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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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

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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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"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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Xero's JAX said to tame gen AI hallucinations

Accounting Today

Diya Jolly, chief product and technology officer with Xero, touted its proprietary gen AI assistant JAX, which she said controls hallucinations for enhanced accuracy.

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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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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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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.

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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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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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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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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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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!

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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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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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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.