Do you have concerns about using AI in the office place? Here are a few things to keep in mind. Pro: Efficiency | Con: Dependency on Technology  While there is truth about the efficiency of AI doing repetitive, simple tasks for you in the office (taking notes, writing a simple email, etc.) there is also the inconvenience of relying on technology to take care of these simple tasks. And we all know how it feels when technology fails us. There is also the concern that AI will cause employees to rely too heavily on it for decision-making and ideas causing them to lose their own creative and unique solutions and ideas. One thing AI is not, is unique- but your business is! So, when you are using AI for simple office tasks, take into consideration what you might lose in the long run and weigh if that is worth it to your business.

Did you know that there is a minimum wage in our state? The minimum wage in PA is $7.25 per hour matching the federal minimum wage set in 2009. However, the minimum cash wage for tipped employees is $2.83 per hour. There are certain professional, administrative and executive roles that are exempt from minimum wage and overtime requirements if they meet specific salary and duty tests. As of now legislative proposals are ongoing to increase this rate. If you would like more information regarding this, please contact our payroll department.

You may have noticed that when you view your chart of accounts, there is a column for “QuickBooks Balance” and one for “Bank Balance” , and they don’t match. That does not necessarily mean that your QuickBooks balance is incorrect. QuickBooks (QB) registers records, checks, and deposits as soon as they are entered , whereas the bank balance is only affected when the check or deposit actually clears the bank. These are often checks that have been written in QB that haven’t cleared the bank (outstanding checks), or deposits that have been recorded in QB that haven’t cleared the bank (deposits in transit). The only way to verify that your QB balance is correct is to do a “Bank Reconciliation” in QuickBooks. For more information on how to perform a Bank Reconciliation or to get help with your Bank Reconciliation, feel free to contact our QBO Bookkeeper!