Shay CPA

FEBRUARY 19, 2025

This tool gives you a way to validate that your company is following proper accounting practices and that your books are accurate. based companies, that means adhering to generally accepted accounting principles (GAAP). As a startup, aligning with GAAP usually means starting with accrual-based accounting.

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SkagitCountyTaxServices

JUNE 2, 2022

Before I get into accounting methods basics today (a subject near to my heart) … I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Skagit County business owners are in the thick of things during this commemorative weekend). Pros and cons of accrual accounting.

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ThomsonReuters

JUNE 9, 2023

The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession.

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SkagitCountyTaxServices

JUNE 8, 2022

Though it’s not the main thing I’ll be writing about today, I did want to point out this economic elephant in the room for my Mount Vernon business owner readers and clients, and not just speed on by and into my accounting geekery. It was started some 50 years ago as a successor to the Accounting Principles Board.

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Basis 365

SEPTEMBER 18, 2024

Accrual Accounting is the Key to Consistency An accurate income statement relies on proper accounting methods, and accrual accounting is essential for matching revenues with the expenses incurred to generate them. This is where outsourcing your accounting can make a significant difference.

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inDinero Accounting

APRIL 9, 2021

Seeing the cash-in and cash-out every month is reassuring, but you’re making the change in accounting method because your company’s growth depends on it. You are familiar with the pros and cons of cash versus accrual accounting. How do you switch a Software as a Service (SaaS) from cash to accrual? Glad you asked!

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inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Getting into legal troubles.

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Basis 365

MARCH 30, 2023

ARE ALL ACCOUNTING SERVICES THE SAME? COMPARING DIFFERENT ACCOUNTING PARTNERS CAN BE LIKE COMPARING APPLES AND ORANGES. ACCOUNTING SERVICES (OR OFFERINGS) ARE NOT ALL THE SAME. BREAKING DOWN THE DIFFERENT ACCOUNTING PARTNERS YOU MAY BE CONSIDERING AND WHICH ONE IS RIGHT FOR YOU. DON’T OVER- OR UNDER-HIRE.

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KROST

APRIL 12, 2022

Securing credit, managing employees, and staying involved in the day-to-day running of the business creates a constant set of obstacles to be addressed by the business owner, leaving very little time for a life outside of work, let alone applying the latest accepted accounting principles. When should you consider adopting FRF for SMEs?

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Basis 365

FEBRUARY 1, 2024

In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial discipline.

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Shay CPA

JANUARY 25, 2023

On a cash basis of accounting, the revenue would be recorded in January 2022. To provide a clearer picture, according to generally accepted accounting principles (GAAP), the company should use accrual-based accounting. You get that with accrual-based accounting. recognize this revenue?

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SchoolofBookkeeping

DECEMBER 15, 2024

In this Workshop Wednesday, we dive into the intricacies of managing Accounts Receivable (AR) in QuickBooks Online (QBO) and QuickBooks Desktop, addressing common mistakes and offering practical solutions. Handling Multiple Accounts Receivable One key difference lies in the handling of multiple Accounts Receivable accounts.

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Snyder

JULY 1, 2022

Let’s take a closer look at what a profit and loss statement (P&L) is, how exactly it works, why your business needs it and the way automatic accounting software can help you manage it. When you prepare these financial reports, you must comply with generally accepted accounting principles (GAAP). Contents: 1.

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