Remove 2018 Remove Collections Remove Financial Statements
article thumbnail

Making compliance easier with a new Xero and BGL workpapers partnership

Xero

This means less tedious work leading to faster review and finalisation of client accounts, tax returns, and financial statements. Enhanced collaboration: You will be able to easily assign and review workpapers within your practice, approve and make adjustments and collect information from clients faster.

XERO 218
article thumbnail

Billing Compliance: 4 Things You Need to Know

Billing Platform

It leverages policies and procedures that provide the guidance organizations require to collect, process, and use data. Generally Accepted Accounting Principles (GAAP) Set by the Financial Accounting Standards Board (FASB), GAAP consists of a collection of commonly followed accounting rules and practices.

Billing 52
professionals

Sign Up for our Newsletter

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

article thumbnail

Navigating Success with the Best Accounting Software for CPAs and Accounting Firms

CapActix

Beyond these features, QuickBooks offers services like live bookkeeping, payroll management, point of sale solutions, and time tracking capabilities, which are essential for outsourced accounting firms. Benefits Simplifies invoice generation and monitoring Effortlessly access standard financial statements such as balance sheets, profit and (..)

article thumbnail

Ep. 210: Ane Ohm – Simplifying FASB’s New Lease Accounting Standards

IMA's Count Me

And then collect those six basic pieces of information. Which is, let's say you have comparative financial statements, you have two years that you publish every year. So I know that when this was first enacted or talked about in 2018, it affected all of the public companies. We've been talking about this since what?

article thumbnail

7 Steps to Automate your Accounts Payable

Nanonets

Think of it as your business's tab: it's a collection of everything you've purchased on credit and need to pay back within a specified period. Financial Reporting Accuracy: Accounts payable plays a critical role in ensuring the accuracy of financial statements, reflecting the company's financial health and obligations.

article thumbnail

147 Cloud Accounting Software Apps: The Big List

Future Firm

That, plus other great financial automation and accounting features too to help you track expenses. 12) Hubdoc Acquired by Xero in 2018, Hubdoc‘s claim to fame is its invoice fetching capabilities. Also, opt to request credit card payment information from your client upfront to automate collections.

article thumbnail

Tax Day is July 15. Still

Cloud Accounting Podcast

Blake Oliver: [00:10:40] I don't think this was listed in the blog post about the reasoning for not moving the deadline, but I did hear some speculation that the big reason managing partners wouldn't wanna move the deadline is that they collect payment from clients when they file returns. In total, the IRS has audited about 0.15

Tax 40