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. 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? securities law.

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ThomsonReuters

SEPTEMBER 2, 2021

Although the basic definition sounds simple, what’s not always simple is how to prepare for tax provision calculation in a way that is best for the business while being fast, accurate, and defendable. GAAP procedures differ in important ways from income tax accounting rules. What is a tax provision? Current income tax expense.

income tax 52

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MineralTree

JANUARY 25, 2024

This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. Keeping a close eye on their balance sheets, these teams are also monitoring cash flow more carefully and seeking to gain better visibility into their cash position. Automation plays an important role in data-driven decision-making.

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Xero

FEBRUARY 12, 2023

Our vision is to be the most trusted and insightful small business platform, so it’s vital that the data in our reports is accurate. The retirement of old reports is now only a little over five months away. We’ve answered some of your most common questions, so you can feel confident about switching to new reports before 31 July 2023.

tax return 105

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Xero

OCTOBER 5, 2022

Think in the eyes of a lender — consider serviceability, asset security, and what the balance sheet looks like. This gives lenders access to the most accurate snapshot of the business to help speed up the application assessment process.”. How to manage providing advice. Improve your chances of success .

Finance 78

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5 Minute Bookkeeping

APRIL 22, 2021

A cleanup starts with your client’s messy or incomplete books and follows a process – which includes reviewing the books, catching them up, fixing problems, and reconciling – and ends with books that are complete, accurate, and tax-ready. For US companies, Schedule L is the balance sheet in the tax return.

quickbooks 52

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Snyder

MAY 24, 2022

Before we dive into the accounting process for a retail store, it’s important to understand the difference between regular accounting and retail accounting. Before we dive into the accounting process for a retail store, it’s important to understand the difference between regular accounting and retail accounting.

Retail 52

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LyfeAccounting

OCTOBER 14, 2020

And by the end of this post, you’ll understand the importance of bookkeeping and how to properly complete your bookkeeping in just a few simple steps. What is Bookkeeping and Why is it Important. Now that we understand what bookkeeping is and why it’s important, let’s discuss the 6 steps to actually perform bookkeeping.

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Withum

SEPTEMBER 8, 2022

Audited financial statements are a cornerstone of the financial markets. They are used to assist in raising money or obtaining loans. Without some form of independent assurance, capital acquisition would be delayed, made more cumbersome, and there would be added due diligence costs. All auditor’s reports are substantially similar in wording.

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ThomsonReuters

APRIL 18, 2023

This has given rise to new growth opportunities for firms, but that’s not to say that accounting issues don’t remain in their daily workflows. Firms are being asked to do more than ever before, which can present a challenging balancing act, especially given the staffing constraints facing many firms.

Account 52

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Steve Feinberg

OCTOBER 9, 2023

In this blog post, we’ll explore the common cash flow challenges faced by web designers, and examine some strategies to help you manage cash flow problems to keep your business operating smoothly. Overhead Expenses and Fixed Costs Running a web design business comes with its fair share of overhead expenses and fixed costs.

quickbooks 52

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ThomsonReuters

APRIL 18, 2023

To help ensure that financial reporting is transparent and investors have the most accurate and timely information they need to make informed investment decisions, public companies must disclose certain financial, and other information, to investors. What are the GAAP standards? What is the main purpose of GAAP?

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Snyder

MAY 27, 2022

Small business owners need a straightforward and critical opinion and accurate information about their business to grow it successfully. Managerial accountants use raw data to take relevant, cost-effective, and accurate information and put it into a context where they can effectively analyze it and make quick decisions. Difference #4.

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Snyder

DECEMBER 27, 2022

It lets you set the work-life balance the way you want to. It lets you set the work-life balance the way you want to. An important downside to consider are all the employee benefits that were coming with your 9-5 job which now won’t be a part of your accountant work. Freelance accounting is increasing in popularity.

Account 98

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Ryan Lazanis

JULY 11, 2023

In this blog post, I share my insights about the job and the best staff accountant description template that will help you captivate the top candidates. Do you want to attract top-tier talent for your staff accountant position? Let’s get into it! The more exciting and unique, the more applicants you’ll receive.

accounting jobs 40

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LyfeAccounting

JANUARY 12, 2021

Bookkeeping for your business is super important and deserves your utmost attention. If you’re a new business owner or even if you already have a business up and running and want to improve the bookkeeping of your business, then this post is for you! BUT not only that. They fail because of financial mismanagement.

bookkeeping 52

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ThomsonReuters

AUGUST 24, 2021

Tax engine software virtually eliminates these types of accounting errors by providing consistently accurate sales and use tax, value-added tax (VAT), and goods and services tax (GST) calculations that don’t raise red flags. In other words, don’t tell your CEO why tax software is a wise investment – show them.

Technology 52

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Snyder

JANUARY 8, 2023

Dropshipping is one of the options. This article answers the questions for anyone curious about how to start a dropshipping business: What is dropshipping? How does it work? How can you find a dropshipping niche? What are the best products to sell online? Are you in? Let’s start! . Contents: 1. What is a dropshipping business?

E-commerce 98

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Snyder

JULY 13, 2022

If you’re wondering how to sell on Etsy, what your Etsy store cost will be, and whether Etsy is worth your time, we have good news for you – you don’t have to learn the hard way. Read our comprehensive list of steps on how to set up an Etsy business, , find out some useful tips and implement them in your own selling business on Etsy. Contents: 1.

Start-ups 98

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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. Once they are paid, the items are removed from the balance sheet.

accounts payable 52

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Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation. Ready to dive in?

accounting software 98

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Acterys

JUNE 16, 2023

In this blog, we will delve into the world of financial budgeting, planning, and forecasting and provide practical tips and strategies to take control of your business’s financial health. Then, with the help of a detailed balance sheet, income statement, and cash flow statement, you can update stakeholders about the current business standing.

Finance 130

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ThomsonReuters

APRIL 6, 2023

Accounts payable (AP) is an important signal in understanding the financial health of a business. By optimizing your accounts payable workflow, you can gain insight into cash flow, make better business decisions, and ensure strong relationships with vendors and suppliers. To optimize your accounts payable workflow, automation is key.

accounts payable 52

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Snyder

JUNE 20, 2022

It shows the most accurate picture of the current state of a business and its future. Each option has its pros and cons, but no matter which option you choose, it’s important to understand how accounting is handled. Small business owners often have to deal with every facet of business to ensure its success. Contents: 1.

accounting basics 52

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Snyder

NOVEMBER 27, 2022

Shopify is one of the top commerce platforms that support sales made both online and in brick-and-mortar stores. Setting up an online Shopify store isn’t complicated , but with so many retailers and Shopify sellers, you really need to come up with ways to stand out. How do you get your product noticed? Optimize your Shopify site for mobile use.

E-commerce 98

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ThomsonReuters

APRIL 18, 2023

Financial statements contain critical information about a company’s financial position, cash flows, and results of operations. They paint a picture of the company’s financial position and business performance and help management, investors, and other stakeholders make more informed economic decisions. Who regulates financial reporting?

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