Counto

FEBRUARY 17, 2024

SkillsFuture Credit Top-Up : Eligible mid-career workers will receive a significant boost to their SkillsFuture credits, with an additional S$4,000 allocated in May. This top-up aims to empower individuals to pursue selected training programmes tailored to enhance their employability and career prospects.

Budgeting 52

Budgeting Corporation Tax Collections Tax 52

Counto

APRIL 3, 2024

Enhancing Cash Flow: Effective Digital Payment Options for Businesses in Singapore It’s undeniable that the shift towards digital payments is accelerating, driven by Singapore’s Smart Nation initiative and the pursuit of greater efficiency.

Collections 52

Collections Payroll Invoicing Tax 52

Accounting Tools

MAY 13, 2024

For operations, throughput can be increased by enhancing the productivity of the bottleneck operation that is constraining production. If other operations are improved, the overall throughput of the system will not increase, since the bottleneck operation has not been enhanced.

Budgeting 40

Budgeting 40

Accounting Tools

OCTOBER 21, 2023

This opinion greatly enhances the credibility of the financial statements with users, such as lenders , creditors , and investors. Based on this opinion, users of the financial statements are more likely to provide credit and funding to a business, possibly resulting in a reduced cost of capital for the entity.

Auditing 75

Auditing Financial Statements Accounting Accounting 75

Xero

NOVEMBER 30, 2022

Hubdoc credit note detection — Global. Hubdoc will use machine learning to identify when a document may be a credit note and flag it to you for review. Enhancements to job manager in XPM — Global. We’re rolling out enhancements to the job manager ‘All Jobs’ tab in XPM from 1 December 2022. Other new features in Xero.

XERO 207

XERO Payroll Bank Reconciliation Tax 207

Accounting Tools

APRIL 6, 2024

It is essential to issue billings on time, in order to enhance cash flows. They are as follows: Credit. The granting of credit to customers can be considered a treasury function, but is usually placed within the accounting department in smaller companies where there is no treasury staff. Human resources.

Accounting 75

Accounting Accounting Budgeting Financial Statements 75

oAppsNet

MARCH 21, 2024

This article delves into the common hurdles businesses face in managing accounts receivable effectively. By implementing best practices in accounts receivable management, businesses can enhance cash flow predictability, improve liquidity, and strengthen financial resilience.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Counto

FEBRUARY 15, 2024

Accounts Receivable: This represents the money owed to your business by customers for goods or services provided on credit. Accounts Payable: This refers to the amount your business owes to suppliers and creditors for goods and services received on credit. Meet crucial financial commitments such as staff wages.

Collections 97

Collections Accounts Receivable Accounts Receivable Account Receivables 97

Counto

FEBRUARY 17, 2024

SkillsFuture Credit Top-Up : Eligible mid-career workers will receive a significant boost to their SkillsFuture credits, with an additional S$4,000 allocated in May. This top-up aims to empower individuals to pursue selected training programmes tailored to enhance their employability and career prospects.

Budgeting 52

Budgeting Corporation Tax Collections Tax 52

Counto

MARCH 5, 2024

Initiatives such as the Part-Time Re-employment Grant (PTRG) and Senior Employment Credit (SEC) provide support to businesses in implementing flexible work arrangements and hiring senior talent. Experience a smarter way to outsource your accounting with confidence.

Budgeting 98

Budgeting Tax Accounting Accounting 98

Accounting Tools

JULY 27, 2023

Related Courses Corporate Finance Credit and Collection Guidebook Treasurer's Guidebook What is Credit Enhancement? Credit enhancement is any action taken to improve one’s creditworthiness. Related Articles Credit Insurance Credit Risk Five Cs of Credit Standby Letter of Credit

Corporate Finance 40

Corporate Finance Collections 40

Counto

MARCH 6, 2024

Ways to Get a High Business Credit Score in Singapore Similar to personal credit scores, business credit scores provide a snapshot of your company’s creditworthiness and financial health. The majority of small businesses require a minimum score of 75 to access credit with favourable interest rates.

Payroll 52

Payroll Tax Billing Invoicing 52

Accounting Tools

OCTOBER 20, 2023

Related Courses Fixed Asset Accounting Fixed Asset Controls How to Audit Fixed Assets Land improvements are enhancements to a plot of land to make the land more usable. Related Articles How to Account for the Sale of Land Is Land a Current Asset? If these improvements have a useful life , they should be depreciated.

