article thumbnail

What is Payroll Accounting & How to automate it?

Nanonets

Implementing the necessary procedures to maintain records and promote accuracy within your payroll function relies on creating an effective payroll accounting system. These regulatory agencies control the amount of taxes withheld, how benefits and garnishments are paid and record retention requirements.

Payroll 52
article thumbnail

What is document workflow management?

Nanonets

Document workflow management procedures exist in most companies, but their formality varies. Automated records retention schedules and easier classification and storage of documents help meet strict security and privacy guidelines. Managed documents can also be tagged for automated alerts.