Accounting Tools

APRIL 6, 2024

What is the Accounts Receivable Aging Report? An accounts receivable aging is a report that lists unpaid customer invoices and unused credit memos by date ranges. 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

Invoicera

APRIL 6, 2024

Introduction Errors are inevitable in any process. Although sometimes they might be annoying and time-consuming to rectify, it’s not impossible to fix them. And we know you are having difficulty managing your accounts payable errors, but it is crucial to maintain a healthy financial system. We aim to empower you with practical tips to help you avoid costly mistakes and enhance your financial management capabilities.

Accounts Payable 52

Accounts Payable Accounts Payable Data Entry Invoicing 52

Accounting Tools

APRIL 6, 2024

What Does the Accounting Department Do? The accounting department is responsible for a large number of administrative functions within an organization. Though considered "back office" activities, these functions are essential to the proper operation of a business. The most common responsibilities of the accounting department are as follows: Billings Function A billings group assembles information from the shipping and customer order departments to create invoices that are sent to the company's c

Accounting 75

Accounting Accounting Financial Statements Budgeting 75

Counto

APRIL 6, 2024

Converting from LLP to Pte Ltd in Singapore: A Step-by-Step Guide Why Convert from LLP to Pte Ltd? Converting your Limited Liability Partnership (LLP) to a Private Limited (Pte Ltd) company in Singapore offers numerous benefits: Limited Liability: Pte Ltd companies provide owners with limited liability protection, separating personal assets from business liabilities.

Tax 52

Tax Accounting Accounting 52

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

Budgeting

Accounting Tools

APRIL 6, 2024

What is a Master Budget? The master budget is the aggregation of all lower-level budgets produced by a company's various functional areas, and also includes budgeted financial statements , a cash forecast, and a financing plan. The master budget is typically presented in either a monthly or quarterly format, and usually covers a company's entire fiscal year.

Budgeting 74

Budgeting Accounts Receivable Accounts Receivable Account Receivables 74

Accounting Tools

APRIL 6, 2024

What is Cost Depletion? Cost depletion is a method for allocating the cost of natural resource extraction to the units produced. The concept is used to determine the amount of extraction cost that can be charged to expense. The net effect of this calculation is that your reported pre-tax income will be reduced. There is no cost depletion if no natural resources have been extracted.

Tax 40

Tax Accounting Accounting Cost Accounting 40

Accounting Tools

APRIL 6, 2024

What is a Corporation? A corporation is a legal entity whose investors purchase shares of stock as evidence of their ownership interest in it. This entity acts as a legal shield for its owners, which means that they are generally not liable for the corporation's actions, though they can benefit from dividend payments and any appreciation in the value of their shares.

Corporation Tax 40

Corporation Tax Tax 40

Accounting Tools

APRIL 6, 2024

Interest expense is the cost of the funds that have been loaned to a borrower. It may be associated with a variety of financing instruments, including loans , convertible debt , lines of credit , and bonds. To calculate interest expense, follow these steps: Determine the amount of principal outstanding on the loan during the measurement period. Determine the annualized interest rate , which is listed in the loan documents.

Accounts Payable 40

Accounts Payable Accounts Payable Financial Statements Invoicing 40

Accounting Tools

APRIL 6, 2024

What is a Decentralized Organizational Structure? A decentralized organizational structure is one in which senior management has shifted the authority for some types of decision making to lower levels in the organization. This usually means that the manager of a cost center , profit center , or investment center has the authority to make decisions that impact his or her area of responsibility.

Customer Service 40

Customer Service 40