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The Difference between Bookkeeping and Accounting

SMBAccountant

Generally speaking, bookkeeping is a part of the accounting process that focuses on recording financials transactions and is heavily rooted in data entry and reconciliation of bank and credit card transactions and statements. Forensic accountants research financial transactions to uncover fraud. to review performance and profitability.

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R&D Tax Credit: The Innovation Incentive

Cherry Bekaert

For some start-up companies, a portion of R&D tax credits can be used to offset federal payroll tax liabilities. Startup companies can use the R&D tax credit to offset up to $250,000 of payroll tax liabilities. Performing the R&D Credit Study Accumulate financial / cost accounting information.

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Accountant Vs. Controller: What's the difference?

Basis 365

What is an accountant? Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting. They also operate payroll smoothly.

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Offshoring: Not New… but Increasingly Mainstream

PANALITIX

An unpredictable economy encourages business owners to reduce costs (like a large payroll) in favor of less onerous obligations (like subcontracting arrangements). Fee pressure also urges Accountants to reduce costs. Seasonality in our industry makes flexible work arrangements more attractive. .

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6 Reasons Construction Companies Need Accounting Professionals

Pooley Accounting Services

Each job is a project that has specific costs associated with it, and each project is expected to be profitable. When preparing a bid, construction companies need to consider the financial implications of the following: Direct and indirect costs. Forecasting Direct and Indirect Costs. Revenue recognition.

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Tips To Beat Rising Costs of High Inflation for Resorts

Withum

There is no “one size fits all” approach to cutting costs as each resort is unique and has its own operational challenges. The following are some general ideas to consider that can help combat the effects of rising costs. This visibility allows a spending analysis by cost, vendor, function, etc.

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Learn When Your Should Outsource Your Accounting

xendoo

What happens if your in-house accountant needs to take a sick day or goes on a two-week vacation? Depending on the circumstances, this could bring your company—including its payroll—to a grinding halt until your staff member returns. Outsource accounting teams can minimize these errors, eliminating the expense associated with mistakes.

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