Intuit

APRIL 5, 2023

It’s April once again, and Intuit is celebrating Financial Literacy Month with a focus on helping students, individuals and small businesses develop financial habits and improve their financial literacy. Partnerships with private sector entities such as Intuit promise to help make financial literacy an equal opportunity goal.

QuickBooks 246

QuickBooks Budgeting Tax Accounting Software 246

Accounting Tools

JANUARY 24, 2024

What is the Degree of Total Leverage? The degree of total leverage is the proportional change in net income associated with a given change in revenues. It is a combination of the degree of operating leverage and the degree of financial leverage.

Financial Statements 40

Financial Statements 40

Xero

JANUARY 30, 2024

Your success lies in solid financial and legal foundations to weather storms – real or metaphorical. The ATO categorises these into three groups: expenses claimable in the current financial year (e.g. As always, you should seek appropriate independent tax and financial advice that may be appropriate for your business.

XERO 238

XERO Accounting Accounting Bank Reconciliation 238

Counto

MARCH 5, 2024

Employers are urged to adjust their manpower strategies and upskilling initiatives to retain and leverage the experience of senior employees effectively. By preparing early and leveraging available resources, both employers and workers can navigate this transition effectively, ensuring a smooth and productive transition for all stakeholders.

Budgeting 98

Budgeting Tax Accounting Accounting 98

Accounting Tools

FEBRUARY 12, 2024

What is Reverse Leverage? Reverse leverage occurs when the proceeds from an investment are lower than the cost of funds of a business. During periods of spiking interest rates , it is especially critical to review whether reverse leverage is occurring. To do so, he takes on a loan that has a net after-tax cost of 8%.

Corporate Finance 40

Corporate Finance Financial Analysis Financial Statements Tax 40

oAppsNet

MAY 14, 2024

Efficient collection processes improve a company’s financial health and strengthen customer relationships by ensuring transparency and consistency. Influential collections ensure that companies have the funds for day-to-day operations, investment in growth opportunities, and financial obligations.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Collections 52

Nanonets

MAY 31, 2023

According to a Forrester survey, 98% of financial institutions believe that AI and ML can give them an edge and improve how they do business. This article explores the case for integrating AI into your finance function, the route to achieving it, and how your business can step change as a result.

Data Entry 122

Data Entry Financial Operations Financial Operations Budgeting 122

Accounting Tools

MAY 13, 2024

Financial analysis involves the review of an organization's financial information in order to arrive at business decisions. The types of financial analysis are as follows. The intent is to discern any spikes or declines in the data that could be used as the basis for a more detailed examination of financial results.

Financial Analysis 40

Financial Analysis Financial Statements Accounts Payable Accounts Payable 40

Accounting Tools

OCTOBER 10, 2023

Related Courses Business Ratios Guidebook Key Performance Indicators The Interpretation of Financial Statements What are Leverage Ratios? Leverage ratios are used to determine the relative level of debt load that a business has incurred. The two main leverage ratios are noted below.

Financial Statements 75

Financial Statements Budgeting 75

LedgerDocs

AUGUST 21, 2023

Leveraging a cloud based digital document management software, such as LedgerDocs, can be the game-changer that empowers your business to not only survive but thrive. In this article, we explore a few ways that LedgerDocs will allow you to navigate the challenges and seize opportunities in the modern work environment.

Data Entry 98

Data Entry Financial Records XERO QuickBooks 98

Counto

APRIL 7, 2024

In this guide, we’ll explore various methods and strategies for paying yourself as a sole director, ensuring both financial stability and tax efficiency. Pay Yourself as an Independent Contractor: Leverage specialised skills to work as an independent contractor for your business.

Corporation Tax 52

Corporation Tax Tax Payroll Bookkeeping 52

Less Accounting

MAY 13, 2024

However, effective bookkeeping is vital for maintaining the financial health of the business, managing cash flows, and making well-informed strategic decisions. This article explores the numerous ways in which effective outsourced bookkeeping can bolster small business growth.

