Accounting Information


Earn more with the help of small business accounting


Handling accounts of any business is a Herculean task and requires quite a lot of expertise on the part of any accountant or bookkeeper. Due to the lack of time and hurry, many big or small organizations are approaching small business accounting firms, as these are more capable and also offer perfect solutions to any firm’s accounting woes.

Trust the Services of Bookkeeping


Running a successful business is no longer a child’s play. Through ages, it has been seen that many people start off with a new business only to shut it down later. This happens only because the proprietor of the business fails to manage the business efficiently and therefore, misses his or her hold on the business.

Earn Huge Profits with the Help of Accountant


Any business, irrespective of its size, wants to earn more profits while curbing or eliminating losses that it has been incurring due to the negligence or shortage of an accountant or a bookkeeper.

Small Business Bookkeeping is a good way to maintain records


Running a business is not a child’s play. Moreover, managing small business bookkeeping is again a Herculean task. We all are very well aware of the fact that managing and maintaining financial records consume lots of time and personnel resources.

Bookkeeping Help Makes Your Bookkeeping Convenient


Do you find accounting the toughest job to handle of all the aspects of your business? Searching for help is the best way to lighten your burden.By bookkeeping help, you can shed-off the excess workload on the bookkeeping firm as they will manage and record your accounting and financial activities.

Bookkeeping Outsourcing helps a business to strategize its growth


A business has many divisions which all add up to its growth and profits. One of the most crucial ones would be the finance division that maintains a detailed account of each and every transaction that takes place during the day to day working of the business.

Surviving an IRS Audit with Minimal Loss


Receiving a Notice of Audit from the IRS is just the beginning of a stressful, worrisome, and possibly even fearful, situation. While you may feel like panicking, that's the last thing you should do!

Starting a New Business? Here are the Accounting Decisions You Need to Make


Starting a new business is exciting, but in that excitement are a lot of decisions to be made.

Account Management - How to Manage Accounts to Maximize Sales


Congratulations! You successfully sold one or more of your company's products or services to a business unit, department, or division of a large organization.

Safeguarding Tax and Financial Records


The IRS recently published a newswire urging people to safeguard their records. IRS Acting Commissioner, Kevin M. Brown stated, "With forecasts calling for an active Atlantic hurricane season, the IRS encourages taxpayers to protect tax and financial documents that can be hard to replace. "

Retail Accounting - Get A Professional Approach


Retail shop is the place, which keeps on doing business activities from the moment of opening until closing. Due to fast business activities and instant transactions, it becomes very difficult to monitor and maintain all transaction.

Small Business Accounting Services Simplifies Your Business Processes


Any business irrespective of size has different requirements and business strategies for the management of its businesses. Whether it is a small, medium or a large scale business, its sole purpose is to make more profits and less losses.

Account Management - How to Manage Accounts to Maximize Sales


Congratulations! You successfully sold one or more of your company's products or services to a business unit, department, or division of a large organization. Now your manager has tasked you with "account management". If you are not already familiar with account management, you are probably asking yourself the following questions...

Optimizing Your Cash Flow With Proper Accounts Receivable Management


Profitable businesses often struggle with cash flow due to poor accounts receivable management strategies. Included in this article are some practices and advice which businesses may employ to maintain a healthy receivables portfolio and optimize their cash flow.

7 Things to Consider Before Buying Small Business Accounting Software


The world of small business accounting software can be a minefield for any business owner. However choosing the right package is one of the most critical business decisions you will make.

Small Business Accounting 101


If you are in business, then guess what you are either an accountant by default or you need to hire one. Why? People ask that question while letting the year roll by until taxes come due. Oh no! Why do I have penalties? Simple, you are not an accountant and you should have hired on. So the first rule of business accounting is to hire one if you are not one.

Business Accounting Software


Accounting is a system of collecting, summarizing, analyzing and reporting, in monetary terms, information about an organization. The end product of business accounting software is the financial statements consisting of the balance sheet, profit and loss account, and statement of changes in financial position. These statements are, therefore, the source of information on the basis of which conclusions can be drawn regarding the operations of a firm. The analysis and interpretation of financial statements would depend upon the nature and type of information available.

