BRIAN T. STONER, CPA  

  You can count on us to count for you!

SELECTED TO THE FORBES TOP 100 MUST-FOLLOW TAX TWITTER ACCOUNTS FOR 2018 
Forbes Top 100 Must-Follow Tax Twitter Accounts for 2018

Award for Best Accountant in Burbank, CA by Best Businesses - 2016, 2015 and 2014

Received the American Registry Award for Best Accountant of OF 2017

Picked by Expertise.com as one of top 20 Tax Services in Los Angeles for 2018 & 2017
May 1, 2018    

                   


 

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SPENDING LESS TIME ON EMAIL & ACCOUNTING TERMS TO LEARN
 
  Article one discusse s ways to reduce time looking at email   and Article two talks about terms you can learn to help communicate with your accountant.
     

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Do You Spend Too Much Time on Email?

If you feel like you spend too much time on email, you're not alone. Almost everyone feels the same way. That's why it's so important to learn how to be as productive as possible when it comes to handling email. Here are five tips to help you do just that.
 
1-      
Automate your emails.
 
If you're sending a lot of the same emails to clients, you may be able to add them to email list management software like Constant Contact or MailChimp. Then you can automate a series of emails using the autoresponder function.
 
Another way to automate your emails is to set up inbox rules so that certain emails are automatically filed into the folders you've set up. For example, if you get a monthly email for a recurring bill payment, you could send it straight to your bills folder if you don't want to read it. This will save time in the morning when you sort through the pile of email that's sent overnight.
 
2-      
Set a timer.
 
Make a habit of checking your email only once or twice in the day. Plan those times on your calendar and set a timer to stop if you need to. This employs time batching, one of the most productive ideas in time management. It's unproductive to stop and read each email exactly as it comes into your box, so setting times restructures the way you work with email for the better.
 
3-      
Create draft email answers of your ten most frequently asked questions.
 
Do you get a lot of the same questions over and over again in your email? Don't start from scratch each time you craft an answer. Start with a draft of a previous answer, make it generic, and save it in your drafts folder. When you get that question again, copy and paste the draft and customize it as necessary.
 
Repeat this for your top ten (or twenty) most-asked questions or emails that you send. You'll shave minutes off each email reply from now on.
 
4-      
Learn the email software you're using.
 
Sure, everyone pretty much knows how to send, reply to, and forward emails. Most even know how to add attachments. But what else do you know and use on a regular basis?
 
If you are tech-savvy, then simply spend some time reviewing your email settings and functions. There may be some you discover that will make your day.
 
If you don't feel very comfortable with all things technical, then sign up for a formal course, preferably in person, where you have a real human teacher that can answer all your questions. It will be a day well spent.
 
5-      
Set up folders.
 
Folders, labels, or categories in your email software are all good ways to segment email so that it can be processed in a particular order. Your folders might be by priority, client, service type, or something else. In any case, it's easier on your brain to answer all questions from one client or topic at a time than it is to ping-pong back and forth.
 
Use folders when you are complete with an email but want to save it for future reference. That way, your inbox will stay cleaner and emptier.
 
6-      
Use the search function.
 
Using the search function liberally in your email software when you need to find an old email will help you save tons of time.
 
7-      
Get a new email address if your current email address is too spammy.
 
You may be losing the spam battle with email addresses that have been used for more than a few years or that have been hacked. If so, the best solution might just be to switch to a new email.
 
Choose a good email address in the first place by staying away from email addresses that hackers can guess, like:

Instead use [email protected] or a version of your first and last names.

Try these email productivity tips to help you spend less time on email while still getting the job done.

  
  
   
 
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Issue 122



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Accounting Employment Opportunities  

 
Pauline Casbon of Casbon & Associates, LLC is a professional recruiter I have known for quite a while. She is very professional and can help accountants looking for work get a new position as well as find accounting professionals for business and industry.
   
 
Full Time Job Opportunities: Contact Pauline Casbon at
310 859 3805

Website:

www.casbonassociates.net

See my Linkedin page:

www.linkedin.com/in/PaulineCasbon 
 
  Referral fee for any potential employee that is placed in any of the following positions.      
 
  Immediate Hires!    


Tax Managers, CPAs needed for Encino, West Los Angeles, Century City and Santa Monica. 
 
Account Manager for Encino. Salary range of 90k plus benefits. Datafaction required.

CPA for firm in Sherman Oaks. Salary up to $65k to handle control analysis. Suitable candidate with one to two years experience in audit.

Junior Account Manager and Assistant Bookkeeper for Business Management accounting firm in Sherman Oaks. Datafaction software required. Salary commensurate with experience plus great benefits.

Tax Manager for Century City, CPA certification required. Salary $200k range plus benefits.

Tax Manager with business management accounting industry experience required to handle tax planning. Salary commensurate with experience up to $150k plus excellent benefits. Brentwood.

Bookkeeper for West Los Angeles with Business Management accounting experience, Datafaction imaging required. Looking for an employee who can step into an Account Manager position in approximately one year.
 
 
 
 
  
Staff Accountant required to join their other young of accountants for a business management accounting firm handling high net worth individuals in the entertainment industry, great opportunity, career path offering salary up to $80k commensurate with experience, plus OT and bonus. Business Management accounting experience preferred. Encino.

