Fit Small Business

FEBRUARY 26, 2025

The post Cash Disbursement Journal: Definition & Sample Entries appeared first on Fit Small Business. Instead of posting each payment separately, it summarizes all disbursements at the end of the accounting period and records them as a single compound entry in the GJ. This process streamlines bookkeeping, reduces redundancy, and.

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Bookkeeping Accounting Accounting 52

FinOps Foundation

JANUARY 24, 2024

Key Insight: The FinOps Foundation’s Technical Advisory Council has approved an updated definition of FinOps. The changes start with an update to the definition of FinOps itself. The definition in the first FinOps certification course ran 133 words and took up an entire slide. Every organization practices FinOps in a unique way.

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Cloud FinOps FinOps FinOps Computation 130

Accounting Today

DECEMBER 11, 2023

Not everyone agrees on a single definition, so Accounting Today asked a number of experts to share their idea of what, exactly, artificial intelligence is.

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Accounting Accounting 204

Xero

JULY 25, 2022

The post A New Zealand Xero Awards winner shares why entering is definitely worth it appeared first on Xero Blog. It includes $5,000 towards a team celebration, a $5,000 marketing boost program from Bizink and more. . To make sure you’re in it to win it, submit your nomination by 8 August 2022.

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XERO Bookkeeping Account Bookkeeping Accounting 264

FinOps Foundation

JANUARY 24, 2024

The first approved change for 2024 is an update to the definition of Cloud FinOps. TAC Vote This updated definition was approved in a TAC vote on December 12, 2023. The new definition is similar, but has several key differences that reflect the direction the FinOps community is heading.

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Cloud FinOps FinOps FinOps Billing 130

Accounting Today

OCTOBER 6, 2023

The IRS has recently unveiled proposed regulations that shine a light on the murky world of digital asset broker definitions, the intricacies of the new Form 1099-DA, and its implementation timeline.

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Tax Accounting Accounting 200

Intuit

JANUARY 4, 2024

Elise Houlik, Chief Privacy Officer Privacy professionals will need to rapidly upskill for the AI era As personal data becomes more valuable, and AI further permeates nearly every sector across the globe, the definition of today’s privacy professional and the skill sets required will need to rapidly evolve.

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Fit Small Business

MARCH 14, 2025

Definition, How It Works & Benefits appeared first on Fit Small Business. The best preparation for uncertainty is taking the initiative to develop a clear disaster recovery plan. Disaster recovery involves crucial steps, starting with prevention and mitigation, to fully restore data and operations. The post What Is Disaster Recovery?

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Accounting Today

DECEMBER 31, 2024

The tax-efficient, low-cost funds may have an even greater advantage over traditional mutual funds due to the IRS's lack of a definition for "substantially identical" securities.

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Tax 162

Fit Small Business

MARCH 17, 2025

There is no definitive way or mathematical model to solve how to calculate the useful life of an asset?, as the calculation varies depending on whether you follow IRS tax regulations or GAAP guidelines. As such, I’ll go over how to determine the useful life of an asset for two purposes: tax depreciation and financial.

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Tax Accounting Accounting 83

Intuit

MAY 9, 2024

I think this is the most authentic that I’ve been at work, and definitely the most supported. So I do think that there’s definitely an intersection. So definitely do your research. I think I’ve had a very linear progression from program management, into tech, but it has been very purposeful.

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Computation QuickBooks 290

Gaviti

NOVEMBER 18, 2024

But many don’t consider it a problem until the receivables are “very” late (a different definition at every company, but usually an invoice reaches this definition at around 60 days). Ignoring Invoices Until They Are Very Late (DSO) The vast majority of accounting teams experience payment delinquencies.

Microsoft Excel 98

Microsoft Excel Account Receivables Accounts Receivable Accounts Receivable 98

Xero

JULY 18, 2022

Justina Gardiner of Perks , our 2019 Accounting Partner of the Year, shares, “Hearing from the Xero team and witnessing the company’s culture was definitely the highlight of the awards experience; it was a fantastic insight into Xero.”

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XERO Bookkeeping Financial Services Accounting 277

Xero

JULY 11, 2022

Eli and Sam added that there’s definitely an intimidation factor when it comes to adopting AI for small business owners. In many cases, all that’s needed is a relatively simple predictive algorithm that might come built into a software product they already use.

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XERO Accounting Accounting Bookkeeping 328

Xero

OCTOBER 3, 2023

I would definitely appreciate more expert advice and guidance that’s tailored to my size and type of business.” “We already have to wear many different hats as small business owners, so it is difficult to add too many tools, as each one of them has a learning curve before we become an expert.

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XERO Accounting Accounting 279

FinOps Foundation

JANUARY 24, 2024

The changes start with an update to the definition of FinOps itself. Evolving the FinOps definition as the industry advances Over the last five years FinOps has been described as an operating model, a discipline, a practice (or all three!). If this sounds familiar to definitions you’ve heard before, it should be.

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FinOps FinOps Cloud FinOps Computation 130

FinOps Foundation

JANUARY 24, 2024

The changes start with an update to the definition of FinOps itself. Evolving the FinOps definition as the industry advances Over the last five years FinOps has been described as an operating model, a discipline, a practice (or all three!). If this sounds familiar to definitions you’ve heard before, it should be.

FinOps 130

FinOps FinOps Cloud FinOps Computation 130

Accounting Tools

JANUARY 26, 2025

What is a Big Bath? A big bath is a very large one-time write-off taken by a company. This write-off is structured as a reserve , so that charges taken in the future can be offset against the reserve. The intent behind the use of a big bath is to take a large hit to earnings in the current period, so that future periods will look more profitable.

