Xero

APRIL 2, 2024

Take what you need from these tips and tricks to stay on top of your numbers, and remember, your financial advisor is always there for more support should you need it. With batch payments, you can bundle several bills into one payment file before importing it into your bank account for processing. A good place to start?

Account 86

Account accountant accounted Tax 86

ThomsonReuters

NOVEMBER 27, 2023

Entering bonus wages on the same check as regular wages for a scheduled pay date will allow you to enter the bonus wages as an additional line item on the same check as the employee’s regular wages. Payroll Guide ¶ 4100 et seq. contains a detailed discussion on supplemental wage payments.

payroll 93

payroll income tax Tax Account 93

DuctTapeMarketing

JULY 14, 2018

Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Handle payments and manage accounts payable. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises.

bookkeeping 238

bookkeeping accounting and finance accounting software bookkeeping services 238

Xero

OCTOBER 24, 2023

This guest blog was written by the team at ecommerce accounting integration, Amaka. Proper preparation as a business owner or an accountant with e-commerce clients can help maximise Cyber Monday success. In fact, we’ve seen Amaka’s accounting integrations saving businesses around 12 hours of manual work monthly.

E-commerce 103

E-commerce Technology accounting and finance bookkeeping 103

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. What is a check run in accounts payable?

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

Xero

MARCH 13, 2024

Save time on sending invoices and reminders in the new year by using an accounting software that does it for you. You can do this online, with accounting software or through your myIR account with Inland Revenue. You may want to consult an accountant or bookkeeper for this step.

tax return 83

tax return bookkeeping accounting software payroll 83

ThomsonReuters

FEBRUARY 8, 2024

Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Accounting assumptions, along with accounting principles and concepts, provide professionals with the necessary framework for preparing financial statements.

Account 96

Account accountant accounted accounting principles 96

CPA Practice

MAY 18, 2023

From the Thomson Reuters Tax & Accounting Blog. Working in the tax and accounting industry can be a stressful job. That’s why it’s important for both tax and accounting professionals and their firms to take steps to protect their mental health. How can technology help accountants’ mental health?

Technology 98

Technology Account accountant accounted 98

DuctTapeMarketing

FEBRUARY 22, 2017

What the heck is that? Questions I ask Mike Michalowicz: Why do you need to account for profit first? What is wrong with the general way people look at the money aspects of their business today? What are the basic accounting principles of a profit first formula? View Mike’s Blog. Strategy First.

accounting principles 101

accounting principles accounting and finance basic accounting audit 101

Xero

MARCH 17, 2024

But what’s often missing from this coverage is how these trends are affecting small businesses. To be an effective advisor, it’s critical to understand what’s happening in the economy and how it’s impacting your clients. Here’s a snapshot of what I heard. Yes, these issues are all featured widely in the media.

Hospitality 65

Hospitality bookkeeping Technology Account 65

ThomsonReuters

JANUARY 16, 2024

Jump to: What is wellness? Why is overall accountant wellness important? Making occupational wellness a priority Tax and accounting professionals are known for working hard, especially during tax season. What is wellness? Why is overall accountant wellness important? How is wellness different from health?

Tax 52

Tax Account accountant accounted 52

Mark Lee

JANUARY 30, 2024

There are two types of accountants who use social media and Linkedin: Those who have learned what works FOR THEM, and Those who have bought into the hype and HOPE that what are doing will prove to be worth the time and effort. Unfortunately, the vast majority of accountants seem to fall into the latter category.

Account 92

Account accountant accounted tax return 92

Xero

SEPTEMBER 25, 2023

This guest blog was written by the team at the leading bank payment solution, GoCardless. PayTo requires customers to verify themselves using their bank account so that we can quickly assess that they are who they claim to be. But it’s not all doom and gloom. PayTo is here* The deadline has now passed for banks to be PayTo ready.

