Intuit

MAY 8, 2023

Customer obsession has always been one of Intuit’s core values. While Intuit prides itself on creating innovative products and services, our touchpoints leave us with a partial view of the real-life challenges small businesses face. In April 2019, the Adopt a Small Business program began. In this program, small groups of Intuit employees volunteer to adopt a QuickBooks and/or Mailchimp customer for two months, getting to know the ups and downs of running a small business while using our products

QuickBooks 246

QuickBooks Data Entry Financial Operations Manager Financial Operations 246

Accounting Department

MAY 8, 2023

There are three documents that public companies must file quarterly: the balance sheet, the cash flow statement, and the profit and loss statement. Although private companies aren’t required to submit these forms, they are still recommended to provide a good snapshot of current conditions for business owners to always be aware of the health of their business.

Financial Reporting 178

Financial Reporting 178

CapActix

MAY 8, 2023

Managing tax extensions can be a challenging task for CPA firms, especially during the busy tax season. However, with proper planning and organization, it is possible to efficiently manage tax extensions while ensuring compliance with tax regulations and meeting client expectations. Here are some best practices for managing tax extensions in your CPA firm: Plan Ahead Start preparing for tax extensions early in the tax season.

CPA 98

CPA Tax Auditing Record Keeping 98

CloudZero

MAY 8, 2023

In the early 2000s, Amazon faced an existential threat: Speed up their pace of software engineering, or risk losing eminence in the burgeoning e-commerce landscape.

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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

Insightful Accountant

MAY 8, 2023

Find out how you can continue to be an integral resource for your small business clients in nearly every aspect of their business. Sign up today.

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Reconciled Solutions

MAY 8, 2023

Tags in QuickBooks Online add another way to track your financial data in addition to classes and categories. The post How and why you should use tags in QuickBooks Online appeared first on Reconciled Solutions.

QuickBooks 71

QuickBooks Reconciling Bookkeeping 71

CSI Accounting & Payroll

MAY 8, 2023

You’re heading a startup business and are trying to get your ducks in a row. Part of that means arranging all of the necessary business services. However, it’s tricky for new businesses to know when they need to start outsourcing accounting. Maybe you’re ramping up but don’t fully know what you’re doing. If you’re the type of person who uses a financial advisor for advice on your personal funds, you’re definitely the type of owner who would be eager to use an accountant for advice on your busine

Accounting 52

Accounting Accounting Small Business Accounting Tax 52

Nanonets

MAY 8, 2023

Reconciliation is a mandatory process for businesses of all sizes. Reconciliation helps businesses gain insight into business spending and their categories in real-time. Account reconciliation takes a lot of time and effort. Also, the manual reconciliation method is error-prone. It involves matching records on multiple documents, which might lead to errors in reporting and, subsequently, put businesses at risk of making wrong decisions to limit their spending.

General Ledger 52

General Ledger Bank Reconciliation Account Reconciliation XERO 52

Remote Quality Bookkeeping

MAY 8, 2023

Running a business is no easy feat. You must juggle the demands of your customers along with keeping your records in check. Although most business owners don’t enjoy diving into spreadsheets and number crunching, keeping track of all the money that goes in and out is imperative, as it provides valuable insights into the business’s cash flow and where it’s standing.

Accounting 52

Accounting Accounting Financial Statements Bookkeeping 52

Nanonets

MAY 8, 2023

Looking to automate accounting processes? Try Nanonets accounting automation software to streamline all your accounting receivable processes. Start your free trial Accounts receivable (AR) is an asset on a company's balance sheet. It represents the total amount of money the company owes its customers, less any already paid amounts. In other words, accounts receivable is the money a company expects to receive in the future from its customers.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 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.

dynavistics

MAY 8, 2023

Recently we heard the rumor that GP is no longer being supported beyond 2025, and we are receiving questions from clients and others about Microsoft discontinuing Dynamics GP and forcing customers off the platform. We have also heard rumors that GP was no longer supported in 2028, 2021, 2018… Well, that is not true, and some ERP companies are using a recent Microsoft Dynamics announcement as a fear tactic.

