Shay CPA

JANUARY 31, 2024

Stay up on lease accounting requirements Lease accounting has changed a lot in the last five years. With new changes to generally accepted accounting principles (GAAP) from the Financial Accounting Standards Board, companies have had to adjust how they report their leases. These are all very general, though.

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Accounting Seed

JANUARY 4, 2023

Even in the 21st century, it’s still possible to do your bookkeeping with paper spreadsheets or account books. If manual accounting works for you, nobody can force you to change. Accounting standards are the same whether you use ledgers or laptops. What is a Manual Accounting System?

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Snyder

NOVEMBER 17, 2022

We’ve compiled some great examples of accounting blogs to help you stay up to date on breaking news, the latest accounting software, cloud accounting, taxes, finance trends and so much more. So let’s begin our journey to the land of accountancy! Are accounting blogs only for accountants?

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inDinero Accounting

JUNE 29, 2023

The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. The components of GAAP can be broken down into two main categories: accounting procedures and reporting standards.

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Ryan Lazanis

APRIL 18, 2023

Here is an example from Digits , where AI can assist accountants in raising questions about client transactions: This AI creates questions for accountants to send to clients or modify, saving them time and effort from retyping. However, getting started with accounting AI can be a daunting task for many organizations.

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Account accountant accounted Technology 96

Basis 365

APRIL 25, 2023

As a business owner, managing your finances and keeping accurate records of your transactions is crucial for the success of your venture. However, accounting can often be complex and overwhelming, especially if your books could be more well-organized. This is where the concept of "cleaning up the books" comes into play.

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Cherry Bekaert

JUNE 9, 2023

The use of the technology can also provide access to new sources of capital and support overall marketplace innovation, such as the emergence of decentralized finance (DeFi) technology. Cherry Bekaert’s Accounting Advisory , Tax and Cybersecurity professionals are at the forefront of the digital assets and cryptocurrency landscape.

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Accounting Seed

JULY 21, 2022

Target maximum revenue, growth, and profit with this in-depth startup accounting guide. Like many startup owners, you may have more passion for sales than for bookkeeping, but managing the money is essential to success. Let’s get you “in the green” with this quick, info-packed startup accounting guide. The result?

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ThomsonReuters

JANUARY 18, 2024

In general, an accountant’s job description includes common accounting tasks such as: Performing risk analysis evaluations. Ensuring the accuracy of bookkeeping and that the bookkeeping is compliant with state and federal laws. Recording expenses and preparing financial reports. Working with external auditors.

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inDinero Accounting

MAY 1, 2024

No matter how big or small your business is, whether you do your own bookkeeping or you have an entire accounting team, there are three financial reports that all entrepreneurs must know like the back of their hands. Compliance : Consistent financial reporting must comply with accounting standards, regulations, and laws.

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Cherry Bekaert

APRIL 10, 2023

At the same time, technology is disrupting the traditional role of accountants and changing the nature of the profession. Some routine accounting tasks, such as data entry and bookkeeping, are increasingly being automated through technologies such as artificial intelligence (AI), robotic process automation (RPA) and cloud computing.

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Account accountant accounted Technology 75

Xero

DECEMBER 13, 2023

At the same time, the release of the sustainability standards by the International Sustainability Standards Board (ISSB) could see reporting on carbon emissions no longer be optional for businesses. The ISSB standards could very well bring in a new era of compliance and become the basis of accounting standards in 2024.

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ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . income statements, balance sheets, and cash flow statements) capture the operating, investing, and financing activities of a company through various transactions. Financial statements (i.e., Learn more.

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Going Concern

FEBRUARY 2, 2024

Firms are emphasising communication abilities more than ever in recruiting and training because they understand advisory capabilities directly impact an accountant’s worth. Over intervening decades, investors have pumped billions into startups developing software to automate bookkeeping, auditing, compliance and tax filing.

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CPA Practice

JULY 27, 2023

Bookkeeping : Regular bookkeeping tasks such as data entry, managing accounts payable and receivable, and reconciling bank statements can be quite time-consuming, especially for larger clients with complex financial situations. This often involves research and training to ensure the firm and its clients are compliant.

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xendoo

OCTOBER 27, 2022

You need to understand how to recognize your revenue and record it on the profit and loss statement to do accounting properly. We’ll take a closer look at deferred revenue and what you need to know for your bookkeeping and accounting. . If you overdo it, you may misrepresent your earnings and violate accounting rules. .

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Ryan Lazanis

JUNE 8, 2023

5) Get Technical Help Several accounting processes may require complex technical knowledge to accomplish. Within accounting forums, you have access to a diverse community of accounting and finance professionals qualified to provide technical help and tips.

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ThomsonReuters

APRIL 18, 2023

accounting standards require prior statements to be corrected and the corrections to be disclosed. The CPA will judge the information based on how well it complies with accounting standards. What is a financial statement restatement? When there are errors in financial reporting, U.S.

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