Accounting Today

AUGUST 1, 2024

A recent Supreme Court case held that the Code Sec. 965 mandatory repatriation tax was constitutional, but the majority opinion avoided the principal issue presented to the court.

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Tax 298

Accounting Department

AUGUST 1, 2024

Running a business is no small feat, and managing finances can be one of its most challenging aspects. It’s no wonder many business owners are lured by the promise of cheap accounting services. If you think you're saving money with these budget options, think again. This post will uncover the hidden costs that could be undermining your business and explain why investing in quality accounting is crucial for long-term success.

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Accounting Today

AUGUST 1, 2024

OneStream announced the rebrand of OneStream Suite to OneStream One, which now features the new Next Gen Gather AI solution to help professionals gather client documents.

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Xero

AUGUST 1, 2024

Much can be said about the pros and cons of generative AI. But while we can all agree that it is widely-available and disruptive, surely we can also agree that it isn’t the first emerging technology to be available and disruptive (nor will it be the last). It’s just the one we’re focused on right now. To start to wrap your head around the possibilities of generative AI and the broader AI technology ecosystem, it’s best to start from the ground up.

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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

Accounting Today

AUGUST 1, 2024

The price of flame; a guy at the IRS; package deal; and other highlights of recent tax cases.

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Tax 312

Compleatable

AUGUST 1, 2024

Current accounts payable purposes and processes Accounts Payable or AP as it is also known, is a term used to describe the means of money being owed by a business to it’s suppliers for goods and services provided. An Accounts Payable (AP) department within a business might be made of a single individual to many tens of people. The main responsibility and duties of an AP department can vary but broadly speaking, this consists of making sure that purchase invoices received from suppliers are proce

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Accounts Payable Accounts Payable AP Purchase Order 130

Insightful Accountant

AUGUST 1, 2024

App and Software Developers should know that Insightful Accountant offers 'FREE' feature content, including App Aware and First Look features covering their app or software and Advisor Alliance articles covering their partner programs.

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Accounting Accounting 98

Accounting Today

AUGUST 1, 2024

A recently introduced Senate bill would direct the federal government to develop third party audit standards for AI.

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Billing Auditing 195

Ace Cloud Hosting

AUGUST 1, 2024

ATX from Wolters Kluwer is one of the most reputed tax preparations and filing software for individuals and small firms. According to a Journal of Accountancy survey, approximately 70% of.

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Accounting Today

AUGUST 1, 2024

Tax compliance solutions provider Avalara announced the release of its latest AI offering, a chatbot called Avi which can answer product questions, general tax questions, and troubleshoot issues.

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Tax 150

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.

Accounting

Less Accounting

AUGUST 1, 2024

In the intricate dance of managing a small business, few tasks are as crucial, yet often as cumbersome, as handling payroll. From calculating wages to ensuring compliance with tax regulations, payroll processes demand precision and efficiency. In the realm of small businesses, where resources may be limited, streamlining these processes becomes paramount for sustaining growth and minimizing administrative burdens.

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Accounting Today

AUGUST 1, 2024

PwC announced the rollout of its new ChatNational large language model AI for internal staff, which is designed exclusively for research questions versus the more general use ChatPwC

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Auditing 140

Insightful Accountant

AUGUST 1, 2024

If you are a Top ProAdvisor (Top 100 ProAdvisor, Top 25 Up-n-comer ProAdvisor, or Top 50 International ProAdvisor), we want to publish your profile.

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Accounting Today

AUGUST 1, 2024

CRI merges in ProSport CPA

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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.

Accounting

accountingfly

AUGUST 1, 2024

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accounting candidates with no upfront cost. These are just a few of our top remote accounting candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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Jetpack Workflow

AUGUST 1, 2024

Podcast Summary In this episode, host David Cristello interviews Billy Angelo , the managing partner of Angelo and Associates , who brings over 20 years of experience in the accounting industry. Billy shares insights on steering small businesses, specifically private practice owners, towards financial clarity and success. They discuss topics such as off-boarding clients to focus on core strengths, tailored tax and financial solutions for enhanced profitability, and the importance of cash manage

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Accounting Accounting Tax Auditing 52

Cloud Accounting Podcast

AUGUST 1, 2024

Blake and David examine Blake's month-long working vacation in Southern California, and talk benefits of remote work for accountants. They also explore recent surveys on accounting firm satisfaction and the use of AI in tax practices and then delve into the ongoing accountant shortage, its impact on internal controls, and the challenges of recruiting new talent to the profession.

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The Successful Bookkeeper

AUGUST 1, 2024

In the first episode of the Ask Lisa YouTube series, Lisa Campbell details how to successfully start a bookkeeping business.

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Bookkeeping 52

Advertisement

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.

Financial Statements

Insightful Accountant

AUGUST 1, 2024

Murph gives you a glimpse into the advisor partnership opportunities offered by the MyWorks Partner Program.

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oAppsNet

AUGUST 1, 2024

Understanding the credit review and risk analysis process is essential for any business that extends credit to its clients. This process involves evaluating the creditworthiness of potential clients and assessing the risks associated with extending credit. Effective credit review and risk analysis help businesses make informed decisions, minimize financial risks, and maintain a healthy cash flow.

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Financial Statements Collections 40

Insightful Accountant

AUGUST 1, 2024

QuickBooks Online users have reported receiving 502 Bad Gateway errors when attempting to send E-Invoices.

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Invoicing QuickBooks 52

Accounting Tools

AUGUST 1, 2024

What is Cycle Billing? Cycle billing occurs when an organization issues invoices to its customers on a rotating schedule. This concept varies from the more common practice of issuing all invoices on the date when a delivery or service occurs. It is commonly used by utilities and subscription services that deal with very large billing volumes. Advantages of Cycle Billing By engaging in cycle billing, a business can flatten the volume of billing work to be completed on any given day.

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Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Accounting Today

AUGUST 1, 2024

Senate Republicans stopped a $78 billion package of tax cuts benefiting businesses and low-income families, two constituencies the party needs to win big in November.

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Tax 195

Accounting Tools

AUGUST 1, 2024

What is Contract Auditing? Contract auditing involves an examination of the written arrangements with suppliers. The intent behind a contract audit is to ensure that the amount and quality of goods and services delivered to the customer was correct and that the customer was billed an appropriate amount. A possible result of a contract audit is that the supplier is required to deliver additional goods and services, or that it must rebate a portion of its billings.

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Accounting Today

AUGUST 1, 2024

Trump's pledge to cut taxes for elderly Americans, a key voting bloc, comes as the Republican nominee tries to recalibrate his campaign to focus on Vice President Kamala Harris.

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Tax 299

Accounting Tools

AUGUST 1, 2024

What is Capital Intensive? An industry is capital intensive when a participant is required to invest heavily in fixed assets in order to compete with other established industry players. In a capital intensive environment, the fixed cost base of a business is quite high, so it must sell in high volume in order to earn sufficient funds to offset its costs.

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Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.