Accounting Department

FEBRUARY 23, 2024

We are thrilled to announce that Episode 13 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Accounting 211

Accounting Department

SEPTEMBER 15, 2023

We're thrilled to announce that Episode 1 of our NEW podcast, Beyond the Books , is now live and ready for your listening pleasure. Exciting news!

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Accounting Department

MARCH 8, 2024

We are thrilled to announce that Episode 14 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Department

JANUARY 26, 2024

We are thrilled to announce that Episode 11 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Accounting 218

Accounting Department

DECEMBER 15, 2023

We are thrilled to announce that Episode 8 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Tools

APRIL 16, 2024

What is Cook the Books? To cook the books involves using accounting trickery to enhance an organization’s financial results. Several ways to cook the books are noted below. This can involve either artificially inflating sales or reducing expenses. This practice is easily detected by auditors , by examining transaction dates.

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Auditing Invoicing Accounting Accounting 74

Accounting Department

SEPTEMBER 29, 2023

We are thrilled to announce that Episode 2 of our NEW podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Department

NOVEMBER 3, 2023

We are thrilled to announce that Episode 5 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Department

JANUARY 12, 2024

We are thrilled to announce that Episode 10 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Nanonets

APRIL 12, 2024

Bank Reconciliation Vs. Book Reconciliation In accounting and financial management, we encounter the terms "Book Reconciliation" and " Bank Reconciliation " These terms are often used interchangeably, leading to ambiguity regarding their meanings. What Is Book Reconciliation? What Is Bank Reconciliation?

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Bank Reconciliation General Ledger Reconciling Deposits 52

Accounting Department

NOVEMBER 17, 2023

We are thrilled to announce that Episode 6 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Department

DECEMBER 1, 2023

We are thrilled to announce that Episode 7 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Today

NOVEMBER 9, 2023

Whether it is maintaining secure databases for client information or keeping employees safe from phishing attacks, cybersecurity should be a top priority.

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Accounting Accounting 246

Accounting Tools

MARCH 28, 2024

What is Balance per Books? Balance per books is the ending balance of an account that appears in the general ledger. The concept is commonly used in regard to the ending cash balance, which is then compared to the cash balance in the monthly bank statement as part of a bank reconciliation.

Bank Reconciliation 40

Bank Reconciliation General Ledger Deposits Auditing 40

Accounting Tools

JULY 24, 2023

Related Courses Fraud Schemes Fraud Examination Guidebook How to Audit for Fraud What is Off the Books? Off the books refers to any cash payment or receipt that is not recorded in a firm’s accounting records. This is typically done in order to avoid paying income taxes on cash receipts or use taxes or payroll taxes on payments made.

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Payroll Auditing Tax Accounting 75

Less Accounting

MARCH 26, 2024

The practice of keeping clean books for a small business not only streamlines operations but also fortifies a company’s standing with investors, creditors, and regulatory bodies. Moreover, the importance of clean books extends beyond internal decision-making. Tax filings, for example, require precise financial information.

Financial Records 59

Financial Records Bookkeeping Data Entry Record Keeping 59

Accounting Tools

APRIL 4, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Petty Cash Book? The petty cash book is a recordation of petty cash expenditures, sorted by date. In most cases, the petty cash book is an actual ledger book, rather than a computer record.

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Petty cash General Ledger Record Keeping Computation 75

Accounting Tools

APRIL 25, 2024

What is the Book Value of Equity? Book value is the amount that investors would theoretically receive if all company liabilities were subtracted from all company assets ; this leaves a residual amount available for distribution to investors. The book value of equity concept is rarely used as a measurement within a business.

Computation 40

Computation Financial Statements Accounting Accounting 40

Accounting Tools

DECEMBER 20, 2023

What is Book Value? Book value is an asset's original cost , less any accumulated depreciation and impairment charges that have been subsequently incurred. The book values of assets are routinely compared to market values as part of various financial analyses.

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Accounting Department

OCTOBER 13, 2023

In this episode, join Kevin, Alicia, and Sarah as they discuss the setup and execution of various fantasy sports leagues throughout the year.

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Accounting Tools

MARCH 30, 2023

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is the Book Value of Debt? The book value of debt is comprised of the following line items on an entity’s balance sheet : Notes payable. Found in the current liabilities section of the balance sheet.

