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How to spot accounting fraud

ThomsonReuters

When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. a misrepresentation, information omission, or other misconduct ). The Enron scandal.

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Reconciliation in Accounting: Difficulties in Reconciling the Accounts

Snyder

Financial statements provide a snapshot of a company’s financial health. They give a broad overview of a business and serve as an indication of its intercompany financial management, profitability, solvency, and liquidity. However, these indicators are only good when you reconcile the accounts properly.

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Bookkeeping vs. Accounting: What’s the Difference Between Bookkeepers and Accountants?

Snyder

What does an accountant do? What are bookkeeper duties? Sometimes grasping the difference between bookkeeping and accounting can be tricky. Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. Is an in-house accountant a necessary investment?

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Accounting Technology: What it is and how it works

ThomsonReuters

From enabling online ordering to facilitating remote work to overcoming labor shortages, technology can streamline accounting processes , improve the customer experience, and help scale businesses—even amidst a challenging backdrop. What is accounting technology? What is accounting technology? . Accounting?technology?is?the

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Making the most of accounts payable automation

ThomsonReuters

If you are an accountant working within accounts payable, chances are you’ve got an interest in automation. From understanding the why and the how, to knowing what to look for, let us be your guide to accounts payable automation. Resolving the accounting records. How can I improve my accounts payable?

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An Essential Guide to Accounting and Basic Accounting Principles for Beginners

Snyder

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? Let’s find out what’s really under the hood. .

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How Do You Record Ecommerce Sales in Accounting?

xendoo

Many ecommerce owners understand the importance of making sales, but do you know how to record ecommerce sales for your accounting system? No matter if you sell products online through Amazon, Shopify, BigCommerce, Walmart, or Etsy, you’ll need an accounting system to manage finances. What is accounting for ecommerce?

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