Free Small Business Accounting Software


Free small business accounting software primarily focuses on assets. Assets may be described as valuable resources owned by a business, which were acquired at a measurable money cost. As an economic resource, they satisfy three requirements. In the first place, the resource must be valuable. A resource is valuable if it is cash/ convertible into cash; or it can provide future benefits to the operations of the firm. Secondly, the resource must be owned. Mere possession or control of a resource would not constitute an asset; it must be owned in the legal sense of the term. Finally, the resource must be acquired at a measurable money cost. In cases in which an asset is not acquired for cash or a promise to pay cash, the question is what it would have cost had cash been paid for it.

Small Business Accounting Software Reviews


Small business accounting software reviews mainly focus on contents of profit and loss account. It is also known by several other titles such as income statement, statement of earnings, statement of operations and profit and loss statement. While the balance sheet, as a stock/position statement, reveals the financial condition of a business at a particular point of time, the profit and loss account portrays, as a flow statement, the operations over/during a particular period of time. The period of time is an accounting period.

Shared Electronic Medical Billing Knowledge Base For Improved Control, Compliance, And Performance


A new industry of high-technology medical billing has mushroomed under the auspices of its promise to streamline the collections process and leave doctors with more time to care for their patients. Though many high-quality services and systems exist, an overwhelming variety of options and attractive (yet unsubstantiated) performance claims from some providers have charmed busy doctors into making poor strategic decisions for their practices. Collaborative billing knowledge base improves medical practice profitability and compliance.

Best Business Accounting Software


When talking about the best business accounting software, you must first know the relationship between finance and accounting. Conceptually speaking, they are closely related to the extent that accounting is an important input in financial decision making and there are key differences in viewpoints between them. Accounting is a necessary input into finance. That is, accounting is a sub-function of finance.

Small Business Accounting Software


Your business, no matter how small, needs an effective accounting management system to sustain its day-to-day viability and establish its long-term financial goals.

QuickBooks - Invoices vs Sales Receipts - What's the Difference?


Invoices and Sales Receipts do not serve the same function in QuickBooks. Learn how to decide which is right for your business.

Accounting Outsourcing Services - Get Focused On Highly Profitable Ventures


Business owners of booming business organizations know that in order to make their business successful, a great deal of time, endeavor and wherewithal needed to accomplish all day to day tasks. Every task from marketing and sales to financial record keeping must go well as each section is essential for success of business.


More Resources


07/26/2024
Cuba Bans Small Business From Using US Bank Accounts
Cuba has banned its small businesses from using U.S. bank accounts, weeks after the Biden administration granted Cubans access.


more info


07/26/2024
In third act of Anchorage’s accounting ‘cautionary tale,’ a CFO races to close $147M deal
The city nearly missed a critical window to secure huge amounts of capital needed to pay for voter-approved infrastructure projects.


more info


07/26/2024
IRS not fully complying with TikTok ban
The Internal Revenue Service isn't in full compliance with the federal government's guidance for removal of TikTok from devices, according to a new report.


more info


07/26/2024
Alkami Technology Welcomes New Principal Accounting Officer
The latest announcement is out from Alkami Technology (ALKT). Alkami Technology, Inc. has appointed Prerna Sachdeva as the new principal accounting officer, with he...


more info


07/26/2024
IPA 100 Trends: Making Way for non-CPAs and Young Professionals
A look at partnership and staffing statistics over the years shows that the largest firms are making a place for the young people who are the future of the business. While the profession is taking a concerted, multi-pronged approach to increasing the number of accounting graduates and prospective CPAs, IPA 100 firms have had to […]


more info


07/26/2024
Pentagon finds another $2 bln of accounting errors for Ukraine aid
The Foreign Assistance Act's broad definition of value, as well as the lack of explicit valuation instructions for the Presidential Drawdown Authority, have resulted in disparities in military aid reporting.


