Withum

APRIL 27, 2022

Accounts receivable balances in the general ledger should be reconciled to the subsidiary ledger monthly. Fixed assets schedules should be reconciled to the general ledger at least annually. . The organization should have a policy of reviewing past due balances each month and following up on its collection.

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Withum

JUNE 16, 2022

Outlier Detection for General Ledger. Once your bank or credit card transactions are imported you can easily record them into the general ledger and reconcile your accounts. Author: Amberlyn Casey , CPA | acasey@withum.com. The outlier detection will note if an entry is coded to an unusual account or dimension.

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CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

Technology 122

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TaxConnex

APRIL 4, 2023

First, consider engaging a specialist such as a CPA or sales tax expert to both keep you clear of audit triggers and to prepare you in case the taxman does come knocking. No matter how it happens, being audited also ranked among our survey respondents’ biggest worries when it comes to sales tax. Presenting your information is a balance.

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CPA Practice

OCTOBER 19, 2023

Transfer job cost and general ledger data to existing ERP. Automate applying prevailing wage and fringe rates for government funded projects. Manage and assign union wages and benefits. Create Certified Payroll and Union reports within the system.

Construction 120

Construction payroll general ledger payroll tax 120

Snyder

JUNE 20, 2022

You can choose how to deal with your small business accounting, several options are available: Employ a full-time specialist to cover your bookkeeping and accounting needs; Outsource accounting to an independent CPA or an accounting firm. Set up a general ledger. So let’s proceed to small business accounting basics.

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CPA Practice

MAY 26, 2023

With NetSuite for Government, agencies can automate: Core Fund Accounting: Helps agencies to efficiently manage finance and accounting with integrated general ledger, accounts receivable, accounts payable, cash management, statistical accounting, allocation schedules, and real-time reporting capabilities.

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CPA Practice

FEBRUARY 9, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss the Acumatica Summit, which they attended in Las Vegas in late January. So they would look at how many checks you wrote how many general ledger entries you made, how many, how many invoices you sent, and all kinds of other things like that, they would come up with a number.

Technology 65

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Shay CPA

DECEMBER 27, 2023

Finally, export and download the following to add to your file: General ledgers Financial statements Accounts payable Accounts receivable Obviously, you can’t just lock the door and walk away. Here’s What You Need to Know appeared first on Shay CPA. When you’re closing a tech company, there’s a lot you need to get handled.

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CPA Practice

SEPTEMBER 12, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss Audit Sight , a technology platform that eliminates manual work for auditors, diligence and private equity providers by automating financial transaction verification. Use the podcast player below to listen. But it’s all inside the platform.

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CPA Practice

MAY 26, 2023

With an experienced and trusted tax professional providing assistance, you can resolve the matter expeditiously.

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CPA Practice

MAY 25, 2023

With an experienced and trusted tax professional providing assistance, you can resolve the matter expeditiously.

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Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline.

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CPA Practice

JANUARY 23, 2024

This complementary pairing can help organizations collaborate across tax, finance, and other operational areas; collect and manage data from various source systems, including the general ledger, subledgers, and more; and better model future impacts of the new requirements. International tax compliance is incredibly complex.

general ledger 59

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Snyder

AUGUST 12, 2022

Those wishing to work for larger companies pass the examination necessary to become a CPA, a Certified Public Accountant, who can represent their clients before the IRS, work for a public company, and assist with an array of official bureaucratic and financial matters on all levels. Otherwise, you can outsource accounting to a CPA firm.

bookkeeping 98

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CPA Practice

JANUARY 5, 2024

Randy Johnston and Brian Tankersley, CPA, review Zoho Practice , a complete practice management software that streamlines accountant workflows for enhanced efficiency, collaboration, growth, and exceptional client service. Zoho has an accountant program that is zoho.com/cpa. Use the podcast player below to listen.

Technology 40

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Shay CPA

DECEMBER 7, 2022

General ledgers. The post Shutting Down a Tech Company – Some Tax/Accounting Tips appeared first on Shay CPA. Here at ShayCPA, we’ve seen countless examples of founders not filing FINAL tax returns and consequently finding out later on that they left multiple tax periods open. Don’t let that happen to you.

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CPA Practice

DECEMBER 11, 2023

CAAS AI Adoption Democratized: While larger CAAS practices rely on experts in machine learning and robotic process automation (RPA) to automate data processes, the integration of generative AI solutions with these tools will make them available to the rest of us “mere mortals.”

accounting firms 116

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Snyder

NOVEMBER 29, 2022

To even be eligible for consideration, a product must: have at least 20 unique user reviews in the last 24 months; be a stand-alone Small Business Accounting software product; offer the following features: For Small Businesses; Accounts Payable; General Ledger; Accounts Receivable.

