Every employee receives salary for their services. Accurate salary calculation builds trust among employees and keeps them happy. Salary calculation depends on various factors such as working hours, bonuses, and tax deductions that makes this task complicated and time consuming. Small companies usually assign payroll tasks to one or two employees, which takes time and…
Payroll is the sum of all financial records of employees that help in calculating salaries, wages, bonuses, and deductions. Payroll software facilitates in the calculation of wages and salaries based on employee working hours and sets pay rates. Payroll management is the key component for any business success. It ensures accurate employee pay calculation. Payroll…
Small business payroll software handles payroll and tax filing of small business establishments. It simplifies tedious tasks of documenting and executing payroll. Manual calculation requires a lot of time and energy for keeping track of all employees’ data, files and information, calculating monthly salaries, bonuses, taxes, deductions and so on. Therefore, it becomes mandatory to…
Business owners need to have a way to keep track of money being spent as well as the money coming in. Lack of proper recording and keeping up with accounting can hurt a business as business owners may fall short of money when it is time to pay employees or to perform any other business…
Managing accounts and maintaining proper records of all employees’ time and attendance to prepare payroll manually is a complex and time consuming process. Payroll system developed for small business has made the tasks easier. Now, most of the companies prefer to use payroll software for their small business to calculate employees’ salaries accurately and quickly.…
GST is a consumption tax imposed on the supply of all goods and services made in Malaysia except specific goods and services that are categorized under zero rated supply. It is a multi stage tax that is imposed at each stage of the supply chain. Tax amount does not become part of your cost because…
In today’s business world, many businesspersons are likely to use accounting software for their business accounting needs. Accounting software offers various technical functions to help you manage your finances. Ease of use and time savings are two top features of accounting software solutions.
Good Business relationships are vital for the smooth and successful business operation. When business owners have good management skills and deliver products or services on time, customers or clients trust on them and want to get their products and services. On the other hand, if things are not managed properly, the situation can become complicated.…
Business owners can perform basic accounting tasks such as invoicing, tracking income and expenses, generating financial reports etc with accounting software. Accounting software manages business data and analyzes business performance that helps in making informed decisions.
Bookkeeping software packages are perfect for cash flow monitoring, incoming and outgoings of a business. Business owners put key business information such as sales income, purchase expenses, cash and bank transactions using accounting software to produce accounts payable, accounts receivable and general ledger accounts. These accounting features provide understanding of the financial position of the…