Accounting Insight

MARCH 20, 2023

The accounting sector is subject to profound change as the digital transformation of the entire financial industry continues to power on. Accounting technology and IT support will have a big impact on how companies operate, with technology solutions set to support and not replace accountants.

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Basis 365

MAY 23, 2023

One solution that many CFOs are turning to is outsourcing their company's accounting and accounting tasks. In this blog post, we will discuss why CFOs love outsourced accounting services and the many benefits that they provide. Accounting requires significant time and resources, which can drain a company's finances and staff.

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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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ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow. Is accounts payable a revenue?

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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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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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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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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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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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Basis 365

JUNE 22, 2022

Finances can be confusing in the ever-changing world of eCommerce accounting. You can rely on the services of an outsourced accounting company to help you stay ahead of your competitors. Outsourced accounting provides financial diagnostic tools for eCommerce businesses. What should you look for in an eCommerce accountant?

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Steve Feinberg

APRIL 11, 2023

So, when it comes to finding shortcuts and other ways to keep the contracts coming in, accounting systems for web designers can help keep your workflow on track and ensure you get paid when you need to. Shifting deadlines, unpredictable client changes to deliverables, and an unsteady cash flow are realities for web designers.

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Snyder

MAY 24, 2022

That means hiring a knowledgeable staff that can assist with accounting tasks. The good news is that there are several accounting processes you can do yourself. Let’s take a look at the areas of accounting you can do on your own and the best ways to do them. 3 ways to account for inventory costs in retail accounting.

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inDinero Accounting

JULY 2, 2021

Automated accounting saves time on, well, counting, and sorting, comparing, and categorizing data. Instead, automating such tasks enables accounting professionals to focus on building scenarios, testing for desired outcomes, and advising business decisions with richer insight. Automating accounting affects your business.

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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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CPA Practice

FEBRUARY 9, 2024

And they’re very strong about the ownership of the data, which is the other main thing we like about this particular mid market product. We’ll talk to you again in another accounting Technology Lab. And they do allow deployment either on their data centers or premise based. Have a great day. =

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Accounting Seed

JULY 21, 2022

Target maximum revenue, growth, and profit with this in-depth startup accounting guide. If you fail to set up a robust and scalable accounting system from day one, your business will suffer from financial errors, poor planning, growing pains, and a high potential for failure. Challenges For Early-Stage Startups. Cash Or Accrual?

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Ryan Lazanis

NOVEMBER 17, 2022

Every accounting firm owner knows that customer relationship management (CRM) is essential to success. Fortunately, there’s a lot of excellent software available right now that will help you stay on top of your game. What is a CRM for Accountants? Why Do Accounting Firms Use a CRM? What is a CRM for Accountants?

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Reckon

MARCH 20, 2024

In the realm of finance and accounting, the cash flow statement stands as a critical document for assessing the financial health and performance of your business. One of the main advantages of creating a cash flow statement is that it can help uncover discrepancies between reported profits and actual cash on hand.

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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.

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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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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

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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PYMNTS

MARCH 18, 2020

Employing accounts payable (AP) automation solutions can help smooth onboarding and streamline the data collection and analyzing processes, removing the many friction points that are prone to legacy systems. How a business begins a relationship with a supplier can determine how lasting — and profitable — that bond becomes. About The Tracker

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CPA Practice

OCTOBER 18, 2023

While every industry has outliers when it comes to technology adoption, i.e. adoption that is either faster or slower than the median for a particular group, historically, the accounting profession has trended toward inertia when it comes to making technology changes.

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Snyder

OCTOBER 12, 2022

This article might be useful for those choosing their career path in accounting or aspiring to change jobs as well as for owners of businesses who are considering various accounting solutions for their business. Current situation in the accounting industry. Accounting solutions. Bookkeeper vs accountant.

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Basis 365

DECEMBER 18, 2023

Accrual accounting is important for many reasons when analyzing the performance of your business but your income statement profit is not the same as your cash flow. Manage Working Capital Changes: Track the change in your current assets and liabilities (inventory, accounts receivable, accounts payable) between two periods.

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xendoo

MARCH 17, 2022

Many small businesses trust Xendoo with their financials, but we understand that choosing the best bookkeeping and accounting solution is a big decision. . Whether you use accounting software to do your bookkeeping or work with an ecommerce bookkeeping service, your solution needs to keep up with the many complexities of ecommerce.

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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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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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Accounting Insight

OCTOBER 7, 2022

UNIPaaS offers a one-stop, white-label solution which integrates seamlessly with accounting software for businesses. We are looking forward to meeting the Northern Ecosystem of the accounting industry, mainly vendors and accountants, exposing them to our new innovative solution. What do you do? Find them on stand E6!

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TaxConnex

MAY 24, 2022

Nearly half the attendees of a recent TaxConnex webinar on multi-channel selling use direct/retail eCommerce as their main avenue of sales. Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever. We hear this question frequently.).

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Snyder

NOVEMBER 1, 2022

Accounting software is the primary operational tool for bookkeepers and accountants. With a large selection of products available on the market, it’s possible to pick the one that best addresses the unique needs of your accounting firm and your clients. . How to Choose the Right Accounting Software for Your Business?

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Accounting Insight

FEBRUARY 6, 2023

And, for accountants and bookkeepers, many may be recovering from overdrive mode after a scramble to manually piece together information and submit correct numbers on time. But the January deadline does not have to be the cause of accountant or bookkeeper burnout. But this software is actually just a tool to make their lives easier.

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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 ? Which software is suitable for restaurants? as well as account for damages which occur from time to time. Automating the routine: restaurant accounting software.

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Reckon

JULY 27, 2022

Paul frequently calls on his dad – retired accountant Harry – for business advice. I’m lucky that my father, Harry, worked as an accountant for many years,” shares Paul. Sarah is one of the main people at work who I lean on. WPS uses Reckon payroll and accounting software “because it’s so easy”.

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Cherry Bekaert

JANUARY 31, 2024

Sage Intacct is a robust, cloud-based financial management and project accounting solution and is and an excellent fit for many industries, including the construction sector. Notably, Sage Intacct is the first and only AICPA-preferred accounting solution.

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inDinero Accounting

DECEMBER 22, 2021

With reliable enterprise accounting software, businesses can have up-to-date information about their finances in real-time. However, with so many options on the market today, finding the right enterprise accounting software can be difficult, especially if you don’t have in-house experts to help you navigate the process.

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