Accounting Tools

AUGUST 5, 2023

Related Courses The Interpretation of Financial Statements The Statement of Cash Flows The cash flows of a business are reported on the statement of cash flows. There are two variations on the template for this report, which are the direct method and the indirect method.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Financial Statements 40

Counto

MARCH 23, 2024

Key Principles of SFRS Accrual Accounting: SFRS mandates the use of accrual accounting, recording transactions when they occur rather than when cash is exchanged. This method provides a more accurate representation of a company’s financial health.

Financial Reporting 52

Financial Reporting Accruals Financial Statements Corporation Tax 52

Accounting Tools

APRIL 24, 2024

Faithful representation is the concept that financial statements be produced that accurately reflect the condition of a business. The faithful representation concept should extend to all parts of the financial statements, including the results of operations, financial position , and cash flows of the reporting entity.

Financial Statements 40

Financial Statements Financial Reporting Bookkeeping Accounts Receivable 40

Counto

FEBRUARY 3, 2024

Simple Steps to Prevent Payment Delays and Ensure a Healthy Cash Flow As a business owner, you know how crucial it is to receive payments on time. Late payments can disrupt your cash flow, forcing you to borrow money to cover essential expenses. Discover a smarter way to outsource your accounting with confidence.

AR 52

AR Invoicing Collections Financial Operations 52

Accounting Tools

JULY 24, 2023

This article gives an overview of financial accounting basics for the non-accountant. There can be many accounts, of which the most common are: Cash. This is the current balance of cash held by a business, usually in checking or savings accounts. This is cash loaned to the business by another party. Accounts receivable.

Financial Accounting 75

Financial Accounting General Ledger Accounting Accounting 75

Accounting Tools

APRIL 6, 2024

It is essential to issue billings on time, in order to enhance cash flows. Collections Function The accounting department is responsible for keeping track of overdue invoice payments from customers, and uses a variety of methods to extract payment from them, including dunning letters , phone calls, and attorney letters.

Accounting 75

Accounting Accounting Budgeting Financial Statements 75

oAppsNet

MAY 9, 2024

Accounts receivable is a fundamental concept in business finance, serving as an essential component of a company’s working capital and cash flow management. This article aims to demystify the accounts receivable process, elucidating its significance, operational mechanisms, challenges, and optimization strategies.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Outsourced Bookeeping

MAY 22, 2023

Insufficient bookkeeping methods are a significant factor in these mishaps. This article delves into the causes behind the failure of retail businesses and offers insightful accounting advice to enable them to not just endure but thrive amidst intense market competition. By doing so, they can effectively manage their finances.

Outsourced Bookkeeping 59

Outsourced Bookkeeping Budgeting Accounting Accounting 59

Accounting Tools

NOVEMBER 2, 2023

There is a change in accounting principle when: There are two or more accounting principles that apply to a particular situation, and you shift to the other principle; or When the accounting principle that formerly applied to the situation is no longer generally accepted; or The method of applying the principle is changed.

Financial Statements 40

Financial Statements Accounting Accounting Tax 40

Counto

FEBRUARY 5, 2024

It could include time sheets, cost statements, or certifications of work done issued by relevant professionals. If you encounter difficulties determining the appropriate method of apportionment, consider seeking clarifications from the Comptroller of GST. Discover a smarter way to outsource your accounting with confidence.

Invoicing 98

Invoicing Tax Payroll Collections 98

Counto

JANUARY 11, 2024

The Importance of an Income Statement & How to Read it When it comes to evaluating a business’s financial health, investors, lenders, and business owners rely on three core financial statements: income statements (also known as profit and loss statements), balance sheets, and cash flow statements.

Financial Statements 40

Financial Statements Record Keeping Tax Accounting 40

AvidXchange

JULY 13, 2023

In a world where cash and check payments are steadily declining, these accounts enable businesses to accept card-based transactions. Merchant accounts make payment processing more efficient for suppliers, speed up cash flow, improve customer satisfaction and open new revenue opportunities.

Accounting 52

Accounting Accounting Deposits Data Entry 52

Accounting Tools

JUNE 20, 2023

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements When analyzing the financial statements of a third party, it may be necessary to calculate its capital expenditures. This information should be listed in the notes accompanying the financial statements.

