FinOps Foundation

DECEMBER 11, 2024

This article outlines our experience building the FOCUS Sandbox with real FOCUS datasets, and provides some key tips and links to get you started on your own FOCUS journey. We collected and anonymized real FinOps data for AWS, GCP, and OCI. Sample Microsoft data was obtained from their FinOps toolkit and merged with real data.

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FinOps FinOps Billing Financial Operations 130

Counto

DECEMBER 15, 2024

Collect Relevant Information ChatGPT can gather financial reports, previous meeting notes, and other necessary documents, ensuring participants are prepared. Example : Before a tax filing meeting, ChatGPT can collect and summarise previous filings and current tax information. No more scrambling for documents last minute!

Budgeting 52

Budgeting Collections Financial Statements Tax 52

Xero

APRIL 26, 2023

Wellbeing gets a lot of attention, with no shortage of articles and reports telling us how we should be better balancing our lives. That’s what we set out to find out in our new report released today: The global state of small business owner wellbeing. Specialists in this area have also improved how to measure wellbeing.

XERO 264

XERO Collections 264

oAppsNet

NOVEMBER 1, 2024

This article will explore the essential standards your AR team should embrace to streamline workflows, improve customer relationships, and optimize cash flow. Metrics like Days Sales Outstanding (DSO), average collection period, and the percentage of overdue invoices should be consistently monitored to evaluate the health of your AR process.

AR 52

AR Invoicing Collections Accounts Receivable 52

Xero

SEPTEMBER 1, 2022

Updates include a refreshed design, links to Xero Central articles throughout the employee set-up experience, updated content and labels, as well as new set-up completion notifications, so you know when you’re ready to include employees in a pay run. Use GoCardless Instant Bank Pay to collect one-off payments — UK.

XERO 264

XERO Payroll Data Entry Tax 264

FinOps in Practice

NOVEMBER 15, 2023

In this article, we describe the block of the scheme, devoted to serving and monitoring machine learning models. You might be also interested in our article ‘Key MLOps processes (part 3): Automated machine learning workflow’ → [link]. Please, find the whole scheme, which describes key MLOps processes here.

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FinOps FinOps Collections 130

Gaviti

JANUARY 20, 2025

This article dives into the intricacies of the matching principle and explores best practices for integrating it with A/R automation tools for optimal financial accuracy. Integrated workflows: Integrated workflows connect the entire revenue processfrom sales order creation to invoice generation, payment collection, and reconciliation.

AR 52

AR Financial Statements Invoicing Collections 52

Counto

MARCH 24, 2025

GST Summary If youre GST-registered in Singapore, a dashboard can show GST collected, paid, and net liability helpful for preparing accurate filings. For example: revenue targets, expense limits, or receivables collection. Supports Goal Tracking Set KPIs (Key Performance Indicators) and use dashboards to monitor progress.

Accounting 52

Accounting Accounting Collections Bookkeeping 52

Intuit

OCTOBER 23, 2024

In this article, we’ll explain how to increase your credit score and keep it high. Take care of any collections debt If you don’t pay your bills on time, they can get sent to collections. When a bill goes to collections, the collection agency will contact you directly for payment. But what is a good credit score?

Collections 130

Collections Billing Deposits Budgeting 130

Gaviti

JANUARY 26, 2025

A robust customer payment portal streamlines collections, simplifies the act of transferring payments, and eliminates many of the manual tasks that can bog down a companys operations. As you grow, managing invoices, histories, collections, and customer communication in general becomes increasingly unsustainable.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable Collections 52

Counto

JANUARY 9, 2025

These returns provide the IRAS with details of the GST you have collected and paid, and they ensure that you remain compliant with Singapores tax laws. Pay GST Due : Based on your GST returns , you will either owe GST to the IRAS or receive a refund, depending on the difference between the GST collected and the GST paid on expenses.

Collections 52

Collections Tax Corporation Tax Financial Statements 52

Gaviti

FEBRUARY 2, 2025

In this article, we attempt to explain the connection between the operating cycle and A/R, identifying bottlenecks, and implementing strategies to improve efficiency, you can achieve faster cash flow and enhanced financial performance. DSO represents the average time taken to collect payments after a sale.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable AR 52

Gaviti

MARCH 11, 2025

This article delves into how these advanced tools improve risk assessment, the key features to look for, a curated list of the top seven credit risk management tools in 2025, and the benefits of integrating these solutions into your business operations. GiniMachine. Real-Time Credit Risk Alerts.

