Rob Mathieson
Articles
Recent activity by Rob Mathieson
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Control Capabilities
Introduction Automatically control spending according to a pre-defined budget, informing you when an expense exceeds the set budget. Typical Problems Staff members will submit requests for spending...
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Budget and Forecasts
Introduction A budget reveals the structure or direction of a company's finance, while the forecast tracks whether the company is meeting its financial goals as outlined in the agreed budget. Typic...
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Localisation
Introduction Cloud accounting allows you to configure different, standard GL accounts and lists, to assist you with any statutory requirements you may need depending on local market requirements. T...
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Allocations
Introduction Redistribution of values across multiple GL codes, dimensions, and entities, such as splitting a utility cost across multiple departments, can be a difficult and time-consuming process...
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Payroll
Introduction Cloud accounting allows for greater integration of your finance and payroll systems, reducing duplication of work and errors for a more efficient process. Typical Problems Your busine...
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Recurring and Memorised
Introduction Accounting systems being able to memorise or set up recurring transactions is a fantastic way to save time and effort, but not all systems offer this functionality. With cloud accounti...
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Approvals
Introduction Speak to any accounts team and they will tell you approval processes can be a big pinpoint as they are often not traceable, slow, and ill-defined, especially if they are paper-based. C...
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Accruals and Prepayments
Introduction How to spread the value of income and expenses across several months to improve your cash flow and get a realistic picture of your profits. Spreading the cost like this is known as mak...
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Journals
Introduction A journal is used for recording non-regular transactions, for example, the depreciation of a fixed asset or writing off bad debt. You can also use journal entries to transfer values fr...
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General Ledger Accounts
Introduction A general ledger account is a record used to sort, store, and summarise a company's transactions to produce the income statement, balance sheet, and other financial reports. Often this...
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