SMB Accounting and Consulting

DECEMBER 2, 2020

However, compliance with generally accepted accounting principles (GAAP) is required. GAAP are a set of accounting principles established by the Financial Accounting Standards Board (FASB) to provide clarity, consistency, and comparability of financial reporting and information. What exactly is GAAP?

Accruals 87

Accruals Financial Records Accounting Accounting 87

MineralTree

OCTOBER 5, 2023

The end of month close process plays a vital role in ensuring the accuracy, integrity, and transparency of financial records for businesses of all sizes. Its primary purpose is to ensure the accuracy and completeness of financial records so that financial statements can be prepared for internal and external reporting purposes.

AP 76

AP Reconciling Accruals Accounts Payable 76

Nanonets

APRIL 3, 2024

Picture this: a team of expert bookkeepers diligently managing your financial records and transactions without setting foot in your office. These professionals play a crucial role in ensuring the accuracy and integrity of a company's financial records. Sounds futuristic?

Virtual Bookkeeping 74

Virtual Bookkeeping Bookkeeping Data Entry Bookkeeping Services 74

Accounting Tools

JUNE 20, 2023

Accountants tend to specialize in one of these fields, which leads to the different career tracks noted below. Financial Accounting Those in the financial accounting field are concerned with the aggregation of financial information into external reports.

Accounting 75

Accounting Accounting Financial Statements Auditing 75

Outsourced Bookeeping

MAY 29, 2023

Even though a CPA may comprehend the value of keeping precise financial records, guaranteeing compliance with tax rules can be a difficult undertaking. CPAs can assign work such as bank reconciliations, financial statement creation, and data entry to a group of qualified experts by using bookkeeping services.

Bookkeeping Services 52

Bookkeeping Services Outsourced Bookkeeping Bookkeeping Bank Reconciliation 52

Remote Quality Bookkeeping

JULY 24, 2023

This set of accounting principles provides standard rules and methods for businesses to collect and report financial information. In the United States, the Securities and Exchange Commission (SEC) requires publicly-traded companies to follow GAAP in their financial reporting. What is GAAP?

Financial Reporting 52

Financial Reporting Bookkeeping Financial Statements Accruals 52

Nanonets

JUNE 13, 2024

Best Reconciliation Software Tools Reconciliation software is a tool specifically designed to compare financial data from different sources such as invoices, bank statements, general ledgers, and other financial records. These mean matching across ledgers, bank statements and other Third Party financial statements.

Account Reconciliation 52

Account Reconciliation General Ledger XERO Bank Reconciliation 52