CDK Global’s Post

Your bottom line matters! Here's your accounting reminder: "Periodically review supplier contracts for better rates." At 3E Accounting, we understand the importance of cost savings in business. We're your trusted one-stop solution for all your business needs, offering expert guidance to help you optimize your supplier contracts and reduce expenses. 📂 Regularly reviewing supplier contracts ensures that you're getting the best deals, improving your financial efficiency. 🌟 Reach out to 3E Accounting for assistance in contract negotiation and cost-saving strategies, ensuring your business operates at its most cost-effective. #AccountingReminder #SupplierContracts #CostSavings #3EAccounting #BusinessSolutions

Even Leonardo da Vinci understood the art of accounting! In his notebooks, he meticulously recorded his expenses and income, showing that even the greatest minds appreciate the balance of numbers. #businesstips #businesslife #businessgrowth #accounting #ecommercecfo #ecommerceaccounting #accountingstrategy #accountingforonlinesellers #shopifyaccountant #woocommerceaccountant #amazonaccountant

Thinking of buying or selling an accounting firm? Check out these essential considerations to ensure a smooth and successful transition. #AccountingFirm #BusinessGrowth #QuickBooksSolutionProvider https://oal.lu/TficL

Accounting 101: Step 8 - Closing Entries Final step: Closing entries. This step involves closing temporary accounts and preparing your books for the next accounting period. It’s essential for maintaining accurate records year over year. Got questions about closing entries? We’re here to help!  ✉ admin@spherefinancial.co.za  📱 +27 (0)12 361 2601  💻 www.spherefinancial.co.za #accountingservices #smallbusinessowners #accounting101 #accountingtips #accountingservices

Thinking of buying or selling an accounting firm? Check out these essential considerations to ensure a smooth and successful transition. #AccountingFirm #BusinessGrowth #QuickBooksSolutionProvider https://oal.lu/N1yTH

Thinking of buying or selling an accounting firm? Check out these essential considerations to ensure a smooth and successful transition. #AccountingFirm #BusinessGrowth #QuickBooksSolutionProvider https://oal.lu/lkiB2

Thinking of buying or selling an accounting firm? Check out these essential considerations to ensure a smooth and successful transition. #AccountingFirm #BusinessGrowth #QuickBooksSolutionProvider https://oal.lu/UZGmu

Celebrate the small successes in your business; they pave the way for bigger achievements and keep the momentum going. #businesstips #businesslife #businessgrowth #accounting #ecommercecfo #ecommerceaccounting #accountingstrategy #accountingforonlinesellers #shopifyaccountant #woocommerceaccountant #amazonaccountant

Revenue recognition is a key accounting principle that describes how and when a company records revenue in its financial statements. It's a fundamental concept of accrual accounting, which requires companies to recognize revenue when it's earned, not when it's paid for. The revenue recognition standard, ASC 606, provides a framework for recognizing revenue from customer contracts. A five-step process for revenue recognition includes: ▪︎Identifying the contract with the customer ▪︎Identifying the performance obligations ▪︎Determining the transaction price ▪︎Allocating the transaction price to the performance obligations ▪︎Recognizing revenue when the performance obligations are satisfied

"Automate Your Business with TallyPrime! Streamline accounting, inventory, sales, and tax compliance. Boost efficiency, accuracy, and decision-making. Say goodbye to manual errors and hello to business growth! #TallyPrime #BusinessAutomation #Accounting #InventoryManagement #TaxCompliance"