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Financial Statements Account Receivables Accounts Receivable Accounts Receivable 75

Intuit

FEBRUARY 28, 2025

Lets start with a definition: confident does not mean being overbearing, pushing your opinion on the team, refusing to change your mind, or staying the course too long. But the best PMs Ive worked with have a key set of skills that make them both a pleasure to work with and really good at their jobs. What makes a great PM? Confidence.

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QuickBooks Accounting Accounting 130

Intuit

MAY 28, 2024

Definitely. That’s another thing that’s so great about Intuit: Everyone has their own area of expertise they bring to the table, and we’re all happy to share with each other! You don’t need any tax experience to enroll in the Intuit Academy program. Now, did my experience as a bookkeeper make it easier to learn the tax side?

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Tax Bookkeeping Accounting Accounting 299

Accounting Tools

NOVEMBER 1, 2024

This situation is especially common for a start-up business, where extra expenditures are needed to create products and engage in heavy marketing to establish a presence in the marketplace.

Budgeting 40

Budgeting 40

Blake Oliver

MAY 19, 2025

I might feel financially secure now, but would definitely feel more successful with a million-dollar income. We break down the numbers in this clip from The Accounting Podcast: About half of Americans believe six figures is the threshold for financial success. But what does "financial success" even mean?

Accounting 52

Accounting Accounting 52

Xero

AUGUST 22, 2022

The wrap party is what everyone talks about – it’s definitely something to look forward to.” Michelle Westle of Penrose Professional Bookkeeping Services in Albany says, “We rarely get these kinds of big events here on the West Coast, so I’m excited to see how Xerocon comes together.

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XERO Bookkeeping Bookkeeping Services Accounting 264

Accounting Tools

JANUARY 25, 2025

What is Management by Exception? Management by exception is the practice of examining the financial and operational results of a business, and only bringing issues to the attention of management if results represent substantial differences from the budgeted or expected amount.

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Budgeting Auditing Budgeting Manager Accounting 75

Accounting Tools

JULY 17, 2024

Property held by a lessee under an operating lease may be investment property if it otherwise meets the definition of investment property and the lessee recognizes it under the fair value model.

Accounting 75

Accounting Accounting 75

Xero

APRIL 9, 2024

One reason for this result is down to a key characteristic of the small businesses in the XSBI data set – by definition they all use at least some form of technology (like Xero) to help run their business, and they have an accountant or bookkeeper too.

XERO 264

XERO Bookkeeping Accounting Accounting 264

Xero

OCTOBER 10, 2023

Gather all the evidence across the team, figure out what message you want to give, and then you have to write it in a way that fits [the word limit] – definitely don’t try and do it in an afternoon!” Pam emphasised the importance of allowing a couple of weeks, from start to finish, to invest in the awards application.

XERO 264

XERO Bookkeeping Account Bookkeeping Accounting 264

Xero

MARCH 2, 2023

Throughout her 13 years as a founder and CEO, Jeannie has built – by her own definition – a lifestyle practice in Cloud 9 Strategic. “I love my job because it lets me dance, travel and do all the things that set my soul on fire.” She explains, “Being time-rich is really important to me.

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Bookkeeping XERO 264

Insightful Accountant

MAY 9, 2023

Murph travels back to a series he wrote on measuring manufacturing performance by providing a list of manufacturing KPIs and the related links to the articles with definitions and uses.

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Xero

NOVEMBER 11, 2022

Gather all the evidence across the team, figure out what message you want to give, and then you have to write it in a way that fits [the word limit] – definitely don’t try and do it in an afternoon!”. Pam emphasised the importance of allowing a couple of weeks, from start to finish, to invest in the awards application. .

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XERO Bookkeeping Account Bookkeeping Accounting 246

Intuit

DECEMBER 12, 2023

Between amazing health benefits (including coverage for reproductive & mental health needs), caring, people-focused leadership, and ample development opportunities, support has never been a question, but a definitive fact.” – Caroline McHugh, Senior Sales Product Specialist “We are one at Intuit.

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Accounting Accounting 321

Xero

AUGUST 22, 2022

We got through it smoothly, but this is definitely something to be aware of.” . As for surprises during the process, Alexa describes the level of detail required from HMRC when signing into the agent services account. This required a lot more information than we expected. Looking forward.

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XERO Accounting Accounting Tax 246

Intuit

MARCH 21, 2023

I’m definitely the hands.” He credits his wife, a CPA and director of tax at a large corporation, with helping the business succeed. Using Intuit QuickBooks , she helps him stay organized and handles the financials and taxes. She’s pretty much the brains behind it,” he says.

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CPA QuickBooks Tax 245

The Successful Bookkeeper

APRIL 10, 2025

Many bookkeepers start their businesses by following others definitions of success. They take on too much, prioritize clients over their own systems, and eventually feel overwhelmed. The key to long-term success isnt just hard workits about having the right systems and boundaries in place.

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Bookkeeping 98

Billing Platform

FEBRUARY 17, 2025

Deferred Revenue While both terms involve timing differences between revenue recognition and cash flow, they are opposites: Deferred Revenue (Unearned Revenue): Definition : Cash is received upfront for goods or services yet to be delivered. Accrued Revenue: Definition : Revenue is earned but not yet billed or collected.

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Accruals Account Receivables Accounts Receivable Accounts Receivable 92

Xero

APRIL 4, 2023

More change is definitely coming, and the AI techniques hitting prime time today could have broad implications for the type and manner of work conducted by small businesses in the near future. That is why it’s vital to understand its uses and limitations now, to set your business up for success.

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XERO Customer Service 290

FinOps Foundation

MARCH 21, 2024

The 2024 revisions include updates to the definition of FinOps, changes to simplify the Framework organization, improvements to the Domain and Capability names, and an augmented set of Personas and Capabilities that are central to modern FinOps practices. Download poster.)

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FinOps FinOps 130