Billing Platform

OCTOBER 4, 2023

A generally accepted accounting principle (GAAP), ASC 606 revenue recognition identifies the specific conditions in which revenue can be recognized and provides a framework for how companies need to account for revenue received. Across all industries and business models, knowing when to recognize revenue can (and is) challenging.

Financial Statements 85

Financial Statements General Ledger Billing Data Entry 85

Counto

MAY 2, 2024

Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore As a small business owner or entrepreneur, understanding global financial regulations like the Foreign Account Tax Compliance Act (FATCA) is crucial. persons holding accounts and assets in foreign countries. persons and report their account details.

Tax 52

Tax Accounting Accounting Corporation Tax 52

Counto

SEPTEMBER 27, 2024

The Personal Data Protection Act (PDPA) governs how personal data is collected, used, and disclosed by organisations. The Personal Data Protection Act (PDPA) was enacted in 2012 and fully implemented in 2014. Purpose Limitation Personal data must be collected for specific, communicated purposes. Overview of the PDPA 1.1

Collections 52

Collections Tax Accounting Accounting 52

Nanonets

AUGUST 1, 2023

The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks. Optical Character Recognition (OCR) is a crucial tool in accelerating data collection from scanned images of documents.

Auditing 40

Auditing Data Entry Purchase Order Computation 40

Nanonets

SEPTEMBER 22, 2023

In  clinical research ,  vendor management  involves stringent  regulatory requirements , including ICH E6 Good Clinical Practice, ISO 14155, FDA 21 CFR Part 50, and Regulation (EU) No 536/2014. Contracts  play a vital role in vendor management to ensure accountability and successful  vendor relationships.

Vendor Management 40

Vendor Management Collections Auditing Accounting 40

Nanonets

MAY 30, 2023

 The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021. Cheque payments are limited by the amount of money in the bank account.  Many  The average cost of cash payment is 30 cents.  While

Accounts Payable 52

Accounts Payable Accounts Payable Purchase Order AP 52

AvidXchange

FEBRUARY 20, 2018

Some accounting systems have a service to help you identify which suppliers have received the 1099-MISC form, making it easier to manage without manual mistakes. In a recent Edelman Intelligence survey, findings proved that the freelance space has tripled since 2014. Determining which vendors are exempt from filing 1099s can be tricky.

Tax 40

Tax Invoicing Accruals Computation 40