Sun.Jan 14, 2024

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Four trends that will shape AI in 2024 and beyond

Xero

There is no shortage of hype surrounding artificial intelligence (AI). While the large language models that underpin these new generative AI tools have existed for a long time, AI as a technology has remained in the hands of engineers and scientists, peripheral to the public’s awareness. Over the past 12 months, however, we crossed an important threshold: for the first time in human history, anyone with a browser and keyboard could tap into its tremendous technological power.

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Soon To Be Released: QuickBooks Solopreneur

Insightful Accountant

Intuit will soon introduce another versions of QuickBooks Online for solopreneurs who need more than QuickBooks Self-Employed but less than QuickBooks Simple-start.

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Business Tax Deadline 2024: Things You Should Know This Tax Season

Ace Cloud Hosting

Tax season 2024 has begun. The Internal Revenue Service (IRS) expects businesses and individual taxpayers to file over 168 million returns before April 15. Read on for a detailed view.

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Packing slip definition

Accounting Tools

What is a Packing Slip? A packing slip is a document that describes the contents of a shipment to a customer. The packing slip contains a separate line item for each item shipped. Each line item states the product number, product description, and unit quantity shipped. The weight may also be stated. The document is printed by the seller, who either includes it in the package or attaches it to the outside of the package in a sealed pouch.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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QuickBooks Cloud VS Desktop: Which one to Choose?

Ace Cloud Hosting

QuickBooks is a premium accounting application that is widely used across multiple industries. Many businesses have used it traditionally for the past few years through on-premises desktops. But the growth.

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Ep. 249: Ahmed Hassan - The Evolving Role of Financial Leadership

IMA's Count Me

Join Adam Larson on the Count Me In Podcast as he sits down with the insightful Ahmed Hassan to explore how financial leadership has shot into a new era. Ahmed, an esteemed finance executive and IMA Global board member, shares how the roles in finance have shifted from traditional number-crunching to proactive, strategic business partnering. Listen in as they discuss the impact of digital tech, COVID-19, and sustainability on financial strategies, the importance of people skills, and the rise o

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Darren Root on Ai In Accounting in 2024

Insightful Accountant

Gary DeHart and Darren Root, Chief Strategy Officer, RightWorks discuss Ai in Accounting in 2024. They dive the Products, New Skills needed, the future of the tech stack and how Ai can assist with the staffing shortages impacting the profession.

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A Quick Guide to Central Provident Fund (CPF) for New Employers in Singapore

Counto

A Quick Guide to Central Provident Fund (CPF) for New Employers in Singapore Setting up a business in Singapore is a thrilling endeavour, but as you embark on this journey, it’s essential to be well-versed in the legal obligations that come with hiring employees. One of these obligations is contributing to the Central Provident Fund (CPF) for your Singaporean or Permanent Resident employees.

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General fund definition

Accounting Tools

What is a General Fund? A general fund is the primary fund used by a government entity. This fund is used to record all resource inflows and outflows that are not associated with special-purpose funds. The money flowing into a general fund is usually derived from a variety of taxes, such as income taxes, sales taxes, use taxes, and lodging taxes (depending on the level of government).

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Gross price definition

Accounting Tools

What is Gross Price? Gross price is the amount charged for goods or services prior to the application of any discounts. In accounting, the gross price is used to compile the gross sales figure. The deductions that can be applied to a gross price include a volume discount , cash payment discount, and early payment discount. How to Calculate Gross Price A gross price should never be lower than the direct costs required to produce the underlying product; otherwise, you will incur a loss on every un

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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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Gain on sale of assets definition

Accounting Tools

What is a Gain on Sale of Assets? A gain on sale of assets arises when an asset is sold for more than its carrying amount. The carrying amount is the purchase price of the asset, minus any subsequent depreciation and impairment charges. Presentation of a Gain on Sale of Assets A gain on sale of assets is usually classified as a non-operating item on the income statement of the selling entity.

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Operating lease definition

Accounting Tools

What is an Operating Lease? An operating lease is the rental of an asset from a lessor , but not under terms that transfer ownership of the asset to the lessee. During the rental period, the lessee typically has unrestricted use of the asset, but is responsible for the condition of the asset at the end of the lease, when it is returned to the lessor.