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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

As a CPA that studies and practices accounting, I know that accounting isn’t the most exciting thing in the world. In this post, I’m going to simplify the accounting basics for small business owners. By the end of this post, you will know the what, why, and how of accounting. What is Accounting?

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Understanding Accounts Receivable (AR): Accounting Basics You Need to Know

Snyder

If you’re training to become a certified public accountant or you already work as a CPA, the accounts are part of your CPE training and you probably know everything there is to know about them. What is accounts receivable (AR)? Account receivable vs account payable. Why you need accounts receivable.

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Accounting advisory: What you need to know

ThomsonReuters

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? Let’s take a look at the basics. What is accounting advisory? Practice Forward is the greatest thing we’ve ever done for the firm.

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Xendoo vs. QuickBooks: The Difference

xendoo

Let’s break it down and discover what will work best for your business: Xendoo vs. QuickBooks. . What Is Accounting Software? Accounting software is a program or application that assists you with accounting or bookkeeping tasks. Accounts receivable. Sales orders. Purchase orders.

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Reconciliation in Accounting: Difficulties in Reconciling the Accounts

Snyder

In today’s article, we’ll examine why reconciling is important, what makes it difficult, and outline a secure and efficient way to do it in just two clicks. What is account reconciliation? Why do you need account reconciliations? Difficulties in reconciling accounts. How to do account reconciliation.

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Say Goodbye to Ineffective Marketing Tactics: Why Your Firm Needs ABM

CPA Practice

It can help you identify and cater to a specific market through the sales and marketing team’s efforts. What is account-based marketing? What does that mean? So, why does an accounting need ABM? Increase the pace of its sales process. Reduce the length of its sales cycles. Enhance cost efficiency.

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