Accounting Tools

APRIL 7, 2024

Most liabilities fall into this category. A reserve for any warranty liability associated with sales, for which warranty claims have not yet been received. These are due for settlement in less than one year. Accounts payable. Invoiced liabilities payable to suppliers. Warranty liability.

General Ledger 75

General Ledger Payroll Deposits Invoicing 75

Accounting Tools

AUGUST 5, 2023

For example, if a zoo receives donations that are intended solely for animal exhibits, then the cash is recorded within the fund for animal exhibits, and cannot be spent on any other activities, such as general maintenance. The governmental fund category includes the following funds: Capital projects funds. Debt service funds.

Accounting 74

Accounting Accounting Budgeting Auditing 74

Counto

JANUARY 11, 2024

Types of Employment Passes (EP) Available Singapore offers three primary categories of Employment Passes to cater to varying skill levels and industries: Employment Pass for Professionals: This is the most common type, designed for mid- to high-skilled professionals. Receive the In-Principle Approval (IPA).

Payroll 52

Payroll Financial Services Tax Accounting 52

Counto

FEBRUARY 3, 2024

Accounts Payable vs. Accounts Receivable: What’s The Difference? In the world of business finance, managing your accounts payable (AP) and accounts receivable (AR) is vital for maintaining a healthy financial outlook. When to Use Accounts Receivable Accounts receivable helps businesses track pending payments from customers.

Accounts Payable 52

Accounts Payable Accounts Payable Accounts Receivable Accounts Receivable 52

Accounting Tools

SEPTEMBER 6, 2023

Typically, a collections manager estimates the amount of bad debt by guesstimating which specific invoices will not be paid, or by estimating the amount of losses that will arise from each 30-day time bucket in the aged accounts receivable report. Neither method is especially accurate. 103,000 Medium high 4,605,000 2.9%

Collections 40

Collections Invoicing Accounts Receivable Accounts Receivable 40

Accounting Tools

APRIL 14, 2024

They are usually charged to expense as incurred, in which case the supplies expense account is included within the cost of goods sold category on the income statement. If so, the following journal entry shows the initial recordation of these supplies when they are received.

Accruals 40

Accruals Accounts Payable Accounts Payable Accounting 40

Accounting Tools

NOVEMBER 24, 2023

Quality costs fall into four categories, which are noted below. In addition, the order entry department may have incorrectly entered a customer order, so that the customer receives the wrong product. Related Articles Benefits of Total Quality Management Quality at the Source Total Quality Control Total Quality Management

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Accounting Tools

JUNE 8, 2023

Operating activities refer to the primary revenue-generating activities of an entity, such as cash received from the sale of goods or services, royalties on the use of company-owned intellectual property, commissions for sales on behalf of other entities, and cash paid to suppliers.

Financial Statements 40

Financial Statements Accruals Tax Accounting 40

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. Related Articles Accounts Payable Controls (podcast) Expense Report Controls (podcast) Procurement Card Controls (podcast)

Accounts Payable 75

Accounts Payable Accounts Payable Purchase Order Accounting 75

Counto

JANUARY 9, 2024

You will need your UEN and must provide details of a primary and secondary contact person who will receive official correspondence from the Singapore Customs. Typically, you will receive notification of the application outcome within 4 working hours. Let the pro team at Counto help set up your business in Singapore quickly.

Tax 52

Tax Accounting Accounting 52

Nanonets

JANUARY 25, 2024

Areas of focus include P2P, AP,  Accounts Receivable (AR), Payroll and Shared Services. Global business services, shared services, procure-to-pay, order to cash, record to report, and tax organizations are areas of focus, where it shares best practice tips through webinars, articles, white papers and more.

Accounts Payable 52

Accounts Payable Accounts Payable AP AR 52

Accounting Tools

MAY 21, 2023

Related Courses How to Audit Cash How to Audit Fixed Assets How to Audit Inventory How to Audit Receivables How to Conduct an Audit Engagement What are Management Assertions? Management assertions are claims made by members of management regarding certain aspects of a business.

