Accounting Seed

DECEMBER 5, 2022

Changing accounting systems can feel intimidating. Even if the legacy accounting system you currently use doesn’t have the features, speed, or power you need, at least it’s familiar. Sometimes though, the benefits of switching to new software begins to outweigh the cost of learning a new system.

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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.

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CPA Practice

FEBRUARY 29, 2024

Announced at Xerocon Sydney , the AI assistant provides new users with relevant answers and information as they set up their Xero dashboard and get started in the product. Using GenAI to onboard customers and support next generation customer service Xero has also rolled out an AI assistant to improve the customer onboarding experience.

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xendoo

APRIL 19, 2021

Here are some of the best accounting systems for Shopify that can help get your business on track. QuickBooks Online is the cloud-based version of the popular and versatile QuickBooks business accounting software. QuickBooks is a popular accounting system for Shopify, but it may not be the best choice for everyone.

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Menzies

OCTOBER 14, 2022

Online access to your accounts at any time from anywhere. Real time information. Direct bank feeds and real time information to support decision making. Find out more about our systems advisory and digital transformation. contact-form-7] The post Should you update your cloud-based accounting systems?

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Menzies

OCTOBER 14, 2022

Online access to your accounts at any time from anywhere. Real time information. Direct bank feeds and real time information to support decision making. Find out more about our systems advisory and digital transformation. contact-form-7] The post Is it time to update your desktop accounting systems?

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FraudFiles

JULY 12, 2021

Without information, a fraud investigation goes nowhere. There are abundant sources of information on people and companies, and the availability of personal information on the internet continues to grow. Remember that customers or vendors of the client might have helpful information that could verify transactions.

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MyIRSRelief

OCTOBER 2, 2023

Accounting and bookkeeping help you track your income and expenses so you can see where your money is going. This information is essential for making informed business decisions. 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.

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Accounting Insight

SEPTEMBER 13, 2024

The difference between the companies that end up leading the market and the ones that fall behind can come down to how informed leaders are before making such decisions. Crucially, these platforms can display this data alongside KPIs to facilitate quicker and more informed strategic decisions. But what does this look like?

Technology 59

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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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CPA Practice

NOVEMBER 10, 2023

It’s common practice for retailers to have their POS systems linked into their accounting systems, where they track information related to business finances including deposits, withdrawals, sales, and more. For accountants, disparate data creates additional headaches and obstacles when working to collect information.

Sales 100

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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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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.

Tax 69

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CPA Practice

OCTOBER 31, 2024

Disparate ways of identifying tax changes: Getting and staying informed is crucial for independent retailers to meet tax obligations. 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 115

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CPA Practice

OCTOBER 31, 2024

We attempt to clarify these classifications and provide actionable insights for structuring an accounting system that aligns with both GAAP and FAR guidelines. We recommend following the convention outlined below for the first character for a government contractor’s chart of accounts.

accountant 120

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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

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.” This aspect underscores the system’s flexibility while maintaining its rigor.

Government 115

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CPA Practice

OCTOBER 2, 2023

As part of a larger effort to improve technology, the Internal Revenue Service has added new features to its Tax Pro Account system that allow tax professionals access to new services to help their clients. Other enhancements will allow tax professionals to view their client’s tax information, including balance due amounts.

Tax 119

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SMBAccountant

DECEMBER 16, 2020

More information regarding these programs can be found at sbir.gov/about. 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.

Government 246

Government accountant Account accounted 246

Withum

AUGUST 2, 2024

During the account setup, Mizuhara translated for Ohtani. According to ESPN, he changed the contact information on the bank account from Ohtani to himself by telephoning the bank and identifying himself as Ohtani, thereby tricking the bank employees into authorizing wire transfers from Ohtani’s account to the illegal gambling operation.

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Withum

NOVEMBER 30, 2023

1099 filing season is approaching, and now is the time to review your vendor information to ensure everything is in order come January. New to 2023 Starting the tax year 2023, if you have ten or more information returns to file in aggregate, you must file them electronically. Let’s break down what you need to know ahead of time.

