From bookkeeping to strategic advising, accounting pros have the power to be a financial superhero for small businesses. If that sounds like you, QuickBooks Online Accountant has the tools, training, and community to support you every step of the way. Our team of experts are here to support you 24 hours a day, Monday to…
If you’re big enough that you’re considering a controller but not big enough to need one full-time, an outsourced controller might be the right move. If you’ve ever nixed the idea of outsourced accounting from your list of potential strategies, you’re not alone. Most small-to-mid-size companies consider outsourcing to be an unattainable resource reserved only…
You can also group multiple payments into a single deposit. You can see your current inventory, get smart restocking alerts, and view insights on your products sold as well as expense insights. You can even enter non-inventory products and services. Simplify and automate sales tax calculations (GST, HST, PST, and QST) with QuickBooks. Set Up…
CPAs concentrate on accounting and auditing, CFAs operate in the finance space, focusing on financial analysis and portfolio management, while CFPs are experts in financial planning. The one you choose depends on your area of interest, yet all will provide strong career opportunities and chances for better salaries. The best one will depend on your…
As a result, many companies are now more willing to outsource basic principles revisited complex financial functions. Instead of just outsourcing for bookkeeping services, they are now looking for partners to help them create project valuations, IRR forecasts, cash flows models, and other complex financial functions. Virtual, outsourced, and online are often used interchangeably when…
Errors in accounts payable journal entries can be corrected by identifying the mistake, determining the correct entry, and making a correcting entry. The original entry should be reversed, and a new entry should be recorded with the accurate information. When you receive an invoice or bill, you credit accounts payable to increase the liability and…
Although doing your taxes independently using tax software can save you money versus hiring a professional, working with a CPA has many benefits. Accountants prepare tax returns with much more sophisticated software compared to the software sold to consumers. Accountants may also be more likely to get to know your life situation better, unearthing other…