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. Income taxes.

Financial Accounting 75

Financial Accounting General Ledger Accounting Accounting 75

Accounting Tools

JULY 31, 2023

Fraudulent Capitalization Capitalization can be used as a tool to commit financial statement reporting fraud. This practice can be spotted by comparing cash flows to net income; cash flows should be substantially lower than net income. Capitalization is also based on the concept of materiality.

Record Keeping 75

Record Keeping Financial Statements Computation Budgeting 75

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. Operating cash flows are generally associated with revenues and expenses. These classifications are noted below.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Financial Statements 40

Accounting Tools

APRIL 30, 2023

Related Courses The Interpretation of Financial Statements The Statement of Cash Flows What is Cash Flow from Financing Activities? The cash flows from financing activities are those cash inflows and outflows resulting in alterations to the amount of a firm’s contributed equity and borrowings.

Financial Statements 40

Financial Statements Collections Accounts Receivable Accounts Receivable 40

Accounting Tools

OCTOBER 19, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Proprietary Ratio? It should be used in conjunction with the net profit ratio and an examination of the statement of cash flows to gain a better overview of the financial circumstances of a business.

Financial Statements 40

Financial Statements 40

Analytix Finance & Accounting

AUGUST 24, 2023

This article explores several financial models you might use within your business and for clients, as well as how CFO support services can help your business grow. Discounted Cash Flow Model The discounted cash flow (DCF) model estimates an investment’s value and uses the “time value of money” concept.

Accounting 52

Accounting Accounting 52

Counto

JANUARY 10, 2024

XBRL Filing for Companies in Singapore In Singapore, companies are required to file their financial statements in XBRL (eXtensible Business Reporting Language) format with the Accounting and Corporate Regulatory Authority (ACRA). Who Needs to File Financial Statements in XBRL Format?

Financial Statements 52

Financial Statements Microsoft Excel Financial Reporting Data Entry 52

Outsourced Bookeeping

OCTOBER 26, 2023

This article will examine 8 useful bookkeeping stratergies that every owner of a small business ought to be aware of. The second reason is that it prevents the business from having a consistent flow of cash that enables continuity of business and investment. Nevertheless, the work does not have to be hard.

Bookkeeping 52

Bookkeeping Outsourced Bookkeeping Small Business Bookkeeping Data Entry 52

Accounting Tools

JUNE 7, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Accelerated Depreciation? Accelerated depreciation is the depreciation of fixed assets at a faster rate early in their useful lives. The result is that a company pays more income taxes in later years. The two main methods of accelerated depreciation are described next.

Financial Analysis 75

Financial Analysis Record Keeping Tax Auditing 75

Nanonets

MAY 22, 2023

In this article, we will walk through the necessary steps to set up effective financial controls at a startup and how automation and technology can help. Financial controls are the procedures, policies, and means by which an organization monitors and manages its revenues, costs, budgets, cash flow, and other financial aspects.

Budgeting 98

Budgeting Invoicing Auditing Financial Operations 98

Nanonets

NOVEMBER 19, 2023

It paves the way for flawless financial records, better cash flow, and smooth business operations. This article will guide you through the fundamental aspects of invoice settlement and provide practical tips to help you settle an invoice properly. Settlement of invoices isn’t simply about paying off a bill.

Invoicing 52

Invoicing Financial Records Accounts Receivable Accounts Receivable 52

Jetpack Workflow

FEBRUARY 16, 2023

This article will walk you through the essential elements of an accounting policy and procedure manual and provide a template to help you create one for your firm. This article will walk you through the essential elements of an accounting policy and procedure manual and provide a template to help you create one for your firm.

General Ledger 52

General Ledger Accounting Accounting Budgeting 52

Jetpack Workflow

OCTOBER 30, 2023

This article offers a thorough onboarding checklist to keep you ahead of the game and get you everything you need to begin working with your client. This step also includes accessing the most recent account reconciliations to get a better overview of the financial health of the company.

Accounting 52

Accounting Accounting Accounting Software Invoicing 52

Nanonets

JUNE 19, 2023

This article covers why accounts payable audits are important to maintain financial health and the steps in an AP audit process. To ensure accuracy in financial statements, auditors conduct accounts payable audit procedures. Accounts payable audits play a crucial role in the financial health of businesses. What is an AP Audit?

Accounts Payable 52

Accounts Payable Accounts Payable Auditing AP 52

Billah and Associates

FEBRUARY 10, 2021

It provides a complete overview of how your finances stand at a particular date. It provides a complete overview of how your finances stand at a particular date. In this article, we will focus on why hiring professional accounting services is crucial for your business.

Auditing 40

Auditing Accounting Accounting Bookkeeping 40

Accounting Tools

FEBRUARY 25, 2024

They provide this insight by comparing different elements of an organization's financial statements. This situation can arise when a business has just received a large payment from a customer, but has such a poor sales backlog that it will not be able to continue generating positive cash flow over the long term.

Financial Statements 74

Financial Statements Billing Budgeting Collections 74

Future Firm

AUGUST 22, 2022

In no particular order, check out the 17 best accounting practice management software products on the market. Table of Contents. The Basics of Accounting Practice Management Software. The Purpose of Accounting Practice Management Software. Benefits of Practice Management Software. Important Categories to Evaluate. Xero Practice Manager.

Accounting 105

Accounting Accounting QuickBooks Accounting Software 105

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

Nanonets

APRIL 3, 2024

An Overview Large language models (LLMs) generally, and ChatGPT in particular, use deep wellsprings of training data, content, and information to feed responses to user-generated input. What is ChatGPT? One of ChatGPT’s particularly unique use cases is through proprietary or otherwise unique training data.

Financial Analysis 52

Financial Analysis Financial Reporting Financial Statements Tax 52