Outsourced Bookkeeping 59

Outsourced Bookkeeping Bookkeeping Bookkeeping Services Small Business Bookkeeping 59

Counto

APRIL 10, 2024

The Financial Impact after applying the SUTE: Final chargeable income: $ 175,000 (original profit of $300,000 minus the $125,000 exemption) With the current corporate tax rate at 17%, the tax payable would be $ 29,750. If your startup isn’t generating income or profits in a financial year, these exemptions won’t apply.

Tax 98

Tax Corporation Tax Bookkeeping Accounting 98

oAppsNet

APRIL 5, 2024

This article will delve into nine key trends shaping the accounts payable landscape in 2024, exploring their implications for businesses and professionals. By leveraging AI and ML, AP departments can enhance efficiency, accuracy, and decision-making capabilities, driving cost savings and improving overall financial performance.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Accounting Tools

NOVEMBER 7, 2023

Related Courses Credit and Collection Guidebook Effective Collections The Interpretation of Financial Statements What is the Altman Z Score? The Z score is based on the liquidity , profitability , solvency , sales activity, and leverage of the targeted business. means that the entity being measured is safe from bankruptcy.

Collections 75

Collections Financial Statements Tax 75

Nanonets

APRIL 19, 2024

It serves as a control mechanism to maintain accurate financial records and prevent misuse or misappropriation of funds.    In this article, we’ll dive into petty cash reconciliation — how best to go about it, common challenges, and how advanced automation solutions like Nanonets can help.

Petty cash 52

Petty cash Financial Records Data Entry Reconciling 52

Counto

FEBRUARY 17, 2024

Budget Singapore 2024: 7 Key Takeaways for SMEs and Business Owners Singapore Budget 2024 contains several financial measures to support businesses, households, and individuals. The maximum working capital loan quantum will be permanently raised to SG$500,000, offering greater financial flexibility to SMEs.

Budgeting 52

Budgeting Corporation Tax Computation Tax 52

AvidXchange

JANUARY 17, 2024

Due to their ability to process vast amounts of data rapidly and accurately, AI applications are particularly well-suited to the financial services industry. Investment Advice Some financial services businesses have leveraged AI to build robo -advisors that deliver automated investment management services for clients.

Financial Services 52

Financial Services Accounts Payable Accounts Payable AP 52

Accounting Tools

MAY 4, 2024

Accounting ratios are those ratio comparisons that can be derived solely from the financial statements. They are used to form conclusions regarding the liquidity , leverage , profitability , and working capital usage of a business. Related Articles Capitalization Ratios Coverage Ratios Debt Ratios Ratio Analysis

Accounting 40

Accounting Accounting Financial Statements Accounts Receivable 40

MineralTree

FEBRUARY 23, 2023

Cash flow forecasting is a critical part of financial planning for businesses of all sizes. Accurate cash flow forecasts help businesses plan for the future, identify trends, and make strategic financial decisions. Organizations use this data to anticipate short-term and long-term business needs and make informed financial decisions.

AP 88

AP AR Data Entry Invoicing 88

Counto

APRIL 21, 2024

Leveraging Technology and Redefining Productivity 1. Streamlined financial processes are crucial for seamless operations too. Providing training that equips them with the skills to manage remote or flexibly working teams effectively is essential. Emphasize outcome-based performance metrics rather than hours logged.

Billing 97

Billing Tax Accounting Accounting 97

Accounting Tools

NOVEMBER 3, 2023

A family-run business is more interested in long-term financial stability, and so is more likely to avoid it. The company is not using financial leverage at all, since it incurred no debt to buy the factory. Related Articles Degree of Financial Leverage Equity Spread Financial Gearing Financial Leverage

Corporate Finance 40

Corporate Finance Tax Financial Analysis 40

Accounting Tools

FEBRUARY 11, 2024

The income statement presents the financial results of a business for a stated period of time. Timing The balance sheet reveals the status of an organization's financial situation as of a specific point in time, while an income statement reveals the results of the firm for a period of time. What is an Income Statement?

