Cloud Accounting Podcast

APRIL 19, 2023

The M-Score is warning that the chance of fraud is the highest in over 40 years; Did KPMG fail to issue a critical audit matter for Silicon Valley Bank?; 57:50) - Blake co-wrote an article for CPA Practice Advisor (01:02:31) - Wrap up and where to reach us Need CPE? Hit the link below to get more info.

CPA 96

CPA Accounting Accounting QuickBooks 96

Cloud Accounting Podcast

MAY 16, 2023

Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes KPMG pens deal with MindBridge to apply AI to digital audits | Accounting Today [link] We ran the CPA exam through ChatGPT and it failed miserably | Accounting Today [link] I Cloned Myself With AI.

CPA 52

CPA Auditing Tax Billing 52

Accounting Tools

SEPTEMBER 8, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash The ledger balance and available balance are terms used by a bank for the cash position of a checking account. Related Articles Ledger Cash The ledger balance is the balance available as of the beginning of the day.

Deposits 75

Deposits Bookkeeping Auditing Bank Reconciliation 75

Accounting Tools

OCTOBER 4, 2023

Related Courses How to Audit Procurement Purchasing Guidebook What is a Purchases Journal? Periodically, and no later than the end of each reporting period , the information in the purchases journal is summarized and posted to the general ledger. Related Articles Purchases Day Book Purchasing System Spend Management

General Ledger 75

General Ledger Purchase Order Accounts Payable Accounts Payable 75

Counto

MARCH 27, 2024

Maintain Compliance Audits: Conduct regular audits of payroll processes and records to identify discrepancies, errors, and potential compliance issues proactively. To learn more, speak to us directly on our chatbot, email us at hello@mycounto.com, or contact us using this form.

Payroll 52

Payroll Reconciling Tax Auditing 52

Accounting Tools

FEBRUARY 3, 2024

Posting the Cash Receipts Journal The balance in the cash receipts journal is regularly summarized into an aggregate amount and posted to the general ledger. At a minimum, the transactions in the journal should be posted to the general ledger at the end of each reporting period, though posting may be conducted on a daily basis.

General Ledger 40

General Ledger Bookkeeping Accounting Software Accounts Receivable 40

Counto

MAY 4, 2024

Regular Audits: Conduct periodic audits to ensure suppliers consistently meet your standards and regulatory requirements. Ensure Food Safety: Verify that all suppliers adhere to Singapore Food Agency (SFA) regulations and maintain high food hygiene standards.

Auditing 52

Auditing Tax 52

Counto

MAY 1, 2024

Step 3: Company Registration If not already registered, the business must be legally established with ACRA within 30 days post-IPA issuance, adhering to the business plan submitted with the application. This IPA allows six months for the entrepreneur to relocate to Singapore and finalize their business setup.

Financial Statements 52

Financial Statements Collections Auditing Accounting 52

Counto

MAY 3, 2024

This timing facilitates easier inventory management and financial assessment post-peak season. Regulatory Approval: ACRA must approve the change if it extends the fiscal year beyond 18 months or if it’s within five years of the last change made post-August 31, 2018. appeared first on Welcome to Counto Singapore.

Financial Reporting 52

Financial Reporting AR Accruals Tax 52

Cloud Accounting Podcast

MARCH 21, 2024

They also get into Minnesota's CPA licensure bill for 150-hour requirement alternatives and KPMG's audit findings on the Department of Education and the cost of the federal student loan program. Let the listeners of The Accounting Podcast know by running a classified ad.

CPA 49

CPA Billing Customer Service Collections 49

Accounting Tools

OCTOBER 27, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What are Undeposited Checks? The checks are post dated , so the entity cannot yet deposit them. Related Articles Cancelled Check Outstanding Check Returned Check Uncleared Check Unpresented Check

Deposits 40

Deposits Bookkeeping Auditing Bank Reconciliation 40

Accounting Tools

OCTOBER 3, 2023

Post a checklist in the billing clerk's office that notes every step in the billing process. Audit a selection of invoices and have follow-up training with those clerks who have forgotten to include the shipping charge. Related Articles Avoiding Missed Billings The Proper Invoice Structure Value Billing Billing checklist.

Billing 40

Billing Invoicing Auditing Bookkeeping 40

Counto

FEBRUARY 7, 2024

GST Audit: Understand the implications of potential GST audits and ensure compliance with IRAS regulations. Here are some articles you might find helpful: GST registration guide Corporate tax filing Record keeping requirements The post Do I Need to Register for GST in Singapore?

