Bookkeeping

Therefore, in this article, whenever we refer to rectification of errors, we mean unintentional errors. A building is a fixed asset hence it should be entered in the building account. Therefore, we will have to rectify the sales account by debiting it and crediting the same amount to the building account. Now, your books reflect …

Adjusting vs Correcting Entries: Differences and Best Practices Read More »

The creation of journal entries is the mechanism through which accounting errors are formally corrected in the company’s books. These entries should be crafted with precision, ensuring that each debit and credit reflects the necessary adjustments to rectify the error. The entries must be dated accurately, often as of the date the original error occurred, …

Errors in Original Entry Effect on Accounts & Rectification Entry Read More »

A few states, including New Jersey and Pennsylvania, require employees to pay SUTA via payroll deduction. An employer-paid federal payroll tax which is used to help fund the unemployment insurance system. Also provides a fund that states can borrow from for unemployment benefits purposes. The federal, state, and local taxes an employee is legally required …

50 Payroll Terms Every Small Business Owner Should Know Read More »

An extra employer contribution to an employee’s retirement plan to fulfill annual matching requirements. Unlike employees, employers aren’t allowed to dictate how or when contractors complete their work. EFTPS stands for the Electronic Federal Tax what changes in working capital impact cash flow Payment System, which is a free system offered by the U.S. Updated …

Payroll Terminology Small Business Payroll Glossary Read More »

The platform helps streamline operations and improve decision-making with real-time insights into portfolio performance. SS&C Black Diamond is a cloud-based platform for managing complex portfolios, providing family offices with consolidated reporting, data aggregation, and automated reconciliation tools. Addepar empowers family offices, financial advisors, and individual wealth owners to use data to make informed decisions. The platform …

Family Office Software Accounting and Investment Data Read More »

Family offices receive data in different formats from various suppliers, which makes it challenging to bring all the information into one place accurately, timely, and securely. By connecting to banks and brokers, it can automate transaction flows and generate consolidated reports spanning all portfolios. Performativ Performativ is a SaaS front-to-back wealth management system offering powerful …

The 2022 Family Office Software & Technology Solutions Roundup Read More »

For instance, if your firm specializes in small business accounting, your brand could emphasize reliability and support, resonating with the values of your target audience. Marketing for accounting firms presents a unique set of challenges that can impact their ability to attract and retain clients effectively. Understanding these hurdles is crucial for developing strategies that …

Full Cycle Accounting Advertising Examples: 50 Ideas to Grow Your CPA Firm Read More »

Titan Web Agency can help you create an inbound marketing strategy that will attract qualified leads to your accounting firm and increase your profits. While we’re not yet at the point where AI can replace the human touch, there are some tools that are new in 2023 that have the potential to streamline marketing for …

How to Market an Accounting Firm in the Digital Age Read More »