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Why now is a great time to try new reports in Xero

Xero

Our new reports now have some really exciting features that will help you get quick access to answers and streamline your financial analysis. a tips and tricks panel in our most used reports with support articles and how-to videos. We’ve had two versions of our reports for a while now — the older version and our ‘new’ reports.

XERO 201
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What Is Balance Sheet Reconciliation?

Nanonets

In this article, we will explore in detail what balance sheet reconciliation entails, the step-by-step process involved, the benefits it offers, and most importantly, five common mistakes to avoid. Balance sheet reconciliation is an essential accounting practice that verifies the accuracy and consistency of financial statements.

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The Comprehensive Guide to Intercompany Reconciliation

Nanonets

Intercompany accounting is significantly more complicated than standard accounting since it requires balancing multiple ledgers, tracking internal/external transactions, forex conversion, performing intercompany eliminations and settlements, and preparing a consolidated financial statement.

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AI Automation for Accounting in 2024

Nanonets

In this article, we dive into what actual AI automation looks like (and why it isn’t as straightforward). These tasks are activities like data entry, invoice processing, and financial analysis, which are crucial for decision-making, operational planning, and risk management. It is heavy on synchronous communication.

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Financial ratio analysis

Accounting Tools

Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Ratio Analysis? Financial ratios compare the results in different line items of the financial statements.

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A Simple Accounting Policies and Procedures Template for 2023

Jetpack Workflow

This article will walk you through the essential elements of an accounting policy and procedure manual and provide a template to help you create one for your firm. Chart of Accounts In this section, you’ll list the company’s general ledger account names and numbers. You can use a simple template as a guide.

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The Best Staff Accountant Job Description Template

Future Firm

Yes, you will get a template for your staff accountant job description and an overview of the role in this article, but before I give this, I want to talk strategy with you. They provide insights based on financial analysis and data interpretation, helping you make informed decisions aligned with your firm’s goals.