Xero

FEBRUARY 26, 2024

Financial data lies at the heart of any small business operation. Depending on what stage of the business growth journey you’re on, some Xero-connected solutions are more appropriate than others. It hides in emails, paperwork, envelopes, statements, a myriad of supplier systems, and multiple bank accounts.

Start-ups 84

Start-ups bookkeeping Account accountant 84

Xero

APRIL 2, 2024

With the new financial year officially upon us, now is your chance at a fresh start. Take what you need from these tips and tricks to stay on top of your numbers, and remember, your financial advisor is always there for more support should you need it. A good place to start? To learn more, check out Xero Central.

Account 86

Account accountant accounted Tax 86

Withum

SEPTEMBER 8, 2022

Audited financial statements are a cornerstone of the financial markets. Tonight I will conduct my second Auditing class session of this semester at Fairleigh Dickinson University, and I will be teaching what the auditor’s opinion means and what auditors do to arrive at their opinion.

accounting principles 119

accounting principles auditor audit financial statements 119

ThomsonReuters

FEBRUARY 28, 2024

Alicia Shaul ’s path to accounting was less than traditional. No matter what the culture of the firm is, you will be successful, the professor said. A culture of happiness and growth In the six years after she became a CPA, Shaul worked at several accounting firms and experienced some less-than-ideal managers.

cpa firm 98

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ThomsonReuters

FEBRUARY 1, 2024

Jump to: What are the GAAP accounting rules? What are the main principles of the GAAP framework? What are the key differences between GAAP and IFRS? What are the GAAP rules for capitalization of costs? What are the main consolidation models under GAAP? So, what are the GAAP accounting rules?

Non-Profits 52

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Acterys

FEBRUARY 22, 2023

To deal with economic and market turbulence, businesses must create well-rounded financial plans and monitor business performance against targets regularly. FP&A teams play a key role in ensuring the financial stability of a business. Here are some examples of financial statements: 1.

financial statements 130

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ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Recording expenses and preparing financial reports.

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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.

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Account accountant accounted financial statements 93

ThomsonReuters

JULY 6, 2023

If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. Why are so many accountants quitting?

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Basis 365

APRIL 3, 2023

As an e-commerce business owner, it's essential to understand your financials and where your money is going. However, many Shopify store owners need to fully understand these fees and how they can affect their financial statements. One of the most significant expenses for any Shopify store is the fees charged by the platform.

E-commerce 102

E-commerce financial statements Sales Account 102

ThomsonReuters

DECEMBER 8, 2023

How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations. This proactive approach enhances the risk identification and decision-making process, providing a more comprehensive understanding of the financial landscape.

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audit auditor financial statements Technology 98

Going Concern

OCTOBER 13, 2023

Big 4 alum and professor of accounting and finance at the College of Saint Benedict and Saint John’s University in Minnesota Boz Bostrom has penned a piece for the MNCPA blog on why, in his opinion and supported by research, the 150 hour rule must change. What exists is a very delicate system of agreement and trust,” she said.

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cpas Minnesota CPA Education 108

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! Review Financial Performance. Business Resolutions Start Now.

bookkeeping 98

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Xero

DECEMBER 17, 2023

Together, we’re excited about the opportunity to empower you and your clients to achieve your financial goals, while staying in control of your banking data. Then log into your bank account and confirm the connection. We can’t wait to hear what you think about our new bank feeds in Xero. So it’s a huge time saver.

accounting and finance 81

accounting and finance Finance Account accountant 81

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

ThomsonReuters

DECEMBER 6, 2022

Given the increased focused on ESG, this blog marks the first in a series dedicated to ESG and its impacts on the accounting profession. What is ESG accounting? What is ESG accounting? As a growing number of businesses focus on ESG-related initiatives, accounting is playing an increasingly important role.

auditor 59

auditor Account accountant accounted 59

Acterys

JUNE 16, 2023

Optimizing an organization’s financial health can be a challenging task, especially for CFOs and other finance leaders. Financial budgeting serves as a critical aspect of business planning, allowing organizations to effectively allocate their financial resources and gain valuable insights into their operations.

Finance 130

Finance accounting and finance Sales Start-ups 130

Xero

DECEMBER 1, 2023

Following the Autumn Statement, you might be curious about the specific measures that impact Making Tax Digital (MTD). Here’s a guide outlining what the announcement means for your practice and clients. Note – your clients will still be able to use three-line accounts with the new MTD rules in place.

