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Avoid These Costly, Yet Common Small Business Bookkeeping Mistakes

Remote Quality Bookkeeping

Misclassifying expenses , skipping reconciliations, and misunderstanding how to handle accruals are all common bookkeeping mistakes that can lead to serious reporting errors and even IRS red flags. While software tools make bookkeeping more accessible, they dont eliminate the learning curve.

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11 Key Items for a Month-End Close Checklist (Free Template)

Jetpack Workflow

The goal is to ensure payments to all employees are correct, including bonuses, commissions, and other benefits. It also allows you to confirm that all payroll entries, including accruals, are posted to the accurate ledgers. The period’s balance in the AR ledger appears in your balance sheet as an asset.

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Fiscal Year in Singapore: What Is It and Why Is It Important? 

Counto

This date is crucial as it marks several key deadlines and operational benchmarks: Annual General Meeting (AGM): Companies must hold their AGM within six months after the FYE, where financial statements are presented and significant business matters are discussed. appeared first on Welcome to Counto Singapore.

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How CFOs Can Prepare for Financial Digital Transformation

MineralTree

Yet only 12% of companies have their AP and AR functions fully automated. Streamline Accruals. AP automation simplifies financial operations, making it easier for finance teams to calculate accruals. Nearly 3 out of 4 financial leaders ( 74% ) noted that the pandemic underscored the need for more accurate forecasting.

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Interview: Year-End Best Practices in a Paper-Based Process with Bill Schiffli

AvidXchange

Roll forward fixed assets: prepaid, expense accruals, etc. The process goes something like this: Gather end of month documents: bank statements, final expense reports, open invoices, etc. Perform reconciliations: bank, credit card, inventory, etc.

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ScaleFactor Fails to Scale, Blames COVID-19

Cloud Accounting Podcast

They'll do cash, or accrual accounting. Then, the bigger you are, the more they're gonna charge you. They're not gonna charge you $500 a month if you're a $10 million-a-year business. [00:11:41] They also have accrual accounting, but it's pretty much similar, other than that. They will do your bill pay powered by Bill.com.

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How to File Annual Returns with BizFile in Singapore in 2025

Counto

How to File Annual Returns with BizFile in Singapore in 2025 Filing your Annual Returns (AR) is a key part of keeping your company compliant in Singapore. What Are Annual Returns (AR) and Who Needs to File? Heres a practical guide for small business owners on how to file your Annual Returns using BizFile in 2025.