Account 88

Account accountant accounted Start-ups 88

Xero

APRIL 25, 2024

We’ve popped the schedule below, but you can expect sessions on using the right tech to do more of what you love, payment solutions that boost your cash flow , and integrating your tools for a smoother practice workflow. These sessions were popular last year, so make sure you check out the timetable and secure your spot.

payroll 77

payroll Technology Education Tax 77

ThomsonReuters

FEBRUARY 1, 2024

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? What are the GAAP rules for capitalization of costs? What are the main consolidation models under GAAP? So, what are the GAAP accounting rules?

Non-Profits 52

Non-Profits accounting standards Maine accounting and finance 52

Xero

AUGUST 29, 2023

This guest blog post was written by the team at financial management app, Expensify. On the other hand, automating every aspect of expense reporting without proper checks and balances can potentially result in compliance issues too. Finding the right balance between automation and compliance in any business process can be challenging.

Approval Workflows 84

Approval Workflows general ledger audit Expense Management 84

Xero

AUGUST 7, 2023

Xerocon Sydney is just weeks away on 23 and 24 August, and the ICC exhibitor floor will be full to the brim with some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. Make sure to check them out, as well as our other exhibitors, as you explore Xerocon 2023.

bookkeeping 91

bookkeeping E-commerce Tax Account 91

ThomsonReuters

JANUARY 4, 2024

Automate what you can 3. Take advantage of wellness benefits The numbers are in, and they reinforce the mental health challenges facing accountants. Long hours and heavy workloads are nothing new for many accounting professionals. Here are some tips for helping accountants to reduce and manage stress: 1. Jump to: 1.

Tax 71

Tax Technology payroll tax accounting careers 71

Xero

NOVEMBER 27, 2023

We’re the first major small business cloud accounting software in the UK to offer on-platform bill payments using open banking. Set up bill payments in Xero now The new bill payments experience Our new bill payments experience means you can now complete your entire accounts payable workflow in Xero, from start to finish.

Technology 95

Technology accounts payable accounting software Start-ups 95

ThomsonReuters

FEBRUARY 6, 2024

Jump to: When to consider an automated tax software solution Benefits of sales tax automation software What if you don’t have a complex business model? What if you don’t have a complex business model? Automation guarantees the correct indirect tax calculated in every jurisdiction where you do business.

Sales 98

Sales Tax audit Account 98

ThomsonReuters

APRIL 25, 2024

When it comes to navigating the tax landscape of 401(k) contributions and withdrawals, it’s important for accountants to stay informed and help clients make tax-efficient decisions during their retirement years. What are some 401(k) tax benefits? What is the 401(k) tax limit? Jump to: Is a 401(k) pre-tax? How is a 401(k) taxed?

Tax 52

Tax income tax tax preparation Account 52

Xero

MARCH 18, 2024

To see the latest changes check out this article – setting up your organisation’s financial settings. What is Basis Period Reform and who’s affected? The measure impacts sole trader and partnership clients who use their own accounting year for Income Tax reporting. What are the two phases of Basis Period Reform?

income tax 69

income tax tax return Non-Profits bookkeeping 69

Inform Accounting

AUGUST 10, 2023

From small businesses with big ambitions to freelancers figuring out tax returns, Starling’s award-winning business bank account is designed to make entrepreneurial life a little easier. Apple for a Starling Bank account today! Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

tax return 52

tax return Account accountant accounted 52

Ryan Lazanis

MAY 17, 2022

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Let’s check them out! Marketing for Accountants 101. 1 Get Blogging. #2

Account 98

Account accountant accounted accounting firms 98

Xero

AUGUST 30, 2023

Have a look at the four categories and what the judges are looking for to figure out which categories you want to enter. Have a look at the four categories and what the judges are looking for to figure out which categories you want to enter. Tip: For video filming tips to follow, be sure to check out our guide. Ready to apply?

bookkeeping 95

bookkeeping Technology Account accountant 95

Snyder

OCTOBER 31, 2022

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?

