Audit Procedures for Accounts Receivable
Accounts receivable is the sum of money that your customers owe you for the goods and services you have sold to them on credit. This is considered to be a current asset, because you convert it into money later, usually within a year. Accounts receivable is important...
EU VAT e-commerce package FAQ: Everything you need to know
Q. What is the EU VAT e-commerce package? The EU VAT e-commerce package is a reform to the existing VAT obligations for sellers that will come into effect on July 1, 2021. This package includes some key changes that will simplify VAT returns, and it will impact the...
Bookkeeping – Definition, Importance, Types & Methods
What is bookkeeping and why is it important? Bookkeeping is the process of recording your company’s financial transactions into organized accounts on a daily basis. It can also refer to the different recording techniques businesses can use. Bookkeeping is an essential...
OSS FAQ: All about the One Stop Shop
Q. What is the One Stop Shop? The One Stop Shop (OSS) is an optional quarterly VAT reporting and payment system that’ll be live from July 1, 2021, as part of the EU VAT e-commerce package. This means that you can use the OSS to report and pay VAT on non-domestic B2C...
Is WhatsApp marketing legal?
Whatsapp is most trending chating app now a days but it’s in news for last some time for spreading fake news. Whatsapp is using all possible ways to stop spreading fake news and spamming. However it can’t be said that whatsapp marketing is legal or illegal because now...
Improve Core Web Vitals & Load Speed
How to improve Core Web Vitals and page load speed It became a very important topic when Google began baking this into their core ranking algorithm in 2020. Long ago, they said “The web should be fast.” When Google speaks, it is important to listen – if you wish to...
Learn How to Improve Your WIX Website Speed
Learn How to Improve Your WIX Website SpeedThe page loading speed of your website is one of the most important factors in your business’s success. A slow website can cost you a loss in web traffic, poor website rankings, low conversion rate, dramatic loss in online...
What exactly do cloud services like Digital Ocean and AWS do?
What Cloud Services Do Companies don't use cloud services based on the levels of traffic but based on the ease of using cloud services. The amount of traffic doesn't matter, it is you who decides whether or not to use cloud services. Do you really want to go through...
Invoice payment through the portal?
How can customers pay an invoice via the portal? In order to pay an invoice, your customer needs to login to the portal. You can find out how your customers can login to the portal here. After logging in to the client portal, your customer can choose a transaction and...
IOSS FAQ: Your guide to the Import One Stop Shop
Q. What is the Import One Stop Shop? The Import One Stop Shop (IOSS) is an online portal that businesses can use from 1 July, 2021 to file VAT returns for imports. This has been introduced as part of the EU VAT e-commerce package, where the import of low value goods...