more info


07/26/2024
DoD finds another $2B accounting 'error' to boost Ukraine aid
It will take more than a little budgetary sleight-of-hand to set the stage for a settlement


more info


07/26/2024
Some countries see encouraging signs in accounting pipeline
The accountant shortage remains an acute challenge in the U.S. and other parts of the globe, but some countries may be experiencing a comeback.


more info


07/26/2024
Startups to Square Off at October Finance & Accounting Technology Expo (FATE)
/PRNewswire-PRWeb/ -- Entrepreneurs and tech visionaries will have a chance to present their groundbreaking business concepts and product ideas in a new pitch...


more info


07/26/2024
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
Jennifer Vandever was sentenced to more than three years in prison after pleading guilty to wire fraud and tax evasion.


more info


07/26/2024
Reflections from a conference host
Denver played host to the AGA Professional Development Training (PDT) in 2024, marking the first time the city had the honor of hosting this prestigious event in many years.


more info


07/26/2024
US Accounting Errors Free up Extra $2 Bn for Military Aid to Ukraine
A US government audit discovered that officials overestimated the value of certain items due to incorrect valuation methods, which amounted to $2 billion worth of additional aid for Ukraine.


more info


07/26/2024
On the move: Hancock Askew appoints CFO
NASBA expands new leadership team; KLR promotes pair of partners; and more news from across the profession.


more info


07/26/2024
CBRE named fund accounting partner for UBS Asset Management’s U.S. direct real estate business
CBRE has announced an agreement with UBS Asset Management’s U.S. real estate and private markets business to provide a range of fund administration and related services for its U.S. real estate and farmland assets.


more info


07/26/2024
ELFA Releases Agenda for Hybrid 2024 Lease and Finance Accountants Conference
The latest accounting and financial reporting issues affecting the equipment finance sector will be the focus of the Equipment Leasing and Finance Association’s (ELFA’s) hybrid 2024 Lease and Finance Accountants conference.


more info


07/25/2024
2 Big Dividend Yielders And My Rant About Accounting
DX and AGNC are more similar than investors think. Read more about the misconceptions investors may have regarding these REITs.


more info


07/25/2024
Ukraine war briefing: Pentagon accounting error creates path for billions more to be sent to Kyiv
Ukraine’s foreign minister calls on Hong Kong to prevent Russia from using region to circumvent sanctions; drone debris lands in Romania. What we know on day 884


more info


07/25/2024
Pentagon finds accounting errors worth $2 billion in aid for Ukraine
Due to the errors, the Defense Department can send a further $2 billion in weapons to Ukraine to cover the amount already approved by U.S. President Joe Biden.


more info


07/25/2024
Pentagon finds another $2B of accounting errors for Ukraine aid
WASHINGTON >> The Pentagon has found $2 billion worth of additional errors in its calculations for ammunition, missiles and other equipment sent to Ukraine, increasing the improperly valued material to a total of $8.2 billion, a U.S. government report revealed on Thursday.


more info


07/25/2024
SF accounting firm owes Mitchell accountant $107K in non-compete dispute, high court rules
The South Dakota Supreme Court affirmed that the accounting firm violated the purchase agreement before the employee violated his non-compete agreement.


more info


07/25/2024
Pentagon finds another $2 billion of accounting errors for Ukraine aid
The Pentagon has found $2 billion worth of additional errors in its calculations for items sent to Ukraine, increasing the improperly valued material to a total of $8.2 billion, a report revealed on Thursday.


more info


07/25/2024
Pentagon Finds Another $2 Billion Of Accounting Errors For Ukraine Aid
The Pentagon has found $2 billion worth of additional errors in its calculations for ammunition, missiles, and other equipment sent to Ukraine, a U.S. government report revealed on July 25.


