Steps to Help Protect your Business from Cheque Fraud

by Cheques Plus @ Cheques Plus Blog

Tue Oct 10 19:29:45 PDT 2017

You have to take steps to help ensure your business is protected from cheque fraud. Without preventative measures in place, you are at the mercy of criminals who look for

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Throughput definition

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 15:19:00 PDT 2018

Throughput is the number of units that pass through a process during a period of time. This general definition can be refined into the following two variations, which are:

• Operational perspective. Throughput is the number of units that can be produced by a production process within a certain period of time. For example, if 800 units can be produced during an eight-hour shift, then the production process generates throughput of 100 units per hour.
• Financial perspective. Throughput is the revenues generated by a production process, minus all completely variable expenses incurred by that process. In most cases, the only completely variable expenses are direct materials and sales commissions. Given the small number of expenses, throughput tends to be quite high, except for those situations in which prices are set only slightly higher than variable expenses.

For operations, throughput can be increased by enhancing the productivity of the bottleneck operation that is constraining production. For example, an additional machine can be purchased, or overtime can be authorized in order to run a machine for an extra shift. The key point is to focus attention on the productivity of the bottleneck operation. If other operations are improved, the overall throughput of the system will not increase, since the bottleneck operation has not been enhanced. This means that the key focus of investment in the production area should be on the bottleneck, not other operations.

For financial analysis, throughput can be increased by altering the mix of products being produced, to increase the priority on those products that have the highest throughput per minute of time required at the constrained resource. If a product has a smaller amount of throughput per minute, it can instead be routed to a third party for processing, rather than interfering with the bottleneck operation. As long as some positive throughput is gained by outsourcing, the result is an increased overall level of the throughput for the company as a whole.

Related Courses

Constraint Management 

Adjusting Quickbooks Online Cheque Alignment To Print Properly On Laser Cheques

by Cheques Plus @ Cheques Plus Blog

Tue Nov 28 14:30:19 PST 2017

If you are experiencing misalignment when printing cheques from Quickbooks Online you probably missed the special setup process to configure the cheque position, however, it is not too late you

The post Adjusting Quickbooks Online Cheque Alignment To Print Properly On Laser Cheques appeared first on Cheques Plus Blog.

The Combination of Comfort and On-The-Go Access Is Triumphing in the Market

by Cheques Plus @ Cheques Plus Blog

Sun Jun 08 11:15:08 PDT 2014

At Cheques Plus we are always covering what’s happening in the financial world and today we will discuss about mobile solutions applied to finances: We live in a digital Era

The post The Combination of Comfort and On-The-Go Access Is Triumphing in the Market appeared first on Cheques Plus Blog.

How To Configure Quickbooks Desktop To Print On Pre-Printed Voucher Cheques

by Cheques Plus @ Cheques Plus Blog

Tue Nov 28 14:22:32 PST 2017

So, you ordered your Quickbooks voucher cheques but they aren’t printing correctly chances are that the settings are not configured properly! In this tutorial, we will guide you on setting up your

The post How To Configure Quickbooks Desktop To Print On Pre-Printed Voucher Cheques appeared first on Cheques Plus Blog.

CIBC set to launch eDeposit for cash

by Cheques Plus @ Cheques Plus Blog

Thu Nov 06 13:22:49 PST 2014

Thе fіrѕt аmоng thе bіg 5 Cаnаdіаn bаnkѕ tо іntrоduсе rеmоtе сhеquе dероѕіt tесhnоlоgу оn a mоbіlе рhоnе fоr реrѕоnаl аnd ѕmаll buѕіnеѕѕ clients, іѕ nоw thе fіrѕt bаnk tо

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How to Transfer an Image Onto Glass

by @ How to of the Day

Tue Mar 20 17:00:00 PDT 2018

Putting an image onto a glass object—such as a glass, mason jar, mirror, or window—is a way to personalize and decorate your living space. You can transfer any type of image that has been printed from a laser printer, or that you find in a book or magazine. To transfer an image onto glass, fix adhesive packing tape to the image you’d like to transfer. Soak the image and tape in warm water, then remove the paper and stick the image onto a glass object. Alternately, you can use a gel transfer medium to move the image directly on to a glass surface.

Human resource accounting

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 16:21:00 PDT 2018

Human resource accounting involves the tracking of all costs related to employees in a separate report. These costs may include the following:

• Employee compensation
• Employee payroll taxes
• Employee benefits
• Employee training

Such an accounting system can be used to determine where human resources costs are especially heavy or light in an organization. This information can be used to redirect employees toward those activities to which they can bring the most value. Conversely, the report can be used to identify those areas in which employee costs are too high, which may lead to a reduction in force or a reallocation of staff away from those areas.

A more comprehensive human resource accounting system goes beyond the simple tracking of employee-related costs, and addresses the following two additional areas:

• Budgeting. An organization's annual budget includes a component, in which is concentrated all employee costs being incurred from across the organization. By concentrating cost information by its nature, management can more clearly see the total impact of human resource costs on the entity.
• Employee valuation. Rather than looking at employees as costs, the system is redirected toward viewing them as assets. This can involve the assignment of values to employees based on their experience, education, innovativeness, leadership, and so forth. This can be a difficult area in which to achieve a verifiable level of quantification, and so may have limited value from a management perspective.

