SchoolofBookkeeping

FEBRUARY 24, 2024

Several notices have caused alarm from QuickBooks desktop customers, and they are asking what they should do. Recently, notices have gone out about Service Discontinuation (aka sunset), where Intuit requires desktop users to install a supported version of QuickBooks. Business Changes: Change in ownership or business structure.

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CPA Practice

NOVEMBER 3, 2023

The countdown is on QuickBooks Connect 2023 is on. The event, a three-day cloud accounting conference where accountants and bookkeepers can connect and get inspired – and have fun doing it. This is a great opportunity for attendees to network and reconnect with peers and friends before the main conference kicks off.

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Snyder

SEPTEMBER 29, 2022

Today we’re even more thrilled to announce that Synder is now not only available through Stripe App Marketplace , but is currently featured in two main categories: Accounting and Data and analytics ! Direct synchronization with your accounting software. What else does Synder have to offer? Well, fasten your seat belts!

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SchoolofBookkeeping

FEBRUARY 7, 2024

You can set up a deposit or retainer process for your company in QuickBooks Online. Create a liability account First, you need to create a liability account to track the amount of the retainers you receive from your customers. Select Settings ⚙, then select Chart of accounts. Select New. dropdown list. Select New.

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PYMNTS

JUNE 12, 2020

Stronger report functions for QBO Accountant and QuickBooks Online have come with a refresh of the accounting software programs in June. A new QuickBooks Desktop Enterprise level, which provides versions tailored to certain verticals as well as assisted payroll, also arrived with the revamp, Accounting Today reported.

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Snyder

FEBRUARY 27, 2023

One of the most important choices is related to accounting. Are you planning to hire an accounting professional, do it all on your own, install accounting software? Different types of business models have their peculiarities in accounting and it’s best to know it all at the very start. The decision is yours. Compliance.

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CPA Practice

FEBRUARY 9, 2024

Tankersley, CPA.CITP, CGMA 00:45 Okay, so Accu Matica is a entry level mid market prep application, which means that when you graduated from QuickBooks, and the basic general ledger type applications, and you need to get something to help you manage your business, and to, to go in and handle your handle your more complex needs.

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CPA Practice

AUGUST 11, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the 2023 Accounting Firm Operations and Technology Survey (AFOT). Today we’d like to talk to you about the accounting firm Operations and Technology Survey. So it’s it really, the bandwagon effect in accounting technology for accounting firms, is very real.

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xendoo

JUNE 13, 2022

Every business should have a chart of accounts. We’ll explain everything you need to know and include an example chart of accounts below. Note, if you use Xendoo for your accounting , we can set up and maintain your chart of accounts for you. . What Is the Chart of Accounts? Chart of Accounts Types.

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Ronika Khanna CPA,CA

JULY 14, 2023

A chart of accounts is the structural framework for any business accounting system. Similarly, a chart of accounts is a type of categorization arrangement for your financial data. Consequently, it is important to spend some time thinking about a chart of accounts that fits the profile of your business.

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Snyder

JANUARY 26, 2023

Driving those numbers upwards should be applied not only at the sales and marketing level but the accounting level too. Improving your cash flow metrics with a smart accounting feature like a recurring invoice is a great example of how accounting software can become a reliable partner in your business venture. Contents: 1.

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PYMNTS

JUNE 1, 2018

A product launch from QuickBooks seeks to profit from one of the main ongoing trends in payments now: getting wages to independent contractors as quickly as possible. QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll. In fact, 30 percent of U.S.

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KROST

FEBRUARY 23, 2022

Did you know that we provide Client Accounting Services (CAS)? CAS can be a cost-effective way to have high-level financial reporting without having to hire a team of Certified Public Accountants and accounting professionals. At its core, CAS is a shift from traditional compliance-based accounting to a 360-advisory mindset.

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PYMNTS

SEPTEMBER 21, 2016

A new company has entered the market of cloud-based accounting for small businesses, and it isn’t shy about taking on the competition. Australia and Canada after a soft launch of its SME accounting service in the U.S. TopNotepad announced plans to expand into the U.K.,

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xendoo

JANUARY 11, 2021

For many small business owners, accounting is definitely not their area of expertise. They know they’re probably making mistakes and missing opportunities that a pro would spot right away, but they don’t know if accounting services will save more than they cost. “How much do accountants charge for year-round bookkeeping services?”

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xendoo

FEBRUARY 23, 2022

As tax season looms, you may be wondering whether you should have an accountant prepare your taxes. In addition to considering how much an accountant costs , you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself. How Much Time Does it Take an Accountant to Prepare Taxes?

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Accounting Insight

FEBRUARY 7, 2023

Over two days , 8000+ accountants, in-house finance professionals and bookkeepers from all over the world will be returning to the capital for the free annual event. Accountex London is returning to ExCeL on the 10-11 May 2023 for its biggest show yet.

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Ryan Lazanis

SEPTEMBER 27, 2023

Offshoring: Here you are moving business processes and your in-house accounting team to another country, typically one with a lower labor cost structure. What makes offshoring unique is that you essentially maintain full control over the financial data processing, which might be interesting if you’re providing client accounting services.

