Thu.Aug 15, 2024

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PCAOB sees audit deficiencies leveling off at largest firms, but problems remain

Accounting Today

The timing came months before the reports have been released in recent years thanks to ongoing efforts to accelerate the release of reports.

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Signs Your Cheap Accounting Service Might Be Costing You More

Accounting Department

Accounting is the backbone of any successful business. However, many business owners, in an attempt to save costs, opt for cheaper accounting services. While it might seem like a smart move initially, it can often result in significant expenses down the line. This blog post will help you identify the warning signs that your bargain accounting service might be costing you more than you think.

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Tax Fraud Blotter: In the gutter

Accounting Today

Host of problems; comp it; plan to fail; and other highlights of recent tax cases.

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13 Signs Your Small Business is Doing Well

Nolan Accounting Center

Every entrepreneur wants to say his/her business is doing well. However, starting and running a company is not easy. As reported by the Bureau of Labor Statistics, about 20% of small businesses fail within their first year , with 50% failing by the fifth year, and 70% by the tenth year. When a small business is doing well, it is no small accomplishment!

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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

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Execs expect increased ROI on GenAI soon

Accounting Today

Three-quarters of business leaders expect increased return on investment for generative AI will increase in the next three years, according to a new KPMG survey.

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Where Do Small Business Owners Go for Advice? Financial, Legal, Marketing, & More

CSI Accounting & Payroll

As a small business owner, you specialize in running and growing your business. However, no matter how long you’ve been at it, there will always be some things that are outside of your expertise.

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Top Remote Accounting Candidates for Hire | August 15, 2024

accountingfly

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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IRS urges pre-filing registration for elective pay

Accounting Today

Organizations looking to claim elective pay for 2023 projects should complete the process in advance, the agency recommends.

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Benefits of Building an Effective Credit Policy

oAppsNet

Creating an effective credit policy is crucial for businesses that extend credit to their customers. A well-designed credit policy helps manage credit risk, enhances cash flow, strengthens customer relationships, and supports overall business growth. Understanding the benefits of building an effective credit policy can guide businesses in developing strategies that ensure financial stability and success.

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America's hydrogen-fueled future stalls over tax credits

Accounting Today

Two years after a landmark climate law promised to kick-start green hydrogen production with tax credits, companies still don't know who will qualify.

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

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.

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5 must-have fintech categories, from our customers and experts

Plooto

With challenges like inflation, labor shortages, and lack of access to capital, it’s no wonder business owners are turning to technology to alleviate rising pressures. In fact, over half of the world’s $370 billion technology spending came from SMBs , and 50% of American small business owners surveyed said they were likely to allocate more of their budgets to technology and infrastructure.

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Is the 'Trusted Advisor' a thing of the past?

Accounting Today

Gary Shamis traces the evolution of the "Transactional CPA" firm.

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Net of depreciation definition

Accounting Tools

What is Net of Depreciation? Net of depreciation refers to the reported amount of a tangible fixed asset , including all accumulated depreciation charged against it. This information may be reported separately in the balance sheet of a business, where the aggregate amount of fixed assets prior to depreciation is stated in one line item, followed by accumulated depreciation, with a third line item combining the two into a “net of depreciation” line item.

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"Tales of a Migration", One ProAdvisor's Story

Insightful Accountant

Thanks to our readers, we can now share actual stories of good and bad migrations from QuickBooks Desktop to QuickBooks Online.

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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.

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Qualified opinion definition

Accounting Tools

What is a Qualified Opinion? A qualified opinion is a written statement by a certified public accountant in an audit report , stating that the financial statements of a client are fairly presented, except for a specified issue. The issue typically relates to a limitation on the scope of the audit , so that the auditor was unable to obtain sufficient evidence to verify various aspects of the transactions and reports being audited.

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Top ProAdvisor Profiles: Eric Trettel

Insightful Accountant

Eric Trettel of Sota Bookkeeping in Minneapolis is our featured Top ProAdvisor this week.

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Reflections from Xerocon Nashville

Xero

The first thing people ask after I attend a Xerocon event is, “Well, how was it?” It’s such a simple question, and yet if you’ve ever attended Xerocon, you’ll understand why it’s so hard to answer. How do I describe the excitement around Xero’s latest innovations? The in-depth discussions on industry trends? The connections made while wandering the exhibition floor?

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