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Better off on Xero: Steps to process and finalise payroll

Xero

Preparing your payroll to make finalisation as easy as possible come July. Check your employees’ records As part of Single Touch Payroll (STP) , there are key compliance requirements that affect the way employees are set up in Xero. A good place to start? Completing your EOFY is better off on Xero.

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Use Payroll Reconciliation to Record Your Books Accurately

Patriot Software

As a small business owner, payroll is one of your biggest expenses. You need to make sure you run payroll and record it in your books correctly every time. Check your general ledger entries with payroll reconciliation for accurate accounting and payroll records.

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Internal Controls To Prevent and Detect Fraud at Small To Medium-Sized Not-for-Profits

Withum

It is infamous in the accounting world and important that it is an “intentional” act. Most not-for-profit organizations have budgetary constraints and lack the ability to pay for full-time and robust accounting departments. The F word: Fraud. But why does it happen? How does it happen?

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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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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.

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Benefits of Matching Financial and Non-Financial Data

Withum

With all these different funding sources, it is imperative that healthcare-related not-for-profits have a general ledger system that can support both financial reporting and operational efficiency. A general ledger system is a software application that records and summarizes the financial transactions of an organization.

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How to Recognize and Prevent Five Common Forms of Occupational Fraud

CPA Practice

Common examples include unauthorized withdrawals, transfer of funds to personal accounts, pocketing cash receipts, stealing petty cash and writing checks to fake vendors. Companies should also conduct regular reviews of AR aging and customer accounts, manual journal entries and vendor lists.