Accounting 52

Accounting Accounting 52

Insightful Accountant

MAY 8, 2023

If you're looking for an alternative to QuickBooks Point-of-Sale that works with QuickBooks Desktop, your options are really slim.

QuickBooks 52

QuickBooks 52

Accounting Tools

MAY 8, 2023

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy Essentials of Collection Law A priority claim is an unsecured claim by a creditor in a bankruptcy proceeding that must be paid ahead of general unsecured claims. Claims are submitted by creditors to the bankruptcy court on a proof of claim form. The bankruptcy trustee then reviews these claims, resolves any objections, and issues payments to the submitting creditors.

Collections 40

Collections Tax 40

Nanonets

MAY 8, 2023

Eliminate manual approval bottlenecks with our no-code approval workflow template. Give your team a clear idea of what needs to be approved, by when, and how so that no approvals get stuck in the pipeline for long. Try Free Workflow Template What is an approval workflow? An approval workflow is a set of steps that a document or a task needs to go through before it can be approved and completed.

Invoicing 52

Invoicing Budgeting AP Invoice Processing 52

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Accounting

Accounting Tools

MAY 8, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management Payroll costs consist of all costs incurred by an employer to compensate its employees. These costs include employee compensation and the employer-paid portion of all payroll taxes. The employer-paid portion of these taxes encompasses FICA taxes and government unemployment insurance programs.

Payroll 40

Payroll Auditing Tax Accounting 40

Nanonets

MAY 8, 2023

How easy is it to go back and find information about your business? If a customer calls you and asks about their payment, can you see the date it was received and deposited? If not, it may be time to rework your current accounting policies to implement audit trails. Despite what many business owners believe, audit trails aren’t reserved only for companies that receive an audit.

Auditing 52

Auditing Accounts Payable Accounts Payable Purchase Order 52

Accounting Tools

MAY 8, 2023

Related Courses Investing Guidebook What is Timing Risk? Timing risk is the uncertainty associated with buying or selling a security in order to take advantage of high or low points in the market price. The outcome can reduce the value of an investor's portfolio due to buying at an excessively high price or selling at an excessively low price. An investor that tries to time the market to align his buying and selling activities with low and high points in market prices usually does not succeed, a

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Nanonets

MAY 8, 2023

As a new business owner, you quickly understand there is much more to running the business than your product or service. Leveling up your skills, managing customer and vendor relationships, and – perhaps most critically – keeping exact records of your transactions. This is where bookkeeping comes in. Numbers scare some people. Maybe you’re one of them.

Bookkeeping 52

Bookkeeping Financial Statements Accounting Software Reconciling 52

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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.

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Accounting Tools

MAY 8, 2023

Related Courses Capital Budgeting Corporate Finance What is the Cost of Preferred Stock? The cost of preferred stock is the stated dividend amount paid annually on each share of preferred stock , divided by the current market price of the stock. These dividends are not tax deductible , so the cost of preferred stock is always higher than the cost of debt – for which interest payments are tax deductible.

Corporate Finance 40

Corporate Finance Budgeting Tax Financial Analysis 40

Invoicera

MAY 8, 2023

Getting paid on time is essential for any business to streamline cash flow, but unfortunately, it doesn’t always happen. This is where invoice dunning comes in. Invoice dunning is the process of sending reminders to clients who have outstanding invoices in order to encourage them to make payments. However, manual invoice dunning can lead to potential problems such as: Risk of damaging client relationships Time-consuming and resource-intensive process Negative impact on cash flow and revenu

