Create an account
the employee's year-to-date gross earnings from the beginning of the year through the end of each pay period
the depositing of an employee's net pay directly into his/her personal bank account; usually made through electronic funds transfer
a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
Employee earnings record
a business form used to record details affecting payments made to an employee
the cash spent or assets consumed to earn revenue for a business; operating expenses do not include federal income tax expense
employers are required to pay overtime when employees covered by these laws work more than 40 hours per week
Statement of retained earnings
a statement that reports the changes that have taken place in the retained earnings account during the fiscal period; prepared as a supporting document for the balance sheet
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