Bookkeeping

Therefore, statutory leave entitlement should be calculated in days, and then multiplied by the average length of the working day. For example, staff working 6 days a week are only entitled to 28 days’ paid holiday. The 12.07% figure is based on the fact that all workers are entitled to 5.6 weeks’ leave. This means […]

Yardi Bill Pay pulls electronic payments from your Yardi Voyager database and transmits them to your banking network, which sends an acknowledgement file back to Voyager. Vendors can view invoice status and payment details with VendorCafe. Yes, our integration was developed using AvidConnect, a modern API-based middleware built by AvidXchange. Our seamless, secure integration syncs

Neglecting this essential step leaves your company’s finances open to manipulation and potential fraud. Even the smallest businesses need a system that reduces accounting errors and simplifies bookkeeping procedures. Any increases in the assets, expenses, incomes, or liabilities of the group companies can be normalized, which may arise as a part of the intercompany flow.

Add in a new pricing structure starting with the launch of QuickBooks Desktop 2022 products, and it only gets more complicated. Advanced Inventory is included in the Platinum and Diamond subscriptions only. Advanced Pricing is included in the Platinum and Diamond subscriptions only. Advanced Reporting is included in all QuickBooks Desktop Enterprise subscriptions. If FSP account becomes inactive

Collaborate with your peers, support your clients and boost your practice. An enrolled agent (EA) is a tax preparer who must pass a three-part series of tests called the Special Enrollment Examination that covers individual and business tax laws and representation issues. They have deep knowledge of tax issues and are enrolled to represent taxpayers

The result equals the depreciation tax shield as the company will pay lower taxes. A depreciation tax shield is a tax reduction technique under which depreciation expense is subtracted from taxable income. The amount by which depreciation shields the taxpayer from income taxes is the applicable tax rate, multiplied by the amount of depreciation. The

It need not coincide with the calendar week, but may begin on any day and at any hour of the day. Different workweeks may be established for different employees or groups of employees. Normally, overtime pay earned in a particular workweek must be paid on the regular pay day for the pay period in which

Contribution margin is the revenue that is generated beyond what is necessary to cover the variable costs of production, such as materials and non-salaried labor costs. It can also include the firm’s profit if the amount exceeds the total amount of the fixed costs. Contribution margin is the portion of a product’s revenue that exceeds

Investors must conduct thorough research to assess potential external factors that may impact their investment decisions. Such research should go beyond traditional market analysis to include an understanding of current and future policies and geopolitical events that could impact their investments. For example, a company’s decision to invest in a particular technology may be heavily

No mandatory rules exist, although there are some legal loopholes to be aware of. Therefore, each company has some leeway into deciding what it wants to capitalise and to expense. Undercapitalization occurs when earnings are not enough to cover the cost of capital, such as interest payments to bondholders or dividend payments to shareholders. Overcapitalization