inDinero Accounting

FEBRUARY 28, 2022

When it comes to cash vs. accrual accounting, any financial advisor will tell you that accrual is the way to go. While cash accounting may be easier, accrual accounting gives you a better picture of your business’s operations and financial position. Your accounting method will affect several things.

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ThomsonReuters

APRIL 18, 2023

Cash flow is the lifeline for all businesses and, not surprisingly, is a top concern for many business owners. 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. What is in a cash flow statement?

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LyfeAccounting

OCTOBER 19, 2020

In today’s post, I am going to explain a pretty confusing concept in accounting and business. A concept that a lot of entrepreneurs and even accountants have trouble wrapping their heads around. And that is the difference between cash vs accrual accounting. The answer had everything to do with cash vs accrual accounting.

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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.

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ThomsonReuters

APRIL 18, 2023

Therefore, preparing financial statements that are in compliance with generally accepted accounting principles (GAAP or U.S. Therefore, preparing financial statements that are in compliance with generally accepted accounting principles (GAAP or U.S. What are the GAAP standards? What is the main purpose of GAAP?

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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.

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LyfeAccounting

OCTOBER 28, 2020

?. As Warren Buffet says, accounting is the language of business. He and other savvy business owners use accounting to make investment decisions and decisions to grow the businesses they invest in. But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. Look, I get it.

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Anders CPA

DECEMBER 18, 2023

A year-end check of these four key metrics – cash flow, production, pipeline and financials – will help you see exactly where things got off track – and which areas of strength you can lean on, going ahead, as you work to improve your firm’s performance. What part of the process can be automated? No one likes a December surprise.

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LyfeAccounting

JUNE 4, 2021

Here at LYFE Accounting, not only do we help people pay themselves correctly as an LLC… …but we’ve also started one of the fastest-growing LLCs according to Inc Magazine and the financial times in 2021. Should it be deducted from your paycheck, paid quarterly at tax time, or what? Alright, so you are living the dream.

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Ryan Lazanis

FEBRUARY 3, 2023

If you’re looking for tried, tested, and true tactics to help you generate more accounting leads for your firm, you’re in the right place. Read on to access 21 actionable methods that you can implement to help increase your client base. When I launched my accounting firm in 2013, I had no clue how to acquire new clients.

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LyfeAccounting

SEPTEMBER 15, 2020

But you’re probably wondering, what is the best salary for small business owners? And what is the best method to pay yourself? And what is the best method to pay yourself? I’m going to show you how I pay myself in my own business, and what you need to consider. And that decision is around pay.

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LyfeAccounting

OCTOBER 12, 2020

?. There is one thing in business that is constant and remains the same: The need for proper bookkeeping and accounting. What should you look for in a Virtual CPA? Okay, let’s start with defining what a CPA is. What is a CPA? Accounts Payable & Receivables. Ok, let’s be honest. Why do you even need a CPA?

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Snyder

JUNE 9, 2022

Read about what income tax filing method to choose, where to get the latest tax information, how to keep up with deadlines, and more. What is income tax? What is income tax? Among the taxes that e-commerce businesses need to file, income tax is the most common one. Contents: 1. How does income tax work?

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ThomsonReuters

FEBRUARY 15, 2023

Accountants who help clients effectively manage property taxes can further strengthen their role as a trusted advisor. Table of contents: What is property tax? Property tax software What is property tax? What is a business personal property tax? Property tax case study How do you find tax information on a property?

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LyfeAccounting

AUGUST 4, 2021

Probably similar to you, most parents never told their kids about the importance of good credit or what it takes to boost your credit score… …and the truth is that, having bad credit is downright expensive. . Before doing anything else, you must know where you are, and what you have to work with. Duplicate accounts.

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inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Holding back your growth.

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ThomsonReuters

APRIL 6, 2023

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.

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LyfeAccounting

JULY 6, 2021

In this post, we will explain the 6 general steps of buying an existing business and what to look out for when choosing a business to buy. In this post, we will explain the 6 general steps of buying an existing business and what to look out for when choosing a business to buy. Step 1: Figure out what you’re budget is.

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