5 Minute Bookkeeping

MARCH 25, 2021

As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books ! The key is knowing which is which and what goes on inside QBO when you create journal entries to make corrections.

quickbooks 98

quickbooks accounts payable bookkeeping payroll 98

ThomsonReuters

MARCH 8, 2021

Whether you’re starting your career, or you’ve been in the profession for a while, women have more opportunities than ever to rise above in the tax and accounting profession. How we find ourselves in a career such as tax and accounting isn’t always typical. Then, I took an accounting class, and the nerd I am, it clicked for me.

Tax 111

Tax Account accountant accounted 111

Mark Lee

OCTOBER 24, 2023

Conversations with the accountants who are or have been my clients reveal a wide range of such rates. It is clear to me, by the way, that different accountants will have very different ideas as to what a reasonable hourly rate might be. My experience and that of my accountant clients would disagree on both counts.

Tax 94

Tax tax return Account accountant 94

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. How do you know when your accounting technology is outdated? What are the risks of using outdated accounting software?

Technology 98

Technology Account accountant accounted 98

Mark Lee

DECEMBER 12, 2023

Historically most clients stay with their accountant for many years. They generally move only when they feel their accountant doesn’t care enough about them, puts their fees up significantly or messes up. My advice in this blog post about safeguarding your practice largely concerns only what I might call ‘simpler’ clients.

tax return 94

tax return Tax bookkeeping bookkeeping services 94

Mark Lee

MARCH 12, 2024

I hope you would agree that clients choose you as their accountant because they believe that your services will be of more value to them than those of a cheaper accountant. they don’t know what they like, want or need. That third type of client should be the easiest to win over.

Non-Profits 52

Non-Profits Account accountant accounted 52

Xero

AUGUST 25, 2022

The last two days at Xerocon New Orleans have been a fantastic whirlwind, and I was particularly thrilled to speak about my favourite topic – how to keep your practice cyber safe – in a breakout session on the second day for our delegates. . Your employees make up ‘the human firewall’.

Education 81

Education Account accountant accounted 81

ThomsonReuters

JUNE 22, 2022

Most business owners have a traditional understanding of what an accountant does. She hired an accountant and eventually went back to work full-time and had two more kids. As a working mom of four with a successful business, she was initially content with the traditional accountant relationship. I was like, wait a second.

bookkeeping 98

bookkeeping tax preparation tax return Start-ups 98

ThomsonReuters

JUNE 15, 2021

Starting your own CPA firm may seem like a distant fantasy, but with barriers to entry lower than they’ve ever been, it could be closer than you think. Angie Wood, owner of Wood CPA , started her firm in 2019 after several years of working for larger accounting firms. To me, the tax return should be the last thing we worry about.

cpa firm 98

cpa firm tax return CPA Non-Profits 98

Mark Lee

OCTOBER 31, 2023

You’re not alone if you’re fed up of hearing commentators, software vendors and app developers tell you what your clients are thinking. They are speculating and many are simply repeating what they have heard others say; and then mistakenly think these messages resonate with you. Not that they know of course.

tax return 92

tax return bookkeeping bookkeeping software accounting and finance 92

Mark Lee

FEBRUARY 13, 2024

Accountants, bookkeepers and tax advisers study for years to qualify in their chosen profession. And, if you’re like most decent professionals you then commit time and effort to keeping up to date by committing to, at least a minimum level of, Continuing Professional Development (CPD). What nonsense!

Account 52

Account accountant accounted Non-Profits 52

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do smaller accounting firms use AI? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. How many accounting firms use AI? How do smaller accounting firms use AI? For now, not many.

accounting firms 111

accounting firms Account accountant accounted 111

Xero

MARCH 26, 2023

But while we’ve all heard of the term, not everyone really knows what it is or how to use it (or rather, whether it can be useful for them). Working with AI Just because something is available to use, doesn’t necessarily mean you should use it. The best way to think about AI is as a tool — like a hammer. in the wrong ones.

Technology 110

Technology Account accountant accounted 110

Nancy McClelland, LLC

JANUARY 18, 2024

It seems that for 2023, Gusto has slightly changed the details for how they handle distribution of 1099 and W-2 forms — and so that no one ends up without a copy of their important documents, I am sharing the step-by-step process that we went through for our own firm, in hopes that it helps you manage it in your own small business.

payroll 52

payroll Start-ups Tax CPA 52

Xero

DECEMBER 8, 2022

Small business owners and entrepreneurs can feel like they face immense pressure to not only drive profits, but take positive action for our planet as a whole. . B-Corp certified accounting practice Thrive is on a mission to help tech start-up clients achieve this balance, ensuring they’re successful across people, planet and profit.

Technology 71

Technology Start-ups Education Maine 71

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.

accounting software 98

accounting software quickbooks Account accountant 98

Xero

OCTOBER 11, 2022

If this slightly portentous opening feels overblown, that likely means you have your ducks in a row or are unaffected by the government’s push to digitise tax. Others, however, may look upon the date with the realisation that, oh dear, this is really happening. . It’s really helping us manage our cash flow.” .

