SMBAccountant

AUGUST 26, 2020

Receipts, emails, contracts, timecards… the list of items a small business must maintain as documentation goes on and on! When a small business enters the world of government contracting, the risk associated with maintaining supporting documentation increases significantly. Does your documentation prove that?

Government 100

Government Account accountant accounted 100

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?

accounting system 59

accounting system general ledger Account accountant 59

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

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 Account accountant accounted 105

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 Account accountant 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

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 126

Technology Construction accounting system payroll 126

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 Account accountant accounted 59

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.

Account 138

Account accountant accounted 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 Account 52

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

Non-Profits Technology audit accounting system 52

ThomsonReuters

NOVEMBER 26, 2024

Secure client portals are used to gather documents such as W-2s, 1099s, and financial statements digitally, allowing clients to upload tax documentation directly to tax preparers. With digital tools, accountants no longer have to juggle physical paperwork and manual data entry, thus minimizing the risk of human error and lost files.

Technology 52

Technology accounting firms Tax tax preparation 52

Basis 365

NOVEMBER 14, 2024

Manage Scope Creep: Ensure that any changes to the project scope are documented and billed accordingly. Coordinate with Accounting: Keep the accounting team informed of project progress so they can invoice immediately upon milestone completion if they generate invoices. Not all billing and accounting systems automate fee.

accounting system 59

accounting system B2C Account accountant 59

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

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 119

Technology accounting firms cpas Account 119

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 115

Government general ledger audit accounting system 115

Nancy McClelland, LLC

JANUARY 12, 2025

. “What is an IRS Account Transcript and Why Do I Need One?” ” During the pandemic, we began requiring all clients to submit a copy of their IRS Account Transcript along with their Tax Organizer and other annual tax prep documentation. account, the ID.me Please do not ever email sensitive documents.

Tax 52

Tax tax return Account accountant 52

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 Account accountant accounted 100

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 100

Sales business tax Tax tax preparation 100

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.

Account 100

Account accountant accounted accrual accounting 100

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 98

Technology CPA accounting system Tax 98

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 98

bookkeeping auditor audit quickbooks 98

Withum

JANUARY 23, 2025

It is an essential document that outlines your basis for depreciating the property, the potential taxability of the sale, and the amounts that will be deposited or withdrawn from your bank account. Lets outline the fundamentals of closing statements, including their importance and how to read this document.

Real Estate 52

Real Estate accounting and finance Finance Sales 52

CPA Practice

MAY 23, 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 92

Technology CPA accounting system Tax 92

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 Account accountant 105

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

Basis 365

MARCH 25, 2025

It involves a thorough examination of all financial statements and supporting documentation to ensure accuracy, completeness, and compliance with accounting standards. It involves locking the accounting system to prevent any further changes to the finalized figures for the month.

general ledger 52

general ledger financial statements accounts payable bookkeeping 52

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 111

Non-Profits Technology bookkeeping accounting software 111

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 Account accountant 59

Basis 365

DECEMBER 23, 2024

Ensure Timely Reconciliations Outsourced bookkeepers prioritize timely account reconciliations, reducing the risk of discrepancies that could affect financial reporting or decision-making. Experienced Team Our expert bookkeepers ensure your accounts are accurate and up-to-date.

bookkeeping 52

bookkeeping Account accountant accounted 52

PYMNTS

JANUARY 22, 2019

Crowe is addressing this friction with the rollout of its Crowe Automated Reconciliation for Healthcare tool, providing hospitals a three-way match solution between their general ledgers, patient accounting systems and banking providers.

Hospitality 73

Hospitality general ledger Healthcare Technology 73

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