ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow. Is accounts payable a revenue?

accounts payable 52

accounts payable Account accountant accounted 52

MineralTree

JANUARY 18, 2024

Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. How do you increase productivity in accounts payable?

accounts payable 80

accounts payable AP Processes AP Automation Account 80

MineralTree

DECEMBER 7, 2023

For accounts payable (AP) teams, vendor payments are the cornerstone of business relationships. This blog will dive into the key differences between some of today’s most prevalent options for business payments: ACH vs. virtual cards vs checks. Moreover, certain payment methods offer greater security than others.

AP Automation 79

AP Automation accounts payable AP Processes accounting and finance 79

ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Let’s take a look at their differences. What is the difference between accounts receivable and accounts payable?

accounts payable 52

accounts payable Account accountant accounted 52

MineralTree

JANUARY 25, 2024

This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. As a result, they may not have full visibility to all of their outstanding payables. What else does this mean for these teams? For finance professionals, understanding this landscape is crucial.

accounts payable 69

accounts payable AP Automation Account accountant 69

ThomsonReuters

OCTOBER 19, 2023

Jump to: What is amortization of a bond? Are bonds payable amortized? How to calculate bond amortization What is a sinking fund? In this article, we’ll explore what bond amortization means, how to calculate it, and more. What is amortization of a bond? What are the benefits of bond amortization?

auditor 52

auditor Tax accounting and finance Account 52

DuctTapeMarketing

JULY 14, 2018

Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Handle payments and manage accounts payable. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises.

bookkeeping 238

bookkeeping accounting and finance accounting software bookkeeping services 238

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

ThomsonReuters

AUGUST 25, 2023

Jump to: What is software depreciation? What is software depreciation? 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. Can software be amortized?

Tax 97

Tax Technology Manufacturing payroll 97

Lockstep

DECEMBER 2, 2022

To today’s business environment, the need for streamlined and organized accounting procedures is paramount. Accounting teams need constant vigilance to keep a clean inbox, and to ensure accounts, communications, and next best activity is organized. What is a Shared Inbox? Why a Shared Inbox?

Account 85

Account accountant accounted accounts payable 85

Xero

NOVEMBER 29, 2022

We spoke to Jan Korecky, co-founder of Datamolino, about their story and how they make lives easier for business owners and their accountants. Datamolino got its start when Jan and fellow co-founder Andrej Glezl noticed the amount of manual and repetitive admin tasks that accountants and bookkeepers perform day-to-day.

Accounts Payable Automation 76

Accounts Payable Automation accounts payable bookkeeping Start-ups 76

5 Minute Bookkeeping

MARCH 25, 2021

As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books ! The key is knowing which is which and what goes on inside QBO when you create journal entries to make corrections.

quickbooks 98

quickbooks accounts payable bookkeeping payroll 98

Xero

NOVEMBER 21, 2022

We’re incredibly excited to share that Baker Tilly Canada has achieved Xero’s Platinum Partner status, which demonstrates the audit, tax and advisory network is helping to lead the way with the future of cloud accounting in Canada. Learn more about Baker Tilly Advantage’s next-level cloud accounting here.

Agriculture 86

Agriculture Technology accounts payable audit 86

ThomsonReuters

JUNE 16, 2023

When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. When someone is found guilty of committing accounting fraud, they are subject to criminal prosecution.

Account 93

Account accountant accounted financial statements 93

ThomsonReuters

APRIL 20, 2023

The maximum benefit payable under the health FSA during a year to any participant cannot exceed two times the participant’s salary reduction election under the health FSA for the year or, if greater, the salary reduction election plus $500. appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Tax 104

Tax Government Account accountant 104

ThomsonReuters

JULY 25, 2023

Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be. And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. –

Technology 93

Technology Tax audit Sales 93

ThomsonReuters

JUNE 23, 2022

Interim final regulations address, among other things, how to determine the amount payable for items or services covered by the surprise billing protections, including use of the IDR process if the parties cannot reach agreement during open negotiation (see our Checkpoint article ). Contributing Editors: EBIA Staff.

Alaska 98

Alaska Michigan Georgia Maine 98

ThomsonReuters

DECEMBER 11, 2023

Jump to: What is the proportional amortization method? What are LIHTC investments? What conditions must be met to apply the proportional amortization method? What is the proportional amortization method? For public business entities, the amendments are effective for fiscal years beginning after Dec.

income tax 52

income tax accounting standards Non-Profits accounting and finance 52

Xero

MAY 30, 2022

Datamolino streamlines and automates the accounts payable process. By automating the data capture process, Datamolino also saves accountants a huge amount of time and energy. With Datamolino, users can automate more than 70% of their total accounts payable volume.

bookkeeping 108

bookkeeping Technology accounts payable accounting and finance 108

Snyder

MAY 10, 2022

An accounts payable process helps your finance teams to manage this and build a reputation for timely payments. . What’s an accounts payable process? Benefits of accounts payable. Managing your accounts payable. Make the most of your business accounts payable. Contents: 1.

accounts payable 52

accounts payable Account accountant accounted 52

Acterys

JULY 12, 2023

This blog will guide you on what vertical analysis is, how to perform it, and how it can help your business to scale through data-driven decisions. What is vertical analysis? Furthermore, the operating expenses, such as selling and administrative expenses, account for 10% and 6% of net sales, respectively.

financial statements 130

financial statements accounting and finance accounts payable Sales 130

ThomsonReuters

DECEMBER 1, 2023

Jump to: What is Form 4562? What is listed property for depreciation? What does a depreciation schedule look like? What is Form 4562? Form 4562 instructions Is Form 4562 required every year? Section 179 and expensing property Running a company is expensive. Let’s take a closer look at the form and its uses.

tax return 97

tax return Tax Transportation Non-Profits 97

MineralTree

JUNE 15, 2023

However, to fully leverage the benefits of NetSuite, it’s crucial to integrate it with other applications such as an accounts payable (AP) automation tool. In this blog, we’ll provide a comprehensive guide to integrating NetSuite with an AP automation platform. What is NetSuite?

