SMBAccountant

JUNE 21, 2023

In this blog post, we will explore the differences between these two essential financial statements. Gains and Losses: This category accounts for non-operational activities, such as gains or losses from the sale of assets, investments, or foreign exchange. It includes common stock, retained earnings, and additional paid-in capital.

Non-Profits 130

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TaxConnex

SEPTEMBER 15, 2022

This will be a two-part blog series, the first part will focus on ensuring you have your sales tax obligations in order, and the second will look at how to help your audit go smoothly. Nexus is your company’s connection with a state or other tax jurisdiction that’s substantial enough for you to be accountable to that state’s sales tax laws.

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SMBAccountant

AUGUST 4, 2023

An internal audit is a form of internal control over accounting and business practices. Identify the specific areas or processes you want to examine, such as financial reporting, inventory management, or timekeeping. SMB Accounting and Consulting can be utilized as an unbiased third party to assist in internal audits.

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Xero

MARCH 13, 2024

Save time on sending invoices and reminders in the new year by using an accounting software that does it for you. You can do this online, with accounting software or through your myIR account with Inland Revenue. You may want to consult an accountant or bookkeeper for this step.

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ThomsonReuters

JANUARY 4, 2024

Make a personal stress inventory 2. Take advantage of wellness benefits The numbers are in, and they reinforce the mental health challenges facing accountants. Long hours and heavy workloads are nothing new for many accounting professionals. Here are some tips for helping accountants to reduce and manage stress: 1.

Tax 71

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SchoolofBookkeeping

FEBRUARY 2, 2024

Advanced Inventory Tracking inventory Using QuickBooks Online For years the outcry from the accounting community has been “QBO doesn’t track inventory” and when QBO was first unveiled (circa 2000), that was 100% accurate. The biggest question, is “where is my inventory source of truth?”

quickbooks 52

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Xero

MARCH 7, 2023

Instead of sending the invoice via email or PDF attachment — which have the potential to be tampered with — e-invoices are sent securely into your customers’ or suppliers’ accounting software. The customer or item is then saved to your contact list or inventory. You can only find this functionality in new invoicing.

accounting software 103

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Xero

APRIL 16, 2023

Build new automated workflows Complex layers of approval processes can hold up your accounts payable and receivable, no matter how large your business is. Another great option is Lightyear , which focuses on automating Purchasing and Accounts Payable. It can also link into point-of-sale and inventory as needed.

accounts payable 71

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Xero

AUGUST 21, 2023

This year’s US Roadshows were nothing short of inspiring, with accounting, bookkeeping and app partners showing up from all over the country to attend our events in Austin, Atlanta and Los Angeles. The post US Roadshow Accelerate: Xero brings the product announcements (and the noise) appeared first on Xero Blog.

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Acterys

JULY 10, 2023

In this blog post, we will explore the concept of AI within the realm of FP&A (Financial Planning and Analysis) and examine the potential benefits it offers in terms of generating valuable financial insights. Business leaders, including CFOs, are well aware of these technologies. applications.

Gaming 130

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Acterys

JULY 12, 2023

This blog will guide you on what vertical analysis is, how to perform it, and how it can help your business to scale through data-driven decisions. Furthermore, the operating expenses, such as selling and administrative expenses, account for 10% and 6% of net sales, respectively. What is vertical analysis?

financial statements 130

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5 Minute Bookkeeping

MARCH 25, 2021

As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books ! Many accountants and bookkeepers have been trained to do journal entries to fix the books. I know I was.

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Xero

MAY 24, 2022

To add a new inventory item , follow the ‘Add item’ link to the ‘Products and Services’ menu. You will need to refresh the page for the new inventory item to appear in the dropdown menu. To add a new account , follow the ‘Add account’ link to the chart of accounts.

Sales 93

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Xero

JUNE 8, 2023

Like many entrepreneurs looking to save money, you may think you can’t afford an accountant or bookkeeper. To find an accountant or bookkeeper who’s the right fit for your business, be sure to have a look at Xero’s Advisor Directory , using the filters to explore by industry or location. Looking for more year-end tips?

Retail 93

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ThomsonReuters

AUGUST 25, 2023

Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to minimize their tax liability. What is the purpose of making a provision for depreciation?

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Xero

NOVEMBER 30, 2022

This includes your contacts, your inventory items, and accounts in your Chart of Accounts. Any transactions using those contacts, inventory items or accounts will continue to default to 7% unless you update them. The button will help you update the GST rate on your contacts, inventory items and accounts.

accounting and finance 71

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Snyder

APRIL 25, 2022

When you have a successful business , it’s important to be able to track and manage your physical goods, and inventory management will help you with that. Whether you’re just starting out or have been in the game for a while, good inventory management for small businesses will maximize your profits and minimize expenses.

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Accounting Seed

FEBRUARY 3, 2023

Here’s how to take control What was once a gentle push and recommendation to take your accounting to the cloud has become a mandate. Many of the big-name accounting software providers such as QuickBooks are officially ending support for desktop solutions. Do you need multiple apps to make your accounting system work as desired?