Invoicing 52

Invoicing Invoice Processing Collections Expense Reports 52

Accounting Tools

MAY 8, 2023

Related Courses How to Conduct an Audit Engagement What is a Piecemeal Opinion? A piecemeal opinion is a report issued by an external auditor , in which the auditor states an opinion regarding specific line items within a client's financial statements. It was usually issued when an auditor was issuing an adverse opinion or a disclaimer of opinion. A piecemeal opinion is no longer allowed under generally accepted auditing standards , but had been intended to offset an overall adverse opinion or d

Financial Statements 40

Financial Statements Auditing 40

Accounting Tools

MAY 8, 2023

Related Courses Activity-Based Costing Cost Accounting Fundamentals What is a Cost Element? A cost element is the cost of a resource that is consumed by an activity. The concept is used in activity-based costing. For example, production supplies may be a cost element that is included in a cost pool for a production process.

Cost Accounting 40

Cost Accounting Accounting Accounting 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

MAY 8, 2023

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy Essentials of Collection Law What is the Absolute Priority Rule? Absolute priority is the rule that secured claims are paid in full before junior claims when a corporation liquidates. To extend the concept further, equity holders are only paid after all creditors , since equity is considered to be the residual value of the business.

Collections 40

Collections Tax 40

Accounting Tools

MAY 8, 2023

Related Courses Auditing Nonprofit Entities Nonprofit Accounting What is a Promise to Give? A promise to give is an agreement to give cash or other assets to a third party. The donor then has an obligation to complete the transaction , while the recipient has an expectation of receipt. There are two types of promise, which are the conditional and unconditional promise.

Auditing 40

Auditing Accounting Accounting 40

Accounting Tools

MAY 8, 2023

Related Courses Fair Value Accounting What are Observable Inputs? Observable inputs are used to develop fair values for assets and liabilities , and are derived from market information. These inputs reflect the pricing assumptions that third parties would use when setting prices for assets and liabilities. Ideally, the valuation chosen should maximize the use of relevant observable inputs and minimize the use of unobservable inputs.

Accounting 40

Accounting Accounting 40

Accounting Tools

MAY 8, 2023

Related Courses Internal Auditing Guidebook Lean Accounting Guidebook What is a Performance Audit? A performance audit is used to examine how well a process or activity is performed. This examination can address such factors as the amount of time incurred to complete an activity, the cost-effectiveness or speed of a process, the transaction error rate , the effectiveness of internal controls , and how well it supports the objectives of the business.

Auditing 40

Auditing Budgeting Accounting Accounting 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

MAY 8, 2023

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy Effective Collections What is a Preferred Creditor? A preferred creditor has the right to obtain payment from a business ahead of other creditors. This status is of most importance when a debtor enters bankruptcy and there are not enough residual assets to pay all creditors. Preferred status is conferred when a creditor obtains a valid lien on the debtor's assets or a right to payment by some other means.

Collections 40

Collections Tax 40

Accounting Tools

MAY 8, 2023

Related Courses C Corporation Tax Guide Types of Business Entities What is Corporate Governance? Corporate governance is the system of rules and controls used by a board of directors to oversee a company. An acceptable level of corporate governance involves being transparent about providing information to outsiders, ensuring that a strong sense of ethical behavior permeates the organization, and ensuring that a strong control system is employed to detect variances.

Corporation Tax 40

Corporation Tax Tax 40

Accounting Tools

MAY 8, 2023

Related Courses Essentials of Business Law What is a Privileged Communication? A privileged communication is a conversation between two parties that is legally classified as a private discussion. This discussion is legally protected, and so cannot be disclosed to third parties. The concept is most commonly associated with a discussion between an attorney and a client.

CPA 40

CPA Accounting Accounting 40

Accounting Tools

MAY 8, 2023

Related Courses Public Company Accounting and Finance What is a Prospectus? A prospectus is a document containing the details of a prospective securities offering. It is filed with the Securities and Exchange Commission (SEC). The depth of information covered is intended to inform investors about the risks involved if they were to purchase the related securities.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

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