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Showing posts from August, 2018

Sage_UBS Inventory Control Software Singapore

Sage_UBS Inventory Software is the best inventory management software in Singapore market which allows the user to easily perform stock control with the flexibility to handle all kinds of inventory control transactions and provides an immediate update about inventory status at whatever time you want it. Business Process of the Sage_UBS Inventory Software Maintain company profile Setting up accounting year Linking to UBS Accounting system Assign GL account Set document reference number Set costing method This system acts as an invoicing system where invoices and delivery orders can be printed conveniently, allowing smooth transactions for the business. Improvements are also done progressively over the years based on customer feedback to ensure that the system meets the immediate business needs of users. There are also 4 types of stock valuation methods available, namely, Fixed cost, First In First Out (FIFO), Monthly average and Moving average.

How Fintech will Transform the Role of Accountants

The conventional image of the stable, vigilant accountant is set for an unexpected defeat. New technology, new software, and new rules mean the role of the accountant is prepared for a revamp. Artificial intelligence, automation, cloud accounting, Open Banking, creating Tax Digital all promise to rework the accountancy and consultatory profession, and, by extension, produce vast new opportunities for the companies they serve. So, what’s driving this change? What’s the importance for accountants? And what’s going to be impacted for businesses? Key drivers of changeFinancial data are flowing quicker and freer than ever. Bigger access to information, automation of processes and addition of software and tools is putting more influence at the fingertips of key decision makers inside businesses, allowing for more responsive and better-informed decisions. Artificial intelligence and machine learning in software and apps promise to unearth faraway bigger insights than manual analysi

Tips to Lower a Payroll

Decreasing the overall amount of your payroll expense will increase the money you've got to take a position in different areas of your business. If you're searching for ways in which to lower your payroll, confirm that the standard of your product or service doesn't suffer because of your payroll changes. Whereas decreasing the number of workers you've got will lower your payroll, it will place an additional burden on your remaining workers and cause quality to suffer. 1. Call an employee gathering to talk about ways to lower payroll expenses. Involving your employees in discussions will eliminate gossips; calm employee fears and let the staffs feel that their opinion and jobs matter to management. Inform your employees of the require to cut expenses and ask them for their input and thoughts. 2. Overtime will significantly raise your payroll expenses. Ask salaried employees to assist wherever necessary to reduce or eliminate the need for hourly employees

How Online Accounting Software Helps Small Business

Managing the financial records and proficiently tracking the money transaction process is one of the most essential activities of a business. We are all known that human errors are susceptible, mistakes that can cost the company in huge or several hours of work in refinement. Business Software programs make the practice flawlessly easier. Some accounting software tools are in a league of their own. Their algorithm is designed to detect any mistake the user makes and instantly give suggestions to correct them. Accounting is a vital part of any business; Without it, a business or enterprise will fight to meet the daily financial necessities. So, it is important that an organization has an effective and up to date accounting software. Following are the importance of an accounting software for a small business. GST Computation GST Computation is no more a challenge with Sage_UBS accounting software. File your GST returns directly on time. Easy to modify any transaction an