Accounting Today

JULY 12, 2024

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.

Financial Statements 312

Financial Statements Financial Accounting Accounting Accounting 312

Bookkeeping Essentials

JUNE 19, 2024

Sample financial reports because sometimes a picture is better than words. These bookkeeping reports are a reference point for producing your own financial statements. for those who learn by seeing.

Financial Reporting 98

Financial Reporting Bookkeeping Financial Statements QuickBooks 98

Intuit

AUGUST 30, 2024

They use this data to prepare financial statements, such as income statements, balance sheets, and cash flow statements. These statements provide a comprehensive picture of a company’s financial health, profitability, and overall performance over a specific period.

Bookkeeping 246

Bookkeeping Financial Statements Accounting Accounting 246

Accounting Tools

JULY 8, 2024

What is the Purpose of Financial Statements? The general purpose of the financial statements is to provide information about the results of operations, financial position , and cash flows of an organization. At a more refined level, there is a different purpose associated with each of the financial statements.

Financial Statements 76

Financial Statements Financial Reporting Bookkeeping Tax 76

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.

Financial Statements 316

Financial Statements Financial Accounting Accounting Accounting 316

Accounting Tools

JUNE 14, 2023

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is a Financial Statement Review? How Expensive is a Financial Statement Review? Have stock options been properly measured and disclosed in the financial statements?

Financial Statements 75

Financial Statements Auditing Accruals Financial Reporting 75

Accounting Department

JANUARY 25, 2023

It creates an accurate record of the business's financials that are summarized on its financial statements. The accounting cycle is a multi-step process that involves accepting, recording, sorting, and crediting payments made within a business during a period of time.

Financial Statements 246

Financial Statements Accounting Accounting Financial Reporting 246

Accounting Tools

JUNE 12, 2023

Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is a Financial Statement Audit? A financial statement audit is the examination of an entity's financial statements and accompanying disclosures by an independent auditor.

Financial Statements 76

Financial Statements Auditing General Ledger Bank Reconciliation 76

Counto

DECEMBER 16, 2024

An external audit involves an independent evaluation of a companys financial statements, ensuring they reflect a true and accurate picture of the companys financial health. External auditors are typically certified professionals who are not affiliated with the company and provide an unbiased opinion on the financial records.

Auditing 52

Auditing Financial Statements Financial Reporting Financial Records 52

Accounting Today

AUGUST 23, 2023

The board finalized a new standard aimed at providing more useful information on a venture's financial statements and curbing differences in reporting practice.

Financial Statements 246

Financial Statements Financial Reporting Accounting Accounting 246

Accounting Tools

JUNE 9, 2024

What are General Purpose Financial Statements? General purpose financial statements are those financial statements released to a broad group of users. These statements include the following: Income statement. Who Receives General Purpose Financial Statements?

Financial Statements 52

Financial Statements Expense Reports Auditing Financial Reporting 52

Accounting Tools

JULY 23, 2024

What are the Objectives of Financial Reporting? The objectives of financial reporting cover three areas, dealing with useful information, cash flows, and liabilities. Objective #1: Provide Useful Information The first objective is to provide useful information to the users of financial reports.

Financial Reporting 52

Financial Reporting Financial Statements Bookkeeping Financial Accounting 52

Counto

JANUARY 11, 2025

The return must include up-to-date details such as the companys financial statements, directors, and shareholders. These standards ensure your financial statements are in line with industry regulations and recognised globally. However, they must still prepare financial statements in line with the SFRS.

Financial Statements 52

Financial Statements Financial Records Record Keeping Auditing 52

Nanonets

JULY 25, 2023

Business today face the challenge of managing large volumes of financial data, producing accurate and timely reports so as to draw actionable insights from them. This is where financial reporting automation comes into play. What is financial reporting automation?

Financial Reporting 52

Financial Reporting Data Entry Financial Statements Budgeting 52

Outsourced Bookeeping

OCTOBER 6, 2024

Periodic financial reporting is a fundamental block of financial analysis and management. Limited resources, unstructured accounting practices, and fluctuating financial situations make it challenging for SMB businesses to maintain consistent, timely, and, most importantly, accurate reports.

