TaxConnex

SEPTEMBER 15, 2022

Once hit by an audit notice, companies often fail to immediately assess their sales tax records and documentation – which in some companies is poorly organized and hard for an auditor to interpret. Documentation typically required can include invoices, exemption certificates , summary reports, tax returns and more.

audit 242

audit Sales Tax auditor 242

Withum

FEBRUARY 15, 2022

As government contractors prepare to bid on a proposal for a governmental contract that requires an adequate accounting system, a pre-approval known as a “pre-award survey” (Form “SF1408”) assesses the adequacy of a government contractor’s accounting system prior to the award of a cost-reimbursable contract. Contact Us.

accounting system 72

accounting system Government accounted Account 72

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. These controls will also have to be reviewed periodically and tested to ensure proper operation.

Sales 264

Sales Tax E-commerce general ledger 264

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.

accounting system 59

accounting system accounted Account accountant 59

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. Vote Today!

Technology 118

Technology Construction accounting system payroll 118

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. These deficiency notices generally have very tight time frames by which you must respond – 5 days, 10 days, etc.

Sales 246

Sales Tax E-commerce general ledger 246

Lockstep

MAY 19, 2022

Stop chasing down information with a 360-degree view of customer and vendor activity history, transactions, contacts, and documents. Lockstep Inbox allows an accounting team, regardless of size, to cut in half the time it takes to get to inbox zero.

accounted 138

accounted accountant Account accounting software 138

Cherry Bekaert

JUNE 27, 2024

If significant system deficiencies are identified and not corrected, the DoD can impose substantial consequences, such as withholding a percentage of payment or deeming a contractor ineligible to submit bids. Table of Contents: What Are the Requirements for an Adequate Accounting System?

accounting system 52

accounting system Government audit accountant 52

CPA Practice

APRIL 17, 2023

Categories for this year’s awards range from online tax, research and accounting systems, to remote engagement, practice management, document automation, workflow tools, apps for collaboration, mobile productivity and more. About 40% of our 5,000+ voters cited use of such systems, but most (apx.

quickbooks 130

quickbooks payroll Technology audit 130

Lockstep

MAY 19, 2022

Even IT has a solution like JIRA to manage tickets and status of requests, but accounting has been left with manual solutions. Today, email is the number one way that accounting professionals work customers and vendors in their drive towards digitalization. This is where Lockstep Inbox comes in. Lockstep Inbox and Collaboration.

accounting and finance 114

accounting and finance accounting system accounts payable Start-ups 114

TaxConnex

APRIL 11, 2023

Not having good paperwork - Once hit by an audit notice, companies often fail to immediately assess their sales tax records and documentation – which in some companies is poorly organized and hard for an auditor to interpret. Documentation typically required can include invoices, exemption certificates, summary reports, tax returns and more.

audit 130

audit Sales Tax auditor 130

SMBAccountant

NOVEMBER 4, 2020

The core of a total quality management is to say what you do, do what you say, and have documentation to back it up. Often when people think about quality management, they think about the quality of their deliverables, such as passing an inspection or being within tolerance, but quality effects all your business systems, and your bottom line.

Government 100

Government accounted accountant Account 100

CPA Practice

MAY 15, 2024

From online programs for tax and accounting functions, to document automation and workflow management processes, as well as tools for collaboration, mobile productivity and office hardware. About 39% of our 5,000+ voters cited use of such systems, but most of those (apx. WINNER: TheTaxBook – Tax Materials Inc.

Technology 114

Technology accounting firms cpas accounted 114

CPA Practice

NOVEMBER 11, 2024

Audit Intelligence Analyze is an AI for risk analysis that automates transaction analysis and enhances audit quality by focusing on high-risk areas while saving 30-120 minutes documenting sample selections. Materia : Analyzes client documents and understands the guidance. TeamMate could be a replacement for DataSnipper. Mangodoc.ai

accounting firms 98

accounting firms Technology accounted accountant 98

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.

accounted 100

accounted accountant Account accrual accounting 100

CPA Practice

JUNE 19, 2024

government contracts account for over $700 billion annually , a significant portion of which hinges on the ability for contractors to “establish and maintain an acceptable accounting system” which includes “timekeeping” and “labor distribution.” By Jim Wesloh U.S.

Government 100

Government general ledger audit accounting system 100

Withum

DECEMBER 2, 2024

What Is Cash Basis Accounting? Cash basis accounting is a straightforward method in which revenue and expenses are recorded only when cash is exchanged. In other words, transactions are documented when money moves in or out of the bank account.

accrual accounting 105

accrual accounting accounted Account accountant 105

PYMNTS

DECEMBER 29, 2020

Automation is key to driving efficiencies for both buyers and suppliers, but achieving it can be a headache, particularly when purchase orders or invoices are submitted as paper or PDF documents. APIs have similarly become valuable tools to automate reconciliation and accounting via interconnectivity between AR, AP and accounting systems.

B2B 114

B2B Technology accounts payable accounting and finance 114

xendoo

MARCH 4, 2022

Many ecommerce owners understand the importance of making sales, but do you know how to record ecommerce sales for your accounting system? However, it can be challenging to set up an ecommerce bookkeeping system. Sales invoices are documents that provide records that show every sale made.

Sales 105

Sales bookkeeping accounted accountant 105

CPA Practice

MAY 24, 2023

Categories for this year’s awards range from online tax, research, and accounting systems, to remote engagement, practice management, document automation, workflow tools, apps for collaboration, mobile productivity, and more.

Technology 83

Technology CPA accounting system Tax 83

Airbase

NOVEMBER 15, 2023

At its most narrow, these steps include invoice verification, processing and approval, issuing payments to suppliers or vendors, and recording the payments in the accounting system. Include document capture and imaging features to convert paper invoices into electronic documents. Using AP automation software.

