Remove audit Remove Finance Remove financial statements Remove general ledger
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Streamline Your Audit’s Inventory Counting Process With Cloud ERP Solutions

Withum

This is where modern and efficient cloud Enterprise Resource Planning (ERP) solutions come into play, providing comprehensive tools and benefits that streamline the inventory processes for your company – resulting in simplified and more accurate audits.

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Steps to Clean Up Accounting Records: A Checklist

xendoo

Ensure Compliance for Fiscal Year-End or Financing Opportunities. If your company requires a set of reviewed or audited financial statements, you’ll need a clean set of books. During a financial review or audit, accountants will ask to see documentation of expenses and income.

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Best Practices for Nonprofits

Withum

Many nonprofit organizations have limited resources and often the finance team also supports the general operations. Accurate and timely financial statements are vital to making informed business decisions. Accounts receivable balances in the general ledger should be reconciled to the subsidiary ledger monthly.

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Empowering Financial Excellence and Fostering Student Success with Sage Intacct

Cherry Bekaert

Compliance: In preparation for a successful annual audit, the establishment of accurate financial statements was critical. With the guidance of Cherry Bekaert, the deployment of Sage Intacct helped Stravos adhere to legal and regulatory requirements that govern financial reporting, data security, privacy, and taxation.

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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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It’s That Time Again…. How to Get a Head Start on your Annual Incurred Cost Submission

Cherry Bekaert

Year-end financial statement audits are going on, you are working with your accountant on your tax returns hoping to complete on time, and just around the corner, you are required to submit your Incurred Cost Submission (“ICS”). Allow sufficient time to compile your company’s financial data and adequate internal review.

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Accounting “Irregularities” Can Signal Fraud

FraudFiles

Irregularities that point to the possibility of fraud can range from simple things like unreconciled accounts and unusual account balances to more complex problems like “on top entries,” which are made after the books are closed in order to manipulate the numbers ultimately reported on the financial statements.

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