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Ryan Lazanis

NOVEMBER 17, 2022

Every accounting firm owner knows that customer relationship management (CRM) is essential to success. In this blog post, I will discuss 13 of the best accounting CRM software options on the market that you can use today. What is a CRM for Accountants? Why Do Accounting Firms Use a CRM? What is a CRM for Accountants?

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Snyder

NOVEMBER 22, 2022

It can be hard to keep up with new opportunities and technologies in our rapidly changing and evolving world, especially in a professional field such as accounting. Why is accounting important? What are basic accounting principles? What is accounting software? Basic accounting and its secrets. Contents: 1.

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Going Concern

FEBRUARY 3, 2023

An email sent on Thursday to retired partners of the Big Four accounting firm, seen by the Financial Times, said US executives were considering a request to boost pension payouts or hand the retirees shares in the new consulting business. Louis accounting firms say demand drives surge in hiring for non-CPA professionals [ St.

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xendoo

MARCH 16, 2022

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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AccountingDepartment

SEPTEMBER 24, 2020

It was only just a few years ago when our teams sat among the huge main sessions (unthinkable these days!) of QuickBooks Connect and Scaling New Heights. We heard all about the future of cloud accounting, how machines would be taking over, and how we could best prepare for the future of automation and AI.

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Snyder

MARCH 8, 2023

If you’re running your accounting business and are looking to attract more clients, you probably noticed that the landscape has changed vastly. In this article, we’ll review how the working relationship between accounting clients and accountants and bookkeepers has changed and what the new challenges in this new market are.

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Snyder

AUGUST 29, 2022

Reconciliation is the process of identifying and correcting accounting mistakes, omissions, or inconsistencies in financial records. The main reason to reconcile is to ensure the accuracy and validity of financial information. To learn more about what reconciliation is, check our article “ What is Reconciliation in Accounting?

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Snyder

DECEMBER 30, 2022

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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Nancy McClelland, LLC

APRIL 5, 2024

It’s not without its quirks and issues, but overall it does a great job for a great price, and — key for the work we do — it syncs nicely with QuickBooks Online, as well as with Guideline Retirement, saving us oodles of time that we used to spend on benefit reconciliations. (In That day might be coming soon.

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Basis 365

FEBRUARY 27, 2023

Fortunately, accounting is a logical language and there are only so many variables that impact certain account types. Configuration is Critical Fathom will need to be connected to your accounting system to pull in the data required to perform the calculations. This isn’t easy for a non-accountant. Pick one and start now.

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xendoo

MARCH 26, 2021

Bookkeepers can manage accounts receivable and accounts payable for small businesses – they can create and send invoices, accept payments, and so much more. They use small business accounting software to reconcile bank accounts and lines of credit, and create vital reports such as Profit & Loss statements and Balance Sheets.

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CPA Practice

OCTOBER 3, 2023

such as ChatGPT are likely catalysts for change in the accounting profession. And by catalysts for change, I’m not thinking about change like when in 2000 accounting firms started talking about “going paperless” and then 20 or so years later they are almost there. Not only would you be their accountant and their advisor.

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CPA Practice

NOVEMBER 9, 2023

Intuit Accountants offers a range of products and services to help tax and accounting professionals stay ahead of the curve. Hot Keys (shortcuts) – Accelerate productivity with a compiled list of convenient, accurate, and fast shortcut key combinations while using main navigation, client tax returns list, and return navigation.

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Shay CPA

JANUARY 24, 2024

Plenty of small and medium-sized enterprises have been contracting with bookkeepers and accountants for decades. ” The evolution of financial services outsourcing Today, outsourcing bookkeeping or accounting services looks pretty different than it did even a decade ago. .” This is one area where outsourcing is nothing new.

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CPA Practice

MARCH 15, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, talk about the most productive and cost-efficient ways to use Microsoft 365 in public accounting firms. And you may know the current number, just like we know there’s a 300 user max on these business accounts right now, you may know the number of different Excel versions. March 2024.

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Reckon

OCTOBER 10, 2023

With decades of project management, process mapping, data analysis, and consulting experience spanning banking, government and the private sector, Michaela is now focused on helping small businesses set up affordable and simple-to-use accounting systems. Where will you start when offering small businesses accounting and software advice?

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PYMNTS

APRIL 8, 2019

“There are two main challenges for a business owner when it comes time to sell,” Hutchison told PYMNTS in a recent interview: how to price the business and how to aggregate financial data into a presentable state for prospective buyers. Cloud Accounting, Data Sharing.

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5 Minute Bookkeeping

JULY 29, 2021

If you’re looking for the best tips for taking on a massive undeposited funds cleanup in QuickBooks Online, this is the blog post for you. Tip #2: Reconcile business bank and credit card accounts. They invoice customers and receive payments via ACH, check, and QuickBooks payments. Tip #3: Diagnose the cause of the problem.

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5 Minute Bookkeeping

OCTOBER 28, 2021

Many businesses are switching to virtual offices, which opens up new challenges and exciting opportunities for accountants and bookkeepers. Accounts payable: Melio. Accounting software: QuickBooks Online Accountant. Accounting software: QuickBooks Online Accountant. Receipt capture: Dext.

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