Whether you’re looking to reduce manual labor or make financial analysis easier, payroll software integrations can help. Employees joining your business must provide their bank account, tax status, and deduction information to get paid. This can take a lot of time to organize and manually input into your payroll system. […]
Accounting
Getting Better Results From Your Year-End Fundraisers: A Guide
Year-end fundraisers have been used to bring a perfect closure to the annual fundraising projects of some non-profits. In other instances, charities jump on the year-end fundraising train to raise refunds to meet pressing or rising needs. Whatever the case, year-end fundraisers are worth the hype it gets from the […]
Drake Hosting vs. Traditional Tax Software: Which Is Right for You?
The digital era has totally changed the game of tax preparation and filing. The professionals in this industry have come a long way – from drowning in stacks of paper and drowning even more in the stress of manual calculations to automated tax preparations. How can you escape this tax-time […]
Why Digital Banks Work Better for SMEs
A corporate bank account enables businesses to build a financial track record, which can be crucial for obtaining loans, credit facilities, or attracting potential investors. Moreover, having a bank account provides access to various banking services such as business loans, trade financing, foreign exchange, and cash management solutions, enabling businesses […]
Best Practices for ASC 718 Expense Reporting
ASC 718 expense reporting is an important aspect of financial reporting for public companies that issue equity-based compensation. Investors and analysts must have timely access to accurate information on the fair value of stock-based compensation to make informed decisions about the state of a company’s finances. Companies must adhere to […]
What is Financial Analysis and Types of Financial Statements
Financial analysis is the process of evaluating a company’s financial performance and health. It involves the examination of financial statements, such as the balance sheet, income statement, and cash flow statement, to determine the company’s liquidity, solvency, and profitability. By analyzing these statements, an investor or financial analyst can gain […]
Concepts of Accounting Principles and Accounting Equation
Every day, each one of us makes use of Accounting Principles and this is true irrespective of the profession of the person. We pay for some services e.g. buying vegetables, paying electricity bills, etc. and in return, we get the services for which we have paid the money. Knowingly or […]
The Role of a Trustee: Exploring Fiduciary Duties
A trustee occupies a position of trust, confidence and responsibility, and when an individual agrees to take on the role of a trustee of a trust, they are taking on specific financial duties to the beneficiaries of that trust. It’s imperative to fully grasp what these duties entail so as […]
Top 10 Key Benefits of GST Registration
What is GST? GST stands as goods and service tax. It is the biggest tax reforms in the country and greatly improving easy of doing business and increasing the taxpayers base simply by bringing in millions of small businesses in the country. Businesses without GST registration would not be permitted to […]
Important steps choosing the right accounting software
The time in which we live can easily be called the “Age of Technology”. There is now unlimited internet access everywhere. Using modern tools such as a phone, tablet or computer, we can quickly and easily pay our bills, place orders online and many other activities. Facilitating our daily lives […]
How to Choose an Accountant
Every business needs to keep detailed financial records that are easy to understand. Whether you are just starting out and need more advice throughout the process, or you have an established company that requires daily monitoring, there is an accountant out there that can provide you with the services you […]
Why should Companies Pay Attention Towards Anti-Money Laundering Checks?
Anti-Money Laundering or AML is the process that makes sure that the legal requirements for financial and other regulated institutions either impede or report money laundering activities. Money laundering takes place in every corner of the world. It is the illegal concealment of black money through foreign banks or legitimate […]