Accounting Tools

JUNE 9, 2024

What is Payroll? Payroll is the process of providing compensation to employees for their efforts on behalf of a business. Many organizations now outsource the bulk of their payroll processing to a third party that specializes in this activity. Payroll processing requires the following sequence of steps: Step 1.

Payroll 40

Payroll Deposits Computation Accounts Payable 40

Counto

MARCH 23, 2025

Payroll Processing Costs are usually calculated per employee per month and include salary computation, CPF contributions, and statutory reporting (e.g., Per-Service Pricing For businesses with specific needs, such as annual tax filing or occasional payroll support, providers may charge per task. IR8A filings).

Bookkeeping 52

Bookkeeping Accounting Accounting Payroll 52

dynavistics

SEPTEMBER 6, 2022

Achieving Operational Excellence : Moving Payroll to the Cloud. Driven by a combination of lower costs, increased computing power, and faster connections, cloud-based platforms became a cost-effective way to support a growing organization. As with any emerging technology, however, there were some holdouts.

Payroll 52

Payroll Computation Accounting Accounting 52

Counto

SEPTEMBER 6, 2024

Staying Compliant with Singapore Payroll Legislation: Key Updates in 2024 As a business owner in Singapore, staying compliant with payroll regulations is essential to avoid fines and ensure smooth operations. In 2024, several key updates to payroll legislation require your attention. Why Payroll Compliance Matters?

Payroll 52

Payroll Billing Computation Accounts Payable 52

Counto

JANUARY 19, 2024

Common Questions about Payroll in Singapore Answered Payroll management involves various complexities that can leave business owners with numerous questions. In this comprehensive guide, we’ll shed light on specific payroll concerns for businesses in Singapore. What Are the Essential Components of Payroll?

Payroll 52

Payroll Record Keeping Computation Tax 52

Counto

MARCH 18, 2025

These packages typically include: Bookkeeping and transaction recording Financial statement preparation Tax computation and filing Payroll processing GST filing (if applicable) These packages are ideal for business owners who want to focus on growth instead of financial administration.

Financial Statements 52

Financial Statements Accounting Accounting Bank Reconciliation 52

Counto

OCTOBER 3, 2024

Foreign Worker Levy Payments in Payroll Systems for Singapore SMEs As a small business owner in Singapore, effectively managing Foreign Worker Levy Payments (FWL) is crucial to your operations. Here are some best practices for integrating FWL payments into your payroll systems. Work Permit or S Pass).

Payroll 52

Payroll Record Keeping Auditing Billing 52

Counto

MARCH 23, 2025

Automated Tax Calculations and Filings AI tools ensure accurate tax computations and can generate timely reminders for filing deadlines. Integration with Business Tools Many AI-powered accounting platforms integrate with inventory, payroll, and CRM systems, creating a seamless workflow.

Bank Reconciliation 52

Bank Reconciliation Data Entry Accounting Accounting 52

Accounting Tools

NOVEMBER 20, 2023

The Best Time and Attendance Systems The following topics itemize the various types of systems that are now available for use in tracking employee time for payroll purposes. If so, timekeeping information can be entered through VOIP phones that is then stored in the payroll system.

Payroll 74

Payroll Data Entry Computation Auditing 74

Accounting Tools

OCTOBER 19, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management The payroll tax liability is comprised of the social security tax, Medicare tax, and various income tax withholdings. Payroll Taxes Paid by Employees The payroll tax liabilities that are paid by employees are noted below.

Payroll 40

Payroll Tax Computation Collections 40

Xero

FEBRUARY 20, 2023

Just imagine being able to digitise payroll administration, or place unique identifiers on inventory in a third-party warehouse to show to-the-minute stock flow. It’s a concept that extends to many industries, like real estate, insurance, financial services (with chains of mortgage lending and settlement), and even retail.

XERO 261

XERO Auditing Computation Payroll 261

Counto

FEBRUARY 20, 2025

This support helps you retain valuable employees while managing payroll expenses. New AI Adoption Initiative The Enterprise Compute Initiative will help small businesses leverage AI technology by providing access to cloud services, AI tools, and expert consultancy. Tired of surprise fees from accounting services?

