Missed last week's live session on CMC accounting? 👇 Check out our session recap! Some highlights from Erin Warner Guill and Tyler Lythgoe, CPA: ✅ How to manage the volume of change orders and work orders from CMC vendors (05:40) ✅ The advantages of using 1 account code vs. 10+ in your GL (11:22)  ✅ Using vendor estimates vs. internal teams to calculate percent complete (20:27)

Intercompany reconciliations are a crucial step in the creation of consolidated financial statements. But not all consolidation #software is equal. They don't all provide the same level of functionality in each area, and they may utilize different approaches to intercompany #reconciliations. If you’re ready to learn more about what you need in your #consolidation software, read our blog: https://hubs.li/Q02gb9nM0

Intercompany reconciliations are a crucial step in the creation of consolidated financial statements. But not all consolidation #software is equal. They don't all provide the same level of functionality in each area, and they may utilize different approaches to intercompany #reconciliations. If you’re ready to learn more about what you need in your #consolidation software, read our blog: https://hubs.li/Q02gb9nM0

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Many CPM software vendors have specific tools for account reconciliation, but they often require moving data between separate applications, leading to potential gaps and risks in the process. Our platform takes a different and more efficient approach by offering a unified solution for account reconciliations. Download our whitepaper to know the 5 benefits: https://lnkd.in/gq9MeaaC #Finance #Accounting #financialfreedom #financialwellness #Consolidation #reporting #financialreporting #financialgoals #FinancialClose #financialmodel #10yearsofSAM #SAMCorporate

Experience the best of both worlds – the efficiency of outsourcing coupled with the reliability of an in-house team. Transform your financial game with Nearsourcing™ Accounting Solutions! Contact us today. 832-886-4246 info@strategicCFO.com #outsourcedaccounting #nearshoreaccounting #cpa #bpo #financialaccounting #financialleadership #accountingservices #smallbusiness

In one week, we're hosting our February #webinar to discuss the #accountspayables basics, like setting up vendors, creating #invoices & making payments. This session is geared to those new to #AP. We hope to see you there! #accounting #finance

Classification of Transactions: Classifying transactions is a fundamental aspect of financial management. It involves recording each transaction in its appropriate category to maintain a clear and organized set of financial records. Proper classification ensures that all financial activities are accurately reflected in financial statements, facilitating better decision-making and financial planning. Accurate transaction classification is essential for tax compliance. By ensuring that income, expenses, assets, liabilities, and equity are correctly categorized, businesses can accurately calculate taxable income and allowable deductions. This not only helps in meeting regulatory requirements but also in optimizing financial performance and transparency. #Bookkeeping #AccountingOutsourcing #CA #CPA #FractionalCFO #QuickBooks #Xero #QBO

Intercompany reconciliations are a crucial step in the creation of consolidated financial statements. But not all consolidation #software is equal. They don't all provide the same level of functionality in each area, and they may utilize different approaches to intercompany #reconciliations. If you’re ready to learn more about what you need in your #consolidation software, read our blog: https://hubs.li/Q02gb9nM0