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The 5 Most Common Small Business Accounting Mistakes

VetCPA

Small businesses make accounting errors and oversights regularly. Here, we cover five of the most common small business accounting mistakes. Recording everything is an excellent rule to follow for bookkeeping and accounting for a small business. Not necessarily.

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Small Business Accounting Software: A Skagit County Owner’s Guide

SkagitCountyTaxServices

And it wasn’t THAT long ago that electronic spreadsheets were considered “a big advancement” in accounting technology. Businesses put away those old ledger books and took to smudge-free financial data entry. If you want to talk more about these or any other deductions your business could be taking, let’s chat: 360-424-1040.

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How a Point-of-Sale System Can Help on Small Business Taxes

CPA Practice

For many small business retailers, managing a point-of-sale (POS) system comes with the territory of owning a store. But, every year, these businesses must also prove that they’ve kept track of sales and are correctly reporting their earnings. Enter the small business accountant.

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The Best Tech for Accounting Firms: CPAs Voted for Readers Choice Tech Awards

CPA Practice

has become a massive challenge for most small and mid-sized businesses. And following dire budget conditions during and following the pandemic, states have greatly increased their sales tax audit activity. About 39% of our 5,000+ voters cited use of such systems, but most of those (apx.

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Alison Ball Named VP of Marketing at Bookkeep

CPA Practice

She instinctively understands the pain points and challenges as a former bookkeeper and is skilled in collaborating with engineering teams to devise solutions accounting professionals need,” said Jason Richelson, CEO and Co-founder of Bookkeep. “As 1 choice for accounting pros that serve ecommerce and retail clients.”

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What Is Inventory?

Patriot Software

Unless you own a service-based business, you likely have inventory. Knowing how much inventory you have is crucial for managing accurate small business accounting books, ordering new stock, and making pricing decisions. Inventory meaning Inventory represents the goods your small business has for sale or in storage.

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What are Days Sales Outstanding and How Can You Reduce Them?

AccountingDepartment

Day sales outstanding (DSO) is the term used to measure how much time it takes for a business to get paid for a product or service. The goal of a business is to keep the DSO as low as possible. Days sales in receivables are the same thing as DSO.

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