Basis 365

JUNE 29, 2023

When managing your company's finances, several roles come into play. In this blog, we'll explore the differences between a bookkeeper and a controller and help you determine which role(s) you need for your business. A bookkeeper is responsible for maintaining accurate and up-to-date financial records for a business.

bookkeeping 90

bookkeeping accounts payable basic accounting accounting and finance 90

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

financial statements accounting and finance Sales Finance 130

CPA Practice

APRIL 3, 2024

Using artificial intelligence and machine learning, Botkeeper Infinite learns how your clients’ business activities impact the books, getting more efficient and and accurate as it goes, the company said. Botkeeper heralds Infinite as a “complete solution” for firms’ bookkeeping needs.

Technology 64

Technology general ledger bookkeeping accounting software 64

Basis 365

JUNE 1, 2023

Marketing agencies often make accounting mistakes due to their primary focus on marketing activities rather than financial management. These mistakes can significantly affect their financial health and overall business operations. With proper record keeping, it can be easier to keep track of all these transactions accurately.

Account 97

Account accountant accounted financial statements 97

Xero

FEBRUARY 1, 2024

Over the last 12 months, we’ve surveyed over 4,500 small business owners across the globe to find out how they’re managing cash flow amidst macroeconomic conditions such as high inflation and interest rates. Not being able to be paid will clearly have a flow-on impact on the personal finances of small business owners.

accounting and finance 106

accounting and finance bookkeeping Finance Account 106

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.

audit 98

audit auditor financial statements Technology 98

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. This fee is based on your chosen plan and can range from $9 to $299 monthly.

E-commerce 102

E-commerce financial statements Sales Account 102

ThomsonReuters

AUGUST 25, 2023

Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to minimize their tax liability. With tax obligations on the rise, your role as a trusted advisor is bound to grow in importance.

corporation tax 98

corporation tax Tax income tax financial statements 98

ThomsonReuters

APRIL 5, 2024

Businesses that do not have sound tax provision processes are at an elevated risk of damaging their company’s financial health. That’s because interim tax reporting plays a pivotal role in providing valuable financial information between annual reporting periods. Why is interim reporting important?

Tax 68

Tax income tax financial statements accounting standards 68

Basis 365

NOVEMBER 30, 2023

The importance of efficient cash flow management cannot be overstated for small or rapidly growing businesses. In this blog, we will delve into essential financial tactics that small businesses can adopt to optimize their accounts payable processes, with a focus on the solutions offered by Basis 365 Accounting.

accounts payable 102

accounts payable Account accountant accounted 102

xendoo

DECEMBER 6, 2021

Business Resolutions Start Now. The end of the year is a bustling time for small business owners. What steps can be taken to effectively prepare your business for the new year? What steps can be taken to effectively prepare your business for the new year? . Xendoo can give you your time back.

bookkeeping 98

bookkeeping financial statements tax preparation online accounting 98

ThomsonReuters

DECEMBER 8, 2023

Many industries are employing generative AI to handle tasks like drafting marketing copy, emails or blogs, as well as implementing chatbots for customer service and generating code for app development. Further, AI enhances the accuracy of financial reporting by reducing the risk of human error. How can accounting firms leverage AI?

Account 108

Account accountant accounted Technology 108

ThomsonReuters

JULY 6, 2023

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. From financial planner to investment banker to business analyst, there are many roles to consider if you find yourself looking for something new.

Account 98

Account accountant accounted accounting and finance 98

Xero

JANUARY 24, 2023

One of your most important accounting jobs — bank reconciliation — relies heavily on getting accurate banking data into Xero. Regular bank reconciliation not only saves you time, it also gives you a wealth of insights at your fingertips. This can take time and impact the reliability of your bank feeds.

bookkeeping 87

bookkeeping accounting and finance accounting jobs accountant jobs 87

ThomsonReuters

NOVEMBER 15, 2023

Rules for cash donation tax deductions Filling out Schedule A for Form 1040 Helping clients with tax deductible donations on their tax return As the season for giving approaches, many individuals and businesses consider making monetary donations to charitable organizations. Use Schedule A Form 1040 to figure your itemized deductions.

Tax 94

Tax tax return tax planning income tax 94

xendoo

DECEMBER 27, 2022

Small business financing is vital as it can make or break your business. When first starting, there are many factors that you need to consider, such as your business plan and your financing options. Personal financing loans are guaranteed through your personal credit history.

Finance 90

Finance bookkeeping financial statements Start-ups 90

CPA Practice

NOVEMBER 14, 2023

“Accounting professionals are our most valued partner; QuickBooks Connect allows us to foster deeper relationships with them so we can work better together to empower and fuel small business success,” said Jeremy Sulzmann, vice president of the Partners Segment Business for Accountants at Intuit QuickBooks.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

Basis 365

MARCH 23, 2023

As a business owner, it's crucial to have an accurate and up-to-date balance sheet. A balance sheet is a financial statement that shows your business's assets, liabilities, and equity at a specific time. It shows your assets, liabilities, and equity and their relationship. What is a Balance Sheet?

financial statements 52

financial statements accounting and finance accounting standards accounting principles 52

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. More time for smaller businesses Further mandation of MTD for ITSA for those earning below £30,000 annually will remain under review.

