Accounting Tools

APRIL 16, 2023

The direct method of presenting the statement of cash flows presents the specific cash flows associated with items that affect cash flow.

Cash Collection 40

Cash Collection Collections Reconciling Financial Statements 40

Accounting Tools

OCTOBER 11, 2023

Under the direct method, actual cash flows are presented for items that affect cash flow. Examples of the items that are usually presented under this approach are cash collected from customers , interest and dividends received, cash paid to employees , cash paid to suppliers , interest paid, and income taxes paid.

General Ledger 40

General Ledger Cash Collection Accruals Financial Statements 40

Accounting Tools

MARCH 2, 2024

Indirect Method To calculate operating cash flow under the indirect method, subtract all depreciation , amortization , income taxes, and finance-related income and expenses from the reported net income of a business. It reports net income of $100,000, depreciation of $8,000, and income taxes of $30,000.

Financial Statements 40

Financial Statements Accounts Payable Accounts Payable Accounts Receivable 40

Nanonets

APRIL 14, 2024

Versapay’s integration with Sage Intacct improves cash collection timeframes and provides a two-way connection between the two platforms. Tax Management Tools Avalara AvaTax Integrating Avalara Tax with Sage Intacct automates sales tax compliance by providing real-time calculation, filing, and reporting capabilities.

AR 52

AR Payroll Data Entry Accounts Payable 52

Accounting Tools

MAY 11, 2023

The direct method requires an organization to present cash flow information that is directly associated with the items triggering cash flows, such as: Cash collected from customers Interest and dividends received Cash paid to employees Cash paid to suppliers Interest paid Income taxes paid The Indirect Method Few organization collect information as (..)

Financial Statements 40

Financial Statements Cash Collection Collections Accounts Receivable 40

Accounting Tools

JUNE 5, 2024

Related AccountingTools Courses Corporate Cash Management Working Capital Management Step 3. Speed Up Cash Collection Have customers send their payments to a bank lockbox, which can accelerate the flow of cash by a day or two. For example, unused real estate still incurs ongoing property taxes.

Collections 40

Collections Invoicing Purchase Order Cash Collection 40

Jetpack Workflow

JUNE 27, 2023

Clients can easily find alternative service providers for tasks like tax preparation or controller services. Stay Diligent on Compliance and Accuracy The regulatory landscape constantly changes, impacting tax plans, business finances, and other accounting matters. From there, it can add more options, like virtual CFO services.

Accounting 52

Accounting Accounting Financial Reporting Cash Collection 52