Financial Statements 75

Financial Statements Tax Accounting Accounting 75

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Bank Reconciliation 52

Bank Reconciliation Auditing Reconciling General Ledger 52

oAppsNet

MAY 9, 2024

This article aims to demystify the accounts receivable process, elucidating its significance, operational mechanisms, challenges, and optimization strategies. This financial term encapsulates a credit agreement between a business and its client, where the company allows the client to purchase now and pay later.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Counto

MAY 8, 2024

Types of Consulting Businesses Singapore’s consulting industry is vast, covering multiple domains: Business Consulting: Includes specialised services like marketing, financial, HR, and IT consulting. Financial/Accounting Consulting: Requires alignment with financial regulations.

Financial Accounting 52

Financial Accounting Tax Accounting Accounting 52

Future Firm

MAY 24, 2023

In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide. Here is my complete guide to emerging accounting technologies for 2023.

Accounting 98

Accounting Accounting Computation XERO 98

Accounting Tools

MARCH 2, 2024

However, this means that the business will be more leveraged, and so will have a higher obligation to pay interest to lenders. Shift to a higher proportion of debt funding, so that the equity base of the business is reduced. Increase the rate of turnover, thereby reducing the need to invest in more assets.

Financial Analysis 40

Financial Analysis Financial Statements Accounts Receivable Accounts Receivable 40

Accounting Tools

DECEMBER 10, 2023

How to Calculate Net Operating Assets The formula to calculate net operating assets is as follows: + The total assets of a company - All liabilities - All financial assets + All financial liabilities = Net operating assets This definition shows that all finance-related items are to be extracted from assets and liabilities.

Financial Statements 40

Financial Statements Accounts Payable Accounts Payable Accounts Receivable 40

Accounting Tools

MARCH 3, 2024

Comparing Liabilities and Debt The main difference between liability and debt is that liabilities encompass all of one’s financial obligations , while debt is only those obligations associated with outstanding loans. Examples of debt accounts are short-term notes payable and long-term debt. Thus, debt is a subset of liabilities.

Bookkeeping 75

Bookkeeping Auditing Accounting Accounting 75

oAppsNet

JANUARY 9, 2024

Vendor Statement Reconciliation involves a meticulous comparison and alignment of a company’s financial records with those provided by its vendors. This article serves as a comprehensive guide, delving into the essential steps and advanced strategies businesses can employ to master the art of Vendor Statement Reconciliation.

Purchase Order 52

Purchase Order Reconciling Invoicing Financial Records 52

Accounting Tools

AUGUST 5, 2023

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is the Degree of Operating Leverage? The degree of operating leverage calculates the proportional change in operating income that is caused by a percentage change in sales. degree of operating leverage.

Financial Analysis 40

Financial Analysis Financial Statements Tax 40

Accounting Tools

JULY 28, 2023

Related Courses CFO Guidebook Corporate Finance Treasurer's Guidebook What is Financial Structure? Financial structure is the mix of short-term liabilities , short-term debt , long-term debt , and equity that a business uses to finance its assets. Related Articles Debt Financing Deleveraging Equity Capital

Corporate Finance 40

Corporate Finance 40

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

JANUARY 11, 2024

Additionally, it’s essential to have a dedicated business bank account in Singapore to handle your financial transactions with the government. This online portal is managed by the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. Non-compliance can result in penalties. Time is money.

Payroll 52

Payroll Financial Statements Tax Accounting 52

Counto

FEBRUARY 22, 2024

Deciding on a Financial Year End (FYE) for Singapore Businesses Choosing the right Financial Year End (FYE) is a pivotal step for businesses in Singapore, influencing tax planning, compliance, and financial strategy. What Is a Financial Year End in Singapore?

Financial Analysis 52

Financial Analysis Financial Statements AR Tax 52

Accounting Tools

OCTOBER 7, 2023

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Ratio Analysis? Financial ratios compare the results in different line items of the financial statements. The most important of these ratios are the gross profit ratio and net profit ratio.

Financial Statements 40

Financial Statements General Ledger Financial Analysis Customer Service 40