Union Budget for 2012-2013 will be presented in the date of 2nd week of March this year, on March 16th. Upcoming Union Budget of India 2012 – 2013, Expectations, Highlights, News of Budget 2012 – 13, Preview of India Budget 2012 13 available here. Union Budget governmentor Politics of India have the annual budget of the Republic of India, presented every year on the last working day of February by the Finance Minister of India in Parliament, but this year it was postponed due to the 5 states assembly elections.
The ABC of payroll auditing in an electronic data processing system
March 15, 2012 Leave a Comment
Table of contents 1.0 Introduction 2.0 Describing the system involved 3.0 Determining the most risky transactional cycles 4.0 Determining assertions to be focussed during auditing 5.0 Testing controls compliancy 6.0 Prepare a relevant program to be used in auditing 7.0 Executing 8.0 Reporting of findings 1.0 Introduction Auditing payroll or wages and salaries in an organization requires a number of steps to be followed; and should in fact be done in a systematic way. These steps are among others: Describing the system involved, determining the most risky transactional cycles, determining the assertions to be focussed during auditing, testing controls compliancy, prepare a relevant program to be used in auditing, executing or actual auditing, and finally Reporting of findings. In an electronic data processing system testing of payroll data entry and controls employed in the data to ensure that processed information are not spoiled or tempered with; this involves checking access to system modules by staff and operators of the software.
Internal controls for business resources as applied in an enterprise operations
March 6, 2012 Leave a Comment
Introduction Internal controls are management tools used for safeguarding the entity’s interests which includes incomes, Current and non current Assets. Businesses need to be controlled if they are to expand; and as it seems this isn’t something to ague about.
Impact of World Financial Crisis on the Media Industry
March 4, 2012 Leave a Comment
Abstract Financial crisis isa situation in which the supply of money is outpaced by the demand for money. This means that liquidity is quickly evaporated because available money is withdrawn from banks, forcing banks either to sell other investments to make up for the shortfall or to collapse
Who Needs Accounting Services? You Do
March 1, 2012 Leave a Comment
A lot of people who should be using and taking advantage of accounting services are not actually doing so.
QuickBooks Mobile Accounting App for the Organized Professional
February 15, 2012 Leave a Comment
This application allows you to add and retrieve any of your customer’s information with ease. From this particular screen you can even tell if they have any unpaid accounts. When you touch the customer’s name, you can them enter all of the aspects of their billing information, email, phone numbers, tax item, code, terms and shipping address. This takes away the need for toting around a cumbersome laptop when you aren’t in the office and still syncs all of the information with your current QuickBooks account. From the initial “customer” file you are able to view the history of all of your customers past transactions. It further categorizes estimates, all open, overdue or paid invoices and customer receipts. These orders can be printed, previewed and even emailed straight from this convenient summary menu. Adding a new invoice for one of your customers is a snap. Just click the plus sign, designate the customer and add your new invoicing information. In this screen you will not only combine the details that you have already entered in your customers profile, but you also have the opportunity to modify the invoice template to the layout of your liking, added a memo to the invoice and provides categories that the particular item can fit into. You are able to access all sales receipts from the bottom of your menu screen. To add a new sales receipt all you have to do is click the plus sign and select the template that you want to incorporate. You can then add any necessary extra information regarding your customer and include payment data. You have the capability to search for a receipt by looking for it according to date, amount or the customer’s name. Here you also have the ability to preview the sales receipt, send it directly to your customer via email and you can even enter a personal message to the customer. The QuickBooks app is always striving to update new technologies and more user friendly components. Added extra features? Directly call or email you clients directly through the app. It is even possible to get directions to your customer’s office by simply touching their address in your customer profile. There is a help section available that includes a list of FAQ’s and also lists a direct number to customer service should you have a question. If you start using QuickBooks mobile and you notice that there is something that they should add to make the app even better, Intuit welcomes your feedback
Points for selecting Certified Public Accountant
February 15, 2012 Leave a Comment
Any business, irrespective of its size, requires some Certified Public Accountant or CPA. There are a number of advantages of hiring a CPA for handling the accounts of your business. There are a few points that you need to be careful of when it comes to selection of the accountant.
Do You Really Understand The Difference Between A Budget And A Cash Flow Forecast?
February 13, 2012 Leave a Comment
After having an initial idea for a business, whether it be in the online world or the offline world, and after thoroughly investigating the existence of a market for his or her intended product, products, or services, all potential entrepreneurs must produce a realistic budget for at least the first three years of the operation. If this budget indicates that the scheme does indeed have the potential of being profitable, the entrepreneur must then go on to the second stage of the operation, that being converting the budget into a cash flow forecast. Well-designed spreadsheets are the perfect medium for the production of both these documents, and, in the rest of this article, it will be assumed that spreadsheets are being used to produce documents covering the initial thirty-six month period of the business’s life
The Benefits of Using Online Payroll Services for Small Business
February 9, 2012 Leave a Comment
Why Use an Online Payroll Service? Nowadays, businesses don’t have any more the time nor the luxury of dedicating large chunks of time and other resources to getting employees paid accurately and on time and to complying with the myriad regulations associated with payroll
Why Property Tax Accountants Brisbane are Right for You
February 2, 2012 Leave a Comment
If you are looking to outsource your accounting needs, then you would do well to consider property tax accountants Brisbane. They are professional and affordable to ensure that you can be comfortable with your decision. Property tax accountants Brisbane have to meet a lot of very high standards to get into the institutes and associations that certify them to work for you. For instance, the Institute of Chartered Accountants in Australia requires every member to complete their program which includes a graduate degree in Chartered Accounting and then also get three years of real world experience. You can be sure that anyone who met those standards can handle your property without any issues. Another real that property tax accountants Brisbane are the right choice for your business is that they have to meet a lot of accountability standards. It isn’t possible for them to just act unprofessionally and do sloppy work because they will get found out, fired, and potentially ejected from their institute in short order. Thanks to those high levels of accountability, you can be confident that anyone you hire is going to do their absolute best to meet all your needs.