Tax 89

Tax income tax Start-ups Account 89

Ryan Lazanis

SEPTEMBER 19, 2023

In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. Remember, clients always look for what’s in it for them. Let’s go! If you just talk about yourself, your values, etc.,

Account 98

Account accountant accounted bookkeeping 98

ThomsonReuters

MARCH 26, 2021

Together, we discuss career paths and the best advice for those looking to rise to individual success within the tax and accounting profession. From French class to Firm Owner, or a coupon to Executive Director – the path you take in the tax and accounting profession isn’t always common. I do, and I can help them with that.

cpa firm 98

cpa firm CPA Non-Profits Start-ups 98

ThomsonReuters

APRIL 23, 2021

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. Paul Miller’s path into tax and accounting started different than most because it didn’t start in the industry. “I

accounting firms 98

accounting firms Tax Account accountant 98

Reckon

MARCH 26, 2023

We recently sat down with Reckon’s general manager of marketing, Brad Stevens, to chat about creating a marketing plan, core considerations, the hierarchy of marketing activity and what small businesses should be thinking about. 2) With a varied career behind you, what would you say is the primary purpose of a marketing plan?

B2C 52

B2C B2B Start-ups Sales 52

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. That is a question firms should consider as they reflect on the tax season. In these cases, firms should seriously consider separating from them and seeking new clients who better align with the firm’s goals, business model, and culture.

accounting firms 96

accounting firms Tax Real Estate Account 96

Xero

JUNE 2, 2022

What an amazing few days for team Xero in South Africa. I loved seeing all the positive reactions from the 2,000+ accountants, bookkeepers, banks, apps and other industry partners. Here are a few takeaways from my keynote and some of our guest speakers: Xero’s commitment to driving the industry forward .

Account 79

Account accountant accounted bookkeeping 79

Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. So let’s begin our journey to the land of accountancy! Small business owners.

Account 52

Account accountant accounted bookkeeping 52

Withum

JANUARY 24, 2024

The article in question should also be read in its entirety since it has much more information than I could cover here. Here are my comments: Barron’s stocks as a group made money, 9.9%, and I think that is pretty good. If the trading was done in a tax-deferred account, then taxes would not have been a factor.

Tax 52

Tax Sales Account accountant 52

Mark Lee

AUGUST 1, 2023

If you’re either a busy accountant and/or a regular at networking events, you probably get asked this question (How’s business?”) And lots of accountants (indeed, all sorts of people) reply without thinking about what they’re saying, with the result that they fall into the trap and suffer the consequences of doing so.

Account 52

Account accountant accounted Maine 52

Ronika Khanna CPA,CA

DECEMBER 7, 2023

Watch QuickBooks Online tutorials on my YouTube channel and subscribe to be notified of new videos. The search for the right accounting software can be a time consuming process. A Google search for “ small business accounting software ” yields over 250 million results. If you use these links we may earn a commission.

accounting software 52

accounting software quickbooks Account accountant 52

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients?

Account 88

Account accountant accounted tax return 88

Mark Lee

OCTOBER 10, 2023

What has changed as regards what your clients’ customers want and need? In the same way that your clients take out insurance in case the worst happens, they should be doing some insurance thinking about how they will survive (or even thrive) as the world, society and the economy changes. The list goes on on).

bookkeeping 52

bookkeeping accounting and finance Legal Sales 52

Mark Lee

JULY 18, 2023

‘How to deliver advisory services for maximum success’ is the sub-title of a superb new book for accountants that I read recently. Let’s just say that I wish I had written this book, as I am already recommending it to accountants, without reservation. Is it right for my clients? In 5-10 years though?

tax return 52

tax return Account accountant accounted 52

Mark Lee

JANUARY 17, 2023

Should I reference my fees on my website? And if so, how can I do this given how my fees vary from client to client? These are very common questions I get asked by accountants, bookkeepers and tax advisers. And my answer is always: “It depends.” What if they’re surprised by your quote?

tax return 52

tax return Account accountant accounted 52

Ryan Lazanis

APRIL 18, 2023

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? In fact, ChatGPT wrote the above description: Can AI Replace Accountants?

Account 96

Account accountant accounted Technology 96

Xero

SEPTEMBER 1, 2022

My experience has shown this is a complex problem to solve and one I believe businesses, accountants and lenders must all solve together. What this did from a lending perspective is very interesting,” said Katrin. “We One of the greatest challenges for small businesses is accessing capital when they need it most. The UK’s 5.6

Finance 86

Finance bookkeeping accounting and finance Non-Profits 86

Mark Lee

JUNE 6, 2023

These days many accountants feel as if they are working harder than ever just to stand still. And that feeling seems worse if they are looking to actively grow their practice. It needs to be managed carefully to reduce that sense of overwhelm. It is typically older accountants who approach me with feelings of overwhelm.

Start-ups 52

Start-ups Account accountant accounted 52

SchoolofBookkeeping

FEBRUARY 2, 2024

Advanced Inventory Tracking inventory Using QuickBooks Online For years the outcry from the accounting community has been “QBO doesn’t track inventory” and when QBO was first unveiled (circa 2000), that was 100% accurate. It’s a Pandora’s box that deserves a blog of its own, but needs to be mentioned.

quickbooks 52

quickbooks E-commerce Manufacturing Approval Workflows 52

ThomsonReuters

APRIL 23, 2021

In 2020, tax and accounting professionals found themselves amid a major disruption in their daily firm life. When you look at the pandemic environment, one of the biggest decisions was technology,” says Paul. “We We needed a duplication of a workspace: a similar setup at home to what you have in your office.

CPA 105

CPA cpa firm Tax tax return 105

Ryan Lazanis

JULY 11, 2023

Do you want to attract top-tier talent for your staff accountant position? One of the things you must have is a compelling and comprehensive staff accountant job description that showcases what you can offer. Table of Contents The Strategy for a Good Staff Accountant Job Description What Does a Staff Accountant Do?

accounting jobs 40

accounting jobs accountant jobs accounts jobs Account 40