Author: Chloe Richardson

Accounting Finance

Advantages of Electronic Invoicing

- by Chloe Richardson

There are millions of invoices exchanged between suppliers and buyers in the supply chain every year. Most small businesses transit these invoices either in paper formats which end up causing inadequacies for the buyer’s Accounts Payable (AP) organization. This leads to an increase of the Days Sales Outstanding (DSO) for the involved supplier which results from mail floats. In other words, the days that an invoice takes to get to the buyer’s AP team from the supplier are increased.

If suppliers can embrace the idea of using electronic invoicing in their operations they can realize considerable cost savings. Currently, there are quite a number of companies that offer such business processing solutions that can benefit your organization impeccably. Furthermore, when suppliers use the electronic systems to submit invoices or even pay their taxes, they can easily avoid errors with the buyer’s AP team and get paid faster. Buyers will also …

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Financial Management

THE NECESSITY AND USE OF PAY STUBS

- by Chloe Richardson

One of the most important things for any business is compensating their employees. It is also essential to keep the associated paperwork for both parties. It is vital that employers give the pay slips to their employees as well as the accounting department if there is one. It is necessary economic proof that a person is employed and receives a regular income.  There are several reasons why these pieces of paper are so important, and there are ways companies can make giving pay slips out more accessible, especially since the digital age is in full bloom.

Pay slips or pay stubs are a necessary proof of employment in case you need to approach a bank for a loan or mortgage. It works as a proof of address as well, and many landlords want to see one or more pay slips before they agree to lease property. It gives the landlord …

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Financial Management

De Baan Van Een Accountant

- by Chloe Richardson

De geschiedenis van de boekhouding gaat duizenden jaren terug. Boekhouding of boekhouding maakte deel uit van oude beschavingen. Mesopotamië was een van de eerste plaatsen om boekhouding te ontwikkelen. Accounting heeft betrekking op de ontwikkeling van geld, schrijven en land. De Babyloniërs en Egyptenaren hadden vroege controlesystemen. Toen het Romeinse Rijk werd gevormd, was uitgebreide financiële informatie overal beschikbaar.

De Baan Van Een Accountant

De vader van de boekhouding wordt erkend als de Italiaan Luca Pacioli. Hij staat bekend om zijn prestaties op het gebied van boekhouding en boekhouding. Hij was de eerste persoon die openbaar dubbel boeken boekte en de boeking introduceerde in het hele land van Italië. Wat we vandaag als boekhouden kennen, is in Schotland begonnen. Dit begon in de negentiende eeuw. Accountants werkten voor dezelfde organisaties. Ze werden vaak advocaten genoemd. Vroege boekhouding lijkt op forensische boekhouding. Tijdens de negentiende eeuw begon de boekhouding een beroep voor mensen te worden. Engeland …

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Financial Management

Make The Most Of The Money You Earn

- by Chloe Richardson

If it is your goal to get your finances in order you should take time to plan accordingly. It is quite easy to assume that financial management is easy because you know what you make as well as what you spend. The reality for many people is that they are unaware of what they are actually spending money on.

Make The Most Of The Money You Earn

The Biggest Expense

There are some home owners that have paid for their home in full, but most working-class people that struggle with finances are the ones that have a mortgage. That is typically going to be the largest expense that people that are in the working-class are going to have. This means that precautions should be taken to look into things like refinance programs. Some type of financial plans should be made to cut down the expense that takes the most of your income. When you do this you …

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