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Xendoo vs. Pilot: Comparing Online Bookkeeping Services for Small Business Owners

xendoo

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.

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IRS Again Addresses COVID-19 Relief Applicable to Dependent Care FSAs

ThomsonReuters

The IRS has released another information letter responding to an inquiry regarding unused amounts in a participant’s dependent care flexible spending arrangement (FSA) account. for carryovers or a grace period) because cash-outs are not allowed. Available at [link]. Contributing Editors: EBIA Staff.

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Cash vs. Accrual Accounting

inDinero Accounting

As a founder, operations or finance manager, you’ll be faced with a myriad of pivotal choices on a daily basis. However, deciding between cash vs. accrual accounting methods is a critical one that will have far-reaching implications. Your choice between accrual vs cash will affect your business in several ways.

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Product wrap from Xerocon New Orleans 2022

Xero

It was the perfect location to reconnect with our valued accounting and bookkeeping partners, and share some exciting plans for new tools and features designed to make inventory management, bank reconciliation and tax management simpler and more seamless. Syncing BMO transactions to your Xero account.

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Take Stock of Your Year: Four Key Performance Indicators for Law Firms to Set You up for Financial Success in 2024

Anders CPA

This is where specific key performance indicators for law firms can help you uncover where things went wrong, and how you can modify your plan for next year’s growth goals. Improve Cash Collections Billing and collecting is no one’s favorite part of the job, but it’s key to every firm’s success.

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PPP Forgiveness Application: 2021 Updates and FAQ

LyfeAccounting

The PPP revisions allow these borrowers to complete a modified one-page forgiveness application form. Question #4: For purposes of calculating cash compensation, should borrowers use the gross amount before deductions for taxes, employee benefits payments, and similar payments? Basic PPP Rules. For loans of $150,000 or less.

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Everything you need to know about accounts payable

ThomsonReuters

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. Often, these types of charges are invoiced.