Counto

FEBRUARY 7, 2024

For employers, understanding the intricacies of this system is paramount to compliance and effective human resource management. Certain categories, such as business owners of sole proprietorships or partnerships, are excluded from the calculation. Discover a smarter way to outsource your accounting with confidence.

Computation 52

Computation Financial Services Tax Accounting 52

Counto

APRIL 15, 2024

This guide is designed to simplify the CPF obligations for employers and provide actionable insights to manage these responsibilities effectively. Managers, agents, or persons responsible for paying wages on behalf of the employer. Employee Trust: Transparent adjustments reflect good management practices, fostering trust.

Payroll 98

Payroll Billing 98

Counto

FEBRUARY 3, 2024

In the world of business finance, managing your accounts payable (AP) and accounts receivable (AR) is vital for maintaining a healthy financial outlook. Managing accounts payable involves your accounting and finance teams overseeing the receipt of invoices and ensuring timely payments are made to avoid penalties or late fees.

Accounts Payable 52

Accounts Payable Accounts Payable Accounts Receivable Accounts Receivable 52

Accounting Tools

AUGUST 5, 2023

Related Courses The Income Statement The Interpretation of Financial Statements The Statement of Cash Flows Profit is not the same as cash. A business may report robust profits , and yet be quite short of cash. The problem is that revenue may be earned well in advance of the related cash receipt.

Accruals 40

Accruals Financial Statements Payroll Tax 40

Less Accounting

JUNE 20, 2023

In this article, we will explore the benefits of using a chart of accounts template for your ecommerce business, factors to consider when choosing a template, and how to customize and maintain your chart of accounts. Depending on your industry, there may be specific accounts or categories that are necessary for accurate financial reporting.

Financial Reporting 52

Financial Reporting Accounting Accounting Accounting Software 52

Accounting Tools

FEBRUARY 8, 2024

The more common categories of insurance company include the types noted below. Related AccountingTools Courses Business Insurance Fundamentals Enterprise Risk Management An insurance company may also be classified by the type of insurance services that it offers. Related Article Underwriting

Financial Services 40

Financial Services 40

Spenmo

NOVEMBER 1, 2022

Many companies rely on credit cards to facilitate business transactions because they are faster and easier to use than physical cash or checks. In this article, you will learn how your company's finances can benefit from using business virtual cards in day-to-day transactions.

Petty cash 52

Petty cash Budgeting Expense Reports Financial Reporting 52

Outsourced Bookeeping

OCTOBER 26, 2023

Careful management of a small business’s finances is essential for financial health. With appropriate tactics and a couple of bookkeeping tricks, small company owners incur minimum costs and save a lot of time in managing their finances. Nevertheless, the work does not have to be hard.

Bookkeeping 52

Bookkeeping Outsourced Bookkeeping Small Business Bookkeeping Data Entry 52

Accounting Tools

FEBRUARY 5, 2024

Payables controls are aggregated into three general categories, which are verifying the obligation of the business to pay, entering the payables data into the computer system, and paying suppliers. By doing so, there is a cross-check on the issuance of cash. Otherwise, checks can be stolen and fraudulently filled out and cashed.

Accounts Payable 75

Accounts Payable Accounts Payable Purchase Order Accounting 75

Accounting Tools

AUGUST 31, 2023

Related Courses The Statement of Cash Flows Working Capital Management What is Cash Flow? Cash flow is the net amount of cash that an entity receives and disburses during a period of time. The time period over which cash flow is tracked is usually a standard reporting period, such as a month, quarter, or year.

Accruals 75

Accruals Financial Statements Accounts Payable Accounts Payable 75

Accounting Tools

AUGUST 27, 2023

The SEC staff is in absolutely no hurry to assist a company with its IPO; consequently, this question-and-answer process may require a number of iterations and more months than the management team would believe possible. This is preferable if the company is targeting raising a certain amount of cash. Overallotment.

Collections 40

Collections Financial Statements Accounting Accounting 40

Accounting Tools

JUNE 14, 2023

Related Courses How to Audit Cash How to Audit Equity How to Audit Fixed Assets How to Audit Inventory How to Audit Liabilities How to Audit Receivables How to Conduct an Audit Engagement What are Substantive Procedures? Substantive procedures are included in the audit plan around which an audit is structured.

Auditing 40

Auditing Financial Statements Purchase Order Accounts Payable 40

Nanonets

DECEMBER 19, 2023

  💡 According Gartner: “ Sourcing and procurement leadership must invest in supplier risk management, digitalization, future of work and post pandemic recovery. They enable your company to keep track of vendors and ensure best practices in global supplier management. 