Financial Analysis 75

Financial Analysis Financial Statements Accounts Payable Accounts Payable 75

Accounting Tools

NOVEMBER 5, 2023

Related Courses Bank Reconciliation Essentials Bookkeeping Guidebook How to Audit Cash What is a Book Balance? A book balance is the account balance in a company's accounting records. If so, and the bank spots the error, the company must adjust its book balance to correct the error.

Bank Reconciliation 40

Bank Reconciliation Deposits Reconciling Bookkeeping 40

Accounting Tools

AUGUST 25, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Optimal Accounting for Cash What is a Cash Book? A cash book is a subsidiary ledger in which are stored all cash receipt and cash payment transactions. The information in the cash book is periodically aggregated and posted to the general ledger.

General Ledger 40

General Ledger Bank Reconciliation Bookkeeping Accounting 40

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Book Depreciation? Book depreciation is the amount of depreciation expense calculated for fixed assets that is recorded in an entity's financial statements.

Financial Statements 40

Financial Statements Tax Auditing Accounting 40

Accounting Tools

NOVEMBER 6, 2023

Related Courses Revenue Management Revenue Recognition What is a Nested Booking Limit? A nested booking limit is a booking rule that allows full-priced reservations to intrude upon the capacity block that had been set aside for reservations at a lower price. Related Articles Booking Limit Reference Price

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Nanonets

FEBRUARY 19, 2024

In this blog, we will explore the essential task of filling out receipt books, a foundational element of financial record-keeping for both small and large businesses. Documenting transactions in receipt books ensures accuracy in financial management, compliance with tax regulations, and the ability to resolve discrepancies with ease.

Record Keeping 52

Record Keeping Financial Records Tax General Ledger 52

Accounting Tools

JULY 14, 2023

Related Courses Revenue Management What is the Booking Limit? The booking limit is a restriction on the maximum amount of inventory that can be sold at a certain price. Once all 50 seats have been booked, the booking limit has been reached for that block of seats and no further tickets will be sold at the $200 price.

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Accounting Department

JANUARY 26, 2023

From a business owner's standpoint, the thought of handing off an entire area of your business for someone else to take care of may seem a bit nerve-wracking.

Outsourced Bookkeeping 214

Outsourced Bookkeeping Bookkeeping Virtual Bookkeeping Bookkeeping Services 214

Accounting Tools

SEPTEMBER 22, 2023

Related Courses How to Audit Procurement Purchasing Guidebook What is a Purchases Day Book? A purchases day book is an accounting ledger in which purchasing transactions are recorded. This book is most commonly found in manual accounting systems , where purchases are recorded by hand in a ledger.

General Ledger 40

General Ledger Record Keeping Invoicing Auditing 40

Accounting Tools

APRIL 22, 2023

Related Courses Fair Value Accounting What is Book Value? The book value of an asset is its original purchase cost, adjusted for any subsequent changes, such as for impairment or depreciation. Prior to a sale transaction , there is no reason to account for any differences in value between book value and market value.

Financial Reporting 75

Financial Reporting Accounting Accounting 75

Accounting Tools

JUNE 10, 2023

Related Courses Auditing State and Local Governments Governmental Accounting The Green Book Explained The Yellow Book Explained What is the Yellow Book? The Yellow Book contains the complete set of Generally Accepted Government Auditing Standards. Users of the Yellow Book are primarily CPAs and government auditors.

Auditing 40

Auditing Accounting Accounting 40

Billing Platform

FEBRUARY 20, 2024

Although many of the terms are self-explanatory, others such as bookings vs billings vs revenue are frequently misunderstood and used interchangeably. Cutting Through Financial Jargon What exactly are bookings vs billings vs revenue? Let’s start with the definition of each.

Billing 52

Billing Accruals Invoicing Reconciling 52

Accounting Tools

OCTOBER 25, 2023

Related Courses Form 1099 Compliance Payroll Management What is Working Off the Books? The concept of working off the books means that a person is being compensated in cash for services performed, but the payments are not recorded on the books of the employing business. Unemployment income.

Payroll 40

Payroll Tax 40

Accounting Tools

APRIL 10, 2023

Related Courses Accounting for Inventory How to Audit Inventory What is Book Inventory? Book inventory is the cost of inventory on hand, as stated in an organization's accounting records.

Auditing 40

Auditing Accounting Accounting 40

Accounting Tools

APRIL 14, 2023

Related Courses Public Company Accounting and Finance What is Book Building? Book building is the set of activities that an underwriter engages in to determine the price point for an initial public offering. The underwriter builds its book of business by itemizing the information submitted by the investors.

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Accounting Accounting 40