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Preparing for Your First Audit – Steps to Follow for Consumer Products Companies

Withum

Although an independent financial statement audit may not gain the day-to-day attention of management the same way as growing revenue or projecting cash flows; for many, there will come a time when an audit becomes a vital part of the company’s lifecycle. Auditors can only work as quickly as the requested information is provided.

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Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

Accounts payable (AP) , is the list of all amounts a company owes to its vendors. Generally, when an invoice is received, it’s recorded as a journal entry and posted to the general ledger. Still have other questions about accounts payable? Check out our accounts payable FAQ.

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Technology is Enabling Centralized Global Statutory Reporting

ThomsonReuters

The good news is technology can now support consistent, accurate, automated global reporting and alleviate local issues related to language translation and country-specific tax rules, document formats and filing requirements, and generally accepted accounting principles. _. Watch the entire episode.

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The Best Staff Accountant Job Description Template

Ryan Lazanis

Bank Account Reconciliation : Staff accountants maintain accurate bank account records by diligently reconciling financial records with bank statements, promptly detecting and addressing discrepancies. Handle accounts payable and accounts receivable functions, including invoice processing and collections.

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Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

creating general ledgers, organizing financial statements, and handling pricing and invoicing. The Philippines is obviously one of the beneficiaries of this shift but the rise in virtual assistant bookkeepers are creating a shortage in accounting professions among medium and large firms.

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How to Avoid Mistakes in Accounting: 5 Common Accounting Mistakes

Snyder

Clutch report states that 95% of small businesses are confident in the accuracy of their financial statements, and 30% of business owners also believe that they’re overpaying taxes. Want to brush up on basic accounting principles or small business accounting ? Read our essential guides to accounting for beginners.

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