Counto

APRIL 3, 2024

4) Cards Collection Main operators like VISA and MasterCard provide extended credit terms and rewards programs, incentivising card usage. Businesses with a customer-facing front should prioritise offering card payment options to cater to diverse preferences. Experience a smarter way to outsource your accounting with confidence.

Collections 52

Collections Payroll Invoicing Tax 52

Accounting Tools

DECEMBER 28, 2023

Related AccountingTools Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management Related Articles Can Payroll Cards Replace Direct Deposit? Paychecks may be replaced by electronic payments, such as direct deposit , that send the pay amount directly into an employee’s bank account.

Deposits 40

Deposits Payroll Auditing Accounting 40

Accounting Tools

MAY 21, 2023

Related Courses Human Resources Guidebook Payroll Management A payroll card is a debit card into which employee pay is deposited. The original reason for these cards was to provide funds for unbanked employees. Advantages of Payroll Cards Payroll cards are superior to direct deposit in many ways, as noted below.

Deposits 40

Deposits Payroll Collections Accounting 40

Accounting Tools

APRIL 6, 2024

Payroll Processing A specialized group collects time worked information from employees , as well as pay rate information from the human resources department, calculates tax and other deductions from employee pay, and issues net pay amounts to employees, either in cash or via checks , pay cards, or direct deposit.

Accounting 75

Accounting Accounting Budgeting Financial Statements 75

Accounting Tools

JULY 29, 2023

Related Courses Optimal Accounting for Payroll Payroll Management The payroll clerk position is accountable for collecting timekeeping information, incorporating a variety of deductions into a periodic payroll , and issuing pay and pay-related information to employees. Associates degree in business preferred.

Payroll 40

Payroll Deposits Collections Tax 40

Counto

FEBRUARY 12, 2024

Here are some articles you might find helpful: Payroll for new businesses Registered office address for company incorporation Nominee director The post What is Know Your Customer (KYC) for Company Incorporation? Speak to us directly on our chatbot, email us at hello@mycounto.com, or contact us using this form.

Payroll 52

Payroll Billing Accounting Accounting 52

Accounting Tools

JULY 26, 2023

For example, an employee time card is examined and approved by a supervisor before it is loaded into the payroll system. Related Articles Components of an Internal Control System Control Activities Internal Check Internal Control Checklist Management Control System Validation is a common control in an accounting system.

Payroll 40

Payroll Accounting Accounting 40

Counto

FEBRUARY 5, 2024

How Should I Calculate GST for Services Paid via Credit Card with Instalment Arrangements? Suppose your business provides training courses, and a customer registers and pays the full course fees via credit card on 15th December 2023, with the course scheduled to commence on or after 1st January 2024.

Invoicing 98

Invoicing Tax Payroll Collections 98

Accounting Tools

AUGUST 27, 2023

Related Courses How to Audit Outsourced Functions How to Audit Payroll Optimal Accounting for Payroll Payroll Management The Problems with In-House Payroll A typical in-house payroll department has many concerns. Advantages of Outsourcing Payroll Payroll is one of the most commonly outsourced company functions.

Payroll 40

Payroll Deposits Tax Auditing 40

Accounting Tools

JANUARY 30, 2024

What are Payroll Internal Controls? Payroll internal controls are installed within a business to ensure that the personal information of employees is protected, as well as to ensure that payments made to employees are calculated correctly. These controls are most necessary when there is a high risk of failure within a payroll system.

Payroll 40

Payroll Auditing Financial Statements Accounting 40

Counto

FEBRUARY 4, 2024

Employee Salary and Benefits Employee-related expenses involve covering payroll costs and benefits such as vacation time. Loan Repayment and Interest Payments Loan repayment and interest payments on business loans to credit card companies, banks, or vendors are considered expenses. Want to schedule a demo?

Payroll 52

Payroll Budgeting Tax Auditing 52

Accounting Tools

JULY 27, 2023

Related Courses Credit and Collection Guidebook Bookkeeping Guidebook Budgeting CFO Guidebook Cost Accounting Fundamentals New Controller Guidebook Payables Management Payroll Management Project Accounting Someone wanting to enter the accounting field can choose to train for a number of possible positions.

