Thu.Jan 11, 2024

article thumbnail

Upgrading Your Traditional Bookkeeping with FP&A

Accounting Department

Every savvy business leader knows the value of having a well-run bookkeeping or accounting department. However, not everyone is aware of how important it is today to have a financial planning and analysis (FP&A) team to help back their business with effective and accurate financials.

article thumbnail

AI in Accounts Payable: Can a Computer Do My Job? 

AvidXchange

If you’re worried that artificial intelligence (AI) may make your job obsolete, you’re not alone. A recent Forbes Advisor survey found that 77% of consumers are concerned that AI will cause human job loss in the near term. Experts have identified many use cases for AI in accounts payable (AP) and other finance and accounting functions, noting that the technology is particularly well-suited to these data-centric departments.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Change Your Payroll Provider 

Counto

How to Change Your Payroll Provider End of the pay cycle often brings stress to business owners, who are tasked with running accurate payroll. Despite spending hours on payroll processing, many still encounter errors. That’s why many businesses opt for professional payroll services in Singapore. In this guide, we’ll explore the reasons to switch payroll solutions, what to expect from them, the associated costs, and a comprehensive checklist to ensure a seamless transition.

Payroll 52
article thumbnail

20 states that burden individuals the least

Accounting Today

The seven states that impose the least on residents have an individual income tax burden of 0.00%.

Tax 321
article thumbnail

Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

article thumbnail

Making Electronic Payments with NetSuite & AP Automation

MineralTree

Embracing electronic payments is necessary for businesses seeking to enhance efficiency, reduce manual errors, and improve financial control. However, accounts payable (AP) automation can make electronic payments in ERP systems , like Netsuite, much easier. AP automation technology enables streamlined and error-free payment processing while maximizing the potential of NetSuite electronic payments and accelerating ROI.

AP 81
article thumbnail

Illinois CPAs spot numerous issues with accountant retention

Accounting Today

Salary, burnout and work-life balance are among the factors affecting retention of accountants, according to a report from the Illinois CPA Society.

CPA 344

More Trending

article thumbnail

IRS to begin accepting business tax returns next week

Accounting Today

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan. 16.

Tax 334
article thumbnail

How Can You Independently Track Multiple Income Streams?

Invoicera

Introduction Are you trying to manage several income sources and finding it tough to keep everything in check? It’s like handling many moving parts—it can get tricky and overwhelming. Nowadays, it’s pretty common to have more than one source of income. Studies show that about 45% of working Americans are hustling on the side, and experts think this trend will keep growing.

article thumbnail

Congress nears deal on $70B tax break for businesses, children

Accounting Today

U.S. congressional negotiators are nearing a bipartisan deal to renew expired business tax breaks and boost the child tax credit in time for many voters to receive the benefit during the current election year.

Tax 304
article thumbnail

Understanding the CPF Changes in Singapore from Jan 1

Counto

Understanding the CPF Changes in Singapore from 1 Jan 2024 Singapore’s Central Provident Fund (CPF) is an integral part of the nation’s social security system, designed to provide financial security for citizens during their retirement years. Recent CPF changes , announced in the Singapore Budget 2023, will have a significant impact on both employees and employers.

Payroll 52
article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

SEC approves Bitcoin spot exchanges

Accounting Today

The Securities and Exchange Commission has approved several new Bitcoin-based exchange traded products, despite skepticism of the asset and its value, following an appeals court decision.

254
254
article thumbnail

Lisa McCarthy on Mastering Advisory Services and Cloud Migration Strategies

Insightful Accountant

Gary DeHart and Lisa McCarthy discuss the opportunities available to firms for growing an advisory services practice and how they are positioned to fill the role of advisor.

52
article thumbnail

Secure the future by transforming your firm's business model

Accounting Today

Is a legacy firm one that follows tradition, or one that's interested in maintaining its legacy for years to come?

article thumbnail

Ben Richmond on the Impact of Cash Flow on Small Businesses

Insightful Accountant

Gary sits down with Ben Richmond, Country Manager, US at Xero, to delve into the recent report on the profound impact of cash flow on small businesses.

XERO 52
article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

Tax Fraud Blotter: Good people

Accounting Today

Not so amusing; in the rough; interior designs; and other highlights of recent tax cases.

Tax 195
article thumbnail

Can’t Miss Conferences of 2024

Insightful Accountant

Start planning your conference season now and make sure you don't miss out on the best events of the year, despite tax season distractions.