Financial Reporting 52

Financial Reporting Outsourced Bookkeeping Financial Analysis Bookkeeping 52

Invoicera

MAY 13, 2024

Introduction Retained earnings are an important part of a company’s financial statements and indicate business health. This post will discuss the critical role of retained earnings in financial reporting, a company’s profitability, and growth opportunities. Invoicera is a super helpful tool for businesses.

Financial Reporting 52

Financial Reporting Financial Statements Invoicing Accounting Software 52

Counto

FEBRUARY 22, 2025

Compliance with Singapore Financial Reporting Standards (International) Effective from January 1, 2025, businesses in Singapore are required to adhere to the updated SFRS(I). These standards align with international financial reporting norms, ensuring consistency and transparency in financial statements.

Accounting 52

Accounting Accounting Financial Statements Financial Reporting 52

Compleatable

MARCH 6, 2025

Financial Reporting Data, Data, Data! Gut feelings in assisted living settings cannot be a strategy, good quality reporting has to be in place and trusted. Accurate Reporting : Ensure financial statements (e.g., If you are recording it correctly, let the teams see it.

Accounting 100

Accounting Accounting Revenue Cycle Management Revenue Cycle 100

Accounting Tools

JULY 14, 2024

What is a Financial Statement Compilation? A financial statement compilation is a service to assist the management of a business in presenting its financial statements. When completed, the accountant provides a written report that should accompany the compiled financial statements.

Financial Statements 40

Financial Statements Auditing Financial Reporting Accounting 40

Tipalti

FEBRUARY 27, 2025

Understanding financial statements is essential for accounting and finance team members, CEOs, business owners, creditors, and shareholders. This article provides financial statement basics and some more advanced concepts for complex companies.

Financial Statements 40

Financial Statements Accounting Accounting Financial Reporting 40

Counto

MARCH 18, 2025

Bookkeeping and Financial Reporting Bookkeeping costs depend on factors like transaction volume and reporting frequency. Common bookkeeping services include: Recording daily financial transactions Bank reconciliations Generating financial statements such as profit and loss reports Ensuring accurate expense tracking 2.

Financial Statements 52

Financial Statements Accounting Accounting Bank Reconciliation 52

Counto

MARCH 23, 2024

Understanding Singapore Financial Reporting Standards (SFRS) for SMEs Navigating Singapore’s financial reporting standards is crucial for SMEs. At Counto, we’re committed to simplifying complex concepts like the Singapore Financial Reporting Standards (SFRS) to empower your business.

Financial Reporting 52

Financial Reporting Accruals Financial Statements Corporation Tax 52

Counto

DECEMBER 16, 2024

Streamlining Financial Reporting and Documentation For many SMEs in Singapore, managing financial records and preparing reports is a time-consuming task. ChatGPT can assist in summarising financial documents, creating templates for reports, and organising your records to ensure everything is in order.

Financial Reporting 52

Financial Reporting Financial Statements Bookkeeping Tax 52

Counto

JANUARY 11, 2024

Guide to Filing Financial Statements for Business Owners in Singapore Filing financial statements is a crucial annual requirement for businesses in Singapore. What Do Company Financial Statements Comprise? What Types of Businesses Are Exempt from Filing Financial Statements?

Financial Statements 52

Financial Statements AR Corporation Tax Tax 52

Counto

MARCH 23, 2025

Donor and Grant Reporting Detailed financial reports improve transparency with donors and grant providers, supporting trust and future funding opportunities. Internal Controls and Audits Specialised services help implement robust financial controls, reducing the risk of mismanagement or fraud.

Accounting 52

Accounting Accounting Financial Reporting Budgeting 52

Jetpack Workflow

MARCH 28, 2025

Double-Checking Financial Statement Accuracy When preparing financial statements for clients, it can be helpful to get an extra pair of eyes on your work. Example Prompt to Use Im going to share with you the [financial statement] for this year and the previous year.