Tax 88

Tax income tax bookkeeping accounting software 88

Basis 365

FEBRUARY 20, 2023

As a business owner, it's crucial to have an accurate and up-to-date balance sheet. A balance sheet is a financial statement that shows your business's assets, liabilities, and equity at a specific time. It shows your assets, liabilities, and equity and their relationship. What is a Balance Sheet?

accounting and finance 52

accounting and finance financial statements accounting standards accounting principles 52

Xero

MARCH 30, 2023

From advancing business models to offering expanded services to be able to meet new client demands; change has been a constant for the industry. Alongside small businesses, many practices have digitalised rapidly to keep pace with today’s environment. Proposing (or re-negotiating) the terms of your agreements. The tricky part?

Non-Profits 100

Non-Profits bookkeeping Start-ups Account 100

Xero

MAY 24, 2023

It’s often said that (almost) no one goes into business to do their own accounting. So it’s no surprise that many entrepreneurs lean heavily on a trusted advisor for support, particularly around busy times like EOFY when tax, compliance, payroll and other business obligations come into play. EOFY 2023).

bookkeeping 89

bookkeeping Tax payroll Account 89

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. Most small businesses run on slim budgets and personnel staff of one or just a few. Be Consistent in Reviewing Your Financials. Know the Key Terminology.

bookkeeping 98

bookkeeping accounting terms business accounting Account 98

Xero

JANUARY 31, 2023

It’s time to switch to new reports If you haven’t made the switch to new reports, we urge you to start moving your work across now , so you have plenty of time to get used to them before the older versions are retired.

payroll 91

payroll income tax Tax tax return 91

ThomsonReuters

JUNE 28, 2023

If you’re a tax firm leader looking to differentiate yourself from the competition, providing your clients with insight into their ESG data is a great way to set your firm apart. Many businesses don’t even know where to start. But that’s where your expertise comes in.

Tax 98

Tax auditor audit Technology 98

ThomsonReuters

JANUARY 8, 2024

This not only enhances the efficiency of tax and accounting processes but also improves the overall quality of financial reporting. AI-powered analytic tools can analyze financial data from multiple sources, including bank statements, invoices, and expense reports. It’s all about the data.

Tax 101

Tax Account accountant accounted 101

Xero

OCTOBER 9, 2022

At Xero, we are committed to helping Singapore small businesses simplify their accounting processes. And this is why we are thrilled to announce that you can now submit your GST F5 returns quickly and directly from Xero to IRAS in one click, making the filing process simpler. Collaborate with your team and advisor.

tax return 76

tax return Tax Account accountant 76

ThomsonReuters

DECEMBER 11, 2023

In March 2023, the Financial Accounting Standards Board ( FASB ) issued an  Accounting Standards Update (ASU)  aimed at improv ing the accounting and disclosures for investments in tax credit structures. For public business entities, the amendments are effective for fiscal years beginning after Dec. Are your business clients ready?

income tax 52

income tax accounting standards Non-Profits accounting and finance 52

ThomsonReuters

FEBRUARY 1, 2024

GAAP rules for outstanding checks Staying up to date with GAAP standards Accurately tracking and presenting financial information can be complex, even for smaller organizations. It was thought that shady financial reporting practices by some publicly-traded entities caused (or partly caused) the financial calamities.

Non-Profits 52

Non-Profits accounting standards Maine accounting and finance 52

xendoo

APRIL 13, 2023

Running a business is, without a doubt, a challenging task that requires a lot of commitment, effort, and attention to detail. Did you know 82% of small businesses fail due to cash flow management? At Xendoo, we know you didn’t start a business to do the accounting and taxes; but we did.

bookkeeping 52

bookkeeping accounts payable bookkeeping services Start-ups 52

xendoo

APRIL 13, 2023

Running a business is, without a doubt, a challenging task that requires a lot of commitment, effort, and attention to detail. Did you know 82% of small businesses fail due to cash flow management? At Xendoo, we know you didn’t start a business to do the accounting and taxes; but we did.

bookkeeping 52

bookkeeping accounts payable bookkeeping services Start-ups 52

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

xendoo

AUGUST 30, 2021

Bookkeeping is critical to the financial health of every business, but business owners rarely have the time (or desire) to manage it themselves. To take their time back, many business owners choose to outsource their bookkeeping and accounting. So, how do you choose the right financial partner for your business?

bookkeeping services 91

bookkeeping services bookkeeping quickbooks accounting software 91

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

bookkeeping bookkeeping software quickbooks bookkeeping services 98

ThomsonReuters

FEBRUARY 14, 2022

However, there are seven key factors to consider before posting your next job advertisement. Understanding your company culture is a useful step in finding a new accountant who is the right fit for your firm. Take some time to understand your company culture, the environment of your office, and the types of people on your team.

Account 92

Account accountant accounted accounting firms 92

xendoo

DECEMBER 15, 2021

Whether they coach chess players or sell organic puppy food online, every small business owner shares a common driving force: a passion for growing their business. Consistent bookkeeping provides the financial insight needed to strategize for long-term success. Reliability in Your Opening Balance. It is a vicious cycle.

bookkeeping 69

bookkeeping financial statements Tax bookkeeping services 69

ThomsonReuters

JUNE 22, 2022

Most business owners have a traditional understanding of what an accountant does. Prepare financial statements. But are your clients asking you for more? As a working mom of four with a successful business, she was initially content with the traditional accountant relationship. File taxes. They started in May.

bookkeeping 98

bookkeeping tax preparation tax return Start-ups 98