Financial Statements 40

Financial Statements Financial Analysis 40

Nanonets

MAY 8, 2023

Once the payment is received, the accounts receivable will be recorded as "cash" or "revenue" on the company's financial statements. Bad debts are also recorded on financial statements but reported separately from accounts receivable. No code is required. Book a 20-min live demo now.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Accounting Tools

JUNE 20, 2023

Related Courses Business Ratios Guidebook Credit and Collection Guidebook The Interpretation of Financial Statements What is Accounts Receivable Analysis? Accounts receivable are the amounts owed to a business by its customers , and are comprised of a potentially large number of invoiced amounts.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Jetpack Workflow

JUNE 1, 2023

In this article, we share some of the most common services accounting firms outsource, reveal the best accounting firms for outsourcing, and provide some questions to help you find the right partner for your firm. This is especially beneficial if they’re already handling the bookkeeping tasks and AR/AP management.

Outsourced Bookkeeping 52

Outsourced Bookkeeping Bookkeeping Services AR / AP Bookkeeping 52

Jetpack Workflow

FEBRUARY 23, 2023

This article will cover: What accounting automation is The benefits of using more automation in your firm Features you should look for when choosing your accounting software 13 types of automation for accounting firms (with recommended tools to consider) Let’s get started! You’ve landed in the right place. Slack solves those problems.

Bank Reconciliation 52

Bank Reconciliation Data Entry Accounting Accounting 52

Invoicera

FEBRUARY 5, 2024

Summary Traditional invoicing methods have limitations that hinder business growth. Traditional invoicing methods can slow you down and limit your business growth. This convenience speeds up processing, gets you paid faster, and improves your cash flow , eliminating the wait for snail-mail checks and late payment headaches.

Invoicing 52

Invoicing Invoice Processing Data Entry Billing 52

Counto

FEBRUARY 3, 2024

Managing Accounts Payable for Small Businesses In the world of small businesses and startups, managing accounts payable (AP) is a critical aspect of maintaining a healthy cash flow. Accurate Financial Statements: The accuracy and completeness of your financial statements depend on the accounts payable process.

Accounts Payable 52

Accounts Payable Accounts Payable Management Accounting Accounting 52

Nanonets

JULY 21, 2023

In this article, we look at some of the leading reconciliation software or reconciliation tools and also cover how Nanonets can automate reconciliations. Acting as a centralized platform, it retrieves data from the general ledger and compares it with bank statements and invoices, facilitating accurate and swift account reconciliation.

General Ledger 52

General Ledger Account Reconciliation Reconciling Financial Reporting 52

Accounting Tools

OCTOBER 7, 2023

Related Courses The Income Statement The Interpretation of Financial Statements What is the Income Statement? The income statement presents the financial results of a business for a stated period of time. The income statement is an essential part of the financial statements that an organization releases.

Financial Statements 40

Financial Statements Tax Collections Accounting 40

Nanonets

MAY 8, 2023

What are financial statements, and how do I get them? In this article, we will walk through answers to all these questions and more, so you can begin your business bookkeeping journey with confidence. The income and outgo are both recorded to show the cash flow overall and how the transaction affected individual parts of your business.

Bookkeeping 52

Bookkeeping Financial Statements Accounting Software Reconciling 52

MineralTree

MARCH 30, 2023

In this article, we will discuss the challenges associated with franchise accounting and how AP automation helps solve them. In addition, multi-entity consolidations can be time-consuming and complex, requiring significant efforts to reconcile financial statements across various locations.

AP 79

AP Accounting Accounting Invoicing 79

Future Firm

AUGUST 22, 2022

Pricing If you’re interested in management software for accounting firms, it’s hard to ignore cost and the impact on your cash flow, which is why we’ll take a look at this as well. The monthly price per user is reasonable on your cash flow. If I add a note to a job, it won’t flow up into the client record.

Accounting 105

Accounting Accounting QuickBooks Accounting Software 105

Cloud Accounting Podcast

APRIL 27, 2020

Actually, there was a great article that I tweeted out. I found an article about people working from home, and their connectivity issues; had some interesting data in it. David Leary: [00:16:51] Even AccountingWEB had an article from somebody from the AICPA talking about how you can help your small business clients beyond just the PPP.

Tax 40

Tax Accounting Accounting Deposits 40

Cloud Accounting Podcast

SEPTEMBER 22, 2020

This means that e-commerce sellers are dealing with massive amounts of transactions that need to appear in the general ledger correctly so that you can easily reconcile these transactions with a bank statement. If you don't control the code; if you're unable to see where all this data is flowing through the code, then.

QuickBooks 40

QuickBooks XERO Payroll Deposits 40