Accounting Tools

JUNE 14, 2023

For example, the commission rate may be 2% of sales, but retroactively changes to 4% if the salesperson attains a certain quarterly sales goal. It is also possible that the manager of a sales region will earn a portion of the commissions of the salespeople working in that region.

Payroll 74

Payroll Accruals Collections Accounts Receivable 74

Accounting Tools

APRIL 6, 2024

The master budget is typically presented in either a monthly or quarterly format, and usually covers a company's entire fiscal year. The income statement and balance sheet will be in the normal format mandated by Generally Accepted Accounting Principles or International Financial Reporting Standards.

Budgeting 74

Budgeting Accounts Receivable Accounts Receivable Account Receivables 74

Accounting Tools

OCTOBER 20, 2023

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What are Headline Earnings? Headline earnings is a subset of the total profits reported by a business. When a business reports headline earnings, it is only including profits or losses generated by its operations and investment activities.

Financial Analysis 40

Financial Analysis Financial Statements Financial Reporting Accounting 40

Accounting Tools

JANUARY 24, 2024

Related AccountingTools Course Public Company Accounting & Finance Related Articles Form S-3 Quarterly Earnings Report Shelf Registrations Thus, the receipt of a deficiency letter will halt the stock registration process, and so can keep a business from raising capital, possibly for an extended period of time.

Accounting 40

Accounting Accounting 40

Accounting Tools

DECEMBER 12, 2023

XBRL is a contraction of the term eXtensible Business Reporting Language. XBRL uses tags to specifically identify various types of information within a financial report, which are then used by software to convert the data into an electronic spreadsheet for further analysis. What is XBRL?

Financial Reporting 40

Financial Reporting Accounting Accounting 40

Accounting Tools

NOVEMBER 1, 2023

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is an Earnings Call? An earnings call is a conference call between the senior managers of a public company and members of the investment community, to discuss the performance of the business. Related Articles Earnings Conference Calls

Financial Statements 40

Financial Statements Financial Reporting Accounting Accounting 40

Accounting Tools

SEPTEMBER 27, 2023

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is an Annual Report? The annual report is a publication issued to a company's shareholders , creditors , and regulatory organizations following the end of its fiscal year.

Auditing 40

Auditing Accounting Accounting 40

Accounting Tools

NOVEMBER 7, 2023

This report portrays the financial results of a business for a specific period of time, such as for a month, quarter, or year. If it is being reported by a publicly held company, the P&L also includes both basic and diluted earnings per share information.

Financial Statements 74

Financial Statements Accruals Tax Accounting Software 74

Accounting Tools

MAY 4, 2024

The first line within this block is the name of the reporting entity. The second line in the header block identifies the report as an income statement, so it says “Income Statement”. The third and final line in the header block is the reporting period covered by the income statement.

Financial Statements 52

Financial Statements Tax Expense Reports Payroll 52

Accounting Tools

JULY 31, 2023

Related Courses International Accounting Public Company Accounting & Finance What is a Directors’ Report? A directors' report is part of a publicly-held company’s annual report in the United Kingdom. The report includes a summarization of the company’s trading activities and a discussion of its future prospects.

Accounting 40

Accounting Accounting 40

Accounting Tools

SEPTEMBER 23, 2023

Profit after-tax is the earnings of a business after all income taxes have been deducted. If a company is publicly-held , it also reports profit after-tax on a per share basis. Example of Profit After-Tax ABC International reports $1 million of sales in its most recent quarter, along with $100,000 of before-tax profit.

Tax 40

Tax Financial Statements 40

Counto

MARCH 19, 2024

Filing your annual returns File with ACRA Within 1 month after your AGM Filing an annual return with ACRA involves submitting an electronic form containing crucial details such as company officers, financial reports, registered addresses, and auditors (if applicable). If no transactions occurred in a quarter, a nil return must still be filed.

Corporation Tax 52

Corporation Tax Financial Statements Tax Accounts Payable 52

Accounting Tools

NOVEMBER 4, 2023

The income statement is a financial report that shows an entity's financial results over a specific period of time. Also, if a company is publicly-held , basic and diluted earnings per share must be stated on the face of the income statement. Related Courses The Income Statement What is an Income Statement?

Financial Statements 40

Financial Statements Budgeting Financial Reporting Tax 40

Accounting Tools

JUNE 6, 2023

For example, a company issues a relatively weak quarterly earnings report. Based on the information in the report, investors feel that the stock price will not continue to rise, so they engage in profit taking to lock in their gains.

