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Provision for payables

Publication date: 2013-03-10 21:11:55

Is it necessary to include a provision when there?s a big risk of an expense to be incurred? Just because a liability might arise in the future, it doesn?t mean you should set aside a provision. 24iValue supports you in verifying accounting calculations. It?s intended not only for those in doubt, but also those who aren?t familiar with the criteria for including provisions.

Find out more:
http://www.youtube.com/watch?v=7ScAfNO49-U

Regards,
Slawomir Ekman
24iValue

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24iValue system imitates the process of thinking and action of a "conventional" valuation or accounting expert, and together with the user it solves the accounting or reporting problem.

For example: valuation of financial instruments, market valuation of certain assets, corporation income tax, deferred taxes, cash flow statement, finance lease accounting and establishes provisions for liabilities (including provision for retirement bonus) or provisions on assets inventories, accounts receivable, and fixed assets.

With 24iValue, you can minimise the risk of material errors and improve the quality of financial reporting and corporation tax.

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