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Accounting Resources
Effective management of an accounting department involves more than simply tracking finances; it requires a robust workflow management system to ensure tasks are completed on time, correctly, and efficiently. A key strategy in achieving this is scheduling work at regular intervals. By scheduling tasks, organizing workflows, and using the right...
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Published on: 2024-10-27
One of the most critical components of financial control in any business is the separation of financial duties. This practice not only reduces the risk of fraud but also ensures that no one employee has control over the entire financial process. By dividing accounting functions into smaller tasks and assigning...
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Published on: 2024-10-21
What Is Billable Expense Income In Quickbooks Online? Accounting errors can lead to costly mistakes, but what about not knowing that you can deduct certain expenses? If you’re using QuickBooks Online, you may be missing out on an important feature: billable expense income. What is billable expense income in QBO?...
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Published on: 2024-10-13
Q4 Bookkeeping Tasks in 5 Easy Steps The fourth quarter (Q4) is the perfect time to get your books in order. Bookkeeping tasks need to be completed because your year-end accounting will set you up for a successful year ahead. If you’re doing your books on your own, be sure...
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Published on: 2024-10-06
In the world of accounting, having clear and defined fiscal policies and procedures is so important for preventing fraud and enhancing departmental operations. By documenting every detail of your accounting processes, you not only protect your organization against potential threats but you can also streamline tasks, making them more efficient...
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Published on: 2024-09-27
Fraud in financial transactions is a constantly evolving threat to companies worldwide. The Association of Financial Professionals (AFP) and the Association of Certified Fraud Examiners (ACFE) provide informational reports that offer important insights into payment fraud and occupational fraud. The latest data highlights the persistence and evolution of fraud tactics,...
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Published on: 2024-09-20
What is Month End Close and Why Is It Important? You’ve heard the term “month end close,” but what is month end close? How does it help your business and is it even important? A month end close offers you: Clear, accurate financial information Peace of mind if you’re audited...
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Published on: 2024-09-13
6 Questions to Ask a CFO in a Meeting Making the decision to hire a virtual CFO can improve cash flow, allow you to rely on an expert for advice on hiring new staff and increase the value of your business. But if you don’t know the right questions to...
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Published on: 2024-09-06
In previous blog posts we’ve covered the threats posed by fraud, stark realities that can cause significant financial damage if not handled swiftly and with the right tools. Two common forms of these threats are check fraud and email fraud, both of which can exploit vulnerabilities in business operations and...
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Published on: 2024-08-27
Fraud affects businesses of all sizes, with potential losses running into the millions. To protect your business against these risks, internal fraud controls within accounting are essential. These controls not only protect a company’s financial assets but also ensure compliance with regulations, appease investors, and maintain the reputation of the...
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Published on: 2024-08-20
4 Best Accounting Software for Startups What’s the one thing every business needs to succeed? Capital. Over 82% of companies fail because they experience cash flow problems. Hiring an accountant or CFO can help, but even with those roles covered, you’ll need accounting software as an SMB. We help startups...
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Published on: 2024-08-13
5 Qualities to Look for in an Outsourced CFO for Startups A CFO for startups can mean the difference between the 90% of promising companies that fail and the 10% that succeed. Rapid expansion, especially when you have a unique MVP that you want to leverage for initial growth, requires...
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Published on: 2024-08-06
QBO TRAINING We recently published some great tips and tricks when using the Chrome browser with QuickBooks Online, but what about some tips and tricks for QuickBooks itself? If you want to improve your QuickBooks Online knowledge, check out these great resources to up your game! Basic Training You can google...
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Published on: 2024-07-27
Tips and Tricks with Chrome for QuickBooks Online, Part 2 Welcome back! In our last blog we gave some great tips and shortcuts to maximize your productivity and enhance your experience with Google Chrome, specifically tailored for QuickBooks Online (QBO) users. In Part 1, we covered basic Chrome tips that can...
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Published on: 2024-07-20
Here’s When to Hire a CFO for Your Startup Tech startups get a lot of attention – just look at OpenAI – and 15% of the U.S. population works at these startups. While some succeed, many will fail. One of the main reasons for 44% of failures is running out...
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Published on: 2024-07-13