Corporation Tax 52

Corporation Tax Record Keeping Tax Auditing 52

Accounting Tools

JUNE 12, 2023

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook The reconciliation of accounts receivable is the process of matching the detailed amounts of unpaid customer billings to the accounts receivable total stated in the general ledger. This is the most common reason for a difference.

Reconciling 75

Reconciling Accounts Receivable Accounts Receivable Account Receivables 75

Counto

MARCH 19, 2024

Proper record-keeping is crucial for accurate tax reporting and to navigate audits or inquiries by the Inland Revenue Authority of Singapore (IRAS). Record Keeping Maintain meticulous financial records, including income statements, receipts, invoices, and expense records.

Record Keeping 52

Record Keeping Financial Records Accruals Corporation Tax 52

Accounting Tools

SEPTEMBER 7, 2023

However, it can provide a useful audit trail , showing how these aggregate amounts were passed through to retained earnings. Related Articles Account Analysis Account Reconciliation Examples of Key Journal Entries How to Post to the General Ledger The Difference Between Nominal Accounts and Real Accounts What is Posting in Accounting?

General Ledger 75

General Ledger Accounting Accounting Account Reconciliation 75

NextProcess

MARCH 8, 2024

4) Reliable Audit Trails A good BPA software system logs documents and transaction processing information automatically. This results in a strong audit trail providing provide detailed records of every transaction in a company. Complete audit trails make it easy to check if transactions proceeded as they should.

Purchase Order 52

Purchase Order Data Entry Accounts Payable Accounts Payable 52

Counto

JANUARY 17, 2024

Determine Audit Exemption Consider whether your company qualifies for audit exemption based on specific criteria. Small companies can potentially be exempted from the audit requirement if they meet the following criteria: Employ fewer than 50 staff members. Have an annual revenue of no more than S$10 million.

Auditing 52

Auditing Tax Financial Reporting Accounting 52

Counto

APRIL 7, 2024

Ensure compliance with tax laws and regulations to avoid penalties or audits. Here are some articles you might find helpful: Financial Year End Filing requirements for Pte Ltd companies Avoiding 5 common tax pitfalls The post A Director’s Handbook to Paying Yourself appeared first on Welcome to Counto Singapore.

Corporation Tax 52

Corporation Tax Tax Payroll Bookkeeping 52

Accounting Tools

SEPTEMBER 11, 2023

Related Courses Auditing State and Local Governments Governmental Accounting The Green Book Explained The Yellow Book Explained What is a Fiduciary Fund? Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans. Related Articles Fund Accounting Governmental Accounting

Accruals 40

Accruals Financial Statements Auditing Accounting 40

Accounting Tools

JUNE 12, 2023

The information in these books is then summarized and posted into a general ledger , from which financial statements are produced. The general ledger is not considered a book of original entry, if it only contains summarized entries posted to it from one of the underlying accounting journals.

General Ledger 40

General Ledger Record Keeping Reconciling Financial Statements 40

Accounting Tools

AUGUST 27, 2023

Related Courses Corporate Cash Management How to Audit Cash Optimal Accounting for Cash Treasurer's Guidebook What is Cash? Items that do not fall within the definition of cash are post-dated checks and notes receivable. Related Articles Cash Account Cash and Cash Equivalents Cash Book

Computation 40

Computation Billing Auditing Accounting 40

Counto

FEBRUARY 17, 2024

Legal Protection: Act as legal documents in resolving disputes, verifying transactions, and supporting audits or legal proceedings. Here are some articles you might find helpful: Mastering expense management Payroll management in Singapore Improving cash flow The post What Should an Invoice Contain?

Invoicing 52

Invoicing Record Keeping Account Reconciliation Payroll 52

Counto

JANUARY 17, 2024

Companies should have a reasonable turnover over the past three years, with audited accounts required during the grant application. You can apply for EDG through the Business Grants Portal , requiring your company’s CorpPass for submission. What does it mean to be in a financially viable position to start and complete the project?

Financial Statements 52

Financial Statements Auditing Billing Accounting 52

Counto

JANUARY 11, 2024

There are several compelling reasons why businesses consider switching their payroll providers: Outdated Technology: In today’s digital age, advanced payroll solutions offer real-time reporting, automation, self-service portals, HR integration, data security, and regular audits. Let the pro team at Counto take care of your compliance.