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Xero

AUGUST 25, 2022

This is great news because as Chris said during our conversation, “what gets measured, gets managed” and it’s our hope that the insights this program provides will help shape policy, and assist academics, accountants, bookkeepers, and small businesses themselves to understand and improve this sector. Building a community-powered platform.

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Xero

FEBRUARY 5, 2023

It’s likely many small businesses have a lot of capital tied up in receivables and inventory that they could turn into cash, something Waddle , a Xero company, and Commonwealth Bank of Australia (CommBank) are solving with Stream Working Capita l. Cash flow is king again and freeing up cash could be the difference for many in the year ahead.

accounting and finance 70

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Xero

AUGUST 24, 2022

It was the perfect location to reconnect with our valued accounting and bookkeeping partners, and share some exciting plans for new tools and features designed to make inventory management, bank reconciliation and tax management simpler and more seamless. Giving you a clear picture of inventory.

bookkeeping 76

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Snyder

MAY 24, 2022

That means hiring a knowledgeable staff that can assist with accounting tasks. The good news is that there are several accounting processes you can do yourself. Let’s take a look at the areas of accounting you can do on your own and the best ways to do them. However, a retail business also has to contend with inventory.

Retail 52

Retail Account accountant accounted 52

Xero

NOVEMBER 15, 2022

GoCardless – Automatically debit your customer’s bank account when your Xero invoices are due with this bank-to-bank payment method. Unleashed Software – Inventory management for manufacturers, wholesalers and distributors so you can always see what’s in stock – and where – and manage your production and tracking effectively.

E-commerce 90

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ThomsonReuters

APRIL 14, 2022

The IRS will determine when to resume sending these notices based on the inventory of pending returns. The post IRS Suspends Issuance of Delinquent Filing Notices for Form 5500 and Certain Other Returns appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Contributing Editors: EBIA Staff.

Tax 98

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Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.

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Shay CPA

FEBRUARY 28, 2024

Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. You should make sure your year-end inventory has been completed and payroll’s been reconciled, for example. #2:

Tax 52

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Xero

JUNE 16, 2022

Complex approval processes can hold up your accounts payable and receivable. Stay on top of your inventory. Keeping track of inventory and its whereabouts can quickly get out of control, especially if your business is scaling. Streamline your workflow by automating your financial approval processes.

Technology 119

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Accounting Insight

MARCH 31, 2023

To add foundations to your ambitions, you need carbon accounting… What is carbon accounting? The term ‘carbon accounting’ summarises the process of getting said evidence. In our Charting the path to net-zero for businesses blog we showed that calculating emissions is a key stage in getting to net-zero.

Account 59

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ThomsonReuters

DECEMBER 8, 2022

HSA – Health Savings Account. IIAS – Inventory Information Approval System. Part 1 of 3) appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Health FSA – Health Flexible Spending Arrangement. HMO – Health Maintenance Organization. ICHRA – Individual Coverage HRA.

income tax 105

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Xero

MAY 23, 2023

And since Harvest integrates with Xero, you can automatically copy your invoices and payments to Xero for simplified accounting. Tip 3: Review your inventory It’s easy to get distracted by other factors of your business, but don’t forget to keep your inventory in check so you can meet the demands of the summer rush.

Start-ups 70

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FraudFiles

MAY 2, 2022

Miles Mason, a Memphis divorce attorney, has a great article on his blog called Grab the Documents: What Spouses Need to Copy for Divorce Lawyers. If you have access to any bank, credit card, or investment accounts online, it’s advisable to go into the accounts and download all available statements and supporting documentation.

Real Estate 52

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xendoo

JULY 26, 2021

In order to save their time and sanity, many partner with an online bookkeeping and accounting team. Accounting software . In this blog post, we will explore these key differences so that you can make the best choice for your business! This purchase is going to be made with cash out of the business account. . Free trial.

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Xero

APRIL 13, 2023

The post A sneak peek into what’s next for reports in Xero appeared first on Xero Blog. Check out our reporting playlist on YouTube , visit the tips and tricks panel in our most used reports, or reach out to the team at Xero Central if you need support.

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ThomsonReuters

FEBRUARY 1, 2024

Jump to: What are the GAAP accounting rules? Therefore, it is critical that organizations use standardize d accounting practices when reporting financial information to ensure the information is transparent, consistent, and comparable. Enter Generally Accepted Accounting Principles, more commonly known as GAAP.

Non-Profits 52

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Snyder

OCTOBER 31, 2022

How to add a blog to your Shopify store? This way, you can tweak your inventory using your real numbers (which can be a great path to increasing profitability). After that, you can manage your pricing, inventory and shipping options for your product. How to add a blog to your Shopify store? Blog posts ?

E-commerce 97

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ThomsonReuters

JULY 15, 2021

Automatic substantiation is also allowed at merchants that have an inventory information approval system (IIAS) in place to ensure that cards are used only for eligible medical care expenses. 4 (“Substantiation Rules for Merchants Using Inventory Information Approval Systems”). Contributing Editors: EBIA Staff.

Sales 98

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Xero

MARCH 5, 2023

Previous studies have shown that small businesses who connected five or more apps to their Xero accounts proved to be more resilient than their non-digital counterparts, showing them less likely to have experienced a drop in sales during the pandemic, and more likely to have retained staff.

payroll 75

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