NetSuite 75

NetSuite NetSuite Integration AP Automation AP Processes 75

Xero

APRIL 16, 2023

With FY24 officially upon us, now is the perfect time for small business owners to take stock, and look at what tools you can leverage to become more efficient and effective in the new year. All so you can spend more time doing what matters most. This is where the Xero App Store comes into play.

accounts payable 69

accounts payable Approval Workflows payroll Agriculture 69

ThomsonReuters

JULY 29, 2021

QUESTION: A few participants in our company’s health FSA told us that their doctors have started charging patients a monthly fee that is payable whether or not the patients visit the office. In our view, such fees are like insurance because they are payable whether or not medical care is provided. Contributing Editors: EBIA Staff.

Expense Reimbursements 98

Expense Reimbursements Tax Account accountant 98

Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.

accounting software 98

accounting software quickbooks Account accountant 98

Ryan Lazanis

APRIL 18, 2023

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? In fact, ChatGPT wrote the above description: Can AI Replace Accountants?

Account 96

Account accountant accounted Technology 96

5 Minute Bookkeeping

OCTOBER 4, 2023

Step 1: Create an Account Let’s start with step one, we’ll need to set up a ChatGPT account. Danielle provides the following services: Monthly bookkeeping, QuickBooks Online clean up and catch up, one-to-one QuickBooks Online coaching and training, Payroll, and Accounts Payable.

bookkeeping 52

bookkeeping quickbooks accounts payable Start-ups 52

ThomsonReuters

APRIL 18, 2023

They rely heavily on cash flow statements and the expertise of their accountant to make informed strategic business decisions. Accounting professionals must have the right tools and resources in place to not only avoid cash flow mistakes but also help maximize cash flow for clients. What is in a cash flow statement?

accounting and finance 59

accounting and finance accounts payable Finance Account 59

Mark Lee

AUGUST 23, 2022

One of the many recurring topics in my conversations wth accountants is their approach to quoting fees. Twice in the last week I have been asked my view on fee quotes sent out by accountants I am mentoring. In each of the most recent cases I noted that the accountants had made similar mistakes. They are not alone.

Construction 94

Construction Account accountant accounted 94

Xero

MAY 17, 2022

So, what do you need to know to ensure compliance? So, what do you need to know to ensure compliance? What changes are coming? It’s important to note too that from 1 July 2022, super will be payable to employees under 18 if they work more than 30 hours per week regardless of how much they earn. Let’s take a closer look.

payroll 98

payroll bookkeeping Start-ups Government 98

Shay CPA

MARCH 16, 2023

Akshay Shrimanker, our Founder and CEO, recently joined Blake Oliver, David Leary, and a panel of other accounting experts (Mike Moiśe CPA, Matthew May CPA, and Reynaldo Arellano CPA) on a special episode of the Cloud Accounting Podcast. The immediate impact After $42 billion was pulled from SVB accounts, the writing was on the wall.

Technology 52

Technology CPA accounting and finance accounts payable 52

Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. What challenges do they have? What are their revenues? What are their revenues?

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

Xero

DECEMBER 7, 2022

Many changed how we work, our long-term goals, and most importantly, how we prioritise what’s important to us. . This was certainly the case for Carly Shaw from Clarative Accounting. Here, Carly tells the story of Clarative Accounting. . Building blocks. A question often posed to Carly is a simple one: why construction?

Construction 63

Construction Account accountant accounted 63

ThomsonReuters

MARCH 8, 2021

Whether you’re starting your career, or you’ve been in the profession for a while, women have more opportunities than ever to rise above in the tax and accounting profession. How we find ourselves in a career such as tax and accounting isn’t always typical. Then, I took an accounting class, and the nerd I am, it clicked for me.

Tax 111

Tax Account accountant accounted 111

xendoo

DECEMBER 6, 2021

What metrics can be used to predict and measure success? What steps can be taken to effectively prepare your business for the new year? . In this blog post, we will help you strategically chart your path for success, so you can be ready for a new year of growth! Lastly, consider partnering with an online accounting service.

bookkeeping 98

bookkeeping financial statements tax preparation online accounting 98

Xero

JUNE 15, 2022

EzzyBills was co-founded by Michael and Li Fitzmaurice in 2014 in Australia, after Michael had been creating tools supporting older, legacy accounting software to keep inventory and sales information up-to-date. Out with the old, in with the new. The biggest benefit of EzzyBills for our users is the amount of time saved. With a solid 4.9

general ledger 96

general ledger Technology accounting software accounts payable 96