This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Bookkeepers are responsible for recording all of these transactions into the business’ general ledger, which is then used to create financialstatements like the income statement or balance sheet. Experience with MicrosoftExcel and accounting software like Intuit QuickBooks is also a plus.
XBRL Filing for Companies in Singapore In Singapore, companies are required to file their financialstatements in XBRL (eXtensible Business Reporting Language) format with the Accounting and Corporate Regulatory Authority (ACRA). Who Needs to File FinancialStatements in XBRL Format?
To ensure that financialstatements are accurate and timely, most companies utilize journal entries and detailed checklists for the various tasks that must be completed during the month-end or year-end period. Tracking down invoices from the previous month or year and closing them out can be a a lot to take on.
A simple way to do that is with spreadsheets, using Google Sheets or MicrosoftExcel. Prepare End-of-Year Financial Reports One of the primary services accountants offer is the preparation of a client’s annual financialstatements to display their performance over the year.
A staff accountant primarily serves as a key financial advisor and strategist, overseeing crucial aspects of financial management and various accounting procedures. Advanced skills in MicrosoftExcel for data analysis and financial modeling are highly valued.
The Importance of Expense Reconciliation Expense reconciliation holds significant importance in the realm of finance and accounting for several reasons: Financial Accuracy : One of the primary reasons for expense reconciliation is to ensure the accuracy of financial records.
I think it's gonna be more helpful for the end users than the accountants because it's super-basic information that we can read off of the financialstatements. You can by joining Steve Chase's Excel Bootcamp. Want to learn how? His summer classes run Monday through Fridays from 3:00 p.m. to 4:30 p.m. Central Time.
The most basic audit technique in the book is send a letter to the bank, make sure that those accounts are real, and the amounts are accurate, as of the date of the financialstatements. We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. They didn't even bother to do bank confirmations. They didn't even do that.
We organize all of the trending information in your field so you don't have to. Join 52,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content