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Reconciliation in Accounting: Difficulties in Reconciling the Accounts

Snyder

However, these indicators are only good when you reconcile the accounts properly. The account reconciliation process is an integral part of business, which helps to connect accounting with bank statements, records with cash, and protect the business from any discrepancies. . What is account reconciliation?

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3 Components of Sales Tax to Not Forget

TaxConnex

You might think that collecting the tax and filing a tax form is all you need to be sales tax compliant. Ideally, all your sales tax calculations are managed in one system to produce a single report each month with details of all your sales and use tax liabilities. Once a sales tax return is prepared, it must get filed and paid.

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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable. . Accounts payable and accounts receivable are two different sides of the same coin. Without a deep understanding of your accounts payable and receivable, you could face costly setbacks.

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Cloud-Based Accounting: Sage Intacct’s Modern Solution for Businesses

Cherry Bekaert

Accounting , fondly known as the ‘language of business,’ tells the story of how a business is performing. 1) Fast-forward to present day and the fundamental concepts performed by modern bookkeepers and accountants remain, but functionality and performance look vastly different in the age of all things digital.

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Ecommerce Accounting 101

xendoo

Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. This guide will cover this and more: Bookkeeping and accounting for eCommerce. Types of accounting software. How do you do eCommerce accounting? What does an eCommerce accountant do?

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5 Crucial Pieces of Your Sales Tax Compliance Filing Process

TaxConnex

Once you’ve determined your requirement to collect and remit sales tax, you’ve set-up a process to charge sales tax, and you have registered with each required state, you need to consider how you will manage the return filing process. Contact us to learn more about how we can take sales tax completely off your plate.

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Accounting on Salesforce Guide

Accounting Seed

The Ultimate guide to accounting on Salesforce The Ultimate Guide to Accounting on Salesforce shows you how to save time, money, and stress, all while making your data-informed strategies more powerful. Everything from the lead to the general ledger can be done in a matter of clicks in a single view.