Accounting Today

OCTOBER 14, 2024

Changes are only accomplished if the firm leaders are committed to improvements.

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accounting system accountant accounted Account 78

CPA Practice

MAY 3, 2024

Wolters Kluwer Tax & Accounting (TAA), a global leader in professional information, software solutions, and services, today announced plans to deliver new AI-enabled capabilities to tax and accounting professionals, as part of its innovation strategy centered on firm intelligence.

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Withum

JULY 23, 2024

The Defense Federal Acquisition Regulation Supplement (DFARS) outlines specific requirements for contractors’ accounting systems. These systems play a crucial role in ensuring accurate financial reporting, compliance with regulations, and effective cost management. What Is an Accounting System?

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SMBAccountant

OCTOBER 7, 2020

This requires a detailed job costing within an accounting system for which many contractors are not prepared. These oversight bodies are not typically concerned with a contractor’s accounting system during a phase I award because of the fixed price. This type of contract requires detailed tracking of costs.

accountant 246

accountant Account accounted accrual accounting 246

TaxConnex

JULY 18, 2024

Returns/Credits Returns and credits should be clearly identified in your accounting system. Ensure these bad debts are clearly identified and documented in your accounting system. These invoices provide detailed records of your transactions and are essential for verifying taxable and non-taxable sales.

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audit Sales Tax tax return 264

GrowthForceBlog

NOVEMBER 27, 2023

With so much difficulty facing nonprofit leaders, struggling to keep up with the bookkeeping and accounting tasks of the back office doesn't need to be added to the list of struggles.

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RogerRossmeisl

AUGUST 2, 2021

Potential risks Your restaurant may have high transaction volumes but lack the technology linking point-of-sale, inventory and accounting systems. So now isn’t the time to drop your guard. This leaves gaps for fraudsters to exploit.

CPA 246

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SMBAccountant

NOVEMBER 4, 2020

Quality management and accounting systems go hand in hand, especially when it comes to managing government contracts. Accurate indirect rates and a quality accounting system are also valued by the customer. Both situations are not ideal and interrupt cash flow, which is critical for small businesses.

Government 246

Government accountant Account accounted 246

CPA Practice

OCTOBER 31, 2024

Eighty-eight percent of respondents stated it’s “very important” for compliance automation software to connect with platforms they already use, such as ecommerce, payroll, and accounting systems.

Sales 116

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SMBAccountant

DECEMBER 16, 2020

For tax purposes, guidance may be different, but for this article’s purpose, the methods of recording R&D in a contractor’s accounting system will be discussed. More information regarding these programs can be found at sbir.gov/about.

Government 246

Government accountant Account accounted 246

Withum

DECEMBER 9, 2024

Rethink your entire accounting system: Businesses change and grow over time and their accounting needs do as well. With this announcement and the necessary action, it is a great time to consider moving to a more robust accounting software such as Sage Intacct , Microsoft Business Central or NetSuite.

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Withum

DECEMBER 2, 2024

Ultimately, the modified cash basis offers a flexible accounting solution, allowing businesses to maintain more straightforward reporting while achieving a more accurate financial picture than cash-based accounting alone. Let’s Chat The post Understanding Cash vs. Accrual Accounting appeared first on Withum.

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GrowthForceBlog

FEBRUARY 21, 2025

Robust accounting software, such as Sage Intacct or even QuickBooks, integrates with a long list of. Simplify Closing the Books: Year-end accounting for SMEs doesn't have to be stressful. The most cost-effective back-office strategy.

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TaxConnex

NOVEMBER 30, 2021

The challenge in achieving this is that source systems change, new billing systems are implemented, e-commerce applications are incorporated into the business, or you may acquire a company with completely different accounting systems. Most billing systems can automatically generate a report in a specific file format.

E-commerce 246

E-commerce tax return Sales Tax 246

Accounting Insight

NOVEMBER 1, 2024

New research released today, by UK accounting software provider iplicit, has revealed that the fear of losing historical financial data is the major barrier to upgrading from legacy accounting systems. By sticking with legacy software, finance leaders are likely to be holding their organisations back.

Finance 52

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TaxConnex

MAY 12, 2022

Tax Data Reports - In a perfect world, all of your sales tax calculations will be managed in one system, and you will be able to produce a single report each month that provides details with all of your sales and use tax liabilities.

Sales 264

Sales Tax E-commerce general ledger 264

Withum

JANUARY 30, 2025

Author: Deepa Patel , CPA | deepa.patel@withum.com Contact Us Get in touch with our Outsourced Accounting Systems and Services Team today to ensure your financial statement audit preparation is on track. Let’s Chat The post Financial Audit Preparation Steps: Expert Tips for An External Audit Process appeared first on Withum.

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SMBAccountant

AUGUST 12, 2020

Accounting policies and procedures can reach into almost every department, area, or responsibility, so they need to be communicated and monitored often. If there is ever an audit by DCAA of the accounting system or any portion of it, the policies and procedures will be reviewed.

Government 190

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CPA Practice

FEBRUARY 14, 2024

From online tax and accounting systems, practice management, document automation and workflow tools, to apps for collaboration, mobile productivity and research. Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.

