Accountancy

The daily allowances of the Social Security are an amount collected by a company because of illness . It should be noted that all workers, whether salaried or not, receive daily benefits in the event of sick leave (sickness, maternity, adoption leave, etc.). These allowances are paid directly to the employees concerned . But the company can maintain the wages of the latter, and then collect the allowances: this is referred to as subrogation of the employer. In reality, the accounting treatment of the daily allowances of the Social Security depends on who receives them ! the interest of realizing these auxiliary accounts does not end there because they also allow: - To reduce the number of entries for each customer or supplier - To facilitate the lettering of accounts receivable and suppliers - To save time - To prepare the annual balance sheet under the best conditions In other words, when the accounting of an enterprise requires many entries, the auxiliary accounts are...

Many companies choose to decline third-party accounts, in other words accounts payable and receivables, in subsidiary accounts. For accountancy training  Best school of accountancy In Pakistan .  Presentation of this subdivision but also of the interest it may have in the course of the activity of a company. What is an auxiliary account? In accounting language, an auxiliary account will be similar to a subdivision of a general account . However, in practice, it is clear that it will only exist for the accounts of third parties either the accounts "401 Suppliers" and "411 Customers". Each auxiliary account thus includes the date of the operation, the general account number, the auxiliary account number defined from a coding which may be company-specific, the name of the supplier or the customer and the items Accountants encountering movements of funds. Why use subsidiary accounts for a business? Although not compulsory , subsidiary accounts are often us...

The exceptional depreciation is a tax depreciation defined by the CGI, ie the General Tax Code. It must imperatively be accounted for . Here is some information about what these depreciations are, and how to account for them. What is Exceptional Depreciation? Exceptional depreciation is a tax depreciation. The General Tax Code defines the latter, which favors companies or even acquires certain assets. Generally, exceptional depreciation is provisional and clearly defined by dates. The investments concerned are rare and reduced over time: for example, to noise reduction materials for energy savings are considered a damping outstanding until 1 st January 2011. The only exception to this rule is limited to the Acquisition of software. Nevertheless, it is imperative to integrate the latter in the accounting of the company in the following way. How to account for exceptional depreciation? It is imperative to recognize the exceptional depreciation in the same way as a declining b...

Establishing a management dashboard is essential for a business. For accountancy training  Best school of accountancy In Pakistan .  But it is not easy to find one! Here are some tips that should help you focus on the key elements that must be present in your dashboard ! What is the management dashboard used for? The management dashboard is a document that allows to summarize in a few key figures the activity of a company. The manager, assisted by an accountant, can opt for the strategic scorecard , that is to say that it concerns exclusively the strategy of the company. He can choose the fiscal dashboard to find out what happened and what will happen. Or it can opt for the operational dashboard which is a short-term steering tool. How to establish a management dashboard? In reality, everything depends on the purpose of this scorecard. It is important to know what this accounting tool is going to serve, and thus to define the key elements essential to integrate. ...