Airbase

OCTOBER 23, 2023

In the world of finance and procurement, accuracy and accountability are paramount. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. In accounts payable, the primary benefits are: Catch fraudulent invoices.

accounts payable 130

accounts payable AP Automation Technology accounting and finance 130

Xero

NOVEMBER 27, 2023

We’re the first major small business cloud accounting software in the UK to offer on-platform bill payments using open banking. Set up bill payments in Xero now The new bill payments experience Our new bill payments experience means you can now complete your entire accounts payable workflow in Xero, from start to finish.

Technology 95

Technology accounts payable accounting software Start-ups 95

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? This blog explores the intricacies of the AP check run and actionable tips to fortify your financial processes. AP automation is crucial for modern finance teams to simplify payments and reduce manual steps associated with accounts payable.

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

CPA Practice

NOVEMBER 14, 2023

13-15, more than 2,500 accountants learned about many new product and feature innovations that will help them serve their clients through the QuickBooks Online ecosystem. Our 2023 event doubled down on how AI-driven innovations can help accountants and the small businesses they serve gain insights to make more informed business decisions.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

Dent Moses

APRIL 22, 2024

Beyond that, you simply supply your bank account number and routing number—the same information you provide with a printed check. For a deeper dive, review our previous blog post on IRS and Alabama electronic payment options HERE. Generally, rather than a delay, our experience has been the checks are lost and never clear.

Alabama 40

Alabama Tax tax return Account 40

Xero

APRIL 2, 2024

Pay invoices faster with batch payments in Xero When it comes to paying bills, traditional methods (like manual bank payments) can be slow and monotonous, especially when you need to make several payments. With batch payments, you can bundle several bills into one payment file before importing it into your bank account for processing.

Account 86

Account accountant accounted Tax 86

ThomsonReuters

JULY 25, 2023

The post Baker Tilly partner explains the power of automation in tax preparation appeared first on Tax & Accounting Blog Posts by Thomson Reuters. To learn more about how to implement automation in your firm, read the full interview with Michele Donohue.

tax preparation 98

tax preparation Technology Tax accounting firms 98

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. What are your methods for client communications? From there, look for opportunities to innovate and automate.

Technology 112

Technology Account accountant accounted 112

Basis 365

NOVEMBER 30, 2023

One critical aspect is the management of accounts payable (AP). Effective accounts payable strategies not only streamline the payment process but also contribute significantly to better cash flow management. Make sure your accounting team is implementing as many of these as possible.

accounts payable 102

accounts payable Account accountant accounted 102

ThomsonReuters

OCTOBER 31, 2023

One method to achieve this is depletion expense. In accounting, the depletion deduction enables an owner or operator to account for the reduction of the mineral property’s value or basis as a result of the extraction of those natural resources. When it pertains to standing timber, cost depletion is the required method.

Tax 59

Tax tax preparation Legal Account 59

Snyder

OCTOBER 27, 2022

This blog will teach you how to receive payments on Etsy , both including and apart from PayPal. This blog is a part of a series dedicated to the most popular e-commerce marketplaces’ payment solutions. List of payment methods that Etsy Payments offer. How is tax paid with an Etsy seller account. Fees and taxes with Etsy.

E-commerce 98

E-commerce accounting and finance Tax Sales 98

ThomsonReuters

AUGUST 25, 2023

Unlike how other expenses are recorded, this method deducts a portion of the cost of a fixed asset over a number of years due to declines in the fair value of that asset. This article will explore some of the differences and how accountants can better manage both book and tax depreciation. What is book depreciation?

Tax 52

Tax tax return accounting principles Account 52

ThomsonReuters

APRIL 25, 2024

Keeping up with these changes while ensuring compliance can be a daunting task for accountants, leading to potential errors and inefficiencies in the preparation process. But there is a solution. By analyzing large datasets, AI systems can help auditors and accountants detect irregularities.