Start-ups 126

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Withum

JULY 31, 2024

Download a PDF of this case study Executive Summary The Labor Union had several turnovers within their accounting department, causing them to fall into trusteeship due to their financial mismanagement. What began as an urgent reconstruction task evolved into a routine monthly upkeep of their accounting and financial operations.

Bill Payment Platform 52

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Cherry Bekaert

AUGUST 16, 2024

Section 893 required the Secretary of Defense to develop a program for the improvement of contractor business systems to ensure that such systems provide timely, reliable information for the management of DoD programs by both the contractor and the Department.

auditor 64

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Accounting Insight

AUGUST 5, 2024

With these types of tools, you can enhance accuracy and efficiency by automating repetitive processes within the accounting workflow. These are just three examples of the types of tools available to you as an accountant. Stay informed about updates and new features from tool providers to optimise functionality.

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Lockstep

MAY 19, 2022

These manual inboxes promote lots of menial tasks such as manually creating repetitive accounting emails like payment reminders, retrieving transactional data from the accounting software, filing attachments for reference, and organizing emails based on subject and company. For more information, please visit: [link].

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Basis 365

NOVEMBER 14, 2022

Growing businesses need to find the right information to rely on when making business decisions. Yes, your business may have a set of financial statements, but what is that information really telling you? Analysis coupled with graphs and charts complementing the data leads to greater comprehension of key information.

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Acterys

SEPTEMBER 25, 2023

These visual elements are instrumental in conveying financial information effectively. This ensures that the right people — and only the right people — have access to the latest financial information so they can review and collaborate in real time. Acterys supports a range of source systems, including NetSuite, QuickBooks and Xero.

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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 189

E-commerce tax return Tax Sales 189

Basis 365

MARCH 16, 2023

Accurate accounting is essential for any business but vital for eCommerce businesses. Good accounting practices help you stay on top of your cash flow, manage your expenses, and make informed decisions about your business's future. Conclusion eCommerce accounting is a critical aspect of managing an online business.

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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. Some of this mail may be informational but still critical.

Sales 205

Sales Tax E-commerce general ledger 205

TaxConnex

APRIL 13, 2021

Doing some quick research on the internet, you can find information on sales tax nexus, voluntary disclosures, sales tax calculation tools and more. However, the reality is that businesses grow, they acquire other businesses, they change accounting systems, they launch new e-commerce platforms - all resulting in different sales tax processes.

Sales 225

Sales Tax E-commerce general ledger 225

TaxConnex

FEBRUARY 16, 2023

More than half of respondents (58%) use internal resources or their existing accounting system to try to manage their compliance obligations. Reporting sales tax and the amount of information required on each return varies with jurisdictions. Consider one of the lynchpins of a compliance operation: the tax calendar.

Sales 130

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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 accountant Account accounted 98

Withum

SEPTEMBER 23, 2024

Additionally, a proper accounting system, such as QuickBooks, Sage Intaact, or even NetSuite, is crucial for accurate financial reporting and transparency. A quality of earnings engagement will understand your accounting system in detail to identify any adjustments or potential issues a buy-side process may find.

Healthcare 59

Healthcare Sales accrual accounting NetSuite 59

Withum

APRIL 27, 2022

The accounting system is the basis for reports that must be provided to grant agencies, prospective donors, lenders, its independent auditors, tax preparers, the Board of directors and management. . Accurate and timely financial statements are vital to making informed business decisions.

general ledger 119

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TaxConnex

AUGUST 10, 2023

First, you need an accurate tax calendar telling you where you’re registered for sales tax purposes, the filing frequency of each return, the due date, login credentials, method of filing (e-file or paper) and any other information specific to the jurisdictions where you have nexus.

Sales 130

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Accounting Seed

JULY 17, 2024

Previously, their accounting systems were completely outsourced, taking 60 days (sometimes more) to see a financial statement. You’re then able to use that information to make data-backed decisions. I can automate so much now with Accounting Seed, so why have a team? Because it’s beyond that.

Technology 105

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