Accounting Tools

SEPTEMBER 8, 2023

Related Courses The Balance Sheet The Interpretation of Financial Statements What is a Common Size Balance Sheet? A company could benchmark its financial position against that of a best-in-class company by using common size balance sheets to compare the relative amounts of their assets, liabilities, and equity.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Financial Statements 40

Accounting Tools

JUNE 8, 2023

It is also useful when inventory was destroyed and you need to estimate the ending inventory balance for the purpose of filing a claim for insurance reimbursement. It is not sufficiently precise to be reliable for audited financial statements. Alternatively, conduct a physical inventory count at the end of each reporting period.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 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. Create no-code workflows in 15 minutes.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Future Firm

AUGUST 22, 2022

The Purpose of Accounting Practice Management Software. Financial Cents. Accounting Practice Management Software Basics Before jumping in, let’s look at what purpose accounting practice management software serves and some categories that I’ll be using to base this accounting solution roundup on. Jetpack Workflow.

Accounting 105

Accounting Accounting QuickBooks Accounting Software 105

Nanonets

MAY 6, 2024

Finally, the manual nature of these processes contributes to difficulties in retaining financial and accounting talent and attracting new employees, exacerbating staffing concerns within organizations.    BlackLine is a cloud-based financial automation platform designed to streamline and modernize accounting and finance processes.

Account Reconciliation 52

Account Reconciliation Accounting Accounting Auditing 52

Nanonets

APRIL 30, 2024

This article explores how AI technologies, specifically PDF data extractor AI solutions, are revolutionizing the way data is pulled from PDF documents, simplifying processes, and enhancing accuracy and efficiency. PDF documents can vary greatly in layout and structure, depending on their purpose and source.

Financial Statements 52

Financial Statements Invoicing Billing Data Entry 52

Nanonets

FEBRUARY 15, 2024

Documentation: Payment details are recorded in the Payment Voucher , and the transaction is entered into the financial system for reconciliation. Reconciliation and Record Keeping Process: The finance department periodically reconciles the payments made with the bank statements to ensure accuracy. CIO Sarah K.

Purchase Order 52

Purchase Order Invoicing Budgeting Collections 52

Cloud Accounting Podcast

SEPTEMBER 1, 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. I'm not gonna need a special — I'm not gonna need Adobe to do this. It defeats the purpose of the whole internet.

Payroll 40

Payroll Tax QuickBooks CPA 40

IMA's Count Me

JANUARY 23, 2022

I would also think IMA's and many of the listeners might not know this, but IMA was actually part of the founders of the digitization of financial and business reporting as a founding member. So, XPRL international. So our industry organization had been a thought leader in this topic for a long time.

Auditing 40

Auditing Collections Management Accounting Accounting 40

Cloud Accounting Podcast

JUNE 28, 2020

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. 6,000 a year is 500 bucks a month. Blake Oliver: [00:12:06] Yeah.

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40

Cloud Accounting Podcast

SEPTEMBER 15, 2020

– New York Times OpenAI’s new language generator GPT-3 is shockingly good—and completely mindless – MIT Technology Review 36:21 – GPT-3 bot that lets people with no accounting knowledge generate financial statements – Twitter 41:13 – The majority of workers use automation software at work—here's why – Zapier 48:12 – Time for REVIEWS!!!

Tax 40

Tax Payroll Financial Statements QuickBooks 40

Cloud Accounting Podcast

MAY 26, 2020

There was an article in The Wall Street Journal this week about how, on both sides of the aisle, senators are complaining that Jovita Carranza and the SBA leadership are not being responsive to their requests for information. David Leary: [00:09:01] We should get Jay a special shirt because Jay is. That's just backwards.

XERO 40

XERO Accounting Accounting QuickBooks 40

Cloud Accounting Podcast

JUNE 8, 2020

There's another article I saw, where the amount of deduction you can take for a disaster is capped at 10 percent of your income. David Leary: [00:12:41] You actually brought up a fact, like is any of this purposeful, these tax policies? This stuff was done very purposely, historically. Did you read the article?

Tax 40

Tax XERO Payroll QuickBooks 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. continue your article.

QuickBooks 40

QuickBooks XERO Bookkeeping Payroll 40

Nanonets

JULY 21, 2023

The accuracy and reliability of financial reporting are vital for organizations to make informed decisions and meet regulatory requirements. To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. What is reconciliation software?

General Ledger 52

General Ledger Account Reconciliation Reconciling Financial Reporting 52

Cloud Accounting Podcast

JUNE 16, 2020

Tons of articles related to all that mess. million. [00:09:45] Then, the interesting one is there's an article about Square that I found; why its stock is soaring and how it's threatening banks. 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

Cloud Accounting Podcast

JUNE 23, 2020

Sponsors Bill.com: [link] Synder: [link] Relay Financial: [link] Show Notes 06:22 – U.S. That is Cloud Accounting Podcast dot promo forward slash S-Y-N-D-E-R. __ This episode of The Cloud Accounting Podcast is sponsored by Relay Financial. Did you know that you could be using Synder to automatically do this for you?

QuickBooks 40

QuickBooks Computation XERO Tax 40

Cloud Accounting Podcast

APRIL 27, 2020

But there's nothing in the program to differentiate his company that's financially stable, and a company that is operating at 50-percent capacity, or anything. David learned a little bit about the financial close in the mid-market. Actually, there was a great article that I tweeted out. So, everybody be sure to check that out.

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. David Leary: [00:13:07] There's an article in Accounting Today; the U.S. Oracle is hosting the data in the U.S.,

QuickBooks 40

QuickBooks XERO Payroll Deposits 40