This number is arrived at by deducting the cost of revenue ($87.8 billion) from the total revenue ($281.7 billion)—in other words, revenue minus the amount it costs to produce that $281.7 billion. The above example is the simplest form of income statement that any standard business can generate. To understand the above formula with some … Read more
That’s where the MYOB compliance migration phase comes in. Step 6 – Go LiveOnce the numbers match, we officially migrate payroll MYOB to Xero and activate STP reporting. A successful MYOB payroll to Xero transition starts with preparation. MYOB’s payroll structure relies heavily on manual mapping and updates, while Xero automates nearly everything. If you’ve … Read more
Ensuring that employees have the most up-to-date technology at their disposal not only improves efficiency but also demonstrates a commitment to innovation and progress. These programs improve employee satisfaction, loyalty, productivity, and retention, resulting in a more dedicated workforce. These programs include services such as short-term counseling, legal and financial advice, and referrals to specialized … Read more
Click here to learn about small business retirement plans, business insurance, time and attendance solutions, HR compliance solutions and more. Enhanced Employee Access® empowers employees to make changes to their own direct deposit information and more. The most-used payroll functions are now front and center for easy access – all other menu items can be … Read more
Generally speaking, equity is what would be paid out to owners and shareholders if you liquidated your business. There are several types of bookkeeping and which one you use will depend on the size of the business. It’ll save hours if you ever bring in a bookkeeper or get audited. If you work with contractors, … Read more
This module explores complex corporate reporting issues, focusing on advanced application of International Financial Reporting Standards (IFRS) along with sustainability reporting. You will critically examine advanced topics such as accounting for complex entities, hedge accounting and foreign currency translation. Other key topics include consolidation techniques, goodwill impairment, and employee benefits, ensuring you can understand complex … Read more