Payroll 52

Payroll Budgeting Reconciling Tax 52

Outsourced Bookeeping

APRIL 4, 2024

We’ll explore five essential suggestions in this article, each specifically designed to meet the particular requirements of the sector. Set up explicit procedures and controls, such as job segregation and recurring audits, for managing financial transactions.

Bookkeeping 52

Bookkeeping Outsourced Bookkeeping Budgeting Data Entry 52

Counto

FEBRUARY 4, 2024

Auditing: Every transaction is recorded digitally, creating a transparent audit trail for financial purposes. Here’s an article you might find helpful: Payroll for new businesses The post Understanding Business Expenses: Types, Categories, and Management appeared first on Welcome to Counto Singapore.

Payroll 52

Payroll Budgeting Tax Auditing 52

Counto

JANUARY 8, 2024

Soft copy attachments of the foreign entity’s latest Audited Accounts. Step 6: File Incorporation Documents Prepare the necessary incorporation documents, including the Memorandum and Articles of Association (MAA), and submit them to ACRA through the online portal. Pay the required registration fee and filing fee to ACRA.

Auditing 52

Auditing Financial Statements Financial Records Tax 52

Jetpack Workflow

JANUARY 31, 2023

In this article, we’ll look at some standard structures by business size to help guide you on the best way to align your team. They are responsible for preparing financial statements, performing audits, preparing tax returns, and providing general accounting services to clients. The tax department handles tax planning and compliance.

Accounting 52

Accounting Accounting Financial Statements Auditing 52

Analytix Finance & Accounting

JULY 3, 2023

Through cloud-hosted accounting software, businesses acquire a faster and more efficient way to manage audits, tax preparation, banking, and payroll. The post Hidden Benefits of Accounting Systems Integration first appeared on Analytix Accounting. Visit us at [link] Email us at sales@analytix.com or call us at 781.503.9002 today.

Accounting 52

Accounting Accounting CPA Data Entry 52

Future Firm

MAY 24, 2023

Over and above just automating completion of tax forms, however, we’ll also start to see tax planning become an automated technology, which is discussed later on in this article. So in 2014, I wrote an article titled, “ How the Technology Behind Bitcoin Could Transform Accounting as we Know It “. Let me know by commenting below!

Accounting 98

Accounting Accounting Computation XERO 98

AvidXchange

AUGUST 8, 2022

In fact, a Forbes article considered the impact of nonprofits’ failure to adopt technology while explaining some of the benefits of the digital tools. However, nonprofit organizations don’t always recognize all of the benefits of purpose-built financial technology. Nearly every aspect of nonprofits is touched by the finance department.

AP 52

AP Reconciling AR Accounts Payable 52

Outsourced Bookeeping

MARCH 23, 2023

They provide services such as financial reporting, taxation, auditing, and advisory services. This article will highlight the top five challenges that CPA firms face today and propose strategies for overcoming them. The post Top 5 Challenges Today’s CPA Firms Face and Ways To Overcome Them first appeared on Outsourced Bookeeping.

CPA 59

CPA Outsourced Bookkeeping Bookkeeping Services Bookkeeping 59

Intuit

NOVEMBER 20, 2023

Accounting is an umbrella term that encompasses many roles you can undertake, such as: Bookkeeping Financial Analysis Auditing Budgeting Actuary Clerk Tax Preparation Even within these positions, there are various sub-roles that thousands of companies are always hiring for. TurboTax Live Tax Associate Jobs $19.90 – $28.00/hr

Tax 130

Tax Accounting Accounting QuickBooks 130

Counto

JANUARY 10, 2024

Company records in Singapore can be kept either manually or electronically, provided they are readily auditable. GST-registered businesses may also refer to the types of records to keep to support their GST declarations. How Should Company Records Be Kept in Singapore?

Record Keeping 52

Record Keeping Tax Computation Invoicing 52

accountingfly

SEPTEMBER 27, 2023

That may seem like a shocking statement especially since we just saw an article in Accounting Today that said 1% of firm representatives believe they can find qualified talent right now. It also means you can’t just post a job on monster or indeed or zip recruiter and easily get people to come to you. You’re not alone.

CPA 105

CPA Tax Budgeting Bookkeeping 105

Billah and Associates

FEBRUARY 10, 2021

If you want an accurate evaluation of your financial position, you need an accounting auditing firm. Not every business has enough resources to audit its accounts. By hiring a professional accountant in Etobicoke , you can reduce the burden of accounting and auditing.

Auditing 40

Auditing Accounting Accounting Bookkeeping 40