Intuit

JUNE 16, 2023

As inflation and other economic pressures weigh on Australian small business owners, having access to tools that can help them make smart financial decisions is critical. The best tools should leverage data to provide a personalised experience and give small and medium-sized enterprises (SMEs) the information they need to hire, expand, cut costs, and streamline with confidence.

Data Entry 246

Data Entry Financial Services Invoicing Tax 246

Blake Oliver

JUNE 16, 2023

If we want a robust, dynamic, and inclusive accounting profession, we need to remove costly and unnecessary barriers to becoming a CPA. In my latest article on the Firm of the Future blog, I delve into the challenges associated with the CPA 150-hour education requirement.

CPA 98

CPA Accounting Accounting 98

Accounting Tools

JUNE 16, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements The current ratio and quick ratio are both designed to estimate the ability of a business to pay for its current liabilities. The difference between the two measurements is that the quick ratio focuses on the more liquid assets , and so gives a better view of how well a business can pay off its obligations.

Financial Statements 75

Financial Statements 75

NextProcess

JUNE 16, 2023

Depending on who you ask , the U.S. economy is either already in recession or very likely to go in that direction. In the current business climate, vendors are looking for faster payments so they can make ends meet without waiting weeks or even months for clients to pay their invoices. At the same time, clients want to hold on to cash as long as possible to guard against economic uncertainty.

Accounts Payable 52

Accounts Payable Accounts Payable AP Invoicing 52

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

Accounting Tools

JUNE 16, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger is the master set of accounts that aggregates all transactions recorded for a business. When a person is reconciling the general ledger, this usually means that individual accounts within the general ledger are being reviewed to ensure that the source documents match the balances shown in each account.

General Ledger 75

General Ledger Reconciling Bookkeeping Financial Statements 75

Economize

JUNE 16, 2023

Choosing the right managed database service can be a challenging task. AWS RDS and Google Cloud SQL are two major players in the space, each offering a unique blend of features and advantages. This in-depth comparison guide breaks down the key considerations, including features, integrations, flexibility, data security, and pricing to help you make an informed decision.

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SMB Accounting and Consulting

JUNE 16, 2023

One of the best things that you can do for your business is to understand financial statements. One of the biggest issues that come with reading financial statements is understanding the differences between Retained Earnings vs Owner’s Equity. The first step is defining the two. Retained Earnings is the company’s net income or loss over the period of the company.

Financial Statements 52

Financial Statements Accounting Accounting 52

Accounting Tools

JUNE 16, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The Balance Sheet What is Opening Balance Equity? Opening balance equity is the offsetting entry used when entering account balances into the Quickbooks accounting software. This account is needed when there are prior account balances that are initially being set up in Quickbooks. It is used to provide an offset to the other accounts, so that the books are always balanced.

Data Entry 75

Data Entry QuickBooks Bookkeeping Accounting Software 75

Insightful Accountant

JUNE 16, 2023

They are on the way. The IRS is sending out more than 5 million to 8 million CP14s, which means your clients are going to need help.

Collections 52

Collections 52

Accounting Tools

JUNE 16, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is an Adjusted Trial Balance? An adjusted trial balance is a listing of the ending balances in all accounts after adjusting entries have been prepared. The intent of adding these entries is to correct errors in the initial version of the trial balance and to bring the entity's financial statements into compliance with an accounting framework , such as Generally Accepted Accounting Principles or International Financial Reporti

General Ledger 74

General Ledger Financial Statements Accruals Bookkeeping 74

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 Fun

JUNE 16, 2023

A business coach was looking for an alliterative approach to use when targeting accountants. The following positive adjectives were all identified as possible aspirations but rejected at least partly for having the potential to be misunderstood in the context of accountants: Absurd, Adequate, Adventurous, Agile, Amorous, Aphrodisiac, Approachable, Appropriate, Arousing, Arresting, Assisting, Astonishing, Astounding, Attentive, Attractive, Audacious, Auspicious, Authoritative, Autonomous, Availab

Accounting 44

Accounting Accounting 44

Accounting Tools

JUNE 16, 2023

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement The Audit Risk Model What is Sequential Sampling? Sequential sampling is a sampling technique that involves the evaluation of each sample taken from a population to see if it fits a desired conclusion; the auditor stops evaluating samples as soon as there is sufficient support for the conclusion.

Auditing 40

Auditing Computation 40

NACM

JUNE 16, 2023

On this special episode of Extra Credit, we take you to the Expo floor at Credit Congress in Grapevine, TX to hear how NACM has positively impacted the careers of several different credit professionals.

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Accounting Tools

JUNE 16, 2023

Related Courses The Balance Sheet The interpretation of Financial Statements What is Stockholders’ Equity? Stockholders' equity is the amount of assets remaining in a business after all liabilities have been settled. It is calculated as the capital given to a business by its shareholders , plus donated capital and earnings generated by the operation of the business, less any dividends issued.

