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Communicating complicated analysis in a way that is easy to understand is a skill accountants are constantly working on. Being able to translate their complicated processes and findings to an audience that does not understand accounting is a challenge, especially when these findings contradict the existing beliefs of the clients they are speaking to.

Today is Bookkeeping Day. These are the days accountants record massive amounts of transactions from various bank accounts and credit cards for their clients to map the movement of money within a business. Accountants define every transaction based on what it was for into a variety of categories to show where money came from and where it is going.

By creating a clear policy around employee reimbursement and recording these transactions, you can easily repay employees and have written proof if there is a dispute down the line. Here is a recipe for implementing a process for paying back your employees, including easy to follow directions, tips and tricks, and ingredients you need. Bon Appetit!

Your accountant is collecting all receipts from the year. He says they are a “a written proof of purchase of having received an agreed upon amount of money, goods, services, etc. that can be physical or digital, but should be kept organized because they’re important throughout the year.” Here’s what he really means when he talks about “receipts.”

Trouble shooting numbers and solving mathematical issues is a large part of an accountant’s job that is often overlooked. Sometimes, the problem lies deeper than the math. Sometimes the problem is in the process followed to find the calculation. One accountant’s problem solving revealed a deeper issue with a client’s process: a lack of understanding

Today is Accounts Payable Day. Accountants spend the day gathering bills for their clients for utilities, services, vendors and more. They collect receipts for employee reimbursement. Accounts payable day is monotonous, and mostly consists of an accountant signing in and out of online portals to download invoices and input numbers into Quickbooks.

By having an organized process for storing receipts, you don’t have to waste valuable time searching for them. Upgrade from the shoebox! Here’s a recipe to get your receipts into storage and you back into your business, including easy to follow directions, tips and tricks, and an ingredients list you’ll need to make the perfect dish. Bon Appetit!

So your accountant is working on “accounts payable aging.” He says it means “a report that shows what bills you still owe vendors, how overdue they are, and how much you have to pay right now to stay on top of them,” but all you hear is “bills, bills, bills.” This is what your accountant really means when he says the words “accounts payable aging.”

Accountants frequently stay late or work on weekends to meet urgent and important requests from their clients. Due to the nature of these requests, even the smallest task can be so integral to a business’ future that accountants have no choice but to help. Here’s a story of why one accountant paused a family game to send her client some paperwork.

Today is client onboarding day. These are the days accountants take the reins from their account management team and meet their clients for the first time. Client onboarding days start with a lot of research into the company and what they do, preparation, and quite a few meetings to discuss its needs, priorities, and expectations of the accountants.