Tax 52

Tax tax preparation tax planning auditor 52

xendoo

AUGUST 30, 2021

To take their time back, many business owners choose to outsource their bookkeeping and accounting. Accounting software . Accounting methods. In this blog post, we will explore these key differences so that you can make the best choice for your business! Accounting Software. Accounting Methods.

bookkeeping services 91

bookkeeping services bookkeeping quickbooks accounting software 91

Shay CPA

APRIL 3, 2024

With that in mind, our team of expert tech startup bookkeepers and accountants put our heads together. Organize according to GAAP If you’ve been following our blogs, you’ve probably seen this come up before. GAAP stands for Generally Accepted Accounting Principles. GAAP stands for Generally Accepted Accounting Principles.

bookkeeping 59

bookkeeping Finance accounting and finance accounting principles 59

ThomsonReuters

NOVEMBER 27, 2023

There are four methods to calculate personal use of a company car (PUCC): General valuation method. The Annual Lease Value Method. Employers may use the Annual Lease Value (ALV) Method if the vehicle is provided to the employee for the entire calendar year. The Cents-per-Mile Method. How do you calculate PUCC?

income tax 97

income tax payroll Tax Account 97

ThomsonReuters

FEBRUARY 1, 2024

Jump to: What are the GAAP accounting rules? Therefore, it is critical that organizations use standardize d accounting practices when reporting financial information to ensure the information is transparent, consistent, and comparable. Enter Generally Accepted Accounting Principles, more commonly known as GAAP.

Non-Profits 52

Non-Profits accounting standards Maine accounting and finance 52

ThomsonReuters

AUGUST 25, 2023

Take this example: Your business client purchased software in December 2022 to process payroll, accounts payable, and accounts receivable, but they didn’t put that software into service until January 2023. Depreciation and amortization are essentially the same concepts in accounting.

Tax 97

Tax Technology Manufacturing payroll 97

Mark Lee

NOVEMBER 7, 2023

l am regularly approached by accountants who want to know how they can get more clients. And many more accountants are asking each other similar questions in groups on facebook. Anyone who needs a new accountant’ is too vague. In my 5 Ms model I set these out as follows: Motive – What do you want? More clients’ is too vague.

Account 94

Account accountant accounted Start-ups 94

Xero

MAY 29, 2023

Back for another year, the Xero Singapore Awards are all about celebrating the incredible commitment and achievements of our accounting and bookkeeping partners who work tirelessly to help Singapore small businesses thrive. The post It’s about you and all that you do: Xero Singapore Awards 2023 appeared first on Xero Blog.

bookkeeping 67

bookkeeping Construction Manufacturing Education 67

Ryan Lazanis

MAY 17, 2022

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Marketing for Accountants 101. 1 Get Blogging. #2 Marketing for Accountants 101.

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

OCTOBER 5, 2023

Jump to: What is amortization in accounting? What are the different amortization methods? Some assets will fall under amortization accounting. Depending on the type of asset — tangible versus intangible — there are differences in the calculation method allowed and how they are presented on financial statements.

Account 52

Account accountant accounted Expense Amortization 52

ThomsonReuters

DECEMBER 1, 2023

A depreciation schedule is used to outline how a fixed asset ’s costs are expensed over its useful life, using the chosen accounting method (I.e., straight-line method, double-declining depreciation, etc.). Blog What is bond amortization? What does a depreciation schedule look like?

tax return 97

tax return Tax Transportation Non-Profits 97

ThomsonReuters

OCTOBER 13, 2022

ANSWER: The filing method—paper or electronic—depends on the size of the ALE. Regardless of the method used for filing with the IRS, ALEs must furnish Form 1095-C to each employee on paper, unless the employee affirmatively consents to electronic distribution. appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Tax 98

Tax Account accountant accounted 98

ThomsonReuters

OCTOBER 19, 2023

For those issuing the bond, amortization is an accounting tactic that has beneficial tax implications. Accountants can treat the bond like an amortized asset. Accountants can create an amortization schedule for the bonds payable. The straight-line and effective-interest methods are two common ways to calculate amortization.

auditor 52

auditor Tax accounting and finance Account 52

ThomsonReuters

DECEMBER 1, 2022

Would this delivery method satisfy ERISA? Use of a safe harbor method is not required, but compliance with a safe harbor ensures that the DOL (and, generally, the courts) will find a plan’s electronic delivery method consistent with the requirement that documents be furnished by a method reasonably calculated to ensure actual receipt.

