Accounting Tools

SEPTEMBER 23, 2023

Related Courses Accounting for Inventory Cost Accounting Fundamentals What are Production Costs? The three main categories of costs that comprise production costs are noted below. Other types of production labor are recorded within the category of factory overhead costs.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

JULY 15, 2023

Related Courses Accounting for Inventory Cost Accounting Fundamentals How to Audit Inventory What is COGS? The main categories of costs included in COGS are direct materials , direct labor , factory overhead , and production supplies. COGS is the cost of those goods associated with product sales.

Payroll 75

Payroll Auditing Cost Accounting Tax 75

Accounting Tools

JULY 21, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets Equipment is not considered a current asset. If a business routinely engages in the purchase and sale of equipment, these items are instead classified as inventory , which is a current asset. Instead, it is classified as a long-term asset.

Auditing 40

Auditing Accounting Accounting 40

Counto

MARCH 3, 2024

Dropshipping Overview: Dropshipping is widely considered one of the best ecommerce business models for beginners due to its low startup costs and minimal inventory management requirements. Product Ideas: Explore popular handmade categories like enamel pins and bath bombs, leveraging platforms like Etsy and Shopify to reach a wider audience.

Payroll 52

Payroll Collections Tax Accounting 52

Counto

JANUARY 28, 2024

Set Up Your Lazada Seller Account Properly setting up your Lazada seller account is the first and vital step to start selling on Lazada. Account Verification: After submitting your documents, your account will undergo verification, usually taking one to two business days. Each requires different identification documents.

Bookkeeping Services 52

Bookkeeping Services Payroll Budgeting Bookkeeping 52

Accounting Tools

APRIL 8, 2024

Avoidable Cost Analysis From a risk management perspective, it is useful to periodically review the cost structure of a business and try to shift as many costs as possible from the unavoidable to the avoidable category, which gives management greater room to maneuver if the business suffers a revenue shortfall and must cut back on its expenses.

Financial Analysis 40

Financial Analysis Cost Accounting Accounting Accounting 40

Accounting Tools

JUNE 14, 2023

Related Courses How to Audit Cash How to Audit Equity How to Audit Fixed Assets How to Audit Inventory How to Audit Liabilities How to Audit Receivables How to Conduct an Audit Engagement What are Substantive Procedures? Substantive procedures are included in the audit plan around which an audit is structured.

Auditing 40

Auditing Financial Statements Purchase Order Accounts Payable 40

Accounting Tools

OCTOBER 7, 2023

Types of Financial Ratios The categories of financial ratios that are used for analysis purposes are noted below, under the categories of performance ratios, liquidity ratios, leverage and coverage ratios, and activity ratios. The most common of these ratios are days sales outstanding , inventory turnover , and payables turnover.

Financial Statements 40

Financial Statements General Ledger Financial Analysis Customer Service 40

Accounting Tools

MAY 21, 2023

Related Courses How to Audit Cash How to Audit Fixed Assets How to Audit Inventory How to Audit Receivables How to Conduct an Audit Engagement What are Management Assertions? The assertion is that all transactions have been recorded within the correct accounts in the general ledger. Completeness. Occurrence. Rights and obligations.

Auditing 75

Auditing Financial Statements General Ledger Accounting 75

Accounting Tools

NOVEMBER 2, 2023

Related Courses Accounting for Inventory Activity-Based Costing Cost Accounting Fundamentals Overhead is those costs required to run a business, but which cannot be directly attributed to any specific business activity, product, or service. Thus, overhead costs do not directly lead to the generation of profits.

Cost Accounting 40

Cost Accounting Accounting Accounting Tax 40

Remote Quality Bookkeeping

JUNE 19, 2023

This article will explore some of the most common expenses related to running a small business and how you should categorize them when trying to get an accurate picture of the expense side of your business. Inventory costs Inventory and materials are simple examples of variable costs.

Bookkeeping 52

Bookkeeping Budgeting Tax Payroll 52

Remote Quality Bookkeeping

JUNE 19, 2023

This article will explore some of the most common expenses related to running a small business and how you should categorize them when trying to get an accurate picture of the expense side of your business. Inventory costs Inventory and materials are simple examples of variable costs.