E-commerce 97

E-commerce Start-ups Tax Sales 97

ThomsonReuters

FEBRUARY 5, 2024

The accounting profession is currently navigating through a transformative era. The first step is understanding what people want , which varies from individual to individual. The work of accounting professionals has meaning and purpose, but we need to do a better job of articulating it. Professional development opportunities.

Technology 40

Technology Tax cpa firm audit 40

ThomsonReuters

APRIL 30, 2024

In the world of accounting audits, accuracy and completeness are paramount. What is the role of technology in enhancing audit data review Technology has revolutionized the audit profession, offering auditors powerful tools to enhance data review processes. This is where technology can help.

auditor 52

auditor audit Technology financial statements 52

ThomsonReuters

MARCH 11, 2022

It may be one of the oldest digital technologies in existence, but there’s no denying that the business and accounting worlds still heavily rely on email. 5 ways accountants can manage email more efficiently. The best way to ensure you don’t waste unnecessary time on emails is to set a strict schedule for checking them.

Account 95

Account accountant accounted accounting firms 95

ThomsonReuters

NOVEMBER 14, 2023

But what if you want to express a deeper level of gratitude at work? ” Tell them what you appreciate and why. The power of gratitude You probably say “Hey, thanks” several times a day. It’s a common way to show courtesy and appreciation in everyday interactions. Gratitude is more than just being polite.

Tax 75

Tax business tax Account accountant 75

Xero

OCTOBER 24, 2022

With just two weeks to go ’til Xero Singapore Roadshow, we are buzzing with all that we have in-store for our accounting and bookkeeping community. Opening the day, Managing Director of Xero Asia, Koren Wines will unveil some topline findings from our annual Singapore State of Accounting Industry Report. Benchmark your practice.

bookkeeping 97

bookkeeping Technology Account accountant 97

Nancy McClelland, LLC

NOVEMBER 8, 2023

There will be heaps of people reuniting for the first time since last year, or at least since Scaling New Heights (check out my recent video blog about those amazing takeaways , which includes some bonus QBC suggestions). Kelly Gonsalves is hosting a star-studded one with Insightful Accountant – sign up here.

quickbooks 98

quickbooks bookkeeping Start-ups Account 98

Xero

OCTOBER 3, 2023

Part of this comes down to talking plans through so everyone knows what’s expected of them, and how the tech will help them do their jobs. Think not just about what the tech can do, but how it will fit into company culture. Being objective helps overcome any resistance to change by identifying exactly what’s at stake.

Technology 94

Technology Start-ups Account accountant 94

Xero

MARCH 30, 2023

Over recent years, the world of accounting and bookkeeping has evolved with the times. With a new financial year almost upon us, this is the perfect time to review your practice app stack and consider what digital tools could level up your firm in FY24. That way, they’ll know what they’re being charged for and when.

Non-Profits 100

Non-Profits bookkeeping Start-ups Account 100

ThomsonReuters

NOVEMBER 9, 2023

In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Many firms are shifting their hunt for talent beyond the traditional accounting background. There is no doubt that tax professionals are hard to find, let alone replace.

tax planning 105

tax planning accounting firms Tax Account 105

ThomsonReuters

NOVEMBER 2, 2023

Jump to: What does SAS 145 address? 9 steps to apply SAS 145 Managing SAS 145 compliance What does SAS 145 address? 9 steps to apply SAS 145 So now that SAS 145 is here, what steps should auditors take? At a high level, SAS 145 addresses a company’s system of internal control and information technology.

auditor 105

auditor audit Government Account 105

Xero

MARCH 2, 2023

Despite the fantastic work that accountants and bookkeepers do, the industry has an image problem. We know from our recent research – Five biggest hurdles hindering accountants – that recruitment is a key hurdle you face, and this misconception among the candidate pool isn’t helping.

Account 96

Account accountant accounted bookkeeping 96