Purchase Order 52

Purchase Order Data Entry AP Budgeting 52

Stephanie Peterson

AUGUST 8, 2022

Now is a crucial time for businesses to utilize strategies to protect their cash flow and profits by making pricing adjustments to factor in inflation. You will also need to organize existing categories by their current profitability. Less profitable categories should receive the most significant price increases.

Virtual Bookkeeping 52

Virtual Bookkeeping QuickBooks Financial Reporting Bookkeeping Services 52

Spenmo

NOVEMBER 8, 2022

In this article, we break down the know-how. These include items such as your cash, inventory, supplies, accounts receivable, buildings, machinery, and prepaid expenses. Depending on the complexity of your business nature, you may need a more detailed asset category. So, how do you write a balance sheet?

Account Reconciliation 52

Account Reconciliation Financial Statements XERO Accounts Payable 52

Nanonets

MARCH 4, 2024

However, managing this process is fraught with challenges. The landscape of expense reimbursement is intricate, blending financial management with the delicate dynamics of employee satisfaction and organizational trust. Cash Flow Issues Sometimes, delays are due to cash flow problems within the company, further delaying reimbursement.

Expense Reports 52

Expense Reports Record Keeping Budgeting Data Entry 52

Nanonets

NOVEMBER 14, 2023

In this article, we shall look at how E-Procurement works and discuss its benefits.   Unlike E-Commerce, E-Procurement operates within a closed system accessible only to registered users, typically managed by a chief procurement officer or department. Provides a centralized platform for managing bids from various suppliers.

Purchase Order 52

Purchase Order Vendor Management Invoicing Collections 52

Less Accounting

JUNE 15, 2023

In this article, we’ll cover everything you need to know about bookkeeping for marketing agencies, from tracking income and expenses to generating financial reports and using financial data to make informed decisions. As you track your agency’s income and expenses, it’s important to keep an eye on your cash flow.

Bookkeeping 52

Bookkeeping Record Keeping Financial Reporting Budgeting 52

Spenmo

NOVEMBER 3, 2022

This article will discuss some challenges of company expense policy implementation and the steps in creating an effective expense reimbursement policy. Employees must file their reimbursements one by one and wait for their manager and the finance team to review and approve their claims.

Expense Reports 52

Expense Reports Budgeting Account Reconciliation Deposits 52

Nanonets

APRIL 14, 2023

In this article, we'll look at how you can use ChatGPT in accounting to help simplify tedious tasks, generate financial projections quickly, create accurate audit reports, assist with invoice processing and expenses, and manage client communications effectively. on Capterra and G2. Try Nanonets today.

Data Entry 52

Data Entry Financial Reporting Accounting Accounting 52

Intuit

NOVEMBER 20, 2023

That’s what we will discuss in this article. They then let management know how much money is available and create a budget to sustain profitability. These platforms simplify the lives of our customers financially by providing accurate and convenient online financial management. Let’s get started! What is a CPA?

CPA 130

CPA Bookkeeping QuickBooks Tax 130

Nanonets

JUNE 17, 2023

This article will provide an in-depth understanding of account reconciliation, its benefits, and how businesses can leverage technology to automate the process. ​​Common account reconciliation discrepancies can usually be classified into three main categories: timing differences, missing transactions, and transaction errors.

Account Reconciliation 52

Account Reconciliation General Ledger Accounting Accounting 52

Accounting Tools

JUNE 19, 2023

The team should peruse these documents and compare them to the company’s actual performance and activities, to see if the management team is capable of implementing its own plans. If it involves a large number of disparate subsidiaries that deal with many products and services, it may be too difficult for the acquirer to manage the operation.

Financial Statements 73

Financial Statements Auditing Tax Accounts Payable 73

Nanonets

JUNE 21, 2023

In this article, we will explore the process of reconciliation and discuss the steps. In the financial context, it involves comparing various financial records, such as bank statements, cash registers, invoices, and receipts, to identify any discrepancies or inconsistencies. What is Reconciliation?

General Ledger 52

General Ledger Reconciling Financial Records Account Reconciliation 52

Nanonets

APRIL 24, 2023

The use of OCR in the banking sector falls under two categories – usage by banks and usage by customers and other business entities.  Banks Interest earned on the account Service fees and penalties charged against the account Funds are withdrawn from the account in the form of cash, cheques, etc. No hassle platform.