General Ledger 40

General Ledger Accounting Accounting Payroll 40

Accounting Tools

JULY 20, 2023

A common type of electronic check is direct deposit , which is used by employers to make payroll payments directly into the bank accounts of their employees. Further, the transaction charge associated with an electronic check is typically much lower than the rate associated with a credit card payment.

Deposits 40

Deposits Payroll Accounting Accounting 40

Nanonets

APRIL 18, 2023

In this article, we’ll provide a detailed look at how ACH payments work , why they’re better than checks or cards, and how to get started with ACH. ACH payments are commonly used for recurring payments such as vendor payments , payroll, mortgage, and utility bills. Card fees typically vary from 2.5%

AP 52

AP Deposits Accounts Payable Accounts Payable 52

Nanonets

MAY 7, 2023

Do you know what credit card reconciliation is? Many people need to learn what credit card reconciliation is and why it's essential. Business credit cards were all the rage before the pandemic, with over 67% of business owners having a business credit card. What is credit card reconciliation? Let’s see.

Bank Reconciliation 52

Bank Reconciliation General Ledger Reconciling Billing 52

Accounting Tools

NOVEMBER 2, 2023

A reengineering project eliminates checks in favor of payroll cards and ACH electronic payments, thereby eliminating all of the costs associated with checks. A reengineering project eliminates checks in favor of payroll cards and ACH electronic payments, thereby eliminating all of the costs associated with checks.

Purchase Order 40

Purchase Order Payroll Accounts Payable Accounts Payable 40

Nanonets

APRIL 12, 2024

The Importance of Accounts Reconciliation Companies handle a variety of finance-related documents, ranging from bank statements to invoices and payroll records. Amidst this deluge of numbers and figures lies a crucial task: account reconciliation.

Account Reconciliation 52

Account Reconciliation Reconciling General Ledger Bank Reconciliation 52

Accounting Tools

OCTOBER 21, 2023

For example, a computer manufacturer can insist upon cash in advance credit card payments from its customers, orders component parts from suppliers on credit, assembles them under a just-in-time system, and then pay its suppliers. Related Articles The Determinants of Working Capital What Causes a Change in Working Capital?

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Computation 75

Nanonets

MARCH 24, 2023

You can pay vendors via ACH, virtual cards, or other online payment methods, depending on your specific business and circumstances. In this article, we’ll cover the main methods of paying vendors online, their benefits, and how to get started.

Accounts Payable 52

Accounts Payable Accounts Payable Deposits AP 52

Jetpack Workflow

AUGUST 24, 2023

In this article, you’ll find a free set of templates to help you get started. This way, you catch any mistakes early and allow payroll to get processed on time. Review Quarterly Payroll Reports and Make Payments You should be checking employee timesheets and payroll reports every week.

Reconciling 52

Reconciling Accounting Accounting Payroll 52

Accounting Tools

NOVEMBER 2, 2023

Of the preceding items, the most common issue for a forensic auditor is asset misappropriation, such as the outright theft of cash, the use of company credit cards for personal use, setting up ghost employees in the payroll system, or the theft of fixed assets.

Auditing 40

Auditing Financial Statements Financial Records Payroll 40

Nanonets

MAY 21, 2024

    In this article, we shall explore the fundamentals of accounts reconciliation , discussing its importance, processes , and best practices.   Identify Accounts: Determine accounts needing reconciliation, including bank, payables, receivables, inventory, payroll, and assets.

Account Reconciliation 52

Account Reconciliation Reconciling Data Entry Accounting 52

Counto

JANUARY 28, 2024

You’ll also need a recent bank or credit card statement for verification. Here are some articles you might find helpful: How to set up an ecommerce business Singapore Employment Pass: New Requirements Payroll for new businesses The post How to Sell on Lazada Singapore appeared first on Welcome to Counto Singapore.

Bookkeeping Services 52

Bookkeeping Services Payroll Budgeting Bookkeeping 52

Counto

FEBRUARY 4, 2024

Interest Expenses: These occur when you borrow money and have to pay it back with interest, such as credit card interest charges. Recurring Expenses: These happen repeatedly over time, either daily, weekly, monthly, quarterly, or annually, with amounts that may fluctuate. Examples include baggage handling fees during business trips.

