Bramasol

JULY 31, 2023

It can quickly become unmanageable to try and handle lease contract management, lessor accounting, maintenance services, sales of consumables, revenue recognition and disclosure reporting all with different siloed software. In addition, global companies need the flexibility to comply and report according to multiple accounting standards.

Accounting 75

Accounting SAP GAAP IFRS 75

CFO Share

NOVEMBER 15, 2023

An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) Here are some small business accounting tips to prep for audits every day: Organize Documents: Systematically save and organize invoices, bills, contracts, and other documents digitally for easy search and reference.

Auditing 52

Auditing IFRS GAAP Invoicing 52

E78 Partners

SEPTEMBER 21, 2023

This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit. Furthermore, in an era of intricate financial landscapes, preparing for compliance with complex accounting standards becomes non-negotiable.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

The Charity CFO

NOVEMBER 10, 2022

Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. As a result, the organization might not adhere to Generally Accepted Accounting Principles (GAAP), which can trip them up come tax time or during an audit. Saves time and money.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

BlueLight

JULY 30, 2020

Billing and invoicing software: Bill.com ?—?Cloud-based For example, QuickBooks is known for its accounting capability but it also offers limited functionality for generating quotes and invoicing. GAAP Revenue Recognition Rules Effective December 2018, FASB changed the guidelines to recognizing revenue under ASC 606.

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

PYMNTS

MARCH 7, 2016

Much has been made about the use of technology between businesses paying other businesses and the way software can boost sales in the field and invoice management. GAAP and international accounting standards, is another boon to efficiency, said Bres.

GAAP 40

GAAP Profit and Loss Invoicing Accounting Standards 40