From an accounting perspective, the expense-based view of human resources is quite easy - employee costs from the various departments are simply aggregated into a report. The employee valuation approach is not a tenable concept for the accountant, since this is an internally-generated intangible asset, and so cannot be recorded in the accounting system.

Related Courses

Human Resources Guidebook 
Payroll Management 

End of Year Checklist for Your Small Business

by April Marasco @ Howard Bank

Mon Nov 20 14:50:54 PST 2017

The end of the year is a good time to take stock of your business – review your accomplishments from this year and plan for next year. In this infographic, we’ll give you some ideas on getting started and what you might want to include in your checklist. Take a look, and build on this …
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Basic Income In Canada

by Cheques Plus @ Cheques Plus Blog

Mon Nov 06 19:26:48 PST 2017

Poverty is a problem all over the world, including in Canada. It isn’t a problem with an easy solution but the problem can’t be ignored. The basic income concept is

The post Basic Income In Canada appeared first on Cheques Plus Blog.

Why Paper Cheques Are Still Relevant

by Cheques Plus @ Cheques Plus Blog

Tue Oct 17 18:08:03 PDT 2017

While we live in a world where payments can be made electronically, there is still a need for paper cheques. They continue to be relevant as they offer a paper

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Same Day ACH – Does it Impact Me?

by April Marasco @ Howard Bank

Wed Sep 06 06:33:40 PDT 2017

For those following the new rules towards the processing of ACH transactions, it’s no surprise to you that Same Day ACH will now apply to debit transactions in addition to credit transactions starting at the beginning of September.  For those who perhaps haven’t been following this as closely (it’s okay, we understand), let’s back up …
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TD Canada Trust Mobile Apps Now Allowing Cheque Deposits

by Cheques Plus @ Cheques Plus Blog

Thu Oct 02 09:43:11 PDT 2014

Although late in the game TD Canada trust has finally updated their mobile apps to allow cheque deposits, their rivals as Tangerine and more recently CIBC have been offering this

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Payroll records

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 12:00:00 PDT 2018

Payroll records contain information about the compensation paid to employees and any deductions from their pay. These records are needed by the payroll staff to calculate gross pay and net pay for employees. Payroll records typically include information about the following items:

• Bereavement pay
• Bonuses
• Commissions
• Deductions for pensions, benefits, charitable contributions, stock purchase plans, and so forth
• Direct deposit information
• Gross wages
• Hours worked
• Manual check payments
• Net wages paid
• Salary rates
• Vacation and/or sick pay

The information in payroll records have traditionally been stored on paper documents, but can also be recorded as electronic documents.

Payroll records can be considered a subset of the information stored in human resources records, which can contain considerably more information than items pertaining to just employee pay and deductions.

The time period over which payroll records must be retained will depend upon government requirements. The Internal Revenue Service typically states a required retention period in each document it issues dealing with payroll issues. In general, wage calculations should be retained for two years, while collective bargaining agreements should be retained for three years.

Related Courses

Payroll Management 

How To Find Your TD Canada Trust Account Number And Direct Deposit Form (Void Cheque)

by Cheques Plus @ Cheques Plus Blog

Thu Dec 14 07:25:40 PST 2017

Finding your TD Canada Trust account number and downloading a Direct Deposit form is easy, although TD does not currently have the option to download a Void Cheque, in most

The post How To Find Your TD Canada Trust Account Number And Direct Deposit Form (Void Cheque) appeared first on Cheques Plus Blog.

Evaluation of internal controls

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 05:50:00 PDT 2018

An evaluation of internal control involves an examination of the effectiveness of an organization's system of internal controls. By engaging in this evaluation, an auditor can determine the extent of other tests that must be performed in order to arrive at an opinion regarding the fairness of the entity's financial statements. A robust system of internal controls reduces the risk of fraudulent activity, which moderates the need for additional audit procedures. The examination concentrates on such issues as:

• The separation of duties
• Checks and balances
• Safeguarding of records
• The training level and competence of employees
• The effectiveness of the entity's internal audit function

The steps involved in this evaluation process include the following:

1. Determine the extent and types of controls being used by the client.
2. Determine which of these controls the auditor intends to rely upon.
3. Based on the first two steps, determine which audit procedures should be expanded or reduced.
4. Make recommendations to the client regarding how to improve its system of internal controls.

The last of the preceding steps is useful for improving the control environment for the auditor in the following year's audit.

Related Courses

Accounting Controls Guidebook 

BMO Now Offering Interac’s e-Transfer Service to Business Accounts

by Cheques Plus @ Cheques Plus Blog

Wed Aug 05 19:14:17 PDT 2015

For several years now, many banks have been providing personal and business account users with the ability to transfer funds to each other through Interac’s e-Transfer service; which is a

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