For small business owners looking for information, a blog on small business accounting can be a valuable resource. These blogs are written by accountants and small business advisors. One such blog is The Intuitive Blog. Harold Averkamp is the founder of this blog. He has created an interactive blog to provide information for accountants. His firm, BDCo, LLP, focuses primarily in putting people before everything else.
5 Minute Bookkeeping
This blog is an excellent resource for both beginners and experienced bookkeepers. The blog is edited by CPA Veronica Masek, who simplifies complex accounting concepts with detailed tutorials. Many topics are accompanied with screenshots or infographics that will help you understand them.
An intuitive accountant
If you're thinking about starting a company, a blog on small business accounting may be useful. It will provide information about the latest accounting techniques and trends. These websites are updated frequently, and they provide valuable insights from experts in the field. Find articles and tips about general ledgers as well as tax management, payroll and merchant services.
GrowthForce
GrowthForce is an accounting firm for small businesses that acts as a virtual department of advanced bookkeeping. The US-based team of specialists includes a bookkeeper, controller and staff accountant who offer comprehensive expertise in improving cash flow and profits.
Control Freak
The Control Freak is the person who refuses to accept the fact that he is wrong. They believe they are superior to all others and have no tolerance for mistakes made by others. They fear that their mistakes will come back to haunt and make them look stupid.
The Fraud Files
Tracy Coenen has created The Fraud Files, a blog about forensic accounting. This blog provides useful information on financial abuse cases as well as how to prepare for an auditor. The blog also contains tips and tricks for financial investigations, anti-fraud training, and becoming an expert witness.
Stefan Topfer
WinWeb, a software firm that specializes in small business, was founded by Stefan Topfer. Topfer is a serial entrepreneur and uses his blog as a platform to share advice and tips for new business owners. His blog covers various topics related to small business including accounting, customer service, and IT. It also includes the Top 5 tips for entrepreneurs each week.
FAQ
What is the distinction between a CPA & Chartered Accountant, and how can you tell?
Chartered accountants are professionals who have successfully passed the examinations required to be designated. Chartered accountants are typically more experienced than CPAs.
Chartered accountants are also qualified in tax matters.
A chartered accountancy course takes 6-7 years to complete.
What is the purpose accounting?
Accounting gives a snapshot of financial performance through the recording, analysis, reporting, and recording of transactions between parties. It allows companies to make informed decisions about their financial position, such as how much capital they have, what income they expect to generate from operations, or whether they need additional capital.
Accountants keep track of transactions to provide information about financial activities.
The organization can use the data to plan its future budget and business strategy.
It is vital that the data are reliable and accurate.
Are accountants paid?
Yes, accountants get paid hourly.
Some accountants charge extra for preparing complicated financial statements.
Sometimes accountants are hired to perform specific tasks. An example of this is a public relations firm that might hire an accountant for a report on how the client is doing.
What should I expect from an accountant when I hire them?
Ask questions about their experience, qualifications, references, and other relevant information when hiring an accountant.
You need someone who has done it before and is familiar with the process.
Ask them if you could benefit from their special skills and knowledge.
Make sure that they are well-respected in the local community.
What is the difference between bookkeeping and accounting?
Accounting is the study of financial transactions. Bookkeeping is the recording of those transactions.
They are both related, but different activities.
Accounting deals primarily with numbers, while bookkeeping deals primarily with people.
Bookkeepers record financial information for purposes of reporting on the financial condition of an organization.
They ensure that all the books are balanced by correcting entries for accounts payable, accounts receivable or payroll.
Accountants examine financial statements in order to determine whether they conform with generally accepted accounting practices (GAAP).
If not, they may recommend changes to GAAP.
Bookskeepers record financial transactions in order to allow accountants to analyze it.
What does it really mean to reconcile your accounts?
Reconciliation is the process of comparing two sets numbers. One set is called the "source," and the other is called the "reconciled."
The source contains actual figures. While the reconciled indicates the figure that should not be used,
You could, for example, subtract $50 from $100 if you owe $100 to someone.
This ensures that the accounting system is error-free.
What does an auditor do?
Auditors look for inconsistencies between financial statements and actual events.
He confirms the accuracy and completeness of the information provided by the company.
He also validates the validity and reliability of the company's financial statements.
Statistics
- BooksTime makes sure your numbers are 100% accurate (bookstime.com)
- Given that over 40% of people in this career field have earned a bachelor's degree, we're listing a bachelor's degree in accounting as step one so you can be competitive in the job market. (yourfreecareertest.com)
- "Durham Technical Community College reported that the most difficult part of their job was not maintaining financial records, which accounted for 50 percent of their time. (kpmgspark.com)
- Employment of accountants and auditors is projected to grow four percent through 2029, according to the BLS—a rate of growth that is about average for all occupations nationwide.1 (rasmussen.edu)
- Given that over 40% of people in this career field have earned a bachelor's degree, we're listing a bachelor's degree in accounting as step one so you can be competitive in the job market. (yourfreecareertest.com)
External Links
How To
How to Become An Accountant
Accountancy is the science of recording transactions and analyzing financial data. Accounting also includes the preparation of statements and reports for different purposes.
A Certified Public Accountant or CPA is someone who has passed an exam and received a license from the state board.
An Accredited Finance Analyst (AFA), an individual who meets certain requirements established by the American Association of Individual Investors. A minimum of five year's investment experience is required before an individual can be made an AFA. To pass the examinations, they must have a good understanding of accounting principles.
A Chartered Professional Accountant (CPA), also known as a chartered accounting, is a professional accountant with a degree from a recognized university. The Institute of Chartered Accountants of England & Wales (ICAEW) has established specific educational standards for CPAs.
A Certified Management Accountant or CMA is a professionally certified accountant who specializes only in management accounting. CMAs must pass exams administered by the ICAEW and maintain continuing education requirements throughout their career.
A Certified General Accountant (CGA) member of the American Institute of Certified Public Accountants (AICPA). CGAs must pass multiple exams. One of these tests, the Uniform Certification Examination or (UCE), is required.
International Society of Cost Estimators' (ISCES) offers the Certified Information Systems Auditor certification. Candidates for the CIA need to complete three levels in order to be eligible. These include practical training, coursework and a final examination.
Accredited Corporate Compliance Official (ACCO), a title granted by ACCO Foundation and International Organization of Securities Commissions. ACOs must hold a baccalaureate or higher degree in business administration, finance, or public policy. Additionally, they must pass two written and one verbal exams.
A Certified Fraud Examiner (CFE) is a credential by the National Association of State Boards of Accountancy (NASBA). Candidates must pass three exams, and get a minimum score 70%.
The International Federation of Accountants (IFAC) has accredited a Certified Internal Auditor (CIA). Four exams must be passed by candidates to receive certification as an Internal Auditor (CIA). They will need to pass topics like auditing, compliance, risk assessment and fraud prevention.
American Academy of Forensic Sciences, (AAFS), gives the designation of Associate in Forensic accounting (AFE). AFEs need to have graduated from an accredited college/university with a bachelor's level in any other field than accounting.
What is an auditor? Auditors are professionals who audit financial reporting and internal controls of an organization. Audits can take place on an individual basis or on the basis of complaints received from regulators.