ThomsonReuters

JUNE 9, 2023

The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession.

accountant 98

accountant accounted Account double entry bookkeeping 98

Basis 365

DECEMBER 18, 2023

Accrual accounting is important for many reasons when analyzing the performance of your business but your income statement profit is not the same as your cash flow. In the bustling world of business, financial statement profits may grab the headlines, but it's cash flow that keeps the lights on.

accounts payable 111

accounts payable Non-Profits accounting and finance accrual accounting 111

Basis 365

FEBRUARY 28, 2024

Accountants provide: Ensuring Accrual Accounting: Accountants understand the importance of accrual accounting. Performing the Month-End Close: Accountants play a crucial role in the month-end close process. This paints a more accurate picture of financial performance over time.

bookkeeping 64

bookkeeping accountant accounted Account 64

inDinero Accounting

MAY 1, 2024

Compliance : Consistent financial reporting must comply with accounting standards, regulations, and laws. Accountability : Consistent financial reporting helps hold management accountable for the company’s financial performance. Non-compliance can result in penalties, fines, or legal consequences for the company.

Non-Profits 106

Non-Profits accounting and finance accrual accounting accounted 106

Accounting Seed

NOVEMBER 23, 2022

Managing Accounts Receivable Manually If your accounting system is on a cash basis, AR isn’t an issue. If you use accrual accounting, you record transactions as soon as you earn the money. This requires crunching more numbers than cash accounting, but it gives you a better perspective on your income.

accountant 52

accountant accounted Account accrual accounting 52

SchoolofBookkeeping

DECEMBER 15, 2024

In this Workshop Wednesday, we dive into the intricacies of managing Accounts Receivable (AR) in QuickBooks Online (QBO) and QuickBooks Desktop, addressing common mistakes and offering practical solutions. Understanding these differences and how they apply to your business can significantly impact financial management and tax planning.

quickbooks 52

quickbooks accrual accounting financial statements accounting principles 52

Basis 365

FEBRUARY 1, 2024

Carefully analyze your business activities and consult with an accountant to determine the method that best aligns with your goals and ensures regulatory compliance. In most cases, you should choose accrual accounting. This may require assistance from a trained accountant.

accounting system 59

accounting system accountant accounted Account 59