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In General,what Should an Employer Do Whenever an Employee Leaves

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In general,what should an employer do whenever an employee leaves the firm?

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Definitions:

Receiving Payment

The process of collecting money from customers or clients in exchange for goods or services rendered.

Notes Payable

Short-term or long-term liabilities representing amounts owed by a business, documented by a formal promissory note.

Accounts Payable

Liabilities owed by a business to its suppliers or creditors for goods and services purchased on credit.

Note Payable

A written promise to pay a certain amount of money at a future date, often including interest.

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