Accounting 74

Accounting Accounting Auditing 74

AvidXchange

JANUARY 17, 2024

Credit Scoring and Loan Approval AI models assess creditworthiness by analyzing various data points, potentially offering access to credit for individuals and businesses that may have been overlooked by traditional scoring methods. This can help financial organizations make better-informed investment decisions. 8.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

Accounting Tools

APRIL 24, 2024

This analysis is important for lenders and creditors , who want to gain some idea of the financial situation of a borrower or customer before granting them credit. If so, they will skew the results of these ratios to give the target entity an enhanced appearance of liquidity that is not really the case. These ratios are noted below.

Financial Analysis 75

Financial Analysis Accounts Receivable Accounts Receivable Account Receivables 75

Xero

SEPTEMBER 1, 2022

While we were busy connecting with our partners, Xero teams around the world were enhancing the features on our platform. We’ve added ‘Credit Limit’ and ‘Available Credit’ as optional fields in the Aged Receivables Summary report, in addition to a new common format in the side panel (US only). New features.

XERO 215

XERO Payroll Data Entry Tax 215

Accounting Tools

JANUARY 9, 2024

A capital improvement is a major expenditure that enhances a fixed asset to such an extent that the improvement itself can be recorded as a fixed asset. Related AccountingTools Courses Capital Budgeting Fixed Asset Accounting Related Articles Capital Investment Decisions Capital Rationing Examples of Capital Expenditures

Accounts Payable 40

Accounts Payable Accounts Payable Budgeting Accounting 40

Counto

MARCH 3, 2024

This consistent income stream enhances predictability, extends customer lifetime value, and ultimately increases the overall value of the company. What is my business credit score? Monitoring your business credit score regularly is essential, not just for loan applications but also for securing future funding and expansion.

Payroll 52

Payroll Budgeting Tax Accounting 52

oAppsNet

APRIL 30, 2024

This article explores how automation technology can revolutionize sales order entry systems, offering businesses significant financial benefits and long-term savings. Eliminating Manual Data Entry Costs One of the primary advantages of automating sales order entry is eliminating manual data entry costs.

Data Entry 52

Data Entry Auditing Accounting Accounting 52

Counto

FEBRUARY 7, 2024

Here are some factors to contemplate: Recovering Input Tax: Voluntarily registered businesses can reclaim GST paid on purchases from GST-registered suppliers, enhancing cost savings. International Sales: GST registration facilitates zero-rated exports, allowing businesses to claim input tax credits and improve cash flow.

Corporation Tax 52

Corporation Tax Record Keeping Tax Auditing 52

Accounting Tools

JUNE 14, 2023

An entry into a suspense account may be a debit or a credit. The department managers eventually decide that the office supplies account of the sales department should be charged with the expense, so the accounting staff records the following entry: Debit Credit Supplies – Sales dept.

Accounting 74

Accounting Accounting Accounts Payable Accounts Payable 74

Gaviti

OCTOBER 30, 2023

With the assistance of autonomous technology, companies that want to be prepared for the future are welcoming this as a new opportunity for their financial departments to promote greater efficiency and an enhanced customer experience, both of which are foundations for business growth. Enhancement of the customer experience.

Collections 75

Collections Invoicing Bank Reconciliation Account Reconciliation 75

Accounting Tools

MAY 19, 2023

Related Courses Credit and Collection Guidebook What is a Credit Limit? A credit limit is the maximum amount of credit offered to a customer. The amount of a credit limit is established by the credit department. Example of a Credit Limit For example, a supplier grants a credit limit of $5,000 to a customer.

Financial Statements 40

Financial Statements Collections 40

Counto

FEBRUARY 3, 2024

Instead of receiving immediate payment, the business extends credit to the customer, expecting payment at a later date, usually within two months. It reflects the credit extension policies and collection procedures in place. Cash Flow Management: Maintaining healthy cash flow is essential for business survival.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Accounting 52

oAppsNet

MAY 16, 2024

This article explores comprehensive approaches for handling past due invoices, emphasizing practical strategies, communication tips, and legal considerations to recover owed funds while maintaining positive customer relations. Incorporating automation and technology can enhance the efficiency of the collection process.

