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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

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Intuit Shows Off New Tech and Features at Intuit Connect Conference

CPA Practice

To meet these more complex needs, several new payroll capabilities within QuickBooks Online Payroll are launching: Automated tax withdrawals: When automated taxes are enabled, QuickBooks Online Payroll now calculates and withdraws payroll tax liabilities as they increase, such as at the time of a payroll run, and pays agencies when taxes are due.

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Checklist for Small Business Startups

SMBAccountant

Are you a small business owner seeking expert guidance on accounting practices? Establishing a core understanding of key accounting principles not only instills confidence but also ensures compliance with accounting and government regulations.

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Cloud-Based Accounting: Sage Intacct’s Modern Solution for Businesses

Cherry Bekaert

Of the top software market contenders, Sage Intacct is the platform endorsed and trusted by the American Institute of Certified Public Accountants (AICPA). Highlighting Sage Intacct Feature – Use Case Visix, Inc.,

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From Startup to Maturity: How Outsourced Accounting Can Help Tech Companies Through Every Stage of Growth

Cherry Bekaert

Ensure Compliance With Regulatory Requirements: Tech companies are required to comply with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), which are particularly important for companies planning to go public.

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Key Accounting Challenges Facing Professional Services Businesses

Basis 365

WIP (Work-in-Progress) Accounting: Service-based businesses may have ongoing projects that are not yet completed at the end of the accounting period. Properly classifying workers as employees or contractors is important for tax purposes and determines the associated payroll taxes, benefits, and other employment-related expenses.

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How do I choose what entity type my business should be?

Basis 365

This can be a burden to get everything in order by the deadline, which is why many partnerships turn to work with an outsourced accountant to get the financials prepared in a timely manner. In addition, partnerships are faced with expanded accounting requirements to comply with Generally Accepted Accounting Principles.