Tax 52

Tax Payroll Accounting Accounting 52

Counto

MARCH 6, 2024

Creditworthiness Assessment : Consistently paying your bills, invoices, and credit card balances on time is paramount. Public records: Any bankruptcies, liens, or legal judgments can negatively affect your credit score. Strategies to Improve Your Business Credit Score 1. Experience a smarter way to outsource your accounting with confidence.

Payroll 52

Payroll Tax Billing Invoicing 52

Jetpack Workflow

MARCH 23, 2023

This article will share why having this checklist is important, the key items to include, and a free template to get you started. This process helps capture errors in bank or credit card statements or ledger accounts. Reconciling this account involves confirming its balance with the payroll register.

Reconciling 52

Reconciling AR AP Payroll 52

Counto

JANUARY 11, 2024

Receive the Employment Pass Card. Here are some articles you might find helpful: New business payroll Registering your company in Singapore SSIC codes The post Singapore Employment Pass: Get to Know the New Requirements in 2024 appeared first on Welcome to Counto Singapore. Receive the In-Principle Approval (IPA).

Payroll 52

Payroll Financial Services Tax Accounting 52

Spenmo

NOVEMBER 1, 2022

This article will discuss the challenges of traditional expense reporting and how an automated expense management system helps address these issues and ensure expense report compliance. For instance, Spenmo’s corporate cards have pre-approved budgets to ensure employee spending doesn’t exceed the acceptable limit.

Expense Reports 52

Expense Reports Account Reconciliation Budgeting Billing 52

Counto

JANUARY 11, 2024

Services include multi-currency accounts, internet banking, credit cards, and more.Refer to our guide here. Here are some articles you might find helpful: Registering your company in Singapore SSIC codes Payroll for new businesses The post Setting Up an Offshore Company in Singapore appeared first on Welcome to Counto Singapore.

Tax 52

Tax Payroll Accounting Accounting 52

Nolan Accounting Center

DECEMBER 15, 2022

We work with businesses in southeast Wisconsin with their accounting and bookkeeping needs, as well as manage payroll and assist with tax prep. In this article, we’ll explain how you can use your vacation as a tax deduction. You can’t simply take off with some business cards and hope to drum up some business.

Tax 52

Tax Payroll Bookkeeping Accounting 52

Billah and Associates

JUNE 28, 2021

In this article, we will look at the cost of bookkeeping services in Etobicoke for small businesses. The professional has to deal with invoices, credit card & debit cards, payroll, expenditure, and income accounts. The cost of small business bookkeeping in Etobicoke depends upon a lot of factors.

Bookkeeping Services 52

Bookkeeping Services Bookkeeping Small Business Bookkeeping Business Bookkeeping 52

Accounting Tools

JUNE 14, 2023

Analyze Direct Labor If direct labor is included in the cost of inventory, then the auditors will want to trace the labor charged during production on time cards or labor routings to the cost of the inventory. They will also investigate whether the labor costs listed in the valuation are supported by payroll records.

Auditing 75

Auditing General Ledger Reconciling Invoicing 75

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. Supported payment methods through FreshBooks include ACH, credit card, direct debit mandate, and PayPal. Users can set up regular recurring payments for clients.

Accounting 59

Accounting Accounting Billing QuickBooks 59

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. Start your free trial without any credit card details.

Data Entry 52

Data Entry Financial Reporting Accounting Accounting 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. Determine what counts as reimbursable expenses Create a detailed list of acceptable reimbursable expenses not covered by your corporate card. Here’s how to achieve that.

Expense Reports 52

Expense Reports Budgeting Account Reconciliation Deposits 52

Cloud Accounting Podcast

OCTOBER 22, 2019

Sponsors OnPay: [link] OnPay is offering an exclusive promo code only for the listeners of The Cloud Accounting Podcast to get three free months of OnPay payroll service for any of your clients that you set up by February of 2020! The Daily Mail article includes a video clip from what seems to be some form of corporate roleplaying/training.

XERO 40

XERO Accounting Accounting QuickBooks 40

Jetpack Workflow

MARCH 23, 2023

This article will guide you through all things AR—from its definition to what to include in your ledger as well as software alternatives to manual AR accounting templates. That income keeps your business running, covering your operating expenses and investments. When customers fail to pay on time, you risk having a cash flow problem.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52