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Bookkeeping and Accounting Terms: Relevant and Reliable Information

IgniteSpot

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ChatGPT Isn’t Terminator for Accountants…Yet

Going Concern

Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? Accounting is ridiculously rules-based: assets = liabilities plus equities; debits = credits; cash in > cash out, etc. Some of it already has been. Knowledge will still be power.

Account 114
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ARE ALL ACCOUNTING SERVICES THE SAME?

Basis 365

ARE ALL ACCOUNTING SERVICES THE SAME? COMPARING DIFFERENT ACCOUNTING PARTNERS CAN BE LIKE COMPARING APPLES AND ORANGES. ACCOUNTING SERVICES (OR OFFERINGS) ARE NOT ALL THE SAME. BREAKING DOWN THE DIFFERENT ACCOUNTING PARTNERS YOU MAY BE CONSIDERING AND WHICH ONE IS RIGHT FOR YOU. WHO CAN ADVISE YOUR BUSINESS?

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What Is Payroll Tax? A Breakdown for Business Owners

inDinero Tax Tips

How to Do Payroll Yourself Benefits of Outsourcing Payroll Conclusion Want to familiarize yourself with essential accounting terms and concepts for business owners? Download our accounting alphabet for entrepreneurs. In fact, that’s one reason why companies outsource payroll and other bookkeeping tasks.

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Debit vs. Credit in Accounting: What’s the Difference?

xendoo

Also, you probably didn’t realize that opening your own business would require you to become an accountant by default. Accounting is essential for every business, and you get thrown into the deep end when you start a new company. . Without training in this field, accounting terms can feel like a foreign language.

Account 52
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How to Make Sense of Your Small Business Financial Reports

MazumaBusinessAccounting

Even though we’re accountants, we get that financial reports aren’t at the top of every small business owner’s to do list. But whether you keep your own books or employ the services of a bookkeeper or accountant, understanding the numbers can help your small business just as much as it could help a large corporation.

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What Are Costs of Goods Sold?

MazumaBusinessAccounting

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. You may have even heard your bookkeeper or accountant refer to COGS as the cost of sales or services. What Are Cost of Goods Sold (COGS)?