Account Managers for business management accounting firm. Datafaction imaging required. Excellent opportunity, competitive salary and benefits. Located in West Los Angeles, Beverly Hills, Century City, Westwood and Encino.

Assistant Bookkeeper and Bookkeepers for business management accounting firms in Century City, Beverly Hills, Westwood, West Los Angeles and Santa Monica. Opportunity for great career path in business management, salary up to $55k plus commensurate with experience. Datafaction required.

 
Audit Senior/Manager, CPA for Century City, Arcadia, West Los Angeles and Pasadena. Competitive salary and good benefits. Career path opportunity!!

Tax Accountant, CPA for prestigious firm in Century City and Encino, definite opportunity for career path. Business management accounting industry preferred.

Bookkeeper for CPA firm located in West Los Angeles, must be full charge. Salary range $60k plus benefits, looking for an employee after tax season.

Tax Senior, CPA for prestigious CPA firm in Century City. Salary competitive and commensurate with experience. 85K plus.

Tax Seniors for West LA, Century City, San Fernando Valley and the San Gabriel Valley; CPA firm and Business Management Accounting firm, seeking potential employees looking for a career path!
 
Business Manager for Bus. Management accounting firm to become a Partner.  Century City. CPA Certification required.
 
 Two Audit Seniors for CPA firm located in Santa Monica and Century City. Career path opportunities.
 
 
Tax Accountant for Century City and Encino 1 to 2 years experience of tax preparation with a CPA firm and/or Business Management accounting firm.
 
Royalty Analyst required for firm located in Encino. 

   
Looking for immediate hires! 
 
I am looking to expand my client base, if you would like further information regarding my staffing services, please do not hesitate to call.  I am happy to visit your office which helps me gain an even better understanding of your firm's culture and staffing requirements.  Please review my website at


and/or review my Linkedin profile.

www.linkedin.com/in/PaulineCasbon


Call 310 859 3805 for further information.  Send resume(s) as a word attachment to :
  



   
 
Boost Your Accounting Know-How with These Terms

The field of accounting has its own vocabulary, which can sound like a foreign language to some people. Your financial savvy will increase by learning a few new accounting terms. You'll be "speaking accounting-ese" in no time, and you'll become a smarter entrepreneur too.
 
Trial balance
 
A trial balance is an accounting report that simply lists the current balances of your accounts in your chart of accounts as of a certain date. It can also be called working trial balance. Another way to look at the trial balance is it's a very informal version of a balance sheet.
 
Entity
 
Entity is a generic term for a company or organization. There are many types of entities: nonprofit, corporation, partnership, and sole proprietor.
 
Going concern
 
Going concern is an accounting principle. An entity is a going concern if it's expected to continue operations in the near future.
 
Double entry
 
A double entry bookkeeping system means that when a transaction occurs, two accounts are impacted. For example, when an invoice is generated, entries are made to both the sales account and the accounts receivable account. It was invented in the 1400s and is widely used in modern accounting today.
 
Retained earnings
 
Retained earnings is an account in the equity section of the balance sheet. It's the amount of earnings that is reinvested in the company after dividends are paid out. It's computed by taking the retained earnings beginning balance, adding income or subtracting loss for the period, and subtracting any dividends paid.
 
Realization
 
A business transaction has many stages. It starts with an idea, may progress to a promise, then it actually happens. Accountants need to figure out when it becomes "real," when to record it on the books. This is the concept of realization. A transaction is realized and put on the books when there is a contract, a legal obligation, an exchange of products or services, or an exchange of cash. There are many complicated principles and rules to help accountants determine this timing.  
 
Cost principle
 
The cost principle is a foundational accounting principle. It means that when a transaction is booked, it is booked at cost and not market or current value. So even though an asset may have gained in value after you bought it, your books will still reflect the cost of the item, not the current value.
 
Client portal
 
A client portal is a software application where client files can be stored and retrieved securely. Both the accountant and the client have access to the portal.
 
Engagement letter
 
An engagement letter is the contract that defines the relationship between the client and the accountant. It is typically signed before the work starts and can be renewed once a year. It can also be changed if the scope of the work changes.  
 
Matching
 
The matching principle is another basic accounting principle. It says that for any particular transaction, all aspects should be booked in the same accounting period. For example, let's say you incurred expenses on an order in November. The order wasn't delivered or invoiced until December. To meet the matching principle, the expenses should be deferred until December when they can be matched with the revenue that relates to the expenses.
 
Adjusting entry
 
An adjusting journal entry is made when account balances need to be corrected. An example is depreciation expense, which is typically booked with an adjusting entry. Accountants will make several adjusting entries like this at year-end.
Reversing entry
 
A reversing entry is a form of adjusting entry that is made in the period following an adjusting entry. It reverses the adjusting entry. One example of this is a cash basis taxpayer that is tracking accounts receivable. The accounts receivable balance is adjusted to zero prior to year-end and reversed on January 1.
 
How many terms did you already know? Now you can talk with your accountant about these concepts.


 
    
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 You Can Count On Us to Count For You!       



Brian T. Stoner, CPA 
2600 W. Olive Ave., 5th Floor
Burbank, CA 91505
(818) 333-5095  CELL (818) 317-6035
FAX (818) 333-5304
[email protected]