Auditing 75

Auditing Financial Statements General Ledger Accounting 75

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

Counto

JANUARY 28, 2024

This step is crucial to receive payments from your sales. Optimise Product Listings and Categories Accurate Product Information: Provide clear product titles, detailed descriptions, and high-quality images that showcase your products. Always keep your linked bank account details up-to-date to avoid payment issues.

Bookkeeping Services 52

Bookkeeping Services Payroll Budgeting Bookkeeping 52

Counto

JANUARY 6, 2024

Overseas foreign professionals must have received their last salary within six months prior to their application. You do not qualify for the PEP if you fall into any of the following categories: An Employment Pass holder sponsored by a company. If it’s not registered, you can do so after receiving the application outcome.

Collections 52

Collections Financial Services 52

Atlassian

MARCH 31, 2022

Trying to be too nice when delivering feedback can confuse the receiver. Related Article. If you find that you’re checking off any boxes in the first category (hey, we’re all human) you may want to defer feedback until a later time when you’re in a more effective mindset. 5-second summary. The direct approach is best.

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Counto

JANUARY 16, 2024

Has not previously received funding from another government organisation for the same business idea. Through Startup SG Tech, companies may receive the opportunity to secure initial funding for the advancement of their proprietary technology towards commercialisation. Have completed entrepreneurship training. Your solution should: 1.

Collections 52

Collections Accounting Accounting 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

Accounting Tools

AUGUST 5, 2023

Conversely, if a company has powerful suppliers, they can insist on quite rapid payment terms, so that the company has to pay its suppliers before it has received any money from its customers. The supplier problem is especially acute in the areas of employee compensation, payroll tax remittances, rent payments, and insurance payments.

Accruals 40

Accruals Financial Statements Payroll Tax 40

Spenmo

NOVEMBER 8, 2022

In this article, we address the top 5 accounts payable challenges and how you can overcome them with expense management solutions. It can also track transactions made with it in real-time so that it can be matched accordingly to a particular merchant, vendor or expense category. Read on to find out more.

Accounts Payable 52

Accounts Payable Accounts Payable Accounting Accounting 52

Accounting Tools

NOVEMBER 2, 2023

How to Use an Account Statement When you receive an account statement, always review it for accuracy. In particular, a checking account statement is useful for tracking the amount you spent in the past month, which you can aggregate by category and then compare to your budget for that period.

Accounting 40

Accounting Accounting Billing Record Keeping 40

Counto

JANUARY 10, 2024

It’s a win-win situation, as companies can enhance the skills of their workforce while receiving financial support from the government. Here are some articles you might find helpful: Startup Tax Exemption Scheme (SUTE) Choosing the right accounting software The post What is Absentee Payroll in Singapore?

Payroll 52

Payroll AP Collections Accounting Software 52

Stephanie Peterson

AUGUST 8, 2022

You will also need to organize existing categories by their current profitability. Less profitable categories should receive the most significant price increases. Then you will need to rank them by how easy or difficult it will be to increase their prices.

Virtual Bookkeeping 52

Virtual Bookkeeping QuickBooks Financial Reporting Bookkeeping Services 52

Nanonets

JANUARY 17, 2024

Also, we will describe the steps of creating an expense report, types of expense reports, categories of expense reports, and finally see how we can automate expense report generation using automation and artificial intelligence. The manager receives the report and checks it for accuracy and any policy breaches or false claims.

Expense Reports 52

Expense Reports Budgeting Account Reconciliation Accounts Payable 52

Nanonets

FEBRUARY 15, 2024

RFI Responses: Received: Responses from 8 out of 10 suppliers. RFP Responses: Received: All 8 suppliers respond with their bids. Delivery and Inspection Process: Upon receiving the machinery, the receiving department checks the shipment against the PO and the Supply Agreement.

Purchase Order 52

Purchase Order Invoicing Budgeting Collections 52

Counto

JANUARY 17, 2024

To be eligible for the EDG, companies must: Be registered and operating in Singapore Have a minimum of 30% local shareholding Be financially capable of starting and completing the project How much grant support can I receive? The specific project categories may have additional eligibility conditions. Is there a cap on funding?