Financial Statements 52

Financial Statements Accounting Accounting Data Entry 52

Nanonets

FEBRUARY 9, 2024

ICFR is more than a "check the block" exercise; effective and quality ICFR describes an entire ethos of financial transparency and accountability. The controls prevent fraud and serve as checks and balances to catch human error or missteps when generating or analyzing financial statements.   

Financial Reporting 52

Financial Reporting Financial Statements Auditing Accounts Payable 52

accountingfly

MARCH 27, 2025

TAX AND ACCOUNTING CANDIDATE FTE Tax and Accounting Senior | Candidate ID #23996284 Certifications: CPA Education: BA and MA Accounting Experience (years): 6 years tax and accounting experience Work experience (detail): 3+ as remote tax associate Prepares complex tax returns SMBs, partnerships, trusts, nonprofits Client facing, financial advisory Client (..)

Auditing 52

Auditing 1099 Preparation Tax CPA 52

Accounting Tools

JANUARY 25, 2025

It is a less-commonly used number in the financial reporting of privately-held businesses. How to Derive Outstanding Shares To find the total number of outstanding shares, follow these steps: Go to the balance sheet of the company in question and look in the shareholders' equity section, which is near the bottom of the report.

Financial Statements 75

Financial Statements Financial Reporting 75

Counto

MARCH 23, 2025

Professional accounting services handle routine financial tasks efficiently, freeing up your time. Efficiency in Bookkeeping and Reporting With experts managing transaction records, reconciliations, and financial statements, tasks are completed faster and with fewer errors.

Accounting 52

Accounting Accounting Financial Statements Bookkeeping 52

Counto

MARCH 23, 2025

Staying financially organised and compliant with local regulations is critical, and thats where professional accounting services can make all the difference. From daily bookkeeping to tax filings and financial reporting, these services help SMEs like yours maintain control, make smarter decisions, and grow with confidence.

Bank Reconciliation 52

Bank Reconciliation Financial Reporting Accounting Accounting 52

Counto

NOVEMBER 7, 2024

In this post, we’ll cover some essential accounting practices and tips that can help streamline financial management for F&B businesses in Singapore. Importance of Accurate Bookkeeping and Financial Reporting Accurate bookkeeping forms the foundation of any successful business. Streamline tax filings and avoid penalties.

Financial Statements 40

Financial Statements Accounting Accounting Payroll 40

Counto

FEBRUARY 23, 2025

Understanding Tax and Financial Reporting Obligations Register for Goods and Services Tax (GST) if Applicable Businesses expecting an annual taxable turnover exceeding SGD 1 million must register for GST. Ensure compliance with Singapore Financial Reporting Standards (SFRS) for financial statements.

Financial Statements 52

Financial Statements Financial Reporting Tax Bookkeeping 52

accountingfly

APRIL 4, 2024

Also provided tax estimations and tax planning services to clients in the dental and physician niche Experience reviewing the work of and supervising up to 6 Staff Accountants Client niches: dental practices and physicians, SaaS, biotech, medical startups, clients with inventory Tech Stack: QBO, QBD (limited), Xero, Bill.com, Gusto, ADP, Expensify (..)

Financial Statements 119

Financial Statements Accounting Accounting Payroll 119

Counto

MARCH 23, 2025

Improving Financial Clarity for Strategic Planning Without clear financial visibility, its difficult to set realistic goals or make informed decisions. Accounting services provide structured financial reporting and analysis that supports long-term planning.

Accounting 52

Accounting Accounting Financial Reporting Financial Statements 52

Accounting Today

NOVEMBER 5, 2024

Archer-Daniels-Midland will amend previous financial statements after uncovering accounting issues, prompting the crop trader to cancel its earnings call.

Financial Statements 130

Financial Statements Accounting Accounting Financial Reporting 130

Accounting Tools

JUNE 22, 2024

Other comprehensive income is those revenues, expenses, gains, and losses under both Generally Accepted Accounting Principles and International Financial Reporting Standards that are excluded from net income on the income statement. This means that they are instead listed after net income on the income statement.

Financial Statements 98

Financial Statements Financial Reporting Tax Accounting 98