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

Snyder

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. How to choose a bookkeeper? What a small business owner should know: what is bookkeeping?

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What triggers a sales tax audit and how do you reduce the risks?

ThomsonReuters

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible. What is a sales tax audit?

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Steps to Clean Up Accounting Records: A Checklist

xendoo

If that is not the case, you will need to take steps to clean up accounting records or use a catch-up bookkeeping service. . Clean bookkeeping means you don’t have to keep track of the client who is 90 days overdue on their payment or anticipate what your cash flow position will be next week. Be Ready for Tax Season.

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Accounting Basics for Small Business: A Simple Guide

Snyder

Go through business bookkeeping basics. In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making. Go through business bookkeeping basics. Contents: 1.

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Cloud-Based Accounting: Sage Intacct’s Modern Solution for Businesses

Cherry Bekaert

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. Enter the importance of a cloud-based digital financial management solution.

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Everything you need to know about accounts payable

ThomsonReuters

It includes all of the bills a company owes to vendors and suppliers for goods and services provided to the business before they are paid. Because accounts payable entries are not immediately paid, they are listed as a current liability on a business’ general ledger and balance sheet.

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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

The actual entries you record in your general ledger differ from business to business. The $1,000 is accounts payable, and you record it in your general ledger by crediting $1,000 on the supplier’s X account. Accounts receivable is an asset account on the general ledger and balance sheet.