Invoicing 52

Invoicing Collections Deposits Billing 52

Accounting Tools

FEBRUARY 11, 2024

What are the Five Cs of Credit? The five Cs of credit form the basis for an analysis of customer credit by many organizations. An examination of these items will give a credit analyst a broad-based view of the ability of a customer to pay in a timely manner. The five review areas are noted below.

Collections 40

Collections Billing 40

LedgerDocs

SEPTEMBER 25, 2023

In the world of bookkeeping there are many ways to store and manage financial documents: In this article, let’s thoroughly examine 2 popular ones: LedgerDocs and Dext. We appreciate the innovation and expertise Dext brings to the table, and it motivates us to enhance our offerings continually.

Data Entry 106

Data Entry Bookkeeping Financial Records Invoicing 106

Counto

FEBRUARY 15, 2024

Moreover, SMEs can utilise invoice financing to extend payment terms to clients, enhancing competitiveness in challenging economic climates. Embracing Environmental, Social, and Governance (ESG) principles not only aligns businesses with societal expectations but also enhances their reputation among consumers, partners, and investors.

Invoicing 52

Invoicing Financial Statements Payroll Financial Reporting 52

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. Enhanced Training Support for Small and Medium Enterprises (ETSS): ETSS provides an additional 20% subsidy on top of the baseline course fee subsidies, totalling up to 90% coverage of course fees.

Payroll 52

Payroll AP Collections Accounting Software 52

Invoicera

FEBRUARY 5, 2024

Emphasis is placed on: Efficiency and time-saving features Invoice automation Growth and revenue enhancement Project management Security measures The blog encourages businesses to choose software aligned with their needs for data-driven success in invoicing. This shows attention to detail, builds trust, and enhances brand loyalty.

Invoicing 52

Invoicing Invoice Processing Data Entry Billing 52

oAppsNet

MAY 7, 2024

This article highlights what accounts receivable collections entail, why they are crucial for businesses, and how effectively managing them can improve financial health and operational efficiency. In any business, managing finances effectively is pivotal to sustaining and growing operations. What Are Accounts Receivable Collections?

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Collections 40

Accounting Tools

JULY 31, 2023

Leasehold improvements are defined as the enhancements paid for by a tenant to leased space. ABC will recognize $30,000 of amortization in each of the five years of the lease with the following entry: Debit Credit Amortization expense 30,000 Accumulated amortization 30,000 Related Articles Depreciation of Leasehold Improvements

Accounting 75

Accounting Accounting 75

Counto

JANUARY 3, 2024

Credit Method : Income is taxed in both countries, but the country of residence provides a tax credit for taxes paid in the source country. Relief Mechanisms DTAs commonly provide relief mechanisms such as: Exemption Method : Income is taxed only in the country of residence, with the source country exempting tax.

Tax 52

Tax 52

Accounting Tools

OCTOBER 14, 2023

Given the higher risk for these investors , subordinated debt usually has a higher effective interest rate than more senior debt, thereby compensating investors for the enhanced possibility of default. This type of debt is usually issued by larger corporations that are considered to be financially secure, with high credit ratings.

Corporate Finance 40

Corporate Finance 40

Nanonets

APRIL 12, 2024

This article will provide a comprehensive understanding of account reconciliation, the benefits and challenges of outsourcing this activity, and the transformative potential of automated reconciliation software.   Nanonets offers a comprehensive suite of features designed to streamline and enhance the reconciliation process.

Account Reconciliation 52

Account Reconciliation Reconciling General Ledger Bank Reconciliation 52

Future Firm

APRIL 18, 2023

How to Get Started With Accounting Intelligence How AI Was Used to Write This Article What is AI in Accounting? AI in accounting refers to the use of artificial intelligence (AI) technologies, such as machine learning algorithms and natural language processing, to automate and enhance various accounting processes.

Data Entry 96

Data Entry Accounting Accounting Invoice Processing 96

Nanonets

APRIL 15, 2024

Integrate Nanonets Reconcile financial statements in minutes Try for Free This article presents the importance of bank reconciliation statements and provides insights into the benefits of automation in the generation of bank reconciliation statements.  

Bank Reconciliation 52

Bank Reconciliation Deposits Reconciling Financial Records 52