Foundational Knowledge in QuickBooks Online QuickBooks Online (QBO) is one of the most popular accounting software platforms available today. It’s widely used by many businesses to manage financial transactions, track expenses, and generate reports that offer insights into the business’s financial health. In prior blogs, you have seen what it can do, but let’s take […]
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The Importance of Workflow Management in Accounting Effective management of an accounting department involves more than simply tracking finances; it requires a robust workflow management system to ensure tasks are completed on time, correctly, and efficiently. A key strategy in achieving this is scheduling work at regular intervals. By scheduling tasks, organizing workflows, and using
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Strengthening Financial Controls Through Separation of Duties One of the most critical components of financial control in any business is the separation of financial duties. This practice not only reduces the risk of fraud but also ensures that no one employee has control over the entire financial process. By dividing accounting functions into smaller tasks
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Establishing Clear Fiscal Policies and Procedures In the world of accounting, having clear and defined fiscal policies and procedures is so important for preventing fraud and enhancing departmental operations. By documenting every detail of your accounting processes, you not only protect your organization against potential threats but you can also streamline tasks, making them more
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Understanding and Combating Payments and Occupational Fraud Fraud in financial transactions is a constantly evolving threat to companies worldwide. The Association of Financial Professionals (AFP) and the Association of Certified Fraud Examiners (ACFE) provide informational reports that offer important insights into payment fraud and occupational fraud. The latest data highlights the persistence and evolution of
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The Real Threats of Check and Email Fraud In previous blog posts we’ve covered the threats posed by fraud, stark realities that can cause significant financial damage if not handled swiftly and with the right tools. Two common forms of these threats are check fraud and email fraud, both of which can exploit vulnerabilities in
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The Importance of Internal Controls for Accounting in Business Fraud affects businesses of all sizes, with potential losses running into the millions. To protect your business against these risks, internal fraud controls within accounting are essential. These controls not only protect a company’s financial assets but also ensure compliance with regulations, appease investors, and maintain
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Mastering QuickBooks with QBO Training and Resources We recently published some great tips and tricks when using the Chrome browser with QuickBooks Online, but what about some tips and tricks for QuickBooks itself? If you want to improve your QuickBooks Online knowledge, check out these great resources to up your game! Basic Training You can google
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Tips and Tricks with Chrome for QuickBooks Online, Part 2 Welcome back! In our last blog we gave some great tips and shortcuts to maximize your productivity and enhance your experience with Google Chrome, specifically tailored for QuickBooks Online (QBO) users. In Part 1, we covered basic Chrome tips that can enhance your workflow. Here, we’ll
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Tips and Tricks with Chrome for QuickBooks Online, Part 1 There are many web browsers to choose from, but Google Chrome is the browser of choice for most internet users. More importantly, it is also the browser of choice for most app developers who build apps like QuickBooks Online. Chrome has many features that make
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