ThomsonReuters
JUNE 9, 2023
The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession.
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. In the bustling world of business, financial statement profits may grab the headlines, but it's cash flow that keeps the lights on.
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Basis 365
FEBRUARY 28, 2024
Accountants provide: Ensuring Accrual Accounting: Accountants understand the importance of accrual accounting. Performing the Month-End Close: Accountants play a crucial role in the month-end close process. This paints a more accurate picture of financial performance over time.
Accounting Seed
NOVEMBER 23, 2022
Managing Accounts Receivable Manually If your accounting system is on a cash basis, AR isn’t an issue. If you use accrual accounting, you record transactions as soon as you earn the money. This requires crunching more numbers than cash accounting, but it gives you a better perspective on your income.
inDinero Accounting
MAY 1, 2024
Compliance : Consistent financial reporting must comply with accounting standards, regulations, and laws. Accountability : Consistent financial reporting helps hold management accountable for the company’s financial performance. Non-compliance can result in penalties, fines, or legal consequences for the company.
SchoolofBookkeeping
DECEMBER 15, 2024
In this Workshop Wednesday, we dive into the intricacies of managing Accounts Receivable (AR) in QuickBooks Online (QBO) and QuickBooks Desktop, addressing common mistakes and offering practical solutions. Understanding these differences and how they apply to your business can significantly impact financial management and tax planning.
Basis 365
FEBRUARY 1, 2024
Carefully analyze your business activities and consult with an accountant to determine the method that best aligns with your goals and ensures regulatory compliance. In most cases, you should choose accrual accounting. This may require assistance from a trained accountant.
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