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Blog posts for Accounting

Tips on Accounts Receivable Management

Posted on May 13, 2014 in Accounting

Every business is in business to make money. No business exists to go broke or fail. Yet, this could be an inevitable result of not getting paid promptly. When customers owe money, you should not have to move heaven and earth to collect what is...

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FASB Proposes to Ease Standards for Development Stage Entities

Posted on March 27, 2014 in Accounting

Based on recommendations from the Private Company Council in July 2013, the Financial Accounting Standards Board issued proposed updates that will improve financial reporting requirements for development stage entities. The proposed changes will...

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What Your Financial Statements Really Mean

Posted on January 17, 2014 in Accounting

The balance sheet is the primary way to determine how well your company is doing financially. You can also use the balance sheet as a road map to determine where your company is headed in the future. You will need to refer to your company's...

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Should You Hire an Accountant to Manage Business Finances?

Posted on December 05, 2013 in Accounting

It is commonplace for business owners to think that they can go it alone and not only manage the business, but also keep track of their books. For some owners, this seems entirely possible. However, if you are an owner who is not good at...

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Hiring the Right Accountant for Your Business

Posted on November 13, 2013 in Accounting

A common misconception of new business owners is that accountants only prepare tax returns. While that is an important part of an accountant's service to your company, a good accountant provides numerous other services as well. When you are hiring...

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Tips for Keeping Accurate Accounting Books

Posted on November 08, 2013 in Accounting

Your company's accounting books are incredibly important for several reasons. First of all, the government may decide to stop by and have a look at your books. If they are not up to date and accurate, then you could have some serious issues to...

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The Accounting Industry 10 Years After Sarbanes Oxley

Posted on October 03, 2013 in Accounting

The erosion of investor confidence in the wake of accounting scandals at WorldCom, Enron and Tyco led to congressional passage of the Sarbanes-Oxley Act of 2002. Generally, the goal of the law was to make improvements to the quality of audits and...

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Balancing Your Accounting Resources with Receivables Factoring

Posted on August 21, 2013 in Accounting

Your enterprise needs access to multiple credit sources. This is especially the case given the most recession, q recession where customers still aren't buying enough and one where customers are still taking way too long to pay their invoices....

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Using Software to Track Accounts Receivable by 1st Commercial Credit

Posted on August 06, 2013 in Accounting

Using Software to Tracks Accounts Receivable When You Have a Factoring Loan To attract new customers and keep existing customers happy, it is often necessary to offer them at least 60 days to pay their outstanding invoices. While that makes for...

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