Accounting Tools

DECEMBER 20, 2023

Transaction Entry A transaction entry is the primary type of business event for which the accountant would create an accounting entry. Examples of accounting transactions are the recordation of an invoice to a customer, an invoice from a supplier, the receipt of cash, and the purchase of a fixed asset.

Accruals

Compleatable

JUNE 15, 2023

The first step is to provide finance with total visibility and control before the shopping purchase is made, during the transaction processes and historically after the event, maintaining a full digital audit trial of every step. Every customer has their own unique purchasing and accounting software applications and associated disciplines.

Invoicing

Billah and Associates

JULY 19, 2023

Chart of accounts : A chart of accounts is a categorized list of all the accounts used by a business. Accrual basis vs. cash basis accounting : Accrual basis accounting recognizes revenue and expenses when they are *earned* or *incurred*, regardless of the cash flow.

Bookkeeping

Nanonets

MARCH 12, 2024

Manual R2R Process Some freelancers, startups, and small businesses navigate the Record-to-Report (R2R) process without the sophisticated infrastructure of ERP or dedicated accounting software, especially in their early stages. Data Collection: Manual entry into spreadsheets or simple accounting tools like Excel.

Financial Reporting

Counto

NOVEMBER 7, 2024

Analyse Sales Patterns: Track peak and off-peak sales periods, such as weekends, public holidays, or special events. Example: A restaurant could use POS-integrated accounting software to track every transaction from food orders to supplier payments. Recognise any seasonal trends to anticipate slower months (e.g.,

Revenue Cycle

Cloud Accounting Podcast

AUGUST 3, 2020

David Leary: [00:09:37] Unless some miracle happens on the Hill tomorrow, or today possibly - I'm sure they've worked all weekend- Blake Oliver: [00:09:45] This is not good news, but I do have a little bit of good news, which is that the IRS is making it easier to change your accounting method during the pandemic.

QuickBooks