E-commerce 52

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Anders CPA

JULY 12, 2022

While there is a lot of useful information in the accounting records, there is also a lot of evidence that is contained outside of the debits and credits of the general ledger. The post What to Expect During a Fraud Examination appeared first on Anders CPA. CONTACT ANDERS.

forensic accounting 97

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Snyder

OCTOBER 19, 2022

into the accounting general ledgers like QuickBooks Online (and more) without overloading them with excessive data. The Daily Summary feature allows the import of summarized daily totals of transactions from multiple sources, such as Stripe, PayPal, Amazon, Shopify, BigCommerce, Clover, etc.,

bookkeeping 97

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CPA Practice

AUGUST 3, 2023

BlackLine’s quick time-to-value 5-Day Fast Track includes: Implementation of BlackLine’s Modern Accounting Playbook (MAP) for Financial Close offering including Task Management, Account Reconciliations, and Transaction Matching solutions Set-up of a connector for ERP platforms most commonly used by midsize companies Data integration from multiple sources, (..)

general ledger 52

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Going Concern

SEPTEMBER 25, 2023

In that capacity, Urban was responsible for maintaining the company’s general ledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements. Therefore, there were no controls that could be evaluated.”

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CPA Practice

MARCH 4, 2024

For instance, an intelligent general ledger anomaly detector can analyze a company’s ledger data to identify irregular transaction clusters or booking patterns and extract data outliers for more investigation. As such, auditors can use AI capabilities to support risk detection.

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CPA Practice

OCTOBER 3, 2023

But with Billy the Bot now performing such time-consuming manual tasks as coding invoices to the correct general ledger accounts, the AP team has seen their responsibilities shift to projects that add much greater value to the business. Today, we think of Billy as a team member, not an AI.

AP Automation 59

AP Automation Technology Accounts Payable Automation accounts payable 59

CPA Practice

SEPTEMBER 23, 2023

Auto ERP Sync and Reconciliation : Expense-based transactions and reimbursements are automatically captured, processed and categorized by general ledger (GL) expense type for better visibility and are automatically reconciled at the entity GL level within the ERP system.

Expense Management 45

Expense Management Technology Finance Approval Workflows 45

Accounting Seed

JULY 21, 2022

You’ll be able to track all the financial data that forms the lifeblood of a startup, including revenue, expenses, payroll, and general ledger. For example, only a CPA can draw up audited financial statements for a publicly traded company. And as the old saying goes, what gets measured gets improved. Pay Vendors on Time.

accrual accounting 52

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ThomsonReuters

MAY 12, 2022

If your business has been selected for an audit, consider using a specialist, such as a CPA, a sales tax expert, or a tax professional who specializes in state and local taxes (SALT). Be prepared to produce additional financial documents, including general ledgers and sales journals. can help ensure a smooth process.

audit 105

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Snyder

DECEMBER 22, 2022

We introduced the long-anticipated Daily Summary feature that imports summarized daily totals of transactions from multiple sources to the accounting general ledgers without overloading them with excessive data. Daily summary sync. The system creates a single summarized journal entry for each integration every day.

E-commerce 52

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CPA Practice

SEPTEMBER 28, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, talk about the latest advances in rapid close / financial close software. So if we’re thinking about this, these tools do things like they’ll match up the transactions between the bank statement and general ledger and show you the exception.

Technology 52

Technology accounting software general ledger Account 52

CPA Practice

JULY 6, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss models for technology governance. And like said it, it almost seems like the kind of consultation I might have if I was leading a CPA firm tech committee retreat, and we were trying to look at the systems they’re using and figure out where they need to go.

Technology 98

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CPA Practice

JUNE 29, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Use the podcast player below to listen. Transcript is below the podcast player.) Podcast Transcript (Add apx 10 seconds to time stamps due to intro.) Randy Johnston 00:03 Well, good day. Welcome to Technology Lab.

Technology 52

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Snyder

DECEMBER 21, 2022

Among the features you can find: Cash management; Forecasting; Income & Balance sheets; Multi-department project management; Asset management; General ledger; Profit & Loss statements. NetSuite – Financial planning and budgeting software for mid-sized and enterprise businesses.

quickbooks 72

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Ryan Lazanis

JULY 11, 2023

Advanced degrees and designations such as a Master’s in Accounting, CPA, or an MBA can give candidates an edge. Here are my recommendations of the things you need to look out for: 1. Academic Background A bachelor’s degree in accounting, finance, or a related field.

accounting jobs 40

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Ronika Khanna CPA,CA

JUNE 25, 2021

Make sure to export all relevant reports and data since inception of your business, before deprecating your account, including: Balance sheets by fiscal year Profit loss by fiscal year General ledger since inception Trial balance by fiscal year Accounts payable details Accounts receivable details Supplier, customer, employee lists Sales tax details (..)

payroll 52

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MazumaBusinessAccounting

MAY 27, 2021

Luckily, Ben Sutton, Mazuma’s co-founder and CPA, took the time to explain how an income statement and balance sheet work. Or they can help you decide if it’s time to expand your business. As helpful as financial reports are, they can only help you if you understand how to read them.

Entertainment 98

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Snyder

NOVEMBER 1, 2022

Apart from your standard accounting features, Freshbooks provides Industry-standard double-entry accounting which supports a host of records, such as Cost of Goods Sold (COGS), General Ledger, Bank Reconciliation, Bank Sheets, and many others. It ensures that your debits and credits are accurately recorded.

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