Tax 98

Tax Account accountant accounted 98

Withum

SEPTEMBER 8, 2022

All publicly owned companies must have audited financial statements that contain a report of the registered independent accounting firm performing the audit. The Report of the independent registered public accounting firm provides their opinion that the financial statements were in conformity with U.S.

accounting principles 119

accounting principles auditor audit financial statements 119

ThomsonReuters

OCTOBER 20, 2022

In 2017, however, the IRS announced that plans could use a “summary substantiation method” for the safe harbor financial needs that are deemed sufficient to permit a hardship distribution. If you use a TPA, your TPA should be able to assist you in converting to the summary substantiation method. Contributing Editors: EBIA Staff.

audit 105

audit Tax Account accountant 105

ThomsonReuters

NOVEMBER 10, 2022

Nevertheless, if your plan is non-grandfathered and nonexempt, it must provide women access to the full range of contraceptive methods identified by the FDA, as prescribed by a health care provider (see our Checkpoint Question of the Week ). appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Tax 105

Tax Account accountant accounted 105

ThomsonReuters

SEPTEMBER 9, 2022

We all know accountants have a certain reputation for being methodical, organized, risk-averse, and some might even say, boring. But for those accountants who’ve answered the call to provide advisory services and being that valued business partner their clients need, the accounting profession can be one exciting ride.

Account 98

Account accountant accounted tax return 98

ThomsonReuters

AUGUST 25, 2022

ERISA’s fundamental requirement for participant disclosures is that the delivery method be “reasonably calculated to ensure actual receipt” and “likely to result in full distribution.” In addition, the plan administrator must ensure that the electronic delivery method results in actual receipt. Contributing Editors: EBIA Staff.

Tax 98

Tax Account accountant accounted 98

ThomsonReuters

SEPTEMBER 30, 2022

This notice, which replaces IRS Notice 2021-52 (see our Checkpoint article ), announces rates for use under the optional high-low substantiation method, special rates for transportation industry employers, and the rate for taxpayers taking a deduction only for incidental expenses. Contributing Editors: EBIA Staff.

Expense Reimbursements 93

Expense Reimbursements Transportation Tax Account 93

Inform Accounting

JULY 14, 2023

Many taxpayers are unaware that there is another method of paying HMRC in instalments, the difference being that only those taxpayers whose payments and returns are up to date can take advantage. Taxpayers can set up and manage their own BPP using their HMRC online account.

Tax 52

Tax tax accountant online accounting Government 52

Snyder

JULY 13, 2022

How to set up Managed Payments account on eBay. eBay Managed Payments: accepted payment methods. With the eBay Managed Payments possibilities, online store owners can sell and get paid in one place without any third-party interruption and transfer payouts directly to their physical bank accounts. Contents: 1.

E-commerce 98

E-commerce accounting and finance Sales quickbooks 98

Lockstep

JANUARY 4, 2023

If you manage accounts receivable (AR) and accounts payable (AP) for your business, you know how important it is to have a system in place to keep track of all incoming and outgoing payments. A shared accounting inbox can be a great way to do this, as it allows both AR and AP managers to see all payments in one place.

Account 92

Account accountant accounted accounts payable 92

Xero

DECEMBER 1, 2022

Set up foreign exchange bank accounts and bank feeds. By connecting your Xero account to Airwallex , you can extend these capabilities further. . “If Airwallex features include: Global accounts . Open 11 foreign currency accounts for free online, with no need to visit a bank. Receive bills and payments. 2.9% + 20p EEA.

Non-Profits 89

Non-Profits accounting and finance bookkeeping Expense Management 89

ThomsonReuters

MAY 15, 2023

The use of artificial intelligence (AI) has already had a tremendous impact in many industries, and the tax and accounting sector is no exception. The current state of AI in tax and accounting The use of AI in the tax and accounting profession is rapidly becoming more popular. How can AI improve advisory services?

Tax 98

Tax cpas Account accountant 98