Here are the documents and calculations we recommend picking up, even if you work with a professional consulting agency or have hired a certified public accountant (CPA). They provide valuable snapshots and measures of your business performance. Your revenue is the total amount of money you collect in exchange for your goods or services before any expenses are taken out. In accounting terms, profit — or the “bottom line” — is the difference between your income, COGS, and expenses (including operating, interest, and depreciation expenses). A business with healthy (positive) equity is attractive to potential investors, lenders, and buyers.
- Whether you’re an accountant, a bookkeeper, or a CPA, accounting blogs are a great way to fill you in on the latest news as well as provide reliable advice and knowledge.
- New technology systems and the addition of cryptocurrency on tax forms are just some of the IRS developments to watch in 2024.
- In addition to the print and online publication, there’s also a podcast and several topic-based newsletters.
- If you limit your accounting to material transactions, you can save time for your business.
- Below, we’ll discuss some common forms of accounting you might encounter.
- Informative blogs are just one resource accounting firm owners can use to help them run their business.
Just as the name suggests, Progressive Accountant is a leading resource for accounting professionals to improve their existing practices, as well as vendors who look to serve that community. This podcast is a curated collection of useful content for finance and accounting professionals that you won’t want to miss out on. As a small business owner, you get the small business accounting and tax information, and on top of that, you can find answers to many business-related questions on their resource pages. It covers a very broad range of topics to help you navigate many aspects of your business and give you reliable answers quickly and efficiently in one place.
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Bookkeeping Side HustleCreated by FreshBooks Accounting Partner Kate Josephine Johnson, this blog is just one component of her side hustle community. Emphasizing that hustle does not mean hobby, her mission is to help fellow bookkeepers do what they love, serve their clients well, and make a living. All of the content on this informative blog is free and paid plans give you access to video content, worksheets, and more.
XO Accountants BlogAbout – XO Accounting provides a full suite of professional services to businesses and individuals. Wolters Kluwer BlogAbout – Read the latest information from the world of tax and accounting at The Word, our Wolters Kluwer blog. Clear Books BlogAbout – https://www.kelleysbookkeeping.com/ covering small business and accountants. The Journal of Accountancy focuses on the most important trends in the accounting industry. It’s also a reliable source of information for individuals preparing for accounting certification exams or hoping to advance their careers in the accounting profession. Jason Blumer runs Thriveal with his partner and he always has awesome content for modern firms on his blog.
Her blog is dedicated to providing up-to-the-moment accounting tips and resources. Written by fellow industry professionals, here are some of the best accounting blogs and vlogs to keep you up to date on the industry. Likewise, this accounting practice management software company also has some good content being posted on their blog as of late. Run by one of the biggest accounting bloggers and accounting professionals, Rick Telberg, CPA Trendlines focuses entirely on public practice.
Though the blog offers guidance on building your business, many articles focus on the benefits of outsourcing your work. It’s a helpful site for teams transitioning to remote work environments or working with contractors. Finding a reliable source that’s right for you is the key. We hope that our review of blogs catering to various readers and offering different types of support helped in picking your favorite platform. That’s right, all finance, economics, and accountancy students from all over the world are strong in numbers and in need of solid information that’ll help them pass their courses at college or university.
The best https://www.quick-bookkeeping.net/s we’ve listed in this post are a great resource for anyone looking to expand their knowledge or even read job-related jokes. For firms and small business owners engaged in, cash flow planning, forecasting, financial reporting issues, accounting and finance, and advisory services, Float is a good blog to check out. Available in both digital and print versions, CPA Practice Advisor is one of the most popular technology and practice management resource for accounting and tax professionals.
Thankfully, Square and PayPal make it easy to accept card payments using your smartphone or tablet. These programs also send your customers’ receipts, reconcile your transactions, and handle returns if necessary. As a freelance writer, I rarely work with clients in person. In fact, I’ve only ever officially met one of my clients — the rest I work with purely over email. Because of that, I collect most of my payments through an online gateway. Depending on the nature of your business, how you collect money will vary.
A Non-Exhaustive List of Reasons Why You Won’t Cut It as a CFO
CPA TrendlinesWhat’s on everyone’s minds when it comes to building a better accounting or bookkeeping firm? Host Rob Brown interviews a who’s who list of industry experts to find out. Future FirmWant someone who’ll give you actionable advice for scaling your accounting or bookkeeping firm? Look no further than Ryan Lazanis, a straight-talking CPA who shares the lessons he learned while building his own modern firm from scratch in only 5 years. Yep, the blog is a bit more straight-laced and covers accounting concepts that’ll help any small business owner. You can also sign up for the newsletter at the bottom of the site.
If you’re looking for the top accounting bloggers or accounting blogs to follow, you’ve come to the right place. From accounting software selection to filing taxes to client relationships, Ignition has the scoop. If you’re looking to improve your accounting game or stay ahead of the curve, this blog is for you. The world of accounting is constantly evolving, so it’s essential for accountants and bookkeepers to be aware of the latest news and trends in the industry. First and foremost, accountancy blogs are read by accountants, bookkeepers, and CPAs (Certified Public Accountants).
Its articles address a range of topics, from regulations to practice management. Accounting Today offers breaking accounting news, insights, and analysis. Its goal is to provide readers with access to the latest developments in accounting practices and to help accounting professionals stay up-to-date in their field. It offers expert advice on accounting practices and trends, plus tips from accounting professionals.
Accounting Today Accounting industry opinion
The only thing it doesn’t show is cash flow — a business can look profitable but have zero dollars in the bank. If a business’s annual revenue exceeds $5 million, it’s required to use the accrual method. The accrual method recognizes revenue and expenses on the day the transaction takes place, regardless of whether or not it’s been received or paid. This method is more commonly used as it more accurately depicts the performance of a business over time. Many business expenses are tax deductions — expenses that deduct from what you owe in taxes.
If you have these abilities, you may be able to do a lot of your accounting yourself. If you need outside help, knowing these skills will help you choose a valuable business partner. If you’re an accountant, remember many of your clients will have the same deadlines. Tax day and the financial year are big markers for the organizations you work with.
Insightful Accountant
I share a lot of his values and his blog is a great place to digest content that helps you run a firm that you love. Plus, LeaseCrunch offers webinar on ASC 842 basics; and other accounting technology news. While property and unemployment insurance taxes are universal in every state, many of the best states for doing business do not have corporate, https://www.online-accounting.net/ sales or individual income taxes. A glossary of all the new or newly popular ways accountants are organizing their practices. Our partners cannot pay us to guarantee favorable reviews of their products or services. MineralTree features thought-leadership style blogs that detail the latest in accounts payable and payment automation.
Accounting Fun
You’ll be expected to analyze information, keeping track of the story your money tells and providing guidance on what to do next. If you studied business, you know that accounting is more than staring at balance sheets all day. There are many different types of accounting that require different skill sets. Your business may need to work with a certain specialty based on their needs. Below, we’ll discuss some common forms of accounting you might encounter.
If your business is an LLC, Partnership, or Corporation, you are required to have a separate business bank account. If you’re a Sole Proprietorship, you don’t have to — but we still recommend it. If you’re just getting started, consider adding your accounting strategy to your business plan.
These blogs have a host of beneficial information and the latest news in accounting directly related to their jobs. But since accountancy is a necessity for so many people, accounting blogs actually gather vast and varied audiences. Informative blogs are just one resource accounting firm owners can use to help them run their business. Learn more about this solution by signing up to receive our free accounting outsourcing strategy and plan. Please share your favorite accounting blogs in the comment section.