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Understanding Cash vs. Accrual Accounting

Withum

The simplicity of cash basis accounting is one of its main advantages. 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.

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Choosing the Right Accounting System for Web Designers

Steve Feinberg

So, when it comes to finding shortcuts and other ways to keep the contracts coming in, accounting systems for web designers can help keep your workflow on track and ensure you get paid when you need to. Here are a few key features to consider before deciding on the right system for you.

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Unlocking the Power of the Audit Log in QuickBooks Online: What You Need to Know

SchoolofBookkeeping

When it comes to managing your accounting system, the Audit Log in QuickBooks Online (QBO) is the unsung hero you didn’t know you needed. The Audit Log in QBO is your backstage pass to understanding all the changes made in your accounting system. What is the Audit Log? How Does It Compare to QuickBooks Desktop?

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Pros and Cons of Cash-basis Accounting

Patriot Software

If youre a small business owner, you may prefer the simplicity of cash basis as opposed to accrual or modified cash-basis accounting. But before solidifying your decision, learn the pros and cons of cash-basis accounting. Accounting methods overview The two main accounting […] Read More

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Stripe App Marketplace: Synder is Featured in Two Main Categories

Snyder

Today we’re even more thrilled to announce that Synder is now not only available through Stripe App Marketplace , but is currently featured in two main categories: Accounting and Data and analytics ! Direct synchronization with your accounting software. What else does Synder have to offer? Well, fasten your seat belts!

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Growing Your Ecommerce Business with an Inventory Manager

Basis 365

On the other hand, an inventory manager directs their attention to the actual product, managing order quantities, re-order dates, purchase prices, vendor relationships, and tracking costs in the accounting system and COGS. One of the main differentiating factors between these two positions is the understanding of backend accounting.

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What is Fathom's Goal Seek?

Basis 365

Configuration is Critical Fathom will need to be connected to your accounting system to pull in the data required to perform the calculations. Although connecting to your accounting system is easy, most accounting system’s chart of accounts are not set up in a way that Fathom will need to truly harness its power.