A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Quick Oracle Question - NewOTIer

Posted: Feb 16, 2011

I know when our invoices are due, but on what days of the month do we get paid?

TIA to anyone who can answer!

Do you still have to submit an invoice with Bayscribe? As for pay dates, I thought sm - LTMT

[ In Reply To ..]
the paperwork said at least 7 days after the end of the pay period, but usually before. Hope this helps. I train tomorrow, so I haven't even started yet, so maybe someone else can be of more assistance.

Yes, the IRS requires an invoice. - nm

[ In Reply To ..]
d

Well, someone is in trouble then. I have worked for a small MTSO in PA for sm - LTMT

[ In Reply To ..]
about a year now and she uses Bayscribe and I have never submitted an invoice. It doesn't matter -- invoices are one of the few things I am confident I can do (ha), and Bayscribe does everything for you. Thanks for letting me know about the IRS thing ... wasn't aware of it.

I worked for MDI-MD for over a year and never submitted one either - Different places may have different rules

[ In Reply To ..]
NM

They were not IC, statutory emp. different situation. - nm

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zzzzzzz

Youre absolutely correct, I forgot about that - Thanks! (NM)

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:-)

I'm an IC using Bayscribe and do not have to submit an invoice. sm - LTMT

[ In Reply To ..]
It sounds more like it is just a requirement for OTI and their bookkeeping or whatever, which is fine. It seems an unnecessary step since they already have the information, but I'm happy to do whatever gets me paid. :-)

Like above poster said "then somebody is in trouble" - sm

[ In Reply To ..]
Go to this site and look at page 6 and see part D under Payment Processing.

You might want to let your MTSO know that.

Could you let us know how it goes for you! - dmt

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I would be interested in how your training turns out for OTI. Good luck!

Sure ... I am already using Bayscribe, so I am hoping it goes relatively fast (and smoothly). sm - LTMT

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Thanks for the well wishes. Did you decide to give them a try? I am a little nervous about the posts I saw about them running out of work, but since this is just part time for me, I'm hoping it will be okay.

LTMT - dmt

[ In Reply To ..]
I think I will try them part time, waiting for a bit more info but probably will try it out.

Good luck LTMT - sm

[ In Reply To ..]
Word has it that the work load has dropped down drastically within the past day or two, so I am thinking that they probably overhired again. They've been notorious for doing this exact same thing in the past. I do hope it'll work out for you though, especially since it's only part-time. I guess I'd worry more about those who are full-time and counting on this to pay the monthly bills.

Thanks. She did say there was a new account coming on at the end of the month, but sm - LTMT

[ In Reply To ..]
I have heard that "song" at SS, so I guess I'll just take it as it comes. I wish I could have just one job and be secure and know that it will take care of all of my needs, but anymore and with my recent experiences, it seems it takes 3 jobs to make it ... sad, but true.

I hope things get better for all of us. :-)

You will usually get your check/direct deposit about 3-4 days - after the 15th or the 30th sm

[ In Reply To ..]
You will get an e-mail telling you when the checks and direct deposits have gone out.

Thanks so much for the info...I appreciate it! - NewOTIer

[ In Reply To ..]
Thank you!!!

Don't forget to do your own withholding for the IRS - IC paychecks

[ In Reply To ..]
As an IC nothing will be withheld from your paycheck for taxes or Social Security, so don't forget to set that aside from each of your paychecks yourself. Otherwise, you'll find yourself in a boat load of trouble come tax time when you owe all that money, but haven't set it aside. Depends on your own tax situation, but I usually set aside about 25% from each of mine.

As with most companies, it usually takes the first pay period to get your direct deposit set up. So you'll get a paper check in the mail for your first check, and then after that it will be direct deposited.

End of the pay periods are the 15th and the last day of the month. At OTI, they will send out an email letting you know when the direct deposits have been made.

Got my pay check today, 2 days after close of pay period - Relieved

[ In Reply To ..]
E-mail went out yesterday saying checks were being mailed yesterday and DDs should be in bank accounts Friday. I live near their office and my check was in my mailbox today.

Wow .. that's really fast! That is good to know. Thanks. nm :-) - LTMT

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x

Indeed! The lady that does payroll doesn't mess around! nm - Relieved

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x

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