Archives de catégorie : Bookkeeping

Users can run payroll anytime, and the teams will get paid on time or the same day through direct deposit. Xero allows companies to set up sales tax rates to calculate sales tax automatically. Users can also generate sales tax … Continuer la lecture →

In the realm of finance and accounting, a financial backlog refers to a backlog of financial transactions or tasks that need to be processed or reconciled. This could include accounts payable backlog, accounts receivable backlog, payroll backlog, or financial reporting … Continuer la lecture →

If you need to track a check or cash transaction manually, you can record it directly in QuickBooks in a few minutes. You can also add bills in QuickBooks when you receive them so that QuickBooks can help you track … Continuer la lecture →

If you’re a US citizen who regularly files taxes, you likely how to calculate the payback period have a Social Security number. But if you’re a non-citizen, the Internal Revenue Service (IRS) still expects you to report taxes every year … Continuer la lecture →

Various outsourcing service providers facilitate advanced technologies to effectively handle skills shortages, improve goods and services, and deal with market difficulties while maintaining low operating costs. Moreover, recent technological advancements such as Robotic Process Automation (RPA) have begun to have … Continuer la lecture →

The payor, or person with the checking account, writes a check to the person they want to pay in the payment amount. The payor gives it to the payee and notes the amount of that check as a “pending” payment … Continuer la lecture →

This allocation does not impact the overall size of the company’s balance sheet, but it does decrease the value of stocks per share. On the other hand, though stock dividends do not lead to a cash outflow, the stock payment … Continuer la lecture →

In experiments, the robotic grabber clutched a piece of wire one-half of a millimeter in diameter. Eventually, though, traditional satellite systems will reach an accuracy limit—probably around the millimeter level. We have to multiply the length by 10 every time … Continuer la lecture →

For depreciation and amortization, companies must determine the useful life of the asset and select an appropriate method, such as straight-line or units-of-production, to allocate costs systematically over time. Reserves are classified into proved, probable, and possible categories, each with … Continuer la lecture →

McKinsey estimates that over 60% of finance activities can be automated with current technology. While the adoption across companies have increased over the past years, the implementation bit usually differs based on the size and scale of the organization. Join us for … Continuer la lecture →