We customize and maintain Xero to provide you with useful and timely information in the form of financial statements, reports and graphs. Taking the full potential of Xero capabilities depends how the system is setup. You get full value out of this software by having a well done setup and implementation activities. Units Consulting Ltd., …
Category: Bookkeeping
What Is Accounting? Definition, Objectives, Advantages, Limitation, Process
By law, accountants for all publicly traded companies must comply with GAAP. If you’re on the prowl for an accountant, you want to find one that listens. They should understand what your business does, the expenses required for you to operate, and any financial challenges you might have on your radar. Being a rockstar accountant …
T-Account: Definition, Example, Recording, and Benefits
Increases to the Vehicles account to go on the left side of the T; decreases go on the right. Increases to the Cash account go on the left side of the T; decreases go on the right. On a blank piece of paper, draw your three T accounts, making them large enough you can write …
Payroll Services for Small Businesses
For some small businesses, outsourcing the whole process to a specialist may be the easiest way to do payroll. But with the use of available software, learning payroll procedures can now be easily achievable in-house. Payroll for each employee is calculated according to whether they work on an hourly rate or are salaried. Record the …
Accounting for Treasury Stock: Cost Method and Par Value Method
After listing or listing on the Taiwan Stock Exchange, these shares will be circulated to the secondary market, where we usually place our orders and become the so-called ‘Outstanding Stocks’! Simply put, treasury stock is when a company uses cash to buy back its shares! Imagine a company is like a shopkeeper who likes his …
Zero-Based Budgeting: What It Is and How to Use It
Just consider the dramatically lower spending on travel that has accompanied the shift from physical meetings and events to virtual ones. It can eliminate unproductive costs (often as much as 10 to 25 percent of SG&A in six months), allowing owners to reallocate capital to growth, through marketing, sales, and M&A. And ZBB is a …
Bond Valuation: Calculation, Definition, Formula, and Example
Investors buy bonds because they will receive interest payments on the investment. The corporation or government agency that issues the bond signs a legal agreement to repay the loan and interest at a predetermined rate and schedule. It is the amount of money the bond investor will receive at the maturity date if the bond …
Dividends Declared Journal Entry
A high dividend payout ratio is good for short term investors as it implies a high proportion of the profit of the business is paid out to equity holders. However, a high dividend payout ratio leads to low re-investment of profits in the business which could result in low capital growth for both the business …
Dividends Declared Journal Entry
A high dividend payout ratio is good for short term investors as it implies a high proportion of the profit of the business is paid out to equity holders. However, a high dividend payout ratio leads to low re-investment of profits in the business which could result in low capital growth for both the business …
Vendor Payment Services Bill Pay
Client acknowledges that (i) Client is an Originator with respect to each ACH Payment, (ii) Client agrees to assume the obligations and responsibilities of an Originator under the NACHA Rules, and (iii) Client represents and warrants that ACH Payments shall be exclusively for payments owed by Users to Client, and not for payments by Users …