Immediate late payment interest posting when received payments from SP

20th July 2018 – Personal info of 1.5m SingHealth patients, including PM Lee, stolen in Singapore’s worst cyber attack How then can your individual SP information be protected? When you change MA, your MA keeps the database, because they are using their own accounting system.  We had discussed this topic in the earlier blog as “Who…

Are you still calculating manually the late payment interest ? Do you include the day the payment received or not including the day the payment was received? Sounds familiar? The one that owes a late payment interest (your SP), will most often challenge the way your system calculate the late payment interest. We have seen…

To all MC, Each MA will create a new email for your SP to contact them for report of defects, applications , or any correspondences. When the MC decided to change your MA, what happened to the follow ups that are still pending? Who owns the email trials? How do you handle the emails that…

Your vendors will send their invoice(s) to your MA, so will your banker, sending your monthly bank statement to your MA. Question : What happened when you change your MA? Answer 1 : Your new MA will have to inform all your vendors and banker a change of mailing address. Informing your vendors are much…

If you are the managing agent, the operational staff prepare all payment voucher manually and making out the payment to the vendor and then you, as the accountant, take up the entries weeks later. You will have this problem. 1. This is double work 2. The amount is 369.40 but issued out as 396.40 or…

Many managing agents are concern that by signing up the full year subscription of our MCST plan, the contract or project may be terminated any time in short notice, thereby leaving the remaining subscription remains “unused”. When the project is big, the amount committed to subscribe Realtimme cloud MCST plan may be by the thousands…