more info


07/25/2024
Pentagon finds another $2 billion of accounting errors for Ukraine aid
By Mike Stone WASHINGTON (Reuters) - The Pentagon has found $2 billion worth of additional errors in its calculations for ammunition, missiles and other equipment sent to Ukraine, increasing the improperly valued material to a total of $8.2 billion, a U.S. government report revealed on Thursday. The U.S. Department of Defense has faced challenges in accurately valuing defense articles sent to


more info


07/25/2024
Pentagon finds another $2 billion of accounting errors for Ukraine aid
The Pentagon has found $2 billion worth of additional errors in its calculations for ammunition, missiles and other equipment sent to Ukraine, increasing the improperly valued material to a total of $8.2 billion, a U.S. government report revealed on Thursday. The U.S. Department of Defense has faced challenges in accurately valuing defense articles sent to Ukraine due to unclear accounting definitions, a new Government Accountability Office report showed. In 2023, the Pentagon said staff used "r


more info


07/25/2024
Pentagon finds another $2 billion of accounting errors for Ukraine aid
UKRAINE-CRISIS/ACCOUNTING (PIX):Pentagon finds another $2 billion of accounting errors for Ukraine aid


more info



More Accounting Information:

Related Articles

Do You Need Accounting Software For Your Small Business
If you're anything like me then you dislike with a vengeance doing your accounts and taxes.
Do You Think That Your Workload Is Hampering Your Killer Marketing Activities?
You need an extra effort not the extra workload. Today when competition is high and consumers have many options to choose, an extra effort towards improvement of your product, managing your customers and taking care of other aspects of your business will give you advantage over your competition. You need to multiply your time may be you can keep your margin low, but will give you more volume and increase in your turnover.
Explode Your Consulting Income
Here are just a few ways to increase and diversify your income from your consulting business.
Five Leadership Secrets for Challenging Times
We consistently face new and ever growing challenges in the workplace such as reorganizing, downsizing, and "left out sizing." We are faced with the question, "How do we lead in this storm of change?" It may seem difficult at times and the decisions we make define our short-term and long-term outcomes. I will share with you five leadership techniques guaranteed to keep you on track during these difficult times.
Five Reasons to Incorporate a Company Offshore
When it comes to the term 'offshore' used in conjunction with company incorporation, the term 'offshore' generally refers to any jurisdiction other than one in which the company incorporated will conduct the majority of its activities.
Four Simple Steps To Better Results With Your Resume
Is every job description you read the same? No.
How to Choose the Right Accounting Software for Your Business
With any good luck and a good amount of hard work, you're having the same problem many business owners today are facing. Your business is growing rapidly and you're having problems controlling your finances. Time and time again, that Microsoft Excel spreadsheet you've been using just isn't getting the job done for you.
Bookkeeping
Bookkeeping is an essential skill which must be mastered before running a business of your own. It is not only important for tax returns and calculating the overall tax liability of your business each year, but it is also imperative for cash flow analysis and financial forecasting.
See Your Business Excel With Accounting Help
A known fact in the corporate or the business world is that the accountancy department of any firm or organization is the most vital department. When a business is set up, the person setting up the business thinks about the profits that the firm might make in the future.
Why Conventional Financial Statements Do Not Answer All Questions
An integrated understanding all of all the three components of a financial statement - Income statement, Balance sheet and a Cash flow statement is required to understand the operations of any business.
Check Out What A Cash Flow Statement Does Not Tell You
Cash flow statements alone do not tell you the whole story. Just knowing that cash has increased or decreased by X dollars does not tell us the whole story.
Spend Your Profit on Your Business
Businesses go under or go bankrupt, because of poor management and poor mapped out goals. You need to have a clear set of daily goals. Management should be in charge of making sure each set of goals is achieved. If management falls behind, so does the business.
Earn More With The Help Of Small Business Accounting
Handling accounts of any business is a Herculean task and requires quite a lot of expertise on the part of any accountant or bookkeeper. Due to the lack of time and hurry, many big or small organizations are approaching small business accounting firms, as these are more capable and also offer perfect solutions to any firm's accounting woes.
What Is GGAP And Why Is It So Important
GAAP is an acronym for generally accepted accounting principles. Financial statements are usually prepared in accordance with generally accepted accounting principles that have been codified over a period of time. It is the responsibility of the management to prepare the financial statements.
How To Read Financial Statements - Understanding Cash Flows
Cash flows, both inflows and outflows are the heartbeat of any business. Various groups of people focus on this. Lenders and investors, business managers and last but not the least, investors.