Xero

NOVEMBER 5, 2023

It’s Global Bookkeeping Week, an annual tradition that recognises bookkeepers from all corners of the globe and a worthy cause for celebration at Xero. From 6-10 November 2023, this dedicated week will see tens of thousands of bookkeepers take a moment to reflect on their incredible contributions to the small business community. Bookkeeping remains a thriving global profession, presenting its practitioners with a unique blend of challenges and enriching experiences.

Bookkeeping 252

Bookkeeping XERO 252

Insightful Accountant

NOVEMBER 5, 2023

The Chart of Accounts Templating is BACK!!!! I’m sharing how this comeback in QuickBooks Online should be setup and used for the Chart of Accounts. Establishing the Chart of Accounts each time from scratch is time-consuming.

QuickBooks 104

QuickBooks Accounting Accounting 104

Xero

NOVEMBER 5, 2023

It’s Global Bookkeeping Week, an annual tradition that recognises bookkeepers from all corners of the globe and a worthy cause for celebration at Xero. From 6-10 November 2023, this dedicated week will see tens of thousands of bookkeepers take a moment to reflect on their incredible contributions to the small business community. Bookkeeping remains a thriving global profession, presenting its practitioners with a unique blend of challenges and enriching experiences.

Bookkeeping 130

Bookkeeping XERO Accounting Accounting 130

Accounting Tools

NOVEMBER 5, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What are the Most Common Depreciation Methods? Depreciation is used to gradually charge the book value of a fixed asset to expense. It is intended to approximately reflect the decline in value of an asset over time, due to wear and tear. There are several methods of depreciation, which can result in differing charges to expense in any given reporting period.

Record Keeping 75

Record Keeping Auditing Tax Accounting 75

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

Xero

NOVEMBER 5, 2023

Xero has the pleasure of welcoming seven new members to its new Xero Partner Advisory Council (XPAC). The XPAC has been reintroduced into Aotearoa and is made up of a diverse panel of accountants and bookkeepers who are both thought leaders and trailblazers for the needs of the sector. The latest members are as follows: Trudi Ballantyne – Director, Stem Rural Accountants Limited Louise Holmes – Director, Red Office Limited Manoli Aerakis – Managing Director, Malloch McClean T

XERO 130

XERO Bookkeeping Accounting Accounting 130

Accounting Tools

NOVEMBER 5, 2023

Related Courses How to Audit Receivables How to Conduct an Audit Engagement The Balance Sheet What is an Accounts Receivable Confirmation? When an auditor is examining the accounting records of a client company, a primary technique for verifying the existence of accounts receivable is to confirm them with the company's customers. The auditor does so with an accounts receivable confirmation.

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Accounting 75

Accounting Tools

NOVEMBER 5, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is Cash Profit? Cash profit is the profit recorded by a business that uses the cash basis of accounting. Under this method, revenues are based on cash receipts and expenses are based on cash payments. Consequently, cash profit is the net change in cash from these receipts and payments during a reporting period.

Accruals 75

Accruals Bookkeeping Accounting Accounting 75

Outsourced Bookeeping

NOVEMBER 5, 2023

Many culinary establishment’s main objective is to streamline restaurant business so that customers have the most enjoyable possible eating experiences. Behind the scenes, however, restaurant enterprises’ financial operations are crucial to their general success. Restaurants frequently encounter a number of difficulties in the area of Accounts Payable automation.

AP 52

AP Accounts Payable Accounts Payable Outsourced Bookkeeping 52

Accounting Tools

NOVEMBER 5, 2023

Related Courses Accounting Controls Guidebook Accounting Procedures Guidebook What is Internal Control? Internal control is a set of activities that are layered onto the normal operating procedures of an organization, with the intent of safeguarding assets , minimizing errors, and ensuring that operations are conducted in an approved manner. Another way of looking at internal control is that these activities are needed to mitigate the amount and types of risk to which a firm is subjected.

Bank Reconciliation 75

Bank Reconciliation Auditing Financial Statements Accounting 75

Tipalti

NOVEMBER 5, 2023

Easily calculate international wire transfer fees with our calculator. Get efficient cost estimates for your global money transfers to help streamline business.

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52

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

Accounting Tools

NOVEMBER 5, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Loan Stock? Loan stock is shares in a business that have been pledged as collateral for a loan. This type of collateral is most valuable for a lender when the shares are publicly traded on a stock exchange and are unrestricted, so that the shares can be easily sold for cash.

Corporate Finance 75

Corporate Finance 75

Insightful Accountant

NOVEMBER 5, 2023

New QuickBooks capabilities will provide automated and effortless inventory management to help businesses confidently manage and scale e-commerce operations.

QuickBooks 52

QuickBooks 52

Accounting Tools

NOVEMBER 5, 2023

Related Courses Cost Accounting Fundamentals What is a Material Quantity Variance? A material quantity variance is the difference between the actual amount of materials used in the production process and the amount that was expected to be used. The measurement is employed to determine the efficiency of a production process in converting raw materials into finished goods.

Cost Accounting 75

Cost Accounting Accounting Accounting 75

Accounting Tools

NOVEMBER 5, 2023

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy What is the Liquidation Basis of Accounting? Liquidation basis accounting is concerned with preparing the financial statements of a business in a different way if its liquidation is considered to be imminent. “Imminent” refers to either of the following two conditions: Liquidation plan.

