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Understanding Double Entry and Triple Entry Accounting in the U.S.

Accounting

Understanding Double Entry and Triple Entry Accounting in the U.S.

Double-entry and triple-entry accounting are two methods of recording financial transactions. There are various accounting methods....

By Andrew Smith  |

2024-09-25 10:46:18

How to Improve Cash Flow for Your Business: Actionable Tips

Clash Flow

How to Improve Cash Flow for Your Business: Actionable Tips

Adequate cash flow is essential for business. Business operations cannot continue without cash flow. It also means that your business will become...

By Andrew Smith  |

2024-09-25 10:26:09

10 Benefits of Outsourcing E-commerce Accounting Services for U.S. Small Businesses

Accounting and Bookkeeping

10 Benefits of Outsourcing E-commerce Accounting Services for U.S. Small Businesses

Corporate activities need to be outsourced to maintain an e-commerce business. An e-commerce company must keep track of its finances. It is necessary if it wants to survive, develop, and...

By Andrew Smith  |

2024-09-25 09:56:03

Importance of Audited Financial Statements for U.S. Businesses

Financial Reporting

Importance of Audited Financial Statements for U.S. Businesses

All gatekeepers in financial reporting must recognize their shared responsibilities. The gatekeepers involve auditors, management, and their audit...

By Andrew Smith  |

2024-09-25 08:20:18

How to Streamline Your Financial Reporting Process with Cloud-Based Solutions

Financial Reporting

How to Streamline Your Financial Reporting Process with Cloud-Based Solutions

Financial reporting stands for external or internal consumption. It has posed a considerable challenge and incurred substantial expenses for finance...

By Andrew Smith  |

2024-09-25 08:00:37

Understanding Liabilities in Accounting: Key Examples for Small Businesses

Accounting

Understanding Liabilities in Accounting: Key Examples for Small Businesses

A major component of a small business's financial profile is its liabilities. Liabilities are basically the obligations that a business has to third...

By Andrew Smith  |

2024-09-25 06:29:08

Top 7 Accounting Solutions to Streamline Your Business Finances

Accounting

Top 7 Accounting Solutions to Streamline Your Business Finances

Managing your finances is never easy. A successful business always has efficient financial management in place. Your business should take the financial matters of the management...

By Andrew Smith  |

2024-09-25 06:00:37

CPA vs Accountant Understanding the Costs for Your Business

Accounting

CPA vs Accountant: Understanding the Costs for Your Business

Managing your finances is one of the most important tasks in running your business. And employing the individual or a team for overseeing this task is a difficult decision to...

By Andrew Smith  |

2024-09-24 11:16:44

Accounts Receivable Explained Definition, Examples, and Best Practices

Accounting

Accounts Receivable Explained: Definition, Examples, and Best Practices

The financial carcass of any business is built of AR or accounts receivable. AR refers to the amount of money the customers owes the business...

By Andrew Smith  |

2024-09-24 10:53:26

Choosing Between In-House vs. Outsourced Sales Tax Consultancy

Sales Tax

Choosing Between In-House vs Outsourced Sales Tax Consultancy

Businesses may find it challenging to handle the intricacies of sales tax, especially in the US where local and state tax rules differ significantly....

By Andrew Smith  |

2024-09-24 10:26:33