Budgeting 52

Budgeting Corporation Tax Computation Tax 52

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

Intuit

APRIL 24, 2023

Today, Srividya is a full-time Software Engineer II in our Mountain View office working on QuickBooks Payroll HR and Benefits team to continue to evolve the user experience. Chitra joined the Intuit Again program after a she took a break to raise her daughter and while also teaching computer science to youngsters.

Computation 130

Computation QuickBooks Payroll 130

Future Firm

MAY 24, 2023

Table of Contents Cloud Computing Artificial Intelligence & Machine Learning Optical Character Recognition Robotic Process Automation Blockchain Big Data The Metaverse Mobile Apps No-Code Development 1) Cloud Computing One of the most transformational technologies that’s moving the accounting industry forward today is cloud computing.

Accounting 98

Accounting Accounting Computation XERO 98

Accounting Tools

FEBRUARY 25, 2024

Related AccountingTools Courses Guide to IT Auditing How to Conduct a Review Engagement How to Conduct an Audit Engagement Internal Auditing Guidebook Information Systems Audit An information systems audit involves a review of the controls over software development, data processing, and access to computer systems.

Auditing 75

Auditing Payroll Financial Statements Computation 75

Nanonets

AUGUST 26, 2024

  It is a fundamental computer-vision task, wherein an input image is identified and classified. In recent years, Computer Vision and Deep Learning methods such as convoluted neural networks (CNN) are being extensively used in document image classification.    Let us see what each of those entails. 

Computation 97

Computation Customer Service Purchase Order Invoicing 97

Plooto

FEBRUARY 14, 2024

In 1952, they were early adopters of IBM’s first large computer, using it for business applications like billing and payroll. Accountants are innovators. By 1985, bookkeepers began to automate manual tasks with Microsoft Excel — and never looked back.

Microsoft Excel 52

Microsoft Excel Computation Payroll Billing 52

Intuit

JUNE 23, 2023

A Bookkeeping program created by an industry leader in Tax and Bookkeeping can prove your knowledge and show prospective employers that you know how to accurately update their books, manage payroll, prepare financial statements, and more.

Bookkeeping 130

Bookkeeping Certified Bookkeeper QuickBooks Financial Statements 130

Counto

FEBRUARY 17, 2024

This investment will focus on AI compute, talent development, and industry advancement, presenting opportunities for SMEs to leverage emerging technologies. The maximum working capital loan quantum will be permanently raised to SG$500,000, offering greater financial flexibility to SMEs.

Budgeting 75

Budgeting Computation Payroll Tax 75

Ontrack Bookkeeping

MARCH 6, 2024

If you have not yet talked to your accountant, payroll provider or your finance/HR teams, now is the time. Check your payroll systems and processes Make sure those involved in your payroll are ready to implement the change. Are you or your payroll team receiving training? How do you check your payroll team has it right?

Payroll 52

Payroll Budgeting Computation Tax 52

Outsourced Bookeeping

NOVEMBER 28, 2024

These tools help to reduce the time taken to complete the payroll validation, computation of taxes, expenses, and many more. The startup accounting tools are important because they greatly reduce the chances of errors that may occur when doing manual computations. This can be very costly.

Accounting Software 52

Accounting Software Outsourced Bookkeeping Accounting Accounting 52

Accounting Tools

JUNE 8, 2024

By doing so, you eliminate the need to track their time at all, at least for the purpose of computing their pay. Another form of employee exclusion is to switch employees from being paid on an hourly basis to being paid on a salaried basis. The position must also allow for continued independent decision making and minimal close supervision.

Payroll 40

Payroll Computation Billing Auditing 40

Accounting Tools

MAY 16, 2024

The purpose of a time ticket is to accumulate the hours that an employee will be paid in the next payroll. Once a pay period has ended, they are used by the payroll staff to compile hours worked, which is the basis for the calculation of gross pay. A time ticket is a document used by an employee to record hours worked.

Payroll 40

Payroll Computation Auditing Accounting 40

Remote Quality Bookkeeping

APRIL 1, 2024

Bookkeeping software includes computer programs or online applications that handle businesses’ financial transactions and accounting needs. These programs record and process accounting transactions within some functional regions, such as payroll, receivables, payables, and trial balances. What is Bookkeeping Software?

Small Business Bookkeeping 52

Small Business Bookkeeping Business Bookkeeping Bookkeeping Payroll 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. Ideally, cash should be received from customers before it is due for payment to suppliers.

