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Why Understanding Accounting Will Help You When You Are Applying For A...
What is Accounting About? The first thing to know is that there are three financial reports that you need to get your head around: The Income Statement, The Balance Sheet and The Cash Flow Statement....
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Using a Free Invoice Template
Pricing charts, staffing rotas, and timetables are few examples of word tables used to document financial data. But the widely used invoice template is preferred over other options since it can be...
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Different Options For Small Business Accounting
Often times small accounting business’s do not need the amount of investment for their company. Their biggest challenge is how to manage and maintain their accounts efficiently and most effectively....
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Why Bookkeeping Software is So Important
The process of bookkeeping is burdensome and sometime boring. Small mistake can damage the whole management and even financial position of your business. But computers and latest technologies have made...
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What Should Be On Your Tax Preparation Checklist?
With tax season right around the corner, the last thing you want to do is wait until the last minute to prepare for your tax appointment. Now’s the time to make sure you have your tax preparation...
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Improve Your Business With an Online Bookkeeping Service
In the credit environment each and every business possessors want accurate and timely financial transaction records appropriate for the business. In the present day bookkeeping is better technique to...
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Succession Planning and Selling An Accountancy Practice
Succession planning should not be looked on as something that happens on a particular date in time. Practice succession is a life long process with two main goals. Primarily, its aim is to ensure the...
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Accounting Software Tips To Remember For Home Businesses
Whether you are managing your own small business at home, a medium-sized enterprise, or a large corporation, accounting is a very important aspect. One of the main difference is the type of accounting...
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Basic Understanding of Double Entry Bookkeeping Services
The accounting industry has grown somewhat and it contains some technical words but somehow these words largely ignored by people. Sometimes some big and developed sectors like banking industry do not...
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How to Make Capital Contributions and Owner Draws
One of the most confusing things for new business owners can be knowing how to get money in and out of their company. Most new businesses loose money in the year of its conception. As a result there...
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The Benefits of Online Accounting
Bookkeeping for small businesses can be difficult to maintain and manage amongst the many other priorities that come with running your own business. It is often seen as a tedious task although it must...
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5 Reasons To Fire Your Accountant
How do you know if the accountant you’ve hired is really worth it? A good one will save you money, help organize your finances, and if you run a business, can help you make better-informed decisions....
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Where to Find Easy Invoice Templates For Your Business
It does not matter which kind of business you are in throughout time you will need to create an invoice for goods or services. To keep track of your customers you will need a proper invoice system....
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Large Companies Need to Learn How to Do Business With Small Business
Well, here we go again, as the United States flirts with a full-on recession we find large corporations cutting labor, cutting costs and paying their bills as slow as molasses. Ask any small business...
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Small Business Accounting Firm Ensures Accurate Numbers
When a business is established, the owner tries to fulfill all his dreams and aspirations in the form of this business. A business is not only an entity; it is a dream for many people and people, who...
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SMSF Auditor – Do You Need to Have Your SMSF Audited?
The federal government intends to look at the Cooper Review recommendation on SMSF auditor autonomy to determine whether or not alterations are needed to the current standards. Leon Yap delivers...
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IRS Audit – Not As Scary As You Think
Whenever people talk of the IRS it’s usually followed by some moaning and groaning. Citizens of the United States fear the IRS because they are always worrying about their taxes and if they have been...
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Crucial Functions of General Ledger Accounting
General ledger is also known as nominal ledger and it is the most valuable part of the business, In other words, it is a main accounting record of a business which uses a double entry bookkeeping...
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Using the Cash Method For Tax Accounting
When submitting tax figures to the IRS, there are 2 types of accounting methods to use. The 2 accepted methods are the accrual and cash methods. The business is responsible for choosing which method...
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Reserves and Provisions
In this web article we will also discuss: 1. Nature of Reserves or Provisions 2. Differences between reserves and provisions 3. Secret Reserves Provisions are for known liability or losses, the amount...
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