Bookkeeping 52

Bookkeeping Budgeting Tax Payroll 52

Accounting Tools

JULY 8, 2023

Related Courses Cost Accounting Fundamentals What is a Spending Variance? Administrative Overhead The variance calculation is normally applied to each individual line item within this general category of expense. A spending variance is the difference between the actual and expected (or budgeted) amount of an expense.

Budgeting 40

Budgeting Cost Accounting Accounting Accounting 40

Less Accounting

JUNE 20, 2023

A chart of accounts is a critical tool for any business, including ecommerce businesses. Without a chart of accounts, it can be challenging to make informed decisions about the future of your business. Without a chart of accounts, it can be challenging to make informed decisions about the future of your business.

Financial Reporting 52

Financial Reporting Accounting Accounting Accounting Software 52

Accounting Tools

JULY 13, 2023

Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Full Costing? The concept is most commonly used for recording the full cost of inventory in the financial statements. This tends to be a relatively small cost category. An example is production supplies.

Financial Reporting 40

Financial Reporting Cost Accounting Financial Statements Collections 40

Spenmo

NOVEMBER 8, 2022

In this article, we break down the know-how. We also want to leave you with this concept: Assets (A) = Liabilities (L) + Equity (E) As you can see, this indicates that your total assets would have to equate to your total liabilities and equity in the accounting period for your balance sheet. So, how do you write a balance sheet?

Account Reconciliation 52

Account Reconciliation Financial Statements XERO Accounts Payable 52

Nanonets

APRIL 6, 2023

In this article, we’ll cover why image recognition matters for your business and how Nanonets can help optimize your business wherever image recognition is required. Finance & accounting : Companies spend a lot of manual effort in tracking, recording and validating financial transactions. What is image recognition?

Collections 52

Collections Invoice Processing Computation Invoicing 52

Nanonets

JUNE 17, 2023

Account reconciliation is a critical process in accounting, which ensures that financial records are accurate and consistent. This article will provide an in-depth understanding of account reconciliation, its benefits, and how businesses can leverage technology to automate the process. What is Account Reconciliation?

Account Reconciliation 52

Account Reconciliation General Ledger Accounting Accounting 52

Nanonets

NOVEMBER 14, 2023

In this article, we shall look at how E-Procurement works and discuss its benefits. Reduces supply problems, including pricing mistakes, order duplication, and inventory issues. Good Inventory Management : Supports the implementation of just-in-time inventory management. Drawbacks : Suited more for small businesses. 

Purchase Order 52

Purchase Order Vendor Management Invoicing Collections 52

Accounting Tools

AUGUST 31, 2023

The bulk of all cash flows will likely be reported within this category. A key source of cash flow uncertainty is the timing of cash receipts from accounts receivable. When linked to a performance measurement system, the likely result is a continual reduction in the amount of fixed assets and inventory in proportion to sales.

Accruals 75

Accruals Financial Statements Accounts Payable Accounts Payable 75

Nanonets

FEBRUARY 15, 2024

Invoice Processing and Payment This stage comprises the following steps - Process: The supplier sends an Invoice for the machinery to XYZ Corp's accounts payable department. PO Matching: The accounts payable team conducts a three-way match between the PO, the GRN, and the Invoice to ensure all details align.

Purchase Order 52

Purchase Order Invoicing Budgeting Collections 52

Nanonets

APRIL 14, 2023

Do you know what the future of accounting looks like? ChatGPT is the technology that will revolutionize the accounting field, making it faster and more efficient than ever before. With ChatGPT, accountants can use computer-aided automation to streamline tasks and processes, leaving more time for analysis and insights.

Data Entry 52

Data Entry Financial Reporting Accounting Accounting 52

Accounting Tools

JUNE 19, 2023

Employee Due Diligence Checklist Types of Employees Obtain information about the number of employees in the various functional areas of the company, such as production, materials management, accounting, treasury, and so forth. Questionable Expenses Review certain expense accounts for questionable expenditures.

Financial Statements 73

Financial Statements Auditing Tax Accounts Payable 73

Accounting Tools

OCTOBER 13, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management Salaries expense is the fixed pay earned by employees. Recordation of Salaries Expense The amount recorded as a salary expense may vary depending on the basis of accounting used. The expense represents the cost of non-hourly labor for a business.

Payroll 40

Payroll Accruals Auditing Accounting 40

Accounting Tools

SEPTEMBER 11, 2023

Typical trend lines are for revenue , the gross margin , net profits , cash , accounts receivable , and debt. Proportion Analysis An array of ratios are available for discerning the relationship between the size of various accounts in the financial statements. The same as the current ratio, but does not include inventory.

