This document lists all the accounts in the general ledger with their current balances
What is a trial balance?
Overtime pay must be at least this multiple of the employee’s regular rate of pay.
What is 1.5 times?
Businesses that can’t file by the deadline can request this using Form 7004.
What is an automatic extension?
Do all Holiday records require you to attach a time-off Checklist?
False
The process of contacting customers multiple times about overdue balances with no resolution will lead to this
What is the collection process?
This report shows which customers owe you money and how long the balances have been due.
What is the Accounts Receivable Aging Summary?
An employee receives this to show their earnings and deductions for a pay period.
What is a pay stub/pay check?
Overpaying for home rental days beyond the 14-day Augusta Rule limit makes the income this.
What is taxable rental income?
Rightworks was formerly known by this name before its rebrand.
What is Right Networks?
OneDrive integrates with this Microsoft app to sync company-wide document libraries.
What is SharePoint?
This QBO feature allows you to memorize and schedule recurring reports.
What are custom reports?
The process of ensuring that payroll liabilities match accounting records.
What is payroll reconciliation?
Self-employed individuals use this form to report income from freelance or contract work.
What is Schedule C?
This layer of protection requires users to verify their identity with more than just a password.
What is multi-factor authentication (MFA)?
This feature in Karbon allows you to link cloud or local storage so team members can access files directly from the workflow.
What is Connecting Folders?
These adjustments are made at the end of a period to ensure revenues and expenses are recorded in the proper period.
What are adjusting entries?
When an employee’s net pay is reduced due to a court order, it’s called this.
What is wage garnishment?
When both state and local sales tax apply, the total tax collected is called this
What is the combined sales tax rate?
Staff cannot take more than 3 days (24 hours) in the last month of the year (December) and no more than 1 leave in the last week of December.
True
Karbon’s built-in collaboration tool lets team members comment on tasks or emails.
What are internal notes (or @mentions)?
A journal entry that impacts both an asset and expense account typically records this concept.
What is amortization or depreciation?
This form must be completed by all new employees to verify eligibility to work in the U.S.
What is Form I-9?
This type of plan allows employers to reimburse employee expenses without including them in taxable wages.
What is an accountable plan?
This software auto-monitors your system to comply with our regulatory rules.
What is Teramind Stealth?