Financial Statements 52

Financial Statements Auditing Billing Accounting 52

Accounting Tools

AUGUST 27, 2023

Once the SEC receives the form, its staff has 30 days in which to review the document – which it will, and in excruciating detail. The company is now listed on a stock exchange, has registered shares that are being traded among investors, and has presumably just received a large amount of cash for its efforts.

Collections 40

Collections Financial Statements Accounting Accounting 40

Nanonets

DECEMBER 19, 2023

  E-sourcing tools fall within the category of source-to-pay (S2P) software, but outside procure-to-pay (P2P) systems that start after the sourcing process is completed.  See Nanonet’s blog article for the differences in RFQ vs. RFP.  Some eSourcing tools include automated vendor scoring and evaluation.

Purchase Order 52

Purchase Order Data Entry AP Budgeting 52

Outsourced Bookeeping

NOVEMBER 6, 2023

This article highlights six vital tax principles and tax saving strategies aimed at empowering beginners to navigate the types of tax planning and tax landscape with confidence. Tax Planning As Small Business Owners: Small company owners need to manage their finances effectively, and tax preparation is essential to this process.

Tax 52

Tax Outsourced Bookkeeping Record Keeping Accounts Payable 52

Outsourced Bookeeping

OCTOBER 26, 2023

This article will examine 8 useful bookkeeping stratergies that every owner of a small business ought to be aware of. Firstly, it speeds up the payment cycle to make your payments faster received. In essence, this chart is a detailed description of all the accounts or categories you use to organize your financial operations.

Bookkeeping 52

Bookkeeping Outsourced Bookkeeping Small Business Bookkeeping Data Entry 52

Accounting Tools

MARCH 19, 2024

Assign the base unit to the most appropriate asset class for which there is a general ledger category (such as furniture and fixtures, office equipment, or vehicles). The manager of the department receiving the asset also signs the form, to acknowledge receipt. If it does not, then charge the expenditure to expense as incurred.

General Ledger 40

General Ledger Auditing Computation Accounting Software 40

Counto

JANUARY 10, 2024

To proceed, click the “Acknowledge and Upload” button, and upon successful upload, you’ll receive a confirmation message stating, “Your XBRL file has been successfully uploaded.” Trade and other receivables. These statements remain valid for a duration of up to 14 days. Share capital.

Financial Statements 52

Financial Statements Microsoft Excel Financial Reporting Data Entry 52

Counto

JANUARY 18, 2024

Appendix 8A : This form should be completed for employees who receive benefits in kind. Partner Employed Under a Contract of Service : If you are a partner and you are employed under a contract of service with your firm, you are eligible to receive CPF contributions from the firm as an employee.

Payroll 52

Payroll Deposits Tax Accounting 52

Jetpack Workflow

SEPTEMBER 21, 2023

When you’re already busy running a growing accounting firm, you probably don’t need another article covering the essential accounting tools every firm needs. PandaDoc PandaDoc lets you design, send, and receive e-signatures on client proposals. We’ll cover each software solution in more detail in this guide.

Accounting 59

Accounting Accounting Billing QuickBooks 59

Accounting Tools

AUGUST 31, 2023

Cash flow is the net amount of cash that an entity receives and disburses during a period of time. The bulk of all cash flows will likely be reported within this category. A key source of cash flow uncertainty is the timing of cash receipts from accounts receivable.

Accruals 75

Accruals Financial Statements Accounts Payable Accounts Payable 75

Compleatable

MARCH 15, 2023

B) Under paragraph 3 of Article 28 to the General Data Protection Regulation (EU Regulation 2016/679, GDPR) the Customer is required to put a written agreement in place with any organisation which processes Personal Data on its behalf governing the processing of that data. (B) OPERATIVE PROVISIONS 1 Definitions and Interpretation 1.1

Collections 100

Collections Auditing Accounting Accounting 100

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. Some claims even take longer to process because finance teams receive several expense reports daily.

Expense Reports 52

Expense Reports Budgeting Account Reconciliation Deposits 52