Financial Statements 40

Financial Statements Financial Analysis Accounts Receivable Accounts Receivable 40

Jetpack Workflow

MARCH 21, 2023

While accounting software has significantly helped businesses manage bookkeeping tasks, not every business can afford the subscriptions, let alone the cost of training and retaining a bookkeeper to enter and maintain data in the software. In this article, we will help you identify whether spreadsheets are an ideal choice for you.

Bookkeeping 52

Bookkeeping Bank Reconciliation Reconciling Accounting Software 52

Future Firm

AUGUST 22, 2022

Looking for the best accounting practice management software for your firm? Good news, because this is the ULTIMATE accounting practice management software round-up post. Get to know the top accounting practice management software and why it is essential for your business. The Basics of Accounting Practice Management Software.

Accounting 105

Accounting Accounting QuickBooks Accounting Software 105

Accounting Tools

JULY 12, 2023

These transactions are clustered into the general categories of sales allowances, sales returns, and sales discounts, which are discussed below. The accounting for these transactions is to record them in a sales allowances, sales returns, or sales discounts account. The sales allowances account offsets and reduces gross sales.

Financial Statements 40

Financial Statements Accounts Receivable Accounts Receivable Account Receivables 40

NextProcess

MAY 28, 2023

Take Accounts Payable as an example. Business process automation (BPA) software/workflow for Accounts Payable (AP) works with an ERP to add and enhance functionality or configuration capabilities your company or organization may need. Our Accounts Payable software solution doesn’t replace the ERP. Each company is unique.

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

Nanonets

APRIL 5, 2023

In this article, we will explore the definition of intelligent process automation, its importance in modern businesses, the key technologies involved, benefits, challenges, use cases, and the future of IPA. Supply Chain and Logistics Intelligent process automation can supply chain efficiency and productivity while reducing operational costs.

Customer Service 98

Customer Service Account Reconciliation Invoice Processing Payroll 98

Cloud Accounting Podcast

APRIL 6, 2020

Interested in sponsoring the Cloud Accounting Podcast? POSTPONED - BQE Succeed - Encore at Wynn Las Vegas Need Accounting Conference Info? There's 100 million checks that need to go out, so it'll take them 20 weeks to cut all the checks. __ This episode of The Cloud Accounting Podcast is sponsored by ClockShark.

Payroll 40

Payroll QuickBooks Tax Bookkeeping 40

Cloud Accounting Podcast

AUGUST 25, 2020

Interested in sponsoring the Cloud Accounting Podcast? DIAL (202) 695-1040 Need Accounting Conference Info? Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser. For details, read the prospectus , and NOW, you can see our smiling faces on Instagram !

Accounting 40

Accounting Accounting QuickBooks Tax 40

Cloud Accounting Podcast

SEPTEMBER 15, 2020

CFO 07:41 – Auditors Struggle to Access Data, Count Inventory During Remote Work – Wall Street Journal 07:47 – 8 things to know about the audit evidence standard – AICPA 09:17 – DOJ: 57 Charged With Alleged PPP Fraud – PYMNTS.com 10:10 – More on Liar Loans – Wikipedia 11:52 – Quickie lender Kabbage doled out billions in PPP loans. .

Tax 40

Tax Payroll Financial Statements QuickBooks 40

Cloud Accounting Podcast

JUNE 23, 2020

Interested in sponsoring the Cloud Accounting Podcast? DIAL (202) 695-1040 Need Accounting Conference Info? Two frauds perpetrated by Steve Jobs copycats. __ This episode of The Cloud Accounting Podcast is sponsored by Synder. We appreciate you! You can now call us and leave a voicemail, maybe we'll play it on the show.

QuickBooks 40

QuickBooks Computation XERO Tax 40

Cloud Accounting Podcast

JUNE 16, 2020

25:13 – FreshBooks launches Accounting Professionals Program – Accounting Today 30:22 – Tax1099 Builds Integration with BQE Core to Streamline 1099 eFilings – Yahoo! 25:13 – FreshBooks launches Accounting Professionals Program – Accounting Today 30:22 – Tax1099 Builds Integration with BQE Core to Streamline 1099 eFilings – Yahoo!

QuickBooks 40

QuickBooks Bookkeeping XERO Payroll 40