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Accounting Tools

SEPTEMBER 6, 2023

For example, a company could report to its investors that its sales in the latest quarter were $5,000,000, which translates into an annual run rate of $20,000,000. A third possible use is to extrapolate current results when a business first earns a profit , since only losses were incurred in prior periods.

Budgeting 75

Budgeting Financial Analysis Accounting Accounting 75

Cloud Accounting Podcast

MARCH 1, 2023

Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] (00:00) - China Tells State Firms to Drop Big Four (00:25) - Preview: "The IRS is broken" (01:09) - Blake and David recap the CPA Educators Conference (08:27) - Some quick listener feedback and Blake interviewed a guest earlier in the week (..)

CPA 40

CPA QuickBooks Tax Accounting 40

Accounting Tools

JULY 10, 2023

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is Earnings Guidance? Earnings guidance is information that a company makes to the investment community regarding expectations for its future earnings. Guidance is nearly always communicated as part of the quarterly earnings call.

Financial Statements 40

Financial Statements Accounting Accounting 40

Accounting Tools

JUNE 11, 2023

In the absence of a journal entry, the expense would not appear at all in the entity's financial statements in the period incurred, which would result in reported profits being too high in that period. Income taxes are accrued based on income earned. These actions result in the expense being recognized as early as possible.

Accruals 75

Accruals Accounts Payable Accounts Payable Invoicing 75

Accounting Tools

SEPTEMBER 10, 2023

In essence, it shows the proportion of each dollar of sales that is retained as earnings. Presentation of Profit Margin Profit margin is reported in an organization’s income statement. The gross margin (sales minus the cost of goods sold ) is reported just below the cost of goods sold line item.

Financial Analysis 40

Financial Analysis Tax Financial Statements Auditing 40

Accounting Tools

OCTOBER 8, 2023

Horizontal analysis is the comparison of historical financial information over a series of reporting periods. Horizontal analysis can be misused to report skewed findings. A third format is to include a vertical analysis of each year in the report, so that each year shows expenses as a percentage of the total revenue in that year.

Financial Statements 40

Financial Statements Financial Analysis Accounts Payable Accounts Payable 40

Nanonets

APRIL 15, 2024

Integrate Nanonets Reconcile financial statements in minutes Try for Free This article presents the importance of bank reconciliation statements and provides insights into the benefits of automation in the generation of bank reconciliation statements.  

Bank Reconciliation 52

Bank Reconciliation Deposits Reconciling Financial Records 52

Accounting Tools

SEPTEMBER 20, 2023

The balance sheet is a report that summarizes all of an entity's assets , liabilities , and equity as of a given point in time. Of the financial statements, the balance sheet is stated as of the end of the reporting period , while the income statement and statement of cash flows cover the entire reporting period. Treasury stock.

General Ledger 40

General Ledger Financial Statements Billing Accounts Payable 40

Accounting Tools

JUNE 19, 2023

Reporting Relationships Chart Obtain a chart that states the reporting relationships within the business. Be mindful of the information in this report when you are reviewing the income statement , for the target may report substantial profits even while burning through its cash reserves.

Financial Statements 73

Financial Statements Auditing Tax Accounts Payable 73

Cloud Accounting Podcast

JULY 7, 2020

I have become a regular listener and enjoy the consolidated reporting and analysis of the news and events in the accounting industry. They loosely talk about that in the article I saw. Whistleblowers reported to them, so there was oversight failure. David Leary: [00:05:04] All right, so this review was on Podchaser.

Tax 40

Tax Auditing Deposits Accounting 40

Accounting Tools

OCTOBER 27, 2023

If a company's external auditors locate these problems during an audit , they will require that the indicated items be written off , resulting in unexpected earnings reductions. Related Articles Account Reconciliation Larger accounts may be reviewed every month, while smaller accounts may only be reviewed once a quarter.

Accounting 40

Accounting Accounting Reconciling Account Reconciliation 40

Future Firm

AUGUST 22, 2022

Reporting When evaluating software for accountants, you might have certain real-time reporting requirements. Reporting is certainly the backbone of interacting with small business owners. These integration include time tracking, reporting, HR software and more. Again, the invoicing functionality is basic but functional.

