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How to simplify ecommerce accounting as you scale

Xero

Growing an ecommerce business is incredibly exciting, especially with dynamic new selling platforms emerging constantly. However, with rapid growth and evolving sales channels comes increased complexity. Why proactive accounting is crucial for ecommerce growth Imagine your online store is booming. trillion by 2034).

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Prioritizing the implementation of accounting advisory services

ThomsonReuters

← Back to blog For many accounting firm owners and leaders, the idea of transforming their practices from a traditional, transaction-based model into an advisory-centric firm is an appealing one. Here are a few common hurdles and how to address them. Feeling too busy to transition. Overcoming a transactional mindset.

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Are you an accountant, a business adviser, or both?

Mark Lee

For some time now it has been increasingly common to see firms describing themselves as “accountants and business advisers.” NB: I know of accountants constantly seeking the perfect tech solution to both analyse clients’ data and position the accountant as a great business adviser. What makes for a credible business adviser?

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How to efficiently file individual income tax returns: A workflow guide for accounting firms

ThomsonReuters

In this guide, we provide a step-by-step checklist to help optimize your tax return preparation workflow by leveraging advanced tax software solutions like UltraTax CS and SurePrep , ensuring a seamless and compliant filing experience. Jump to: 1. Client intake and information gathering 6. Organization and review 7. Finalization 3.

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Achieving Inventory Efficiency: 6 Steps to Develop a Winning Plan

Acterys

No matter what your business looks like at present, it is essential to establish a successful inventory plan and management strategy to ensure the success of your business. Imagining the potential that data holds to inform your future inventory needs can be an incredibly powerful tool. Let’s dive in.

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What accounting advisory services should firms offer?

ThomsonReuters

Offering your clients proactive advice through accounting advisory services is especially important as the regulatory and legislative landscape continues to become increasingly complex. In fact, a Thomson Reuters Institute survey found that 95 percent of tax professionals believe their clients want business advisory services.

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Top Accounting Key Performance Indicators for a Marketing Company

Basis 365

Effective financial management is crucial for the success of any business, including marketing companies. It measures the percentage increase in revenue over a specific period, usually monthly, quarterly, or annual. A steady or increasing revenue growth rate indicates the company successfully attracts and retains clients.