Collections 52

Collections Accounts Receivable Accounts Receivable Account Receivables 52

oAppsNet

JANUARY 2, 2025

This article explores the importance of automating the I2C process, its benefits, and best practices for implementation. Collections Management : Following up on overdue invoices and resolving disputes to ensure timely payments. Cash Application : Matching received payments with corresponding invoices in the accounting system.

Invoicing 40

Invoicing Collections Reconciling Invoice Processing 40

Counto

JANUARY 9, 2025

Input Tax Credits : When you’re GST -registered, you can recover the GST you pay on imported digital services by offsetting it against the GST you collect from your customers. If youre GST -registered, youll need to file regular returns and pay the GST you collect, while also claiming back any eligible input tax credits.

Tax 52

Tax Collections Budgeting Corporation Tax 52

Gaviti

MARCH 5, 2025

This article examines the rising threat of fraudulent activities targeting accounts receivable, the necessity of a robust fraud prevention strategy, common fraud schemes that businesses must be aware of, and actionable steps on how to prevent accounts receivable fraud in 2025.

Accounts Receivable 80

Accounts Receivable Account Receivables Accounts Receivable Accounting 80

Counto

DECEMBER 20, 2024

Best Practices for Protecting NRIC Information: Limit Collection : Only collect NRIC information for legitimate business purposes, such as company registration or employee verification. Store Securely : Ensure both physical and digital copies of NRIC details are stored securely to prevent unauthorised access.

Collections 52

Collections Tax Payroll Financial Services 52

Counto

FEBRUARY 10, 2025

However, businesses may offer gratuity payments based on contractual agreements, collective agreements, or company policies. Contractual and Voluntary Gratuity Payments Some employers include gratuity as part of employment contracts or collective agreements, making it an enforceable benefit. Ready to get started?

Payroll 52

Payroll Deposits Collections Computation 52

Accounting Tools

JUNE 15, 2023

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is a Dunning Letter? The credit department staff may periodically change the timing or content of these automatically-generated letters, if they feel that some variation will improve the rate of collection.

Collections 75

Collections Invoicing Accounts Receivable Account Receivables 75

Accounting Tools

NOVEMBER 7, 2023

Related Courses Credit and Collection Guidebook Effective Collections The Interpretation of Financial Statements What is the Altman Z Score? Related Articles Bad Debt Forecast Collection Dispute Cycle Time Collection Effectiveness Index Debtor Days Calculation

Collections 75

Collections Financial Statements Tax 75

Accounting Tools

JULY 11, 2023

Related Courses Credit and Collection Guidebook Effective Collections What is Financial Information? Related Articles Credit Analysis Credit Granting Procedure Credit Policy Sample Financial information is data about the monetary transactions of a person or business.

Financial Statements 74

Financial Statements Collections 74

Counto

FEBRUARY 10, 2025

Key Considerations for HR and Payroll Teams When requesting and handling payslips, HR and payroll teams must be mindful of the following: Data Privacy and Compliance: Employers should adhere to Singapores Personal Data Protection Act (PDPA) when collecting and storing payslip information. Experience payroll management that just works.

Payroll 52

Payroll Deposits Collections Tax 52

Accounting Tools

APRIL 6, 2024

The aging report is the primary tool used by collections personnel to determine which invoices are overdue for payment. Given its use as a collection tool, the report may be configured to also contain contact information for each customer.

Accounts Receivable 75

Accounts Receivable Account Receivables Accounts Receivable Accounting 75

ProsperOps

DECEMBER 13, 2023

In this article, we’ll define what AIOps is and how it works, outline the problems it solves, and explain its benefits. The key components of AIOps There are two main components of AIOps: Big Data Machine learning Big Data Big Data refers to the massive amount of operational data collected from IT sources. AIOps can help.

Collections 130

Collections Computation Customer Service Billing 130

Accounting Tools

JULY 15, 2024

In all other cases, taxes are collected for general usage. Low collection cost. The cost required to collect taxes should be low, so that the net receipts resulting from them are as high as possible. Instead, the entire population shares in the taxation burden. Broad tax usage. Ease of compliance. Understandability.

