CPA Practice

APRIL 28, 2023

When the economy gets rocky, accountants often play the role of a life raft for small business owners struggling to keep themselves afloat. This often meant shifting to an e-commerce model or offering entirely new products and services. A few years ago, COVID-19 forced many owners to pivot the way they did business.

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CPA Practice

APRIL 24, 2023

When the economy gets rocky, accountants often play the role of a life raft for small business owners struggling to keep themselves afloat. This often meant shifting to an e-commerce model or offering entirely new products and services. A few years ago, COVID-19 forced many owners to pivot the way they did business.

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Snyder

OCTOBER 12, 2022

It might seem true at first glance, as accounting applications and software help to perform routine tasks and decrease the load that bookkeepers have in their jobs. Thus, less work for bookkeepers and accountants means that employers are going to hire fewer professionals. Accounting solutions.

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Ryan Lazanis

SEPTEMBER 1, 2023

Their system allows you to create quotes, get contracts e-signed, kick-off subscriptions, send invoices, and also collect payment (another useful tool for smoothing out your accounts receivable process). Additionally, they can handle the accounts payable process as well. E-commerce business owners love it.

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xendoo

MARCH 21, 2022

Once your bookkeeping professional has collected financial data, they may pass it to an accountant who can analyze it and provide insights. For instance, bookkeeping means recording every sales transaction. Accounting means creating a report that determines your sales trends and profit margin. IRS penalties add up.

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Snyder

SEPTEMBER 29, 2022

Afterpay requires you to add a credit or debit card to your account and estimates a spending limit. Using a credit card rather than a debit card (even if you immediately cover the balance from your checking account) means you normally get a higher limit based on your credit card limit and spending power.

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Snyder

JANUARY 3, 2023

Larger companies tend to use the accrual basis of accounting, meaning that revenues and expenses are recorded at the time of the transaction (when you get a bill or raise an invoice), not at the time when the payments are made. An income statement is produced over a specific period of time, usually quarterly or yearly.

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