Accounting 105

Accounting Accounting QuickBooks Accounting Software 105

Cloud Accounting Podcast

APRIL 28, 2019

Intuit reported a 5 percent increase in TurboTax units sold this tax season compared to last year, thanks to a 7 percent increase in TurboTax Online sales. It will be reporting its quarterly earnings on May 23. It costs 1% (max $10) per transaction. Next day is also available for credit cards, with no additional fee.

QuickBooks 40

QuickBooks Bookkeeping XERO CPA 40

Cloud Accounting Podcast

AUGUST 11, 2020

With the capabilities of crew tracking, scheduling, jobsite geofencing, teams, and project segmentation, automatic labor allocation, budgeting, and reporting, ClockShark has built a robust mobile time-tracking system to handle the unique challenges that face your clients. I found an article with some stats from a podcast interview in April.

QuickBooks 40

QuickBooks Microsoft Excel Billing Payroll 40

Nanonets

DECEMBER 15, 2023

This article shows why the N.E.A.T. For instance: Budget (out of 30 points) : Over $100,000 earns 30 points; $50,000 - $100,000 earns 15 points; below $50,000 earns 0 points. Need (out of 25 points) : Perfect match with your product earns 25 points; partial match 15 points; low match 5 points.

Budgeting 52

Budgeting QuickBooks Invoicing Collections 52

Nanonets

DECEMBER 12, 2023

An article titled "Maximizing ROI: How Investing in [Your Product] Saves Money in the Long Run" Authority: Develop a concise, persuasive presentation or one-pager that the lead can share with their higher-ups. This could include articles on industry trends showing the urgency of adopting solutions like yours.

Budgeting 52

Budgeting QuickBooks Invoicing Purchase Order 52

Nanonets

DECEMBER 12, 2023

An article titled "Maximizing ROI: How Investing in [Your Product] Saves Money in the Long Run" Authority: Develop a concise, persuasive presentation or one-pager that the lead can share with their higher-ups. This could include articles on industry trends showing the urgency of adopting solutions like yours.

Budgeting 52

Budgeting QuickBooks Invoicing Purchase Order 52

Nanonets

APRIL 3, 2024

For example, if I run a stock analysis and investment website, I can “feed” ChatGPT my past analyses and current stock data and then ask it to report on which measures of success best panned out. You can use ChatGPT to summarize news articles or even generate an end-of-day executive summary using multiple emailed newsletters.

Financial Analysis 52

Financial Analysis Financial Reporting Financial Statements Tax 52

Cloud Accounting Podcast

APRIL 3, 2020

Now, paying the rent can lead to earning those credit card points your clients love. Jirav connects your cloud-based accounting, payroll, CRM, and billing data together to automatically update shareable online dashboards, monthly reporting packages, and sophisticated financial plans, and budgets in real time.

Payroll 40

Payroll Bookkeeping Billing Reconciling 40

Cloud Accounting Podcast

MARCH 30, 2020

I saw another article with a- and we talked about this cell phone data. I mean, you can read the article and tell me what you think. What do they think? David Leary: [00:11:16] What caught my eye about this is because the billionaire that was quoted in the article. This is an article that was on Bloomberg.

Accounting 40

Accounting Accounting Payroll Billing 40

Cloud Accounting Podcast

JULY 20, 2020

8 – Conceptual Framework for Financial Reporting. Blake Oliver: [00:00:21] Most accountants are working harder and longer since the pandemic began, which is really interesting because I've seen other stats or articles saying that productivity is down. Blake Oliver: [00:04:03] I've got some stories on our favorite topic - PPP.

Accounting 40

Accounting Accounting Auditing QuickBooks 40

Cloud Accounting Podcast

JUNE 1, 2020

We do that by helping you understand where your business has been and, most importantly, predict where it's going. Jirav connects your cloud-based accounting, payroll, CRM, and billing data together to automatically update shareable online dashboards, monthly reporting packages, and sophisticated financial plans, and budgets in real time.

Tax 40

Tax Billing QuickBooks Payroll 40

Cloud Accounting Podcast

AUGUST 3, 2020

David Leary: [00:10:18] There was an article about more fraud in the in the disaster loan program, not PPP program. The thing to take away from this article for me - it was in The Washington Post - was they're indicating there's widespread fraud. The article also talks about how they were overwhelmed.

QuickBooks 40

QuickBooks XERO Bookkeeping Payroll 40