Collections 75

Collections Tax 75

LedgerDocs

OCTOBER 31, 2024

In this article, we’ll explore how leveraging cloud document management can transform the way you operate as a financial professional, making your workflow smoother, faster, and more efficient. Why Document Management Matters Documents are the backbone of a bookkeeper or accountants tool stack.

Bookkeeping 52

Bookkeeping QuickBooks Collections Invoicing 52

Accounting Tools

JUNE 19, 2023

List on the daily reconciliation form all cash collected, which may be broken down by individual type of bill and coin. Cash Reconciliation Form Money Collected by Type Sales Recorded by Type Difference + (over) / - (short) Cash collected $515.00 Checks collected 84.50 Credit cards collected 308.20

Bank Reconciliation 75

Bank Reconciliation Cash Collection Reconciling Collections 75

Counto

FEBRUARY 10, 2025

No Additional Steps Required: The GST is collected by the service provider, so consumers do not need to take action. Here are some articles you might find helpful: How to Effectively Budget Your Monthly Salary Using the 50/30/20 Rule as an SME in Singapore Why Do HR Professionals Request Payslips During Job Interviews?

Budgeting 52

Budgeting Payroll Financial Statements Tax 52

Accounting Tools

AUGUST 4, 2023

The asset conversion cycle is the process by which cash is used to create goods and services, deliver them to customers, and then collect the resulting receivables and convert them back into cash. Collections The time required to collect cash from customers is controlled by the terms given to them at the beginning of a sale.

Cash Collection 75

Cash Collection Collections Billing Bookkeeping 75

Counto

FEBRUARY 23, 2025

Tax Implications Marketplace: Goods and Services Tax (GST) obligations may vary depending on whether the platform collects and remits GST on behalf of sellers. Direct Sales: Revenue is recognised at the full selling price since businesses deal directly with customers, with no third-party deductions. Still doing accounting the old way?

Accounting 52

Accounting Accounting Bookkeeping Financial Records 52

Accounting Tools

OCTOBER 13, 2023

The tax is collected by the entity selling the product or service to a third party, and is remitted to the applicable government entity at regular intervals. A business is required to collect sales tax when it has nexus within the taxing region. A sales tax is a tax imposed on retail goods and services at the point of sale.

Tax 73

Tax Collections Accounting Accounting 73

Atlassian

FEBRUARY 23, 2022

We also got loads of other timely answers, which we’ve collected here. Related Article. Related Article. Related Article. Related Article. Related Article. So how can you prepare for whatever comes next? We put this question to our Atlassian Community and two major themes emerged: empathy and communication.

Collections 105

Collections 105

Counto

FEBRUARY 15, 2024

Neglecting Accounts Receivable Collection: Failure to implement a proper accounts receivable collection process or delays in collecting dues from customers can strain working capital and increase reliance on costly loans. Discover a smarter way to outsource your accounting with confidence.

Accounts Receivable 97

Accounts Receivable Account Receivables Accounts Receivable Collections 97

FinOps in Practice

APRIL 2, 2023

In this article, we will explore some tips and best practices for debugging and profiling ML model training. You might be also interested in our article ‘What are the main challenges of the MLOps process?’ Profiling tools can help to identify areas where the model is spending the most time and suggest potential optimizations.

FinOps 130

FinOps FinOps Computation Collections 130

Gaviti

APRIL 24, 2023

Inconsistent Invoicing and Collections Processes Inconsistency is more likely when companies rely on manual processes. Not having a communication template is another form of inconsistency that can hamper the collections process. Solution: Establish an invoicing and collections schedule and use automation to execute it.

Accounts Receivable 95

Accounts Receivable Account Receivables Accounts Receivable AR 95

Economize

JUNE 6, 2024

Introduction to AWS CloudFormation AWS CloudFormation stands out as a powerful tool designed to simplify the process of provisioning and managing a collection of AWS resources. This article […]

Collections 64

Collections Computation 64

Counto

FEBRUARY 23, 2025

PayNow QR for Businesses: A Complete Guide to Setup and Payment Acceptance in Singapore As digital payments continue to rise in popularity, businesses in Singapore are embracing new, efficient, and secure methods to streamline payment collection. Ready to upgrade your accounting?

Bookkeeping 52

Bookkeeping Collections Invoicing Budgeting 52