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E-commerce accounting risks
Accounting

The Most Common Risks in E-commerce Accounting

E-commerce is currently bringing about fundamental changes in the way businesses are conducted. The ongoing advancement of technology, internet economics, and the growth of e-commerce are all having a big impact on the traditional corporate environment. E-commerce is altering the competitive market and allowing a significantly bigger number of enterprises to engage in international trade. With this advancement comes a number of risks in running an e-commerce business

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Difference between bookkeeping and accounting
Accounting

Bookkeeping Vs Accounting: Key Differences

Bookkeeping and accounting are two key components of every business’s operations. Both of these responsibilities assist business owners and CEOs in keeping track of spending, making sound business decisions, and potentially avoiding significant concerns like fraud and embezzlement. While the responsibilities of bookkeeping and accounting are extremely similar, there are considerable variances between these two jobs.

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Accounting cycle steps
Accounting

8 Essential Steps in the Accounting Cycle

Managing your internal accounting cycle and bookkeeping is an important component of running a small business. Creating a clear picture of your company’s financial health might be difficult, but with an awareness of the accounting cycle and simple accounting tools, you can come prepared and keep doing what you love.

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High-quality accounting and bookkeeping
Accounting

Essential Signs of Quality Accounting and Bookkeeping Services

The beauty of outsourced bookkeeping services is that they provide your company with year-round on-demand access to a wide selection of financial experts, bookkeepers, and accountants, allowing you and your team to focus on what really counts — pushing your business to the next level. What characteristics of a good bookkeeper should you look for before hiring one? This is a question on the minds of many business owners who want to make the best decisions for their company’s future.

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Construction accounting
Accounting

Construction Accounting 101: What Contractors Need to Know

The success or failure of any construction job is based on profit. Profit margins are razor-thin in construction. Job costing helps you project job expenses to identify problems before they affect profit. Can work be completed with the money and budget available? What are the risk factors on the job? What do you need to do to succeed?

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Ask questions when hiring a CPA
Accounting

14 Important Questions You Should Ask When Hiring A CPA

Before you choose a Certified Public Accountant (CPA) or an accounting firm for your company, sit down and talk with them face to face. Get to know the individual you will be working with and who you will most likely rely on for sound tax guidance. Asking the correct questions will provide you with a wealth of information about your future accounting and tax partner.

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Choosing a small business accounting software
Accounting

How To Choose An Accounting System for Your Small Business

Do not rush the purchase of your accounting software. Different products may all appear the same, but they do not offer the same capabilities. If you purchase the incorrect accounting software, you will have squandered more than just your money. You will also have wasted a significant amount of your own time. And, as a small business owner, your time is one of the most valuable resources you have.

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Hiring a small business CPA
Accounting

How to Find the Right Accountant for Your Small Business

Getting to grips with accounting – or hiring a professional to handle it for you – is an essential component of staying on top of cash flow, tax, and other business financial problems. Not knowing where to look is a major stumbling block for many companies, but putting off the search for a small business CPA can raise risks such as fines or an IRS audit.

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Identify financial mistakes to avoid them.
Accounting

8 Biggest Financial Mistakes Businesses Should Avoid

Keeping track of your company’s finances is just as vital as attracting new clients and satisfying old ones. However, if you’re like most small business owners, bookkeeping and money management aren’t your strong point. You can stay ahead of the competition if you avoid these eight most common business money mistakes.

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