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What accounting advisory services should firms offer?

ThomsonReuters

In fact, a Thomson Reuters Institute survey found that 95 percent of tax professionals believe their clients want business advisory services. Accounting advisory services include a variety of engagements designed to help clients streamline accounting processes , improve profitability, and enhance overall decision-making.

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Vertical Analysis: What It Is and How It Can Help You

Acterys

In the dynamic world of finance, where strategic decisions shape the course of businesses, mastering vertical analysis can help you simplify your statement, make critical financial decisions, and understand the underlying composition and trends that drive your business’ financial performance. What is vertical analysis?

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How technology has impacted accounting—from compliance to strategy

ThomsonReuters

From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. This shift outside of traditional tax compliance positions accountants as trusted advisors or consultants to individuals and businesses. Automation. The result?

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Sustainability, audits, and DEI: Tying it all together

ThomsonReuters

D ue to increased demand from investors and other stakeholders, and the benefits to be gained from becoming more environmentally responsible, a growing number of companies are incorporating sustainability into their business strategies. . The benefits of a sustainability strategy. What is sustainability auditing ?

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The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

One of the biggest challenges facing the the tax profession today is the increasing amount of data that must be processed to prepare financial statements. In addition, as businesses become more globalized, accountants must be able to account for transactions in multiple currencies,” wrote Benjamin Wann, owner of Asheville, N.C.

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How To Start A Shopify Store And Run It Successfully: A Shopify Starting Guide

Snyder

In this article, we’ll answer all your questions so you can have a better picture of what it’s like — to start your own small business with Shopify. In this article, we’ll answer all your questions so you can have a better picture of what it’s like — to start your own small business with Shopify. How to customize a Shopify store?

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Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

Together, they comprise the very basics of business and can be used to gauge financial health. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Accounts receivable is part of the business life cycle between the delivery of goods or services and the payment for those by customers.