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The BMS Prime blog

Guides for running payroll, people and the books

Plain-language articles for owners, HR and finance teams: how to run payroll correctly, keep attendance honest, close the month faster and keep stock you can trust.

Accounting

Accounts receivable for small business: get paid faster

Accounts receivable for small business: payment terms, prompt invoicing, AR aging, a follow-up cadence, credit limits, deposits and DSO, with worked examples.

· 8 min read

Cash flow statement explained for small business owners

The cash flow statement explained in plain English: operating, investing and financing cash, why profit is not cash, and a worked indirect-method example.

· 9 min read

How to create a budget for a small business

Build a small business budget from last year's actuals: revenue forecast, fixed and variable costs, payroll, owner pay and a monthly budget vs. actual review.

· 9 min read

Month-end close checklist for small businesses

A practical month-end close checklist: reconcile banks and cards, review AR and AP, record accruals, payroll and inventory, check statements, lock the month.

· 9 min read

Small business bookkeeping: a step-by-step guide

A plain-English guide to small business bookkeeping: a separate bank account, a chart of accounts, receipts, invoices, bank reconciliation and a routine.

· 9 min read

Double-entry accounting for small business, explained

Debits and credits in plain words: the accounting equation, worked examples of a credit sale, a supplier payment and payroll, and the trial balance.

· 8 min read

HR

Employee onboarding checklist for small businesses

A practical employee onboarding checklist for US small businesses: before day one, day one, week one and 90 days, plus Form I-9, W-4 and new-hire reporting.

· 9 min read

Employee records: what to keep and for how long

Employee record retention for US small businesses: personnel files, payroll records, Form I-9 and medical records, with federal retention periods and sources.

· 8 min read

How to create an employee handbook for a small business

How to write an employee handbook for a small business: what to include, what to leave out, state rules, signed acknowledgments and a section outline.

· 9 min read

How to write a PTO policy for a small business

How to write a PTO policy for small business: what the law requires, accrual vs. lump-sum vs. unlimited, carry-over, payout, approvals and a sample outline.

· 8 min read

HR software for small business: a buyer's checklist

A practical buyer's checklist for HR software for small business: records, attendance, leave, payroll link, self-service, permissions, export and pricing.

· 8 min read

Attendance

Employee time tracking for small business: a practical guide

A practical guide to employee time tracking for small business: time clocks vs. timesheets, rounding, missed punches, FLSA overtime and record keeping.

· 9 min read

Biometric attendance system for payroll: stop retyping punches

How to turn biometric machine punches into payroll: matching staff, late arrivals, overtime, missing punches, shifts and a monthly workflow without retyping.

· 8 min read

Inventory

Inventory management for small business: methods that work

Practical inventory management for small business: reorder points and safety stock with a worked example, cycle counts, ABC analysis and the buying process.

· 10 min read

The purchase order process for small businesses, step by step

The purchase order process from request to payment: approvals, goods received, vendor bills, three-way match, partial deliveries and price differences.

· 9 min read

FIFO inventory method explained, with examples

How the FIFO inventory method works, with a worked example of cost of goods sold and closing stock, FIFO vs weighted average, and the mistakes to avoid.

· 8 min read

Payroll

How to Choose Payroll Software in Pakistan: 2026 Guide

A practical 2026 buyer's guide to payroll software in Pakistan: FBR tax slabs, provident fund, biometric attendance, payslips, security and vendor questions.

· 8 min read

Provident fund in Pakistan: a practical guide for employers

How a company provident fund in Pakistan works: employee and employer shares, payslip calculations, balances, withdrawals, final settlement and records.

· 9 min read

Salary Tax Calculation in Pakistan: An Employer's Guide

How salary withholding tax works in Pakistan: annual taxable salary, the FBR slab, the monthly deduction, a worked example and the mistakes employers make.

· 8 min read

Growing a business

Signs your business has outgrown spreadsheets

Seven warning signs your business has outgrown spreadsheets, what business management software for small business replaces, and how to switch calmly.

· 9 min read

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