Controller vs. Comptroller – Key Differences In the accounting world, controller vs. comptroller has a contentious history. The two words have a similar definition which begs the question: is there really a need for both? As with all intellectual discussions, it’s best to examine historical facts first. Keep reading as we dive into the great […]
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IRS Mileage Rate Changes for 2023 The IRS has published the official 2023 rates for reimbursable and deductible mileage, and many will be happy to know the rate per mile for business-related trips has been increased. Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or
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3 Ways Technology Can Reduce Errors In Accounting To err is human. Enter technology. We make mistakes, and that’s OKAY. It’s what makes us human beings. However… When it comes to accurately reporting your business’s finances, one simple mistake can be costly and completely shift your picture of your business’s financial health. The good news
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Setting Your Accounts Payable Up For Success In the world of business, it’s not unusual for accounts payable to be a lesser priority over accounts receivable, especially in small businesses. It’s only natural because accounts receivable equals money into the business and that’s a priority. Nobody likes to talk about money, but money is
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Should A Small Business Use Cash Or Accrual Accounting? Running a business means you have your hands in many pots stirring away to keep the business going. If you run a small business, chances are you are doing 90% of the daily tasks yourself. One of those tasks is handling your small business accounting. Keeping
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3 Benefits Of Cloud Accounting You Should Know As a business owner, you want to run your business as efficiently and effectively as possible, both in the eyes of your customers and behind the scenes. How are you currently running your accounting processes at your company? Are you still using spreadsheets and outdated systems that
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What Is The Best Payroll Service For Small Businesses The best payroll service for small businesses is one that you don’t have to think about. It’s a platform and service that you can essentially set and forget about unless it requires immediate attention. Simply put, the best payroll service for small businesses is an automated
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Is Expensify Right for My Business? All business owners and bookkeepers know the headache of sorting through receipts and the nightmare that expense tracking can create. Creating expense reports takes a lot of time and, if not done right, can cause expensive mistakes. Time is money. Consider the time it takes an employee to submit
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QuickBooks Online Vs. Quicken – Key Differences Have you ever heard the phrase, “That’s like comparing apples with oranges?” Well, when comparing QuickBooks Online vs. Quicken that’s exactly what you’re doing. Sure, like apples and oranges, QuickBooks Online and Quicken are both from the same category (fruits, accounting technology programs), but that’s about as far
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3 Ways A Virtual Payroll Specialist Can Help Streamline Your Business It’s no secret that running your own small business often means doing 90% operational work and 10% growth work. One of those operational tasks is completing payroll. Payroll is a complex process that requires focus to ensure you’re paying your employees properly. Here are
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