AP Automation 130

AP Automation Technology accounts payable Accounts Payable Automation 130

TaxConnex

AUGUST 10, 2023

Changes in deadlines are often sent via notices, documents that have their own deadlines for your response. Other correspondence from jurisdictions can include notifications of law and tax rate changes, blank tax forms, account changes and inquiries regarding previously filed returns. Should you outsource?

Sales 130

Sales Tax tax return payroll 130

CPA Practice

APRIL 19, 2023

It should go without saying, but it’s important to hire accountants, auditors, and financial risk professionals that can create policies to safeguard your organization from both internal and external fraud, and ensure that you at least know where your assets are. Don’t use just any accounting system.

bookkeeping 83

bookkeeping auditor audit quickbooks 83

CPA Practice

NOVEMBER 10, 2023

Give guidance to clients and make their POS system work for them POS systems tailored to specific business needs – for example, a POS system that supports retailers that only focus on pets and pet supplies – can provide both operations support, as well as increased visibility into the company’s sales.

Sales 74

Sales business tax Tax tax preparation 74

Accounting Insight

AUGUST 5, 2024

Real-time access to shared documents and communication platforms streamlines workflows and strengthens team dynamics. Remote Accessibility Cloud-based tools provide accountants with the flexibility to work from anywhere with an internet connection. These are just three examples of the types of tools available to you as an accountant.

accounting firms 59

accounting firms Technology accounted Account 59

Acterys

SEPTEMBER 25, 2023

Whether you need to create income statements, balance sheets, cash flow reports or other financial documents, Power BI provides the tools to visualize your data in ways that are insightful and aesthetically pleasing. These visual elements are instrumental in conveying financial information effectively.

financial statements 130

financial statements NetSuite quickbooks accounting system 130

Xero

APRIL 16, 2023

The ability to send and receive invoices directly between accounting systems (and eliminate the need for manual, error-prone PDFs sent via email) offers some very exciting benefits. Peppol is a secure, global network that simplifies the exchange of electronic documents.

Non-Profits 106

Non-Profits Technology bookkeeping accounting software 106

Cherry Bekaert

FEBRUARY 23, 2024

Funds must be committed for an eligible use through a contract, purchase order, subaward or an alternative binding document. This is the balance of the funds not included in a contract, purchase order, subaward or an alternative binding document. Identify the terms and conditions and specific requirements related to obligations.

Government 75

Government accounting standards payroll audit 75

Airbase

NOVEMBER 29, 2023

6) Seamless system integration. Assessment and mapping: Integration with financial systems: Document capture and validation: Exception handling: Mobile accessibility: Real-time notifications: Audit trails and reporting: Integration with payment systems: Continuous improvement: Early -payment discounts: 9) Leverage real-time analytics.

AP Automation 130

AP Automation Technology accounts payable AP Processes 130

Ryan Lazanis

MAY 24, 2023

For kicks, here’s the oldest Xero screenshot that can be found on record (from 2007): Here are some tips to leveraging cloud computing in accounting: Tip 1: Become Cloud Accounting Certified Master the popular cloud accounting systems , like Xero or QuickBooks Online, by becoming certified on their platforms.

Technology 98

Technology accounted Account accountant 98

Lockstep

JUNE 22, 2022

Lockstep Inbox creates an online workspace so there’s one place for your accounting team to work together, manage shared activities, and directly connect with customers and vendors. Lockstep Inbox automatically organizes emails and documents by subject and issue for specific vendors, customers, and transactions.

Start-ups 88

Start-ups accounting system Account accounted 88

Withum

MARCH 28, 2022

Withum’s Outsourced Accounting Systems and Solutions (OASyS) Team stepped in to assist the real estate company with their accounting and bookkeeping needs after building a great rapport with management from a prior one-off tax project. Developed a document request list based on the current financial statements.

Real Estate 81

Real Estate accounts payable bookkeeping accounted 81

CPA Practice

FEBRUARY 2, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review Hubdoc , an online tool that helps businesses and firms digitize and automate the management of financial documents, receipts and invoices, and import them into accounting systems. Use the player below to listen to the podcast.

Technology 52

Technology CPA accounting system Account 52

Lockstep

AUGUST 3, 2022

When you are just starting out, using email to manage the inflow of communications and documents to/from customers and vendors makes sense. Lockstep Inbox can automatically organize emails and documents by subject and issue for specific vendors, customers, and transactions. This might help you get paid a bit faster.

accounted 81

accounted accountant Account accounting and finance 81

PYMNTS

JULY 31, 2019

Developed in 2016, the acompay platform integrates with enterprise resource planning or accounting systems and supports check, automated clearing house (ACH), and card payments. ACOM Solutions is proud of the innovative AP automation platform we’ve built with acompay,” said Patrick McMahon, CEO & President of ACOM Solutions, Inc.

Accounts Payable Automation 76

Accounts Payable Automation AP Automation accounts payable accounting and finance 76

Cherry Bekaert

APRIL 19, 2023

In this sixth episode of Cherry Bekaert’s podcast mini-series on each of the six Contractor Business Systems, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, and Brendan Halloran , a Senior Manager in the Firm’s GovCon practice who previously was a Divisional Administrative Contracting Officer (DACO) (..)

audit 74

audit Government accounting system Account 74

Menzies

SEPTEMBER 6, 2024

Accounting systems The COFA should review, on an annual basis, the accounting systems for compliance and ensure they are appropriate, up to date, documented and available to all members of the team. Up to date systems notes will assist your employees and managers and in particular any new legal cashiers.

accounting and finance 64

accounting and finance chartered accountant Finance accounting system 64