Deposits 52

Deposits Data Entry Invoicing Computation 52

Future Firm

AUGUST 22, 2022

Looking for the best accounting practice management software for your firm? Good news, because this is the ULTIMATE accounting practice management software round-up post. Get to know the top accounting practice management software and why it is essential for your business. The Basics of Accounting Practice Management Software.

Accounting 105

Accounting Accounting QuickBooks Accounting Software 105

Jetpack Workflow

MARCH 21, 2023

While accounting software has significantly helped businesses manage bookkeeping tasks, not every business can afford the subscriptions, let alone the cost of training and retaining a bookkeeper to enter and maintain data in the software. In this article, we will help you identify whether spreadsheets are an ideal choice for you.

Bookkeeping 52

Bookkeeping Bank Reconciliation Reconciling Accounting Software 52

Accounting Tools

JUNE 7, 2023

Related Courses Budgeting Capital Budgeting Effective Sales Forecasting Effective Sales Management What is a Sales Budget? The sales budget is also used to give managers a general sense of the scale of operations, for when they create the overhead budget and the selling and administrative expenses budget.

Budgeting 40

Budgeting 40

Accounting Tools

SEPTEMBER 11, 2023

Typical trend lines are for revenue , the gross margin , net profits , cash , accounts receivable , and debt. Creditors Anyone who has lent funds to a company is interested in its ability to pay back the debt, and so will focus on various cash flow measures. Cash coverage ratio. The general groups of ratios are noted below.

Financial Statements 40

Financial Statements Financial Analysis Accounts Receivable Accounts Receivable 40

Accounting Tools

OCTOBER 13, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management Salaries expense is the fixed pay earned by employees. Related Articles Gross Salary Net Salary The Difference Between Salary and Wages The expense represents the cost of non-hourly labor for a business.

Payroll 40

Payroll Accruals Auditing Accounting 40

Nanonets

JUNE 29, 2023

Expense management is a critical aspect of running a business efficiently. But managing and tracking expenses manually can be time-consuming and prone to errors, leading to inefficiencies and financial discrepancies. In this article, we will explore the top 15 expense management software available in the market.

Expense Reports 52

Expense Reports Data Entry Invoicing Budgeting 52

Nanonets

FEBRUARY 6, 2024

This article provides the most comprehensive guide to intercompany reconciliation and how automation can help you save time & cost! This article will focus on the first two steps - Data Collection & Reconciliation. Don’t forget to document this discrepancy, get management approval, and reference it through the statement.

General Ledger 52

General Ledger Financial Statements Reconciling Collections 52

Future Firm

APRIL 4, 2022

It could be your comments on a recent new tax credit, it could be articles you share that you think group members might be interested in, or any variety of that. What does their cash flow look like and do they have a lot of accounts payable? You might also enjoy this article comparing the 12 most popular systems on the market).

Bookkeeping 98

Bookkeeping Bookkeeping Services XERO QuickBooks 98

Accounting Tools

JULY 12, 2023

This level of detailed reporting may be employed for internally-generated financial statements, so that managers can take action to address any excessive discounts from gross sales. These transactions are clustered into the general categories of sales allowances, sales returns, and sales discounts, which are discussed below.

Financial Statements 40

Financial Statements Accounts Receivable Accounts Receivable Account Receivables 40

Nanonets

MAY 8, 2023

Leveling up your skills, managing customer and vendor relationships, and – perhaps most critically – keeping exact records of your transactions. In this article, we will walk through answers to all these questions and more, so you can begin your business bookkeeping journey with confidence. Numbers scare some people.

Bookkeeping 52

Bookkeeping Financial Statements Accounting Software Reconciling 52

Cloud Accounting Podcast

MARCH 30, 2020

I saw another article with a- and we talked about this cell phone data. I mean, you can read the article and tell me what you think. What do they think? David Leary: [00:11:16] What caught my eye about this is because the billionaire that was quoted in the article. This is an article that was on Bloomberg.

Accounting 40

Accounting Accounting Payroll Billing 40

Cloud Accounting Podcast

APRIL 6, 2020

If you have clients that are architects, engineers, consultants, or lawyers, Core is the app for them to best manage their firm, increase their staff productivity, and ultimately increase their profits. Core is an all-in-one app for project management, including time and expense tracking, budgets, forecasting, client billing, and accounting.

Payroll 40

Payroll QuickBooks Tax Bookkeeping 40