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The Difference: Cash Basis Accounting vs. Accrual Accounting

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As a business owner, accounting methods may not rank that high on your list of passions, but understanding cash basis accounting vs. accrual accounting can be vital to your company’s health. . Cash basis and accrual accounting represent the two major methods of accounting used by financial professionals.

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Top 5 Best Virtual Accounting Services for 2021

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In not-so-recent history, outsourcing services such as bookkeeping or accounting was perceived as limited to just the basics—data entry, processing reports, and automated functions. With our eyes firmly on what can be done in 2021 and beyond, we’ve pulled together the top virtual accounting services you should expect in 2021.

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How to Set Up Accounting for a New Business: A Full Guide

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As you try to figure out which need to prioritize in your new venture, it is crucial that you first learn how to set up accounting for a new business. While it might seem mundane, good accounting is integral to the success of any business. We will take you through the essentials of setting up your accounting for a new business.

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3 Tips for Catching Up Your Books

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Bookkeeper ” should never be one of them. Some owners handle their own accounting, thinking they can do it all. Staying current with your bookkeeping will allow you to provide this documentation and increase your chance of receiving these funds. You’ll also need to pay attention to your company’s accounting method.

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What Type of Accountant Does Your eCommerce Business Need?

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Chances are that your accounting and bookkeeping needs are low on your list of priorities, but that can come back to bite you. Managing your own books may seem like a cost-saving strategy, but many online merchants lack the time or expertise to stay up-to-date and in compliance. Types of Accounting for Your eCommerce Business.

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Top Online Bookkeeping and Accounting Services for 2021

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Good business bookkeeping is vital for any successful company, both for legal and financial reasons. Accurate information from bookkeeping is not only necessary to know where your business stands financially at a given moment, but it is also essential for strategy planning, managing cash flow, and predicting profitability. .

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CPA Solutions for Amazon Sellers

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If you’ve been using an Amazon FBA (Fulfilled by Amazon) account, then you might already be familiar with the administrative fees associated with warehousing, packing, shipping, and customer service. But there’s another need you’ll have to consider: accounting and bookkeeping. They Understand the Industry. Amazon’s fees.

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