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Bookkeeping vs Accounting: What’s the Difference? How Should You Choose?

LyfeAccounting

Regardless of what happens to that 20 dollars next, these transactions have started bookkeeping and accounting processes. But a lot of people are still confused when it comes to bookkeeping vs accounting. At LYFE Accounting, we’ve helped companies with their bookkeeping and accounting processes. Why do I need them?

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LeaseAccelerator, Clearlink Partner For SMB Lease Accounting Compliance

PYMNTS

Enterprise lease accounting software company LeaseAccelerator is teaming up with Clearlink Partners to help joint clients ease the administrative burden of complying with changes in lease accounting standards. The companies announced their partnership in a press release issued Wednesday (Aug.

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How Much Is a Tax Consultant?

xendoo

The National Society of Accountants (NSA) reports that tax consultants typically charge between $176 and $457. You can expect to pay higher fees for accountants based in a larger city with a high cost of living. A tax consultant is trained in tax law and financial accounting. Is a Tax Advisor the Same as an Accountant?

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Running Restaurants: A Comprehensive Guide to Restaurant Bookkeeping

Snyder

Many questions arise about restaurant accounting services, such as what is the difference between restaurant bookkeeping and accounting ? as well as account for damages which occur from time to time. Automating the routine: restaurant accounting software. Restaurant bookkeeping tips: Accounting methods.

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AI Systems Take Center Stage in 2023 Innovation Awards

CPA Practice

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.

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What are Days Sales Outstanding and How Can You Reduce Them?

AccountingDepartment

Day sales outstanding (DSO) is the term used to measure how much time it takes for a business to get paid for a product or service. The goal of a business is to keep the DSO as low as possible. The longer it takes a company to get its invoices paid, the greater the likelihood for a company to incur a cash flow problem.

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Top 10 Best Mac Accounting Software Solutions For Your Small Business

Snyder

However, when managing business finances , Mac users could face difficulties finding accounting software compatible with their operating system. Although the market for accounting software for PCs is still much wider, it doesn’t mean accounting solutions for Mac are a rare finding today. The simplicity of use.