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Use a Suspense Account for Questionable Transactions

Patriot Software

Sometimes, you don’t have all the necessary information for accounting. Missing or incorrect details can derail your bookkeeping efforts, but you need to record every transaction. Use a suspense account when you’re not sure where to record general ledger entries. What is a suspense account?

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Botkeeper Rolls Out Its New Infinite Platform to Firms

CPA Practice

Accounting software company Botkeeper has released its Botkeeper Infinite solution, which helps to streamline automated bookkeeping and back-office accounting for firms of all sizes without the need for outsourcing. Botkeeper heralds Infinite as a “complete solution” for firms’ bookkeeping needs.

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Steps to Clean Up Accounting Records: A Checklist

xendoo

Taking steps to clean up accounting records can be a big undertaking for small business owners. You may diligently record your accounting transactions or have hired someone to take care of accounting for you. There are many reasons to have clean accounting books each month. When and Why You Need to Clean Up Your Books.

Account 111
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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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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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Outsourced Accounting Frequently Asked Questions (FAQs)

Cherry Bekaert

Contributor: Veronica Vannoy Cherry Bekaert offers outsourced accounting services to businesses that want to reduce costs, improve efficiency and focus on core operations. Our certified accounting professionals produce accurate and timely financial reporting, while ensuring confidentiality and data security.

Account 81
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Best Online Bookkeeping Software for Small Business

xendoo

Bookkeepers and bookkeeping services can be a small business owner’s best investment. Bookkeepers save small businesses money by keeping their books in order and providing accurate financial reports – giving the small business owner more time to do what they do best. . What does bookkeeping software do?