Independent contractors are classed as self-employed and, therefore, are responsible for filing and paying their own taxes. This means that you don’t need to withhold or contribute any payroll [...]

IBN Technologies is a leading outsourcing service provider offering finance and accounting, IT, as well as back-office and middle office services. With over 25+ years of experience, we have [...]

It can put repetitive tasks on autopilot and automate many daily activities. The multiple app integrations and online accessibility can take care of expense and invoice tracking. Sometimes, [...]

Dividends are often paid quarterly, but could be paid at other times. For a dividend to be paid, the corporation’s board of directors must formally approve/declare the dividend. Hence, the board [...]

The ex-dividend date is the date after which the traded share will not pay a dividend to its new owner. After this date, the next payment will be made to the original owner. This way, you can [...]

Now, calculate all outgoing cash; loan payments, rent, utilities, payroll & taxes, inventory expenses, supplies, regular payments, and more. It begins with your assets, or what you own; Items [...]

Manage a small bookkeeping team, perform bank reconciliations, present financial packages to senior management, oversee AP/AR functions, and assist with year-end tax work. Manage accounts payable [...]

Similar to running a marathon, preparing for and passing professional exams is an achievable challenge, but it requires quite a bit of structure on your part. The good news is that you don’t have [...]

Check out our blog for more inventory management best practices, and consider using an inventory tracking tool to make management even easier for you. As 2021 approaches, restaurant technology [...]

A restaurant cash flow statement demonstrates the effect that cash inflows and cash outflows have on the business’s cash position. (We’ll dive deeper into the breakdown of the cash flow statement [...]