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Happy International Accounting Day!

Going Concern

Making him an excellent figurehead for accounting, really. It’s important to note that while Pacioli is often credited with the development of double-entry bookkeeping, he did not invent the method and is instead considered the first person to describe the method already used by Venetian merchants in literature.

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Accounts Payable vs. Accounts Receivable

Patriot Software

As a small business owner, setting up your accounting books and maintaining accurate records is essential. To make that happen, you need to be familiar with accounts payable and accounts receivable. What is the difference between […] READ MORE.

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Accounting Cost For Small Business: How Much An Accountant Costs Your Small Business

Snyder

Business owners are fully aware of the importance of accounting, but how much should they expect to pay for it? A business owner must understand how much, on average, business accounting costs. After all, accounting, as an integral part of a business, is something not to put aside. You record transactions in your books.

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How firms can create inclusive workplaces to retain LGBTQ+ accountants

ThomsonReuters

The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession.

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Monday Morning Accounting News Brief: Inside PwC When Scandal Breaks; SCOTUS Makes CPAs Nervous | 8.5.24

Going Concern

Important quote: “To me, the idea of value pricing is that someone is buying a relationship, not a transaction.” — Paul Miller, President of Business by Design, Edina, MN Anyone looking to bring their accounting practice into the 21st century should give that a look. Accounting is the DNA of capitalism. This neglect is misplaced.

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What Accounts Are Debit and Credit?

xendoo

Most business owners understand that they need to keep track of their income and expenses but many get tripped up when figuring out what accounts are debits and credits. By getting a firm grasp on the concept of debits and credits, you’ll have a leg up when it comes to completing your accounting accurately. What Are Debits and Credits?

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Role of CPAs in the Overall Economy

Withum

Public accounting is a great profession performing a vital function for businesses, not-for-profit organizations and individuals in many different areas of the overall economy. My career was spent as a certified public accountant (CPA) and it was extremely rewarding since I was able to help many clients in many different situations.

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