Discover the Benefits of a Modernized Accounting System If you're a business owner, looking for new ways to grow and improve your business without devoting more hours into your schedule or spending money that doesn't produce results, then keep reading. Wouldn't it be nice to save money and free up time each week? This is where technology is available to make your life easier. Leveraging the right tools and strategies can make a massive difference in how efficiently you run your company. "Tech-savvy business owners have an advantage, and are saving money and time." The goal of this book is to show you how current technology and internet-based applications can help you grow your business without compromising quality. You will learn about: * Going Paperless, Apps, and Cloud-Based Accounting * How to Modernize your Accounting System * Security Practices for Online Accounting * Creating Leverage by Outsourcing * Accounting Concepts that Make Sense * How to Audit-Proof Your Business * Finding a Tech-Savvy Accountant * Understanding Financial Statements My name is Noel B. Lorenzana. I'm a Registered CPA. I've spent the past 25 years in business, tax, and accounting, with the past several years helping small business owners improve their profits and get better results by combining technology, strategy, and proactive accounting. As a Tax Resolution Specialist, I've also had the chance to represent many taxpayers and help them resolve their tax problems. It's been a pleasure helping taxpayers and business owners get great results. I hope to help you get great results too. I'm excited to think what that means for your business!

Addressing a common problem for small-business owners, this accessible handbook is the key to understanding the ins and outs of accounting. Demonstrating how to correctly maintain records and apply bookkeeping rules, this guide demonstrates how to keep track of all financial matters and monitor the overall health of any business. Avoiding complex and burdensome accounting jargon, this clear and concise overview translates the essentials into practical business language, answering the most frequently asked questions presented to accountants by small-business owners today. Topics covered include accounting components such as sales, expenses, assets, liabilities, and owners' profits.

" The Small Business Administration (SBA) performs a range of significant activities intended to strengthen small businesses and relies extensively on information technology (IT) systems to do so. These systems are used to support loan accounting and track loans through origination, servicing, and liquidation. SBA has been attempting to modernize these systems for several years through its Loan Management and Accounting System (LMAS) modernization effort. The most recent iteration of this effort is a series of more focused development efforts, known as the LMAS-Incremental Improvement Projects (IIP). GAO was asked to describe the status of SBA's LMAS modernization effort and determine whether SBA has adequate processes and procedures in place to manage and oversee its LMAS modernization effort. In performing this work, GAO reviewed cost and schedule reports to Congress and assessed SBA's current management of the projects against best practices and relevant guidance. "

Distilled small business advice for accounting practices Many accountants in small and mid-size practices are experts when it comes to their professional knowledge, but may not have considered their practice as much from a business perspective. Michael Gerber's The E-Myth Accountant fills this void, giving you powerful advice on everything you need to run your practice as a successful business, allowing you to achieve your goals and grow your practice. Featuring Gerber's signature easy-to-understand, easy-to-implement style, The E-Myth Accountant features Gerber's universal appeal as a recognized expert on small businesses who has coached, taught, and trained over 60,000 small businesses A recognized and widely respected co-author and leader in the accounting field The E-Myth Accountant is the last guide you'll ever need to make the difference in building or developing your successful accounting practice.

Digital Transformation in Accounting is a critical guidebook for accountancy and digital business students and practitioners to navigate the effects of digital technology advancements, digital disruption, and digital transformation on the accounting profession. Drawing on the latest research, this book: Unpacks dozens of digital technology advancements, explaining what they are and how they could be used to improve accounting practice. Discusses the impact of digital disruption and digital transformation on different accounting functions, roles, and activities. Integrates traditional accounting information systems concepts and contemporary digital business and digital transformation concepts. Includes a rich array of real-world case studies, simulated problems, quizzes, group and individual exercises, as well as supplementary electronic resources. Provides a framework and a set of tools to prepare the future accounting workforce for the era of digital disruption. This book is an invaluable resource for students on accounting, accounting information systems, and digital business courses, as well as for accountants, accounting educators, and accreditation / advocacy bodies.

2020 updates to our award-nominated book (Author Academy Awards, Oct. 2019):reflects the latest tax law changes and expanded with two new chapters. Do-it-yourself accounting and taxes are growing in popularity but often leads to rookie mistakes that can make you fall hard and fast. It’s true, look at how many small businesses close their doors during the startup years. Running a profitable business boils down to one thing — the numbers. And going it alone (without expert guidance) doesn’t work out. This book reveals the inside scoop the authors gain while helping small business clients with preparing tax returns, paying taxes, bookkeeping, managerial decision making, business plans and ideas, accounting, technology recommendations, tax resolution, tax planning, and more. You’ll learn practical information you can implement right now whether you’re a sole proprietor, freelancer, side hustler, independent contractor, entrepreneur, partnership, LLC, or S-Corp. Here’s what the book reveals: Tax tips accountants aren‘t always willing to share The lesser-known problems small business owners face How tax write-offs affect your tax return Why bookkeeping is a top priority How to protect yourself when you make a mistake Get your copy to find out why deducting the right way helps you operate a more profitable venture.

Do you want to master the fundamentals of financial and managerial accounting? Are you a small business owner who wants to operate a successful and financial sound operation? Do you want to understand financial statement? Small business owners face many challenges. Apart from building the business from scratch, carving out a niche in the market, and fending off competition from giants in the industry, many internal processes pose a headache for entrepreneurs. One of these is accounting. Fortunately, accounting for a small business is not as complex as accounting for corporate entities. This book introduces you to accounting in its simplest form. You will learn about accounting principles under which financial statements and reports should be prepared. As you read this book, you will also realize that learning accounting is a gradual and progressive process. Everything you learn in one stage is useful as you proceed further into the book. The concept of progression will also help you if you plan on building your career beyond your business. Many small companies don't remain small forever. As you increase your market share, you must scale your business and accounting processes to match your growth and customer's needs. The knowledge you learn in managing simple financial reports and statements will act as the foundation for further growth as you scale up operations. You Will Learn: Principles of Management Accounting and Financial Accounting Methods of Classic Double-Entry Accounting Business Entity Types - Pros and Cons How to Create a Budget for Your Business How to Manage Accounting How to Make a Financial Statement Analysis Modern Trends in Accounting How to Fraud-Proof Your Business Using Simple Accounting Tactics How to Create a Career in Management Accounting Learning about accounting for small businesses should not limit you to your business alone. There is a whole world of opportunities in different accounting branches that you can explore, including cost accounting, financial accounting, forensic accounting, and management accounting. In each branch of accounting, knowledge of fundamental accounting practices and principles will help you find a comfortable starting point. Therefore, this book prepares you in accounting for small businesses and also lays the foundation for each branch of accounting you might be interested in pursuing. Would You Like to Know More? Scroll up to the Top of the Page and Click the "BUY NOW" Button

This updated and expanded second edition of Book provides a user-friendly introduction to the subject, Taking a clear structural framework, it guides the reader through the subject's core elements. A flowing writing style combines with the use of illustrations and diagrams throughout the text to ensure the reader understands even the most complex of concepts. This succinct and enlightening overview is a required reading for all those interested in the subject . We hope you find this book useful in shaping your future career & Business.