Tax 52
article thumbnail

Harvard, MIT tax status probed by Congress over antisemitism

Accounting Today

The failure of the leaders of the Ivy League universities to condemn antisemitism could affect their tax-exempt status, the chairman of the House Ways and Means Committee said.

Tax 189
article thumbnail

Murph on Intuit's Announcements at QuickBooks Connect 2023

Insightful Accountant

Join William Murphy, Sr. Technical Editor of Insightful Accountant, in this special episode of the Accounting Insiders Podcast as he shares top takeaways from QuickBooks Connect 2023!

article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

article thumbnail

Prager Metis adds Goldsmith Molis & Gray

Accounting Today

The Top 60 Firm is expanding its footprint in North Carolina.

145
145
article thumbnail

Tax Season Survival Guide

Insightful Accountant

Get unconventional tips to make tax season less painful and more productive. Avoid burnout with this out-of-the-box survival guide.

Tax 52
article thumbnail

Setting Up an Offshore Company in Singapore

Counto

Setting Up an Offshore Company in Singapore Are you considering setting up an offshore company in Singapore? Offshore companies, often incorporated in jurisdictions different from their principal place of operation, offer numerous advantages, including tax benefits, simplified reporting requirements, and more. In this useful guide, we’ll walk you through the process of establishing a Singapore offshore company, highlighting the key benefits and requirements.

Tax 52
article thumbnail

QB Talks February - App Neighborhood Watch | Webinar Archives

Insightful Accountant

In February 2023's QB Talks, Kelly and Kristen will be talking about the apps you might want to check out to help with next year's year-end

52
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

article thumbnail

Singapore Employment Pass: Get to Know the New Requirements in 2024

Counto

Singapore Employment Pass: Get to Know the New Requirements in 2024 The Employment Pass (EP) in Singapore is not just a work visa; it’s a gateway to personal and professional growth in one of Asia’s most dynamic business hubs. However, recent changes in regulations have significantly impacted access to the EP and its salary requirements.

Payroll 52
article thumbnail

Tax Practice News: Don't Screw Up Your S Corps | Webinar Archives

Insightful Accountant

Form 7203 compliance could be an easily overlooked form this tax season. Not all tax software or all preparers are aware of the form’s filing requirements or when they need to be prepared. Discover more in this webinar replay!

Tax 52
article thumbnail

Guide to Filing Financial Statements for Business Owners in Singapore

Counto

Guide to Filing Financial Statements for Business Owners in Singapore Filing financial statements is a crucial annual requirement for businesses in Singapore. The Accounting and Corporate Regulatory Authority ( ACRA ) mandates this process to ensure transparency, accountability, and compliance with the Singapore Financial Reporting Standards (SFRS).

article thumbnail

Tax Practice News - New IRS WISP Requirements | Webinar Archives

Insightful Accountant

A WISP (Written Information Security Plan) is required for tax and accounting professionals. Lucky for you, Christine Gervais did a webinar on this topic a few months ago and we’re bringing it back around for your viewing.

Tax 52
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

A Quick Guide to Payroll for New Businesses in Singapore

Counto

A Quick Guide to Payroll for New Businesses in Singapore Introduction: Navigating Singapore’s intricate payroll regulations can be a daunting task, especially for small and medium-sized enterprises (SMEs) that make up the majority of the country’s businesses. The consequences of payroll errors can be severe, making it essential for employers to understand and comply with the regulations.

Payroll 52
article thumbnail

Creating a Future-Focused Secure Firm | Webinar Archives

Insightful Accountant

Accountants can enhance their firm's security without being IT specialists. By creating a security partnership with Swizznet, they can share resources and expertise to protect against cyber threats and data breaches during tax season wrap-up.

Tax 52
article thumbnail

Enhanced Accounting Workflows: A Comprehensive Look at QuickBooks API Integration

Nanonets

Introduction For decades, accountants have relied on various software tools, with classics like Excel playing a role in accounting operations. However, in today's competitive business environment, simplistic solutions fall short of scalability and efficiency.  The imperative solution is the automation of the entire accounting workflow.   As part of the broader area of process automation, accounting workflow automation tools like QuickBooks are gaining traction among companies and

article thumbnail

The Outsourcing Advantage for Accounting Firms: BUILD, SCALE and THRIVE | Webinar Archives

Insightful Accountant

Overcome growth and profitability challenges with outsourced accounting Pacific Accounting and Business Services invites you to a power packed Webinar: The Outsourcing Advantage for Accounting Firms: BUILD, SCALE and THRIVE.

article thumbnail

Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.