Moving to Cloud Payroll Software – An Associate Shares Her Experience
I am a payroll associate in the payroll unit of SCG Chartered Accountants. I am also the technology champion of the payroll unit. We were running trials of the cloud payroll software when the lockdown came abruptly. But for the cloud payroll software, we would…
Implementing Accounting Software Without Expert Help
Businesses use financial data to judge how they are doing and decide what to do. But accounting is a chore. So, it is no surprise that more small businesses are using accounting software. We notice that they are implementing the software without expert help. The…
What Is A Contract Asset Under IFRS 15?
IFRS 15 – Revenue from Contracts with Customers has been effective since 1st January, 2018. It introduced the five-step model to revenue recognition and created a new category of assets called “Contract Asset”. In this article, we consider contract assets and show how they differ…
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