Commission moves to prepay one payroll week to avoid a large lump payroll holdback
Commission authorized a plan to record a prepaid payroll week on the balance sheet rather than make a single, large cash holdback, and directed finance to recapture amounts when employees separate.
The full story
Sumner County commissioners approved a staff recommendation to manage a required payroll holdback by recording one payweek as a prepaid liability on the balance sheet and capturing amounts when employees leave, rather than paying a single lump sum now.
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