Basis 365

NOVEMBER 30, 2022

It's the most wonderful time of the year until you realize that you still have year-end accounting tasks to complete. What is YEAR-END ACCOUNTING? Before we get into the details of year-end financial accounting, let's first define what year-end is and why it is essential for your company.

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Menzies

JULY 27, 2023

Menzies LLP - A leading chartered accountancy firm. At the time of writing (July 2023), there are instant access deposit accounts offering over 4%, whilst a two-year fixed rate cash bond can offer over 6%. Why invest in equities or fixed interest securities? state pension or a defined benefit scheme).

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ThomsonReuters

OCTOBER 5, 2023

Jump to: What is amortization in accounting? How to calculate amortization Amortization vs. depreciation Managing amortization of assets Companies have a lot of assets. There is, however, no one-size-fits all approach when calculating the value of a company’s assets. What is amortization in accounting?

Account 52

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Withum

MAY 23, 2022

Institutional asset owners are going net-zero, real estate is a significant source of Greenhouse Gas (GHG) emissions and net-zero is a fixed, definable target. For example, 236 asset managers with $57.5 For example, 236 asset managers with $57.5 The reasons why are very straightforward. Contact Us. Contact Us.

Real Estate 64

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ThomsonReuters

MAY 10, 2023

Clarifying audit scope SAS 145 defines significant class of transactions, account balance, or disclosure, which is important for firms as it helps to clarify scope and improve efficiencies. Although the term significant class of transactions, account balance, or disclosure is not new, it was not previously defined.

audit 52

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Withum

SEPTEMBER 18, 2023

It’s important that you request the Release Preview account (a copy of your production account) to test and verify all your critical processes to ensure that this works as expected in the new release version. The NetSuite 2023.2 release is underway, and it brings with it some great new enhancements. Release notes here. NetSuite 2023.2

NetSuite 59

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ThomsonReuters

FEBRUARY 1, 2024

Jump to: What are the GAAP accounting rules? Therefore, it is critical that organizations use standardize d accounting practices when reporting financial information to ensure the information is transparent, consistent, and comparable. Enter Generally Accepted Accounting Principles, more commonly known as GAAP. securities law.

Non-Profits 52

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SchoolofBookkeeping

NOVEMBER 20, 2023

Gather 'round, accounting aficionados! As you review the Intuit/QuickBooks websites, You will see a lot of these features using this term, but as an accounting professional, you are the seamstress of small business owners, and you know where all the seams are, and how many stitches are needed.

quickbooks 52

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Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

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5 Minute Bookkeeping

MAY 27, 2021

What should you do if you are working on a massive QuickBooks Online cleanup and you come across a mysterious balance in an account called Opening Balance Equity on the balance sheet? You probably won’t recall ever adding that account to QuickBooks Online, or categorizing any transactions to/from it. What is Opening Balance Equity?

quickbooks 52

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Ryan Lazanis

APRIL 16, 2022

This is my complete guide for accounting advisory services in 2022. In this guide, I’ll review: What accounting advisory services are. What are Accounting Advisory Services? Why Should You Offer Accounting Advisory Services? The Top Advisory Accounting Services in 2022. What are Accounting Advisory Services?

Account 98

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PYMNTS

NOVEMBER 7, 2018

That growth was outpaced by a record number of applications, up 30 percent year on year, as LendingClub looks to spur “awareness” of the benefits of fixed-rate lending in an era where interest rates are on the rise. Overall, the company reported a top line that was up nearly 20 percent to $184.6 million, beating consensus by about $2.6

Legal 63

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PYMNTS

OCTOBER 13, 2016

According to the complaint, the trio worked in the same call center located in India and the firms all share bank accounts, employees and other defining characteristics. The hacking and ransom itself: Tie up a user’s computer and then say they’ve got a virus – one you;ll fix…for money, of course.

Legal 66

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Accounting Insight

FEBRUARY 21, 2023

The HMRC defines these items as follows: Travel Travel expenses include any costs you incur to get from one place to another, including transportation and lodging, meals, and incidentals. Travel and entertainment expenses (T&E) can give your business a competitive advantage if used wisely and effectively.

Travel Expense Management 59

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LyfeAccounting

OCTOBER 14, 2020

You see, here at LYFE Accounting, we handle the books for small business owners everyday and have a time-tested 6-step process that helps small businesses make better financial decisions that lead to greater profitability. Today, I’ll be deep-diving into the bookkeeping basics for small business. What is Bookkeeping and Why is it Important.

bookkeeping 52

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Cherry Bekaert

JULY 11, 2023

Over the years, the Governmental Accounting Standards Board (GASB) has issued various pronouncements ambiguously named “Omnibus.” Government Accounting Standards Board (GASB) Statement No. Why would the purchase of the underlying asset not be considered a termination option when such an event would seemingly terminate the lease?

Government 40

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ThomsonReuters

MAY 12, 2022

Sales tax auditors examine federal income tax returns to reconcile the gross sales between the federal return, the sales tax return, and the sales recorded in accounting records. Auditors also examine the depreciation schedule to determine if any sales or purchases of fixed assets occurred during the audit period.

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Acterys

JUNE 16, 2023

Optimizing an organization’s financial health can be a challenging task, especially for CFOs and other finance leaders. Maintaining control over an enterprise’s spending and resources is crucial for success. At its core, a financial budget helps determine your cash flow and make adjustments based on the business plans and market environment.

Finance 130

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Going Concern

APRIL 19, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. The Big Four accounting firm is considering adding about 85 U.S.

cpas 76

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inDinero Accounting

JUNE 24, 2021

At inDinero, we believe accounting supports business. If a business owner doesn’t understand an accounting term , we don’t use another accounting term to explain it. We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak.

Non-Profits 85

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PYMNTS

JUNE 27, 2016

After you take into account both who has adopted the service, and how often people who have adopted it use it, the numbers have barely moved over 20 months: roughly speaking, only one person in 20 who have the service use it when they can, 19 out of 20 people who have the service don’t even bother.

Start-ups 66

Start-ups Technology Retail Account 66

Accounting Seed

MARCH 29, 2023

Topics Billing & revenue Payables & expenses General ledger Financial reporting Project accounting Multi-company Multi-currency Taxation Orders & inventory Billing & revenue Account / Customer Textbook Definition Customer master record used to record billing addresses, payment terms, etc.

general ledger 59

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Snyder

JUNE 13, 2022

Let’s look at some trends and challenges defining the current e-commerce landscape. Classic types of funding , such as loans and credit lines, usually require long periods of time to approve and can be unavailable for smaller companies that don’t yet have enough assets or equity. Demand for personalization.

E-commerce 52

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Snyder

AUGUST 26, 2022

And you’re right to do so, as P&L shows your company’s growth and profitability over time, the cash flow statement demonstrates liquidity, and the balance sheet gives you a snapshot of assets. Experts say : There’s no right answer when it comes to defining unit economics. Let’s get started! Contents: 1.

E-commerce 52

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PYMNTS

SEPTEMBER 16, 2019

After over two years of speculation — and a fair number of predictions of imminent doom — it seems MoviePass has finally, actually come to its last reel. MoviePass is the service that came to prominence with its too-good-to-be-true offer of a $9.99 MoviePass is the service that came to prominence with its too-good-to-be-true offer of a $9.99

Gaming 52

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