Less Accounting

MAY 9, 2023

Collect all your financial records It’s hard to say which part of this process is the most difficult, but depending on the type of business you have, rounding up all your past financial records may be the most time-consuming. This could include computers, printers, vehicles, furniture, or machinery, just to name a few.

Bookkeeping 98

Bookkeeping Accruals Reconciling Accounting Software 98

Accounting Tools

JUNE 12, 2023

Confirm account balances, investigate subsequent collections, test year-end sales and cutoff procedures. Examine subsequent payments, compare balances to prior years, recompute accruals. Confirm with lenders, review lease agreements, review references in board of directors minutes.

Financial Statements 76

Financial Statements Auditing General Ledger Bank Reconciliation 76

Less Accounting

NOVEMBER 18, 2022

January through April can feel like an all-out scramble to collect and track down information for your CPA. Assess Your Bookkeeping System While you prepare for tax season, it may be a great time to evaluate if your business is best served by using cash basis or accrual accounting. But it doesn’t have to be.

Tax 52

Tax Accruals CPA Bookkeeping 52

Jetpack Workflow

MARCH 21, 2023

For businesses using the accrual method of accounting, it means double the work, entering data twice for every transaction. Data and service loss risk increases due to reliance on computers. Since money from the sale has not been received, your business records it as a receivable, meaning it’s money to be collected.

Bookkeeping 52

Bookkeeping Bank Reconciliation Reconciling Accounts Payable 52

AvidXchange

FEBRUARY 20, 2018

Top recommended finance department fraud and security practices include the following: Implement cloud-based or edge computing for streamlined data security. Instead, paperless processes track every payment and requisition without manually managing accruals. Best practices for security before, during, and after tax season are critical.

Tax 40

Tax Invoicing Accruals Computation 40

Cloud Accounting Podcast

AUGUST 3, 2020

I am going to have to upgrade my computer, though, because my laptop, which doesn't have a graphics card, is kind of struggling. It works, but I really would like a smoother experience, and now I get to justify buying a new computer. These allow you to collect payments on fixed-price items and services using a simple URL.

QuickBooks 40

QuickBooks XERO Bookkeeping Payroll 40

Cloud Accounting Podcast

JUNE 1, 2020

The legislation suspended wage garnishments, and other involuntary collections on federal student loans until September 30, but the Education Department, or Department of Education has been garnishing people's stimulus payments to pay their federal student loans, despite that. David Leary: [00:45:19] Really? Blake Oliver: [00:45:21] Yes.

Tax 40

Tax Billing QuickBooks Payroll 40