Blog
20 Tips for Making Your Payroll Process More Efficient
#1: Keyboard Shortcuts Know your keyboard shortcuts! This is a great tool that’s underutilized and saves time. Here are a few examples. Press Alt + I to quickly jump to time entry. When in time entry, press Alt + C to create a duplicate timecard for the selected...
Five Strategies to Preserve and Improve Cashflow
Lone Oak Payroll’s CRO Kevin Standa offers advice and insight on approaches staffing agencies can take to maintain and improve cashflow. In times of economic crisis, preserving good cashflow can make the difference between a company weathering the storm and going...
3 Ways to Grow Your Staffing Agency with Payroll Funding
Growing your staffing agency can be an uphill battle when it’s a candidate’s market. Payroll funding can offer you additional resources to effectively grow your staffing agency in this competitive environment. With payroll funding (also known as invoice factoring),...
Key Questions to Ask When Choosing a Payroll Company
At some point in the business life cycle, Staffing companies of all sizes determine that it is more efficient and cost-effective to outsource payroll to a third party. Once you've taken that leap, how do you decide which payroll company will fit your needs?...
Staffing Agency Profit Formula: How to Mark Up Bill Rates to Maintain a Healthy Margin
Director of National Sales at Lone Oak Payroll and TempWorks Software, Claudette Dunlap, provides insight into best practices on how to set bill rates to maximize profitability.* There is no “one size fits all” formula when it comes to marking up bill rates for...
Four Tips to Prepare for Year End at Your Staffing Agency
With the new year quickly approaching, it’s time to revisit some best practices that will maximize your staffing agency’s efficiency and minimize errors in the year-end process. Ariel Peterson, our tax manager, offers some...
How to Prepare Early for Year-End at Your Staffing Agency
Even though year-end is months away, it’s never a bad idea to double check that your staffing agency has all the pieces in place to make sure the year-end filing and printing is a smooth process. The Lone Oak Payroll tax manager, Ariel Peterson, provides some...
How to Improve Emotional Intelligence in the Workplace
Teams and employees with high emotional intelligence (EI) often give businesses greater adaptability and innovation, leading many employers to look for high EQ (emotional quotient) in potential job candidates. But it’s also crucial that employers, managers, and...
Payroll Funding and Invoice Factoring: What’s the Difference?
Within the staffing industry, you may hear the terms payroll funding and invoice factoring being used interchangeably. This is because they refer to the same process. But while we can apply the term invoice factoring to any industry, the term payroll funding is...