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

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

Less Accounting

JUNE 20, 2023

In this article, we will explore the benefits of using a chart of accounts template for your ecommerce business, factors to consider when choosing a template, and how to customize and maintain your chart of accounts. Depending on your industry, there may be specific accounts or categories that are necessary for accurate financial reporting.

Financial Reporting 52

Financial Reporting Accounting Accounting Accounting Software 52

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

Nanonets

NOVEMBER 14, 2023

In this article, we shall look at how E-Procurement works and discuss its benefits.   Unlike E-Commerce, E-Procurement operates within a closed system accessible only to registered users, typically managed by a chief procurement officer or department. Provides a centralized platform for managing bids from various suppliers.

Purchase Order 52

Purchase Order Vendor Management Invoicing Collections 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. Full costing is used to determine the complete and entire cost of something.

Financial Reporting 40

Financial Reporting Cost Accounting Financial Statements Collections 40

Nanonets

DECEMBER 19, 2023

  💡 According Gartner: “ Sourcing and procurement leadership must invest in supplier risk management, digitalization, future of work and post pandemic recovery. They enable your company to keep track of vendors and ensure best practices in global supplier management. 

Purchase Order 52

Purchase Order Data Entry AP Budgeting 52

Nanonets

FEBRUARY 15, 2024

Procurement is a pivotal function for any business upon which the pillars of efficiency, cost management, and strategic sourcing rest. Procurement is a strategic business function handling the sourcing, acquisition, and management of the resources needed for organizational operations. Let’s demystify these. What is Procurement?

Purchase Order 52

Purchase Order Invoicing Budgeting Collections 52

Spenmo

NOVEMBER 8, 2022

In this article, we break down the know-how. These include items such as your cash, inventory, supplies, accounts receivable, buildings, machinery, and prepaid expenses. Depending on the complexity of your business nature, you may need a more detailed asset category. 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. Image recognition can help automate invoice processing or expense management and automate the entire process of syncing data with an ERP. What is image recognition?

Collections 52

Collections Invoice Processing Computation Invoicing 52

Accounting Tools

AUGUST 31, 2023

Related Courses The Statement of Cash Flows Working Capital Management What is Cash Flow? The bulk of all cash flows will likely be reported within this category. Management can also pour money back into the business, as long as the resulting returns are greater than the firm’s cost of capital.

Accruals 75

Accruals Financial Statements Accounts Payable Accounts Payable 75

Nanonets

JUNE 17, 2023

This article will provide an in-depth understanding of account reconciliation, its benefits, and how businesses can leverage technology to automate the process. ​​Common account reconciliation discrepancies can usually be classified into three main categories: timing differences, missing transactions, and transaction errors.

Account Reconciliation 52

Account Reconciliation General Ledger Accounting Accounting 52

Nanonets

APRIL 14, 2023

In this article, we'll look at how you can use ChatGPT in accounting to help simplify tedious tasks, generate financial projections quickly, create accurate audit reports, assist with invoice processing and expenses, and manage client communications effectively. on Capterra and G2. Try Nanonets today.

Data Entry 52

Data Entry Financial Reporting Accounting Accounting 52

Accounting Tools

JUNE 19, 2023

The team should peruse these documents and compare them to the company’s actual performance and activities, to see if the management team is capable of implementing its own plans. If it involves a large number of disparate subsidiaries that deal with many products and services, it may be too difficult for the acquirer to manage the operation.

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. If a salary expense is related to production activities, it may be rolled into a production overhead account and then allocated to the cost of goods sold or inventory.

Payroll 40

Payroll Accruals Auditing Accounting 40

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

SEPTEMBER 11, 2023

Management The company controller prepares an ongoing analysis of the company's financial results, particularly in relation to a number of operational metrics that are not seen by outside entities (such as the cost per delivery, cost per distribution channel , profit by product, and so forth). Inventory turnover ratio. Quick ratio.

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

NextProcess

MAY 28, 2023

ERPs are great for providing a big-picture way of integrating and managing business process workflow from a central hub. They help your company keep track of employees, distribution, inventory, financial processes, customers, and more. One area that ERPs aren’t well suited for is managing individual business processes.

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

Accounting Tools

JULY 12, 2023

This level of detailed reporting may be employed for internally-generated financial statements, so that managers can take action to address any excessive discounts from gross sales. These transactions are clustered into the general categories of sales allowances, sales returns, and sales discounts, which are discussed below.

Financial Statements 40

Financial Statements Accounts Receivable Accounts Receivable Account Receivables 40

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. IPA requires specialized skills and expertise to implement and manage effectively.

Customer Service 98

Customer Service Account Reconciliation Invoice Processing Payroll 98

Cloud Accounting Podcast

APRIL 6, 2020

If you have clients that are architects, engineers, consultants, or lawyers, Core is the app for them to best manage their firm, increase their staff productivity, and ultimately increase their profits. Core is an all-in-one app for project management, including time and expense tracking, budgets, forecasting, client billing, and accounting.

Payroll 40

Payroll QuickBooks Tax Bookkeeping 40

Cloud Accounting Podcast

AUGUST 25, 2020

I'm quoting the article, here. "To Blake Oliver: [00:11:06] Okay. David Leary: [00:11:06] This is the article on Crowdfund Insider. There's nothing in this article. It was an article that appeared in Financial Management Magazine about how to automate bank reconciliations with Excel Power Query.

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

With Relay, you can effortlessly collaborate with team members, manage payments, and issue corporate cards all from a bank. Accountants and bookkeepers love Relay because they get a partner portal, can manage staff access without compromising security, and enjoy enriched direct bank feeds to QuickBooks Online, and Xero.

QuickBooks 40

QuickBooks Computation XERO Tax 40

Cloud Accounting Podcast

JUNE 16, 2020

Their award-winning multi-client payroll-management and analytics platform is a remarkably effective tool for adding value to every client engagement. Tons of articles related to all that mess. Couple of interesting points in this article. I'll just read this verbatim from the article here. This article was in Forbes.

QuickBooks 40

QuickBooks Bookkeeping XERO Payroll 40