Financial Statements 40

Financial Statements Accounting Accounting 40

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Accounting

Accounting Tools

JUNE 16, 2023

Related Courses CFO Guidebook Corporate Finance Treasurer's Guidebook What is the First Call Date? The first call date is the earliest date on which the indenture agreement for a callable bond issuance allows the issuer to redeem all or part of the bond. The price at which the redemption can be made is specified in the indenture agreement. An issuer employs the first call date concept to give itself the option to terminate a bond liability before the maturity date and replace it with lower-cost

Corporate Finance 40

Corporate Finance Accounting Accounting 40

Accounting Tools

JUNE 16, 2023

Related Courses Accountants’ Guidebook GAAP Guidebook The Balance Sheet What is a Contingent Liability? A contingent liability is a potential obligation that may arise from an event that has not yet occurred. A contingent liability is not recognized in a company’s financial statements. Instead, only disclose the existence of the contingent liability, unless the possibility of payment is remote.

Financial Statements 40

Financial Statements Accounting Accounting 40

Accounting Tools

JUNE 16, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook What is a Credit Memo? A credit memo is a contraction of the term "credit memorandum," which is a document issued by the seller of goods or services to the buyer, reducing the amount that the buyer owes to the seller under the terms of an earlier invoice. The credit memo usually includes details of exactly why the amount stated on the memo has been issued, which can be used later to aggregate information about credit memos to determi

Invoicing 40

Invoicing Accounts Receivable Accounts Receivable Account Receivables 40

Accounting Tools

JUNE 16, 2023

Related Courses Accounting for Inventory Cost Accounting Fundamentals How to Audit Inventory What are Indirect Materials? Indirect materials are materials used in the production process, but which cannot be linked to a specific product or job. Alternatively, they may be used in such insubstantial quantities on a per-product basis that it is not worthwhile to track them as direct materials (which involves including them in the bill of materials ).

Record Keeping 40

Record Keeping Billing Auditing Cost 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

JUNE 16, 2023

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Cash Flow from Assets? Cash flow from assets is the aggregate total of all cash flows related to the assets of a business. This information is used to determine the net amount of cash being spun off by or used in the operations of a business.

Financial Analysis 40

Financial Analysis Accounts Payable Accounts Payable Accounts Receivable 40

Accounting Tools

JUNE 16, 2023

Related Courses Cost Accounting Guidebook Financial Analysis The Interpretation of Financial Statements What is the Weighted Average Contribution Margin? The weighted average contribution margin is the average amount that a group of products or services contribute to paying down the fixed costs of a business. The concept is a key element of breakeven analysis , which is used to project profit levels for various amounts of sales.

Financial Analysis 40

Financial Analysis Financial Statements Cost Accounting Accounting 40

Accounting Tools

JUNE 16, 2023

Related Courses Auditing Construction Contractors Construction Accounting Project Accounting Revenue Recognition What is the Completed Contract Method? The completed contract method is used to recognize all of the revenue and profit associated with a project only after the project has been completed. This method yields the same results as the percentage of completion method , but only after a project has been completed.

Financial Statements 40

Financial Statements Billing Collections Auditing 40

Accounting Tools

JUNE 16, 2023

Related Courses Accounting for Income Taxes Small Business Tax Guide What is a Graduated Tax? A graduated tax is an income tax that adjusts in relation to the amount subject to taxation. This usually means that those earning the largest amount of income pay the largest tax percentage. When the maximum tax rate is quite high, this represents a strong incentive for high earners to shift their income into tax shelters or move to a different location that charges lower tax rates.

Tax 40

Tax 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

JUNE 16, 2023

What is the Gray Economy? The gray economy includes any economic activity that is legal, but which is unrecorded and unregulated. These transactions frequently involve arbitrage opportunities where there is a disparity in price points across geographic regions. These transactions are not recorded in the official statistics for economic activity, so that a country’s reported economic activity tends to be underreported.

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Accounting Tools

JUNE 16, 2023

Related Courses Essentials of Employment Law Human Resources Guidebook Payroll Management What is a Wage? A wage is the remuneration paid to an employee, usually on an hourly, daily, or piece rate basis. Wages are one of the primary expenses of an organization, comprising an especially high proportion of total expenses in service-oriented firms. Wages are more likely to be paid for unskilled or manual labor.

Accruals 40

Accruals Payroll Accounting Accounting 40

Accounting Tools

JUNE 16, 2023

Related Courses Corporate Cash Management Foreign Currency Accounting What is Hard Currency? Hard currency is any currency that is widely accepted for settling payment transactions. It tends not to fluctuate much over the short term, and it is highly liquid in the foreign exchange market. These characteristics give companies confidence that hard currencies can be used to settle transactions without having to worry about unusual exchange rate fluctuations.

Accounting 40

Accounting Accounting 40

Accounting Tools

JUNE 16, 2023

Related Courses The Income Statement The Interpretation of Financial Statements What is Selling, General and Administrative Expense? The selling, general and administrative expense (SG&A) is comprised of all operating expenses of a business that are not included in the cost of goods sold. Management should maintain tight control over these costs, since they increase the break even point of a business.

Budgeting 75

Budgeting Financial Statements Accounting Accounting 75

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

JUNE 16, 2023

Related Courses The Balance Sheet The Interpretation of Financial Statements What is a Statement of Shareholders’ Equity? A statement of shareholders' equity details the changes within the equity section of the balance sheet over a designated period of time. The report provides additional information to readers of the financial statements regarding equity-related activity during a reporting period.

Financial Statements 40

Financial Statements 40