Technology 126

Technology Construction accounting system payroll 126

Basis 365

NOVEMBER 14, 2024

Coordinate with Accounting: Keep the accounting team informed of project progress so they can invoice immediately upon milestone completion if they generate invoices. If operations generates the invoices, ensure the system automates the process if getting that invoice into the accounting system so it's on their radar.

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TaxConnex

SEPTEMBER 15, 2022

If you discover a problem with your accounting system or a significant gap in taxability during a specific period during the audit statute, you will want to avoid sampling that period(s) if possible. For example, you may recognize that you lack the appropriate exemption certificates on file.

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audit Sales Tax auditor 242

Acterys

FEBRUARY 11, 2025

Limited AAD B2B support, single sign on ~ Front end Modelling Web browser-based modeller for business users to build and maintain models.

Approval Workflows 130

Approval Workflows audit Government B2B 130

MyIRSRelief

OCTOBER 2, 2023

Businesses are subject to a variety of tax laws, and accounting and bookkeeping help you ensure that you’re meeting all of your tax obligations. If you ever need to raise money for your business, investors and lenders will want to see that you have a good accounting system in place. To secure funding.

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TaxConnex

NOVEMBER 14, 2023

In this case, you might be able to leverage your existing accounting system. But if you have many products in many states and hundreds of invoices a month, it becomes harder to manage sales tax obligations inside an existing accounting process or even inside an existing eCommerce shopping cart.

Sales 262

Sales Tax Connecticut Colorado 262

Cherry Bekaert

NOVEMBER 1, 2024

The not-for-profit membership association partnered with Cherry Bekaert for a comprehensive diagnostic assessment of its people and technology, which led to outsourced accounting services and the implementation of Sage Intacct accounting system, along with bill pay, expense reporting and budget systems.

Non-Profits 52

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TaxConnex

APRIL 13, 2021

Tax Data Reports - In a perfect world, all your sales tax calculations will be managed in one system and you will be able to produce a single report each month that provides details with all of your sales and use tax liabilities.

Sales 246

Sales Tax E-commerce general ledger 246

AccountingDepartment

DECEMBER 8, 2022

With those spikes, business owners may quickly realize that the accounting systems in place are inadequate when it comes to handling higher workloads. It's not uncommon for newer small and medium-sized businesses to experience spikes in business in their first few years as their products or services catch on.

NetSuite 95

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Cherry Bekaert

NOVEMBER 6, 2023

If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you. Contact us.

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Accounting Seed

MARCH 4, 2025

Accounting is the backbone of your business, but if your team is still relying on outdated or inefficient software, youre likely feeling the pain. When your accounting system starts to slow you down instead of supporting growth, its time for a change. Here are five clear signs its time to upgrade your accounting software.

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CPA Practice

NOVEMBER 11, 2024

Validis : With notable improvements in financial statement ingestion, the ability to read financials from all accounting systems, and a preliminary partnership with Suralink , this audit support product may be the most improved year over year. TeamMate : Provides a suite of audit management and analytics tools.

accounting firms 111

accounting firms Technology accountant Account 111

RogerRossmeisl

FEBRUARY 18, 2024

Gaps for exploitation Your restaurant may have high transaction volumes but lack the technology linking point-of-sale, inventory and accounting systems. To protect your business from ill-intentioned employees, customers and vendors, take steps to fortify your restaurant against fraud. This leaves gaps for fraudsters to exploit.

CPA 127

CPA accounting system Sales Technology 127

Going Concern

OCTOBER 15, 2024

We realize the decision to run maintenance on IRS systems likely isn’t made by anyone who understands deadlines but surely someone who does could inform the IT department of these important dates to prevent shutdowns during critical time periods? It feels like this happens every year. This is fine. A holiday weekend no less!

Tax 69

Tax CPA accounting system accounted 69

Lockstep

MAY 19, 2022

The pioneer in Connected Accounting, Lockstep develops tools and platforms for fintech developers and accounting teams to automate workflows between the accounting systems that are at the heart of all businesses.

accountant 138

accountant Account accounted accounting software 138

Insightful Accountant

OCTOBER 25, 2023

If you are a BPO or CAAS provider struggling with your current desktop or cloud accounting systems to support all of your clients, it might be time to look at NetSuite.

NetSuite 105

NetSuite accounting system Account accountant 105

AccountingDepartment

NOVEMBER 16, 2023

With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors. The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations.

Technology 105

Technology accountant accounted Account 105

Accounting Insight

OCTOBER 24, 2024

The API allows Chaser to integrate with any accounting system, ERP, or CRM, making it easy for companies to embed Chaser into their existing workflows. Integrating with leading business tools Chaser’s open API, launched in 2023, represents a major step in enabling greater flexibility for businesses.

Technology 64

Technology accountant Account accounted 64

TaxConnex

SEPTEMBER 15, 2020

In some si tuations , calculating the sales tax can be done within your existing accounting systems and online shopping carts. An important part of managing sales tax compliance ongoing is to have a process to calculate and report the proper taxes. In other situations, separate sales tax calculation software can be leveraged.

Sales 246

Sales Tax tax consultant cpa firm 246