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ChatGPT Isn’t Terminator for Accountants…Yet

Going Concern

note: the following is a guest post by Jack Castonguay, PhD, CPA, who has not yet been replaced by ChatGPT as far as we know. Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? Your senior is probably not a synth.

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How to Account for Bad Debts and Record it in Quickbooks Online and Desktop

Ronika Khanna CPA,CA

A bad debt, in accounting terms, refers to an amount charged to a customer that is never paid. The corresponding credit will be applied to a separate account called Allowance for Doubtful Accounts which reduces your accounts receivable.

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ARE ALL ACCOUNTING SERVICES THE SAME?

Basis 365

Basis 365 was created to deliver a unique, outsourced accounting experience to small businesses by providing a virtual accounting department using cloud-based accounting applications. CPA firm : CPAs are generally going to be the most expensive option. DO THEY PERFORM ACCRUAL ACCOUNTING?