If you fund your bonuses yourself, you’ll see a decrease to cash and a corresponding increase in receivables. When an employee vests as to a milestone, you’ll incur a payroll expense, and see a decrease to receivables in that amount. At this time, you should make a payroll tax contribution. If Keep Capital is funding the bonus, then you will see an increase in your liabilities (to Keep). The foregoing does not include the Keep fees associated with using our platform, for which you’ll incur an expense.
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Articles in this section
- Verifying a bank account using Micro-Deposits
- Bonus statuses on Keep
- How are collections handled?
- How can I educate my employees and potential hires on how Keep works?
- What happens in the event of death/disability of an employee that receives a Keep Bonus?
- How do Keep Vesting Cash Plans impact my financial statements?
- How are taxes handled on a Vesting Cash Bonus?
- How are the vesting milestones tracked?
- How long does it take Keep to process payments to the employees?
- How do I fund my Keep Vesting Cash Plans?