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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

In that capacity, Urban was responsible for maintaining the company’s general ledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements. Both women are in their 30s, and both had been going to Flinchum for at least three years for tax preparation.

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Why Your Accounting/ERP System Is the Key To Successful Business Tax Preparation 

Withum

Increase data access, transparency, and internal visibility , especially with sales tax audits by providing physical location record information with audit trails. The taxing authority auditor’s request to pull invoices substantially decreased. Lessen the external auditor’s (e.g., Contact Us Good News!

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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. The accounting system is the basis for reports that must be provided to grant agencies, prospective donors, lenders, its independent auditors, tax preparers, the Board of directors and management. .

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Accounting Technologies: The 2023 Annual Guide

Ryan Lazanis

Take all of your accounting functions into the cloud, not just your general ledger. Over and above just automating completion of tax forms, however, we’ll also start to see tax planning become an automated technology, which is discussed later on in this article.

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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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Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

A report by Oxford University concluded that there was a 99% chance that tax preparers’ jobs would be automated and a 98% chance that it will happen to bookkeepers and accountants. If you’re looking to automate accounting processes in 2023, here are some steps you can take: 1) General Ledger Accounting Software.