Accruals 71

Accruals Accounting Accounting Financial Statements 71

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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

Accounting

Accounting Tools

NOVEMBER 5, 2023

Related Courses Corporate Cash Management Treasurer's Guidebook What is a Cash Overdraft? A cash overdraft is a bank account that contains a negative balance. This situation typically arises when a person or business is too optimistic in assuming that deposited funds have cleared the bank and are available for use, and so writes checks for which funds are not yet available.

Bank Reconciliation 40

Bank Reconciliation Deposits Accounting Accounting 40

Accounting Tools

NOVEMBER 5, 2023

Related Courses Accounting for Investments Corporate Finance Treasurer's Guidebook What is Return of Capital? The return of capital refers to the return of invested funds from an investment to an investor. This transfer of funds represents a return of the original investment, not any additional capital gain on the investment. A return of capital can occur when the activity in which an investment was originally made is being liquidated.

Corporate Finance 40

Corporate Finance Tax Accounting Accounting 40

Accounting Tools

NOVEMBER 5, 2023

Related Courses Bookkeeping Guidebook What is a Natural Business Year? A natural business year is a period of 12 consecutive months, terminating in a natural low point in the sales activity of a business. This period is an ideal choice for being the official accounting year of a business (known as its fiscal year ), since the natural low point at the end of the period should coincide with a decline in recordable business transactions.

Auditing 40

Auditing Accounts Payable Accounts Payable Accounts Receivable 40

Accounting Tools

NOVEMBER 5, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets Depreciation cost is the amount of a fixed asset that has been charged to expense through a periodic depreciation charge. The amount of this expense is theoretically intended to reflect the to-date consumption of the asset. Before determining whether depreciation is a direct cost or indirect cost, we must first clarify the related terms, which are noted below.

Auditing 40

Auditing Accounting Accounting 40

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The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

AP

Accounting Tools

NOVEMBER 5, 2023

Related Courses Oil and Gas Accounting What is the Successful Efforts Method? The successful efforts method is used in the oil and gas industry to account for certain operating expenses. Under the successful efforts method, a company only capitalizes those costs associated with the location of new oil and gas reserves when those reserves have been found.

Accounting 40

Accounting Accounting Cost Accounting 40

Accounting Tools

NOVEMBER 5, 2023

Related Courses The Balance Sheet What are Accumulated Retained Earnings? Accumulated retained earnings are the earnings of a business that have piled up since its inception, rather than being paid to shareholders in the form of dividends or some other form of distribution. It is necessary to build up a significant amount of accumulated retained earnings in many companies, for the following reasons: Reserves.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Tax 40

Accounting Tools

NOVEMBER 5, 2023

Related Courses Corporate Finance Treasurer's Guidebook What is Callable Stock? Callable stock is shares in a company that the issuer can buy back. Callable stock may be issued in order to have the option of retaining tighter control over a business or to avoid paying interest on preferred stock. The issuer buys back the shares under the terms of an agreement that states the buy back price (known as the call price ) and the dates or circumstances under which the issuer can buy back the shares.

Corporate Finance 40

Corporate Finance 40

Accounting Tools

NOVEMBER 5, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer’s Guidebook What is a Capitalization Table? A capitalization table is a detailed listing of the ownership of a business. At a minimum, it includes the detail for all outstanding common stock and preferred stock , including the names of all shareholders. It may also include a listing of all warrants and stock options that have not yet been exercised.

Corporate Finance 40

Corporate Finance 40

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

Accounting Tools

NOVEMBER 5, 2023

Related Courses Accounting for Inventory How to Audit Inventory What is the Ending Work in Process Formula? Work in process (WIP) is inventory that has been partially completed, but which requires additional processing before it can be classified as finished goods inventory. The amount of ending work in process must be derived as part of the period-end closing process, and is also useful for tracking the volume of production activity.

Record Keeping 40

Record Keeping Auditing Accounting Accounting 40

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. The term is most commonly applied to the balance in a firm's checking account at the end of an accounting period. An organization uses the bank reconciliation procedure to compare its book balance to the ending cash balance in the bank statement provided to it by the company's bank.

Bank Reconciliation 40

Bank Reconciliation Deposits Reconciling Bookkeeping 40

Accounting Tools

NOVEMBER 5, 2023

Related Courses Bookkeeping Guidebook Effective Sales Management Revenue Management Revenue Recognition What is Sales Revenue? Sales revenue is the amount realized by a business from the sale of goods or services. The two words can be used interchangeably, since they mean the same thing. This figure is used to define the size of a business. The concept can be broken down into two variations, which are noted below.

Billing 40

Billing Bookkeeping 40

Accounting Tools

NOVEMBER 5, 2023

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Two-Tier Tender Offer? Under a two-tiered tender offer, an acquirer offers a better deal for a limited number of shares of the target company that it wishes to purchase, followed by a worse offer for the remaining shares.

CPA 40

CPA 40

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

Accounting

Accounting Tools

NOVEMBER 5, 2023

Related Courses Corporate Cash Management Treasurer's Guidebook What is a Lockbox System? A lockbox is a bank-operated mailing address to which a company directs its customers to send their payments. The bank opens the incoming mail, deposits all received funds in the company's bank account, and scans the payments and any remittance information. The scanned images are posted to a secure website, where the company's accounting staff can access the images to apply payments to outstanding accounts

Deposits 40

Deposits Computation Accounts Payable Accounts Payable 40