6 Reasons Why Your Organisation Needs a Payroll System
Payroll management software has become an integral part of many SMEs as it comes with a host of advantages that ensure efficiency, timeliness, accuracy, precision and cost effectiveness. Investing in the right payroll software can help SMEs to run their operations in a hassle-free way but also will help the company to reach success. But …
What is a Payroll Management System and How does it Help Your Business?
Employees are the lifeblood of any organization, and ensuring their satisfaction through timely and accurate salary payments is essential. While payroll administration might not directly influence the production or operations, it’s a critical element in the HR machinery. Necessity of an Effective Payroll System Manually handling payroll management responsibilities can become cumbersome and error-prone, especially …
What is a bank reconciliation, and why is it important?
The general ledger includes a record of a company’s cash transactions, and a bank statement tracks all money flowing in and out of a company’s account. So, theoretically, these two statements should carry the same information and result in the same cash balances. However, in practice, this is rarely the case. To balance these two …
Purchase order processes: general issues and best practices
Purchase orders are one of many essential tools in a company’s accounts payable chest. They add a level of custom and order to what can otherwise be quite a disordered system. But just like most classic spending methods, the concept is usually better than the execution. Purchase orders should add accuracy and visibility to business transactions. Instead, …
Request for purchase
A purchase requisition or a purchase order request is sent internally within a company to receive purchased goods and services, including stock. The offer is a document which tells the purchasing department or manager precisely what elements and services are requested, source, the quantity and associated prices. A Purchase Requisition Form (PRF) is filled before purchasing goods as a …
Recurring invoice
Recurring invoices are accessible in modern businesses to automatically charge customers for an agreed amount for goods and services. These invoices usually are submitted, or the charges often applied every month. For a company to utilize recurring invoices, the company first has to get permission from the customer to be charged regularly for an average …
Purchase Orders
What is the Purchase Order? A conventional definition for Purchase Order comprises of financial documentation and legal record of the purchase made by a buyer. Usually, this document includes the types of products or services, quantities and purchasing prices. This document’s importance is that it helps to organize the systematic approach for orders and better …
Sales quotes
A sales quote lets a prospective buyer view the costs that will be involved in the desired work. Many businesses provide services which cannot have an upfront price since the costs involved can vary. This can be according to the materials used, which can differ depending on the individual needs of the client and the necessary workforce. …
Integrate KPI with Shipox. What is the delivery management?
Shipox and KPI.com are a great combination in running businesses easier. Just in a short period, we will relate to you how these two platforms can be universal in various joint tasks. Integrate your accounting with delivery management, combining the functionality of KPI and Shipox when delivering orders to the clients KPI integration can instantly …
Sales order
What is the sales order? A sales order is a document produced by the seller upon obtaining a purchase order from a customer specifying the details about the service or product along with quantity, price buyer details like the billing address, shipping address, terms and conditions and mode of payment. In general practice, businesses follow …
Request for quote
An RFQ is an approach for businesses and organizations to ask vendors and other outside companies to provide them with a quote. This quote involves how much something will cost, whether that is a particular service, project, or product. A request for quotations is similar to a request for proposal (an RFP), but RFQs are …
Goods delivered notes
When providing goods to a customer, it is strongly advised that you include a delivery note enclosed with the products. It’s not a compulsory demand but is a service which many customers appreciate. The delivery note assists the recipient check which items have been delivered and allows them to check if anything is missing. What …
Sales invoice
A sales invoice is an accounting document which records business transactions. Sales invoice provides business with a record of the services they had contributed to a client when the services were rendered and the amount of money the client owes the business. Typically, a sales invoice includes a description of the service provided, the amount …
Purchase Order for Fixed Assets
A fixed asset has a useful life that spans multiple reporting periods, and whose price exceeds a specific minimum limit (known as capitalization limit). There are several accounting negotiations to record for fixed assets, which are: Initial recordation. On the assumption that the Asset sold on credit, the initial entry is a credit to accounts …
Kendah Pest Control partners with KPI.com to embrace a paperless workflow
Kendah Pest Control is one of the largest pest control service providers in the UAE. The company has offices located in Dubai, Abu Dhabi & Fujairah with more than 15 years of experience dedicated to protecting customer’s home and business with an environmentally friendly Integrated Pest Management (IPM) approach to pest control. Kendah Pest Control is …