Accounting Today

MAY 10, 2024

A recent survey has found that 40% of tax professionals believe generative AI will allow them to demand higher rates, in comparison to 6% who said rates will decrease.

Tax 325

Tax 325

Accounting Department

MAY 10, 2024

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

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Accounting Today

MAY 10, 2024

The U.S. government recorded a higher budget surplus for the month of April than a year ago thanks to a rise in tax receipts, while steeper debt-servicing costs continue to impose a major drag.

Budgeting 268

Budgeting Tax 268

Intuit

MAY 10, 2024

Over the last 30 years, the tax code has more than tripled in size. That’s three times the amount of complexity and headaches for many families. For our Intuit TurboTax customers, we’ve helped make the complicated easy for decades, continuously improving and evolving our product to help taxpayers navigate the pages, and pages , and pages of complicated code.

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Tax Collections Billing 130

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

MAY 10, 2024

Eide Bailly admits 24 partners; MGI Worldwide adds new member firm; and more news from across the profession.

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Accounting Tools

MAY 10, 2024

What are Authorized Shares? Authorized shares are the number of shares that a corporation is legally allowed to issue. The number of authorized shares is initially set in a company's articles of incorporation. The shareholders can increase the number of authorized shares at any time at a shareholders meeting, as long as a majority of shareholders vote in favor of the change.

Corporate Finance 75

Corporate Finance 75

Accounting Tools

MAY 10, 2024

There are a number of ways in which revenue can be recognized in an organization's income statement. The method chosen depends on the industry and the specific circumstances. In the following sections, we note a number of recognition methods, how they work, and when they can be used. Completed Contract Method The completed contract method is used to recognize all of the revenue and profit associated with a project only after the project has been completed.

Collections 75

Collections Billing Bookkeeping Auditing 75

Accounting Today

MAY 10, 2024

The extent of how many taxpayers were affected by the breach was unknown until now.

Tax 317

Tax 317

Accounting Tools

MAY 10, 2024

What are Asset Accounts? Asset accounts store monetary information about a company’s resources. Assets can be subdivided into many accounts , depending on their nature and assumed holding periods. The ending balances in these accounts roll forward into the beginning balances for the following year. The general categories of asset accounts are as follows, along with the accounts commonly used within each category: Current Asset Accounts Cash.

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Petty cash Accounting Accounting Accounts Receivable 75

Accounting Today

MAY 10, 2024

The Bridge to CPA program allows accountants to complete their remaining credits for CPA licensure for free through Nova Southeastern University.

CPA 182

CPA Accounting Accounting 182

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

Accounting Tools

MAY 10, 2024

What is Benford’s Law? Benford’s Law states that, in a naturally occurring set of numbers, the smaller digits appear disproportionately more often as the leading digits. The leading digits have the distribution shown in the following table, where the number 1 appears slightly more than 30% of the time as the leading digit, and the number 9 appears as the leading digit less than 5% of the time (which is a difference of 6x). 1 = 30.1% frequency of occurrence 2 = 17.6% frequency of occurrence 3 = 1

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Auditing Invoicing Billing 75

Accounting Today

MAY 10, 2024

To maintain steady organic growth and decrease time to value, financial leaders must implement effective response strategies.

Accounting 173

Accounting Accounting 173

Accounting Tools

MAY 10, 2024

What is the Asset Turnover Ratio? The asset turnover ratio compares the sales of a business to the book value of its assets. The measure is used to estimate the efficiency with which management uses assets to produce sales. A high turnover level indicates that a business uses a minimal amount of working capital and fixed assets in its daily operations.

Financial Statements 74

Financial Statements Accounts Receivable Account Receivables Accounts Receivable 74

Ace Cloud Hosting

MAY 10, 2024

TaxAct is a comprehensive tax preparation and filing software for individuals and firms. It offers online and desktop-based software enabling users to file federal and state tax returns. This tax.

Tax 59

Tax 59

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

CSI Accounting & Payroll

MAY 10, 2024

As a small business owner, you know that sometimes your employees are going to ask you questions about their tax forms. It’s a common misconception that their last pay stub of the year will always match their W-2, so how can you help them understand the difference? At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years.

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Payroll Tax Accounting Accounting 52

Plooto

MAY 10, 2024

Thames Valley Family Health Team (TVFHT) provides primary health care to more than 160,000 patients through a network of 120 physicians. As the team grew, managing its accounts became more onerous. The organization’s small accounting team input data manually to process, pay and track invoices — an approach that became unmanageable as the number of invoices tripled and then quadrupled over a two-year period.

