article thumbnail

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?

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Account 88
article thumbnail

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? We won’t just connect you with a random CPA during tax season, though—you’ll have a dedicated, certified account available at all times, whether it’s on April 14th or October 14th. .

article thumbnail

Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

Attendees will walk away with an in-depth understanding of the following: What is accounting? Your CFO vs. your CPA Statement of Cash Flows vs. Cash Flow Statements, and which one is more important to your business April 6th, 2023 at 9:30am PST, 12:30pm EST, 5:30pm GMT

article thumbnail

Bookkeeping vs. Accounting: What’s the Difference Between Bookkeepers and Accountants?

Snyder

Bookkeeping vs. accounting: what is the difference between bookkeeping and accounting? What a small business owner should know: what is bookkeeping? What is the role of the bookkeeper? What a small business owner should know: what is accounting? What is the role of an accountant?

article thumbnail

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.