Fri.Jul 05, 2024

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Practice Profile: A hand up for young accountants

Accounting Today

Huselton, Morgan and Maultsby's Student Leadership Program aims to steer more students into accounting — and prepare them for other decisions down the line.

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Financial statements definition

Accounting Tools

What are Financial Statements? Financial statements are a collection of summary-level reports about an organization's financial results, financial position , and cash flows. They include the income statement, balance sheet, and statement of cash flows. Advantages of Financial Statements Financial statements are useful for the following reasons: To determine the ability of a business to generate cash, and the sources and uses of that cash.

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Ask what you can do for your profession

Accounting Today

Whether there will be a next generation of accountants is, in many ways, up to all of us.

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Amazon DynamoDB Pricing and Benefits: A Deep Dive

Economize

Introduction Building large-scale applications requires a solid data management strategy and a database that can handle large amounts of data with consistent, low-latency performance. High-traffic applications like e-commerce platforms, gaming backends, and social media networks need a database solution that can efficiently manage millions of requests per second without sacrificing speed or reliability.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Tech News: Avalara announces 49 new integrations

Accounting Today

Plus, io.finnet launches virtual signer feature for enhanced digital asset operations; Caseware to hold webcast on AI audits; and other accounting tech news.

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Top Remote Accounting Candidates for Hire | July 5, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accounting candidates with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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How To Get Bookkeeping Clients Quickly: 19 Tips To Use In 2024

Future Firm

Discover how to get more bookkeeping clients fast with our comprehensive guide. Learn effective tips to quickly find and grow your business. The post How To Get Bookkeeping Clients Quickly: 19 Tips To Use In 2024 appeared first on Future Firm.

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Estate planning for divorcing couples

Accounting Today

When your clients are divorcing, you need to figure out two things: Which one is your client, and who is their attorney?

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Leaked conversation between Rachel Reeves and Jim Harra

Accounting Fun

Ahead of the 2024 General Election, The then Shadow Chancellor, Rachel Reeves met with the Head of HMRC, Jim Harra. "You will understand" said Rachel "that we are under pressure to simply our complex tax system. What can we do?’ "I can help you there" said Jim. "I recommend you legislate one simple new tax law". "It should make clear that from now on everyone, especially the bankers, accountants, lawyers and tax avoiders must stop focusing on the precise wording of tax laws".

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Owners capital account definition

Accounting Tools

What is the Owners Capital Account? An owners capital account is the equity account listed in the balance sheet of a business. It represents the net ownership interests of investors in a business. This account contains the investment of the owners in the business and the net income earned by it, which is reduced by any draws paid out to the owners. The information in the owners capital account will only be completely current through the end of the preceding fiscal year.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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Voided Transactions: How They Work & Examples

Billing Platform

Voided transactions occur across virtually all industries. However, void transactions and refunds at software-as-a-service and other subscription-based organizations are slightly different. Although frequently used, the two terms – void transactions and refunds – are sometimes misinterpreted. Additionally, there are subsequent questions that are typically asked, like: When should a payment be voided ?

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Opening balance sheet definition

Accounting Tools

What is an Opening Balance Sheet? An opening balance sheet contains the beginning balances at the start of a reporting period. These balances are usually carried forward from the ending balance sheet for the immediately preceding reporting period. If a business has just begun, then the opening balance sheet will contain no account balances at all, or perhaps the equity contributions (and offsetting cash balances) of investors.