Financial Reporting 52

Financial Reporting Budgeting Invoicing Accounting 52

Nanonets

MAY 10, 2024

In today’s highly competitive business landscape, staying ahead is a constant struggle for all organizations. To achieve this, businesses must be updated with the latest information about the market, customers, and competitors. Gathering information about any of these is known as market research.  Whether you are launching a new product or improving an existing one, market research is necessary to understand the market trend and user perception.

Collections 52

Collections Financial Statements 52

Ace Cloud Hosting

MAY 10, 2024

In the modern world of finances and accounting, where staying ahead of the curve is essential, the year 2024 brings with it a new set of challenges for firms. Challenges.

Accounting 52

Accounting Accounting 52

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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

Accounting Fun

MAY 10, 2024

The titles were cleaned up eventually of course! VAT's the way uh-huh uh-huh I like it Greedy Woman by Roy Orbison I want it tax free - by Queen Hello, is it me money you're looking for?

Tax 45

Tax 45

Ace Cloud Hosting

MAY 10, 2024

In the modern world of finances and accounting, where staying ahead of the curve is essential, the year 2024 brings with it a new set of challenges for firms. Challenges.

Accounting 52

Accounting Accounting 52

Accounting Tools

MAY 10, 2024

There are several ways to calculate the market value of a company. This is of critical importance to an investor , who wants to understand whether it makes sense to buy or sell a firm’s shares. We explore the different types of market valuation approaches in this article. Valuation of a Company by Stock Price When the shares of a company are already publicly-held , the easiest way to calculate its market value is to multiply the number of shares outstanding by the current price at which the shar

Financial Analysis 40

Financial Analysis 40

Accounting Today

MAY 10, 2024

Patriot Software launches 1099 portal; Expensify launches Expensify Travel; Sage launches two new integrated suites in U.K. and Canada; and other accounting technology updates.

Accounting 140

Accounting Accounting Tax 140

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 Tools

MAY 10, 2024

What is a Material Misstatement? A material misstatement is information in the financial statements that is sufficiently incorrect that it may impact the economic decisions of someone relying on those statements. For example, a material misstatement of revenue could trigger a decision to buy a company's stock , causing losses for the investor when the misstatement is later corrected and the price of the stock declines.

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Financial Statements Auditing Collections Accounting 40

Accounting Today

MAY 10, 2024

The firm employs about 7,700 people in Canada and had already cut about 2% of its workforce in the country at the end of last year.

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Accounting Tools

MAY 10, 2024

What are Overhead Costs? Overhead costs are any expenditures not directly associated with the creation of a product or service. They must be incurred in order to stay in business, irrespective of the sales level of the organization. Overhead costs are any operational expenses stated in a company’s income statement that are not directly associated with the cost of goods or services.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Today

MAY 10, 2024

President Biden's top economic advisor pledged Democrats would push to reverse Donald Trump's corporate tax cuts next year.

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Corporation Tax Tax 299

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.

Accounting Tools

MAY 10, 2024

What is a Long-Lived Asset? A long lived asset is any asset that a business expects to retain for at least one year. This definition can be broadened to include any asset that is expected to be retained for more than one accounting period. Long lived assets are usually classified into two subcategories, which tangible long-lived assets and intangible long-lived assets.

Auditing 40

Auditing Accounting Accounting 40

Accounting Tools

MAY 10, 2024

What are Post Balance Sheet Events? A post balance sheet event is something that occurs after a reporting period , but before the financial statements for that period have been issued or are available to be issued. The two types of post balance sheet events are as follows: An event provides additional information about conditions in existence as of the balance sheet date , including estimates used to prepare the financial statements for that period.

Financial Statements 40

Financial Statements Collections Invoicing Accounting 40

Accounting Tools

MAY 10, 2024

What are Revenues? Revenues are the fees generated from the sale of goods and services. Under the cash basis of accounting , revenues are recorded when cash is received from a customer in payment of these items. Under the accrual basis of accounting , revenues are recorded when goods and services are delivered to customers. Examples of Revenue Accounts There are several possible accounts in which revenue transactions may be stored, such as Sales - Goods, Sales - Services, and Fees Earned.

Accruals 40

Accruals Accounts Receivable Accounts Receivable Account Receivables 40

Accounting Tools

MAY 10, 2024

What is Bond Interest Expense? Bond interest expense is the aggregate interest expense incurred during a reporting period for an organization’s bonds payable. It includes the following types of expenses: Interest payments. This is the interest payments made by the issuer to bond holders. It is calculated as the bond coupon rate times the face value of the bond.

Corporate Finance 40

Corporate Finance Accounting Accounting 40

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.