Provisions for retirement bonuses without actuarial report?
In the era of constant information on the economic crisis, more and more often we hear the word " savings ". Certainly, as managers, wondering what areas of the company absorb the most money and whether these costs can be reduced in some way?
Sure, in many cases, the answer is related to accounting: software costs, tax, business advisory services... Is there a way to reduce the costs of the accounting department?
24iValue is an expert system. That is to say that it is not composed of a simple algorithm (as is the case with common calculators salary, VAT, interest amount etc.) But solves the complex problem on the basis of databases. Even more - has been developed by professional - both side programming and tax, accounting and reporting knowledge side.
Such a system can therefore be regarded as a professional in every way. It offers its users a clear and fast calculation of the most difficult areas of accounting. In addition, at a very affordable price!
While the accounting guidance requires us considerable amounts of money, in addition, a "real " advisor is not always available to us at any time, the system 24iValue is at hand (actually it would be to write a click of the mouse).
For example, let's look at an example of calculating income tax. Sometimes we spend a lot of time figuring out whether the item cost is tax deductible or not . How much cost us the nerves and stress, the answer to this question: how many phones made it to your friends, how much time spent searching for information on the Internet, how much in the end cost us expert advice?
24iValue module " Deferred tax and corporate income tax ", acts as a kind of check- list. Field Descriptions allow you to minimize the risk to zero, skip items required in the calculation of income tax.
A cash flow statement ? Accounting often spend several days before they are asked to report cash flow. Do we really need so much time for its preparation? After work time for us cost! Sometimes even no small cost!
And what about the other areas of accounting? What about leasing, provisions for annual leave and retirement bonuses, write-downs of receivables or inventories, and finally - the test for impairment of fixed assets? Provisions often require us to report an actuary - and we know the cost of these reports! Verify that the asset is impaired, requires the cooperation of many people. Imagine that it involves money?
Thanks so 24iValue we can reduce the cost of business advisory services to companies at all costs are considerable. Or maybe even the labor costs of employees? For sure we can save on training costs as some of them will be necessary no longer.
After all, everyone wants to cut costs - no need to downgrade! From today it is possible thanks to 24iValue!
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