Tax 88

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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? 15, 2024, including interim periods within those fiscal years. Are your business clients ready?

income tax 52

income tax accounting standards Non-Profits accounting and finance 52

Xero

JANUARY 24, 2023

One of your most important accounting jobs — bank reconciliation — relies heavily on getting accurate banking data into Xero. You can spot cash flow trends, identify areas of opportunity, and better understand your financial situation. Yet entering bank transactions manually is often time-consuming and error-prone.

bookkeeping 87

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Basis 365

MARCH 23, 2023

A balance sheet is a financial statement that shows your business's assets, liabilities, and equity at a specific time. It's one of the most important financial documents to help you make informed decisions, plan for the future, and secure financing. What is a Balance Sheet?

financial statements 52

financial statements accounting and finance accounting standards accounting principles 52

ThomsonReuters

JUNE 28, 2023

Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management. What are the challenges of ESG data collection? What are the best practices for ESG data management? However, ESG data can be a challenge to collect, manage, and report on.

Tax 98

Tax auditor audit Technology 98

Basis 365

FEBRUARY 20, 2023

A balance sheet is a financial statement that shows your business's assets, liabilities, and equity at a specific time. It's one of the most important financial documents to help you make informed decisions, plan for the future, and secure financing. What is a Balance Sheet?

accounting and finance 52

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ThomsonReuters

AUGUST 25, 2023

Jump to: What is book depreciation? What is tax depreciation? What are the differences between book and tax depreciation? What is accelerated depreciation? What is book-to-tax reconciliation? What is book depreciation? What is book depreciation?

Tax 52

Tax tax return accounting principles Account 52

Menzies

DECEMBER 7, 2022

Menzies LLP - A leading chartered accountancy firm. Find out more about what an audit involves. What do Investment services include? Reception and transmission of orders in relation to one or more financial instruments. Dealing on own account. Placing of financial instruments without a firm commitment basis.

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xendoo

MARCH 17, 2022

Small business owners around the world are migrating to cloud-based bookkeeping software to keep their financial records and reports organized and accessible. Even with the help of bookkeeping software, it takes financial expertise to put the data into context and use it to make informed decisions. Going Digital.

bookkeeping 98

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ThomsonReuters

NOVEMBER 15, 2023

What to know about Section 501 What is Form 990? How to file taxes for nonprofits What are the 501(c)(3) reporting requirements? What to know about Section 501 Section 501 of the Internal Revenue Code delineates the criteria for organizations to qualify for tax-exempt status. What is Form 990?

Tax 52

Tax Non-Profits tax return accounting and finance 52

FraudFiles

MAY 2, 2022

Miles Mason, a Memphis divorce attorney, has a great article on his blog called Grab the Documents: What Spouses Need to Copy for Divorce Lawyers. Divorcing spouses always wonder what documents they need to take, and the list provided by Miles is a great roadmap. Do it right away in case you lose access to that account later.

Real Estate 52

Real Estate income tax tax return financial statements 52

Xero

MAY 24, 2023

It’s often said that (almost) no one goes into business to do their own accounting. For those on the Xero platform, collaborating with your accountant or bookkeeper is simple via the cloud. For those on the Xero platform, collaborating with your accountant or bookkeeper is simple via the cloud.

bookkeeping 89

bookkeeping Tax payroll Account 89

Xero

MARCH 30, 2023

Over recent years, the world of accounting and bookkeeping has evolved with the times. With a new financial year almost upon us, this is the perfect time to review your practice app stack and consider what digital tools could level up your firm in FY24. That way, they’ll know what they’re being charged for and when.

Non-Profits 100

Non-Profits bookkeeping Start-ups Account 100

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

SkagitCountyTaxServices

JANUARY 5, 2024

So, what are some of your goals for 2024? Now, now part one of this topic (which you can find in the blog archives) was about selling your business and some of the practical considerations that should play into decision-making. Making New Year’s resolutions seems like a waste of time. Filing started as of yesterday. We can help. )

Tax 75

Tax financial statements Sales Legal 75

ThomsonReuters

APRIL 18, 2023

They rely heavily on cash flow statements and the expertise of their accountant to make informed strategic business decisions. Therefore, cash flow statements must be accurate. Cash flow statements are one of the three fundamental financial statements used, alongside income statements and balance sheets.

accounting and finance 59

accounting and finance accounts payable Finance Account 59

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?

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accounts payable Account accountant accounted 52

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Financial statements (i.e.,

audit 59

audit auditor Account accountant 59

ThomsonReuters

MARCH 19, 2024

From an accountant’s perspective, there is no question that the benefits of AI are significant, it’s important to proceed with caution. But before we jump into how accountants can overcome the risks of generative AI, let’s take a look at the basics of this revolutionary technology. But what exactly are the risks?

Tax 52

Tax Technology Education auditor 52

MazumaBusinessAccounting

MAY 10, 2021

Even though we’re accountants, we get that financial reports aren’t at the top of every small business owner’s to do list. But whether you keep your own books or employ the services of a bookkeeper or accountant, understanding the numbers can help your small business just as much as it could help a large corporation.

bookkeeping 98

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