Accounts Receivable 75

Accounts Receivable Account Receivables Accounts Receivable Computation 75

Ontrack Bookkeeping

JUNE 10, 2024

As cloud computing continues to evolve, small business owners must adapt to these changes to stay competitive and compliant. Their features include user-friendly dashboards, automated reports, inventory management, payroll, and time tracking capabilities. Key considerations for selecting accounting software 1.

Accounting Software 52

Accounting Software Accounting Accounting Payroll 52

CapActix

FEBRUARY 27, 2025

Equipment and software: Computers, office furniture, and business-related software are all deductible. Handles complicated tax issues like multi-state filings, payroll taxes, and corporate returns. Employee salaries and benefits: Wages, health insurance, and retirement contributions can all be deducted. Even small deductions add up.

Tax 52

Tax CPA Financial Records Auditing 52

Acton Accounting & Bookkeeping

FEBRUARY 19, 2016

We can perform all transaction processing, accounting, cheque preparation, payroll, and filing off-site. Lower investment in equipment and administrative costs (computers, software, desks, office space, and personnel). The entire accounting function of your business can be outsourced. Reduced stress of the business owner!

Bookkeeping 52

Bookkeeping Accounting Accounting Deposits 52

Nanonets

APRIL 26, 2024

  ROLL Project Workflow Management Time tracking is more than just clocking in and transmitting information to payroll; ROLL turns capturing leads, quoting projects, tracking progress, and getting business performance insights into a business function that happens almost entirely in the background.

XERO 52

XERO Payroll Invoicing AP 52

Intuit

JUNE 23, 2023

All Intuit TurboTax Live experts work from home using a computer with a high-speed internet connection and a headset. For example, Intuit currently needs remote tax preparers and bookkeepers to help people get better results with the software.

Accounting 130

Accounting Accounting Bookkeeping QuickBooks 130

Accounting Tools

OCTOBER 3, 2023

Account Number Description 010 Cash 020 Petty cash 030 Accounts receivable 040 Reserve for bad debts 050 Marketable securities 060 Raw materials inventory 070 Work-in-process inventory 080 Finished goods inventory 090 Reserve for obsolete inventory 100 Fixed assets – Computer equipment 110 Fixed assets – Computer software 120 Fixed assets (..)

Petty cash 40

Petty cash Computation Accounting Accounting 40

Accounting Tools

MARCH 5, 2024

For example, a computer company receives an advance payment from a customer before it even builds the machine, while it pays its suppliers on 30-day terms. In this case, it recognizes the cost of goods sold expense for the computer before it issues a payment on the associated computer parts.

Computation 40

Computation Bookkeeping Payroll Tax 40

Nanonets

APRIL 10, 2024

  Sage 100 Fixed Assets lets your business track assets like office equipment and computers, get book and tax depreciation calculations, and use Sage 100’s Microsoft Excel-like reporting interface.  Former branding for Sage 100 ERP includes MAS 90, MAS 200, Sage 100c, and Master Builder for Sage 100 Contractor. 

General Ledger 52

General Ledger Purchase Order AP Invoice Processing 52

Ace Cloud Hosting

APRIL 25, 2024

From invoicing to payroll and inventory management, QuickBooks Enterprise helps you. One of the most popular desktop-based accounting and financing management software, QuickBooks Enterprise, is a game changer for many.

QuickBooks 59

QuickBooks Payroll Invoicing Accounting 59

Accounting Tools

OCTOBER 3, 2023

Division Department Description 10-00-010 Boston xxx Cash 10-00-020 Boston xxx Petty cash 10-00-030 Boston xxx Accounts receivable 10-00-040 Boston xxx Reserve for bad debts 10-00-050 Boston xxx Marketable securities 10-00-060 Boston xxx Raw materials inventory 10-00-070 Boston xxx Work-in-process inventory 10-00-080 Boston xxx Finished goods inventory (..)

Petty cash 40

Petty cash Computation Accounting Accounting 40

Counto

SEPTEMBER 6, 2024

Computer Equipment: Servers, computers, and other IT hardware essential for business operations. Vehicles: Company-owned vehicles used for operational purposes, such as cars and trucks. Office Furniture: Items like desks, chairs, and filing cabinets used in your office.

Computation 52

Computation Record Keeping Financial Statements Tax 52