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All financial reporting methods should be consistent across time periods. This is a promise from the accountant that they’re not trying to mislead anyone. This helps investors trust that the information your business presents is accurate. Create clear processes for recording transactions and events as soon as you start your business. Once you have a set process for documenting and reporting your finances, stick to it. It makes sure that you can compare financial reporting across a company.

• If you’re looking for the top accounting bloggers or accounting blogs to follow, you’ve come to the right place.
• When writing a blog entry, accounting bloggers always have a particular audience in mind.
• It makes it easier for stakeholders to understand and compare performance because it separates it into short periods of time.
• Grow your accounting business while also growing your knowledge and expertise in the field with a free 14-day trial of Jetpack Workflow.
• Here’s how that would be recorded in your financial records before that amount is paid out.
• Host John Garrett believes that taking time to share personal interests helps us all perform better as professionals.

These 15 terms will create the foundation on which you’ll build your knowledge of business accounting. While some of these terms might not apply to your business right now, it’s important to develop a holistic understanding of the subject in case you expand or move into another type of business. Regardless of how you manage your business accounting, it’s wise to understand accounting basics. If you can read and prepare these basic documents, you’ll understand your business’s performance and financial health — as a result, you’ll have greater control of your company and financial decisions. Many small business owners do a combination of bookkeeping and accounting. If you’re in charge of accounting, it’s not just numbers and receipts.

Accounting News

Our newspaper provides the most important business news stories, with a focus on accounting and finance. Whether you’re an accountant or business professional, we hope you’ll find our newspaper to be a valuable resource. Powered by Intuit, Firm of the Future is your must-read blog if you are looking for expert advice and become an innovative firm of future.

CPA Practice Advisor also provides its viewpoints on workflow, firm management, customer relationship, and many more topics. Topics range from small business surveys to payroll and tax advice, and there’s a special focus on technology and how it relates to the work that CPAs do. As the name suggests, Insightful Accountant focuses on information for accountants and bookkeepers. Along with providing insight into business-building practices, TOA Global also focuses on writing articles about the benefits of outsourcing work. For many professionals, Blake Oliver’s blog is a go-to for tips, tricks, and guidance. The topics range from simple accounting concepts to those that are more in-depth that an accounting professional is likely to need.

I think about your advice, and I realize that your opinion how much crucial for any professional Accountant. 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.

Australian Taxation Office

So if you’re looking for an educational approach to accountancy blogs, that’s our pick. Insightful Accountant is an independent source of news with updates that can help many in the industry, in particular, if you’re an accountant, a bookkeeper, or a small business advisor. I’m an entrepreneurial CPA that founded Xen Accounting, a 100% cloud-based accounting firm, in 2013. Following its acquisition in 2018, I started Future Firm to help accountants fast-track the growth of a modern, scalable accounting firm of their own.

Although the web design may not look as clean as other blogs on this list, their post quality is up to snuff. Even if you opt to use accounting software or hire a professional, use the tips we’ve reviewed in this guide to understand accounting basics. A fiscal year is the time period a company uses for accounting. The start and end dates of your fiscal year are determined by your company; some coincide with the calendar year, while others vary based on when accountants can prepare financial statements. These tools are how most small businesses manage their accounting. Automation tools save businesses and accountants time by limiting the amount of time they spend on data entry.

AccountingFly The Accounting Industry’s Career Community

The Journal of Accountancy is one of the top accounting blogs and publishes posts weekly. Accounting Today provides its readers with the latest developments in accounting practices and aims to help accounting professionals get up-to-date information within the industry. Written by fellow industry professionals, here are some of the best accounting blogs and vlogs to keep you up to date on the industry.

• Whether you’re looking for books on management, marketing, or entrepreneurship, we’ve got you covered.
• This is a fantastic option if you have mounds of old paper receipts lying around, more client invoices than you know what to do with, or graphic design documents that showcase your work.
• While AccountingWEB is based in the U.S., many of its blog posts are non–region specific, meaning the information in them can apply to readers anywhere.
• If you don’t feel like these skills are your strongest areas and you run a business, you may want to seek out help to manage your accounting.
• So the concept of a tax or bookkeeping career has piqued your interest, huh?

If the nature of your business is seasonal, you can tailor different factors like the frequency of your evaluation to this cycle. For instance, you might require more reviews of your accounting process during high season, and fewer during slower months. Not only can you invoice clients through these programs, but you can also conduct bookkeeping, payroll, and other accounting tasks. These charge fees, though, so consider that when making your decision. The cash method recognizes revenue and expenses on the day they’re actually received or paid. This method is the simplest for small businesses because it doesn’t require you to track payables or receivables and reflects whether or not your money is actually in your account.

Submit and pay your tax liabilities at least two weeks before the deadline (income tax and payroll taxes)

AccountingWEB is one of the leading online communities for CPAs and accountants, offering insights, news, and ideas from accounting industry leaders. Most of their content is focused on technology, CPA practice, and tax. If you want to stay up to speed with the state of the accounting industry, AccountingWEB is worth following.

This facilitates accurate financial reporting and helps detect discrepancies or errors, ensuring the integrity of your financial data. Bank reconciliation features help you efficiently manage your income and expenses by comparing your transaction records to your bank’s records. Keeping track of project expenses is important to ensure accurate cost allocation and budget management. An intuitive interface with clear navigation and easy access to key features is crucial and ensures that you can focus more on your design projects rather than struggle with complicated accounting tools. Any miles spent on the road for work will automatically be added to your account and included on expense reports.

Ecommerce platforms like Shopify, BigCommerce, and WooCommerce often provide built-in payment gateways. These are always the easiest to adopt as they’re already integrated with your website. Collecting money in person (at a storefront, marketplace, etc.) can get pricey. Between equipment, credit card fees, and handling physical cash, it can be a hassle.

We’ll discuss how accounting principles can make your business more profitable, and how you can use financial reports to make better business decisions. With blogs, information is just a click away on your smartphone or desktop, that makes it a preferred choice of learning. Research suggests that factor accounts receivable assignment without recourse 77% of Internet users read blogs to find information and learn. Grow your accounting business while also growing your knowledge and expertise in the field with a free 14-day trial of Jetpack Workflow. The Journal of Accountancy is an invaluable resource and a leader in its field.

Accounting Blogs to Improve Your Financial Understanding

Bonsai is specifically designed for freelancers and graphic designers with high workloads. It offers project management, invoicing, and time tracking, among other features. Neat is focused on simplifying bookkeeping tasks and can be integrated with other accounting software tools. Zoho Books offers an easy-to-use accounting solution with customizable reports, seamless time tracking, and free invoicing for graphic designers.

Blake Oliver’s blog has many online resources for accounting professionals who want to stay up to date with industry trends, accounting news, and the latest regulations. In this article, we review some of the best accounting blogs tax professionals should have in their arsenal. Stay informed with this list of blogs, podcasts, and resources for small business accounting professionals. Another interesting forensic accounting blog is Phillips & Cohen, run by the titular attorneys.