Tue.Jun 04, 2024

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The 2024 Billion-Dollar Wealth Magnets

Accounting Today

The leading CPA financial planners with over $1 billion in assets under management, from Accounting Today's annual ranking.

CPA 344
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Top 4 AP Automation misconceptions — and what you need to know

Ascend Software blog

Change doesn’t come easy, and this can be particularly true for Accounts Payable teams that are considering an a new software solution. After building our business around Accounts Payable Automation since 1997, we’ve heard from many customers and prospects alike who are understandably apprehensive about expanding their existing tech stack outside of Workday.

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IESBA to focus on sustainability, culture, governance in 2024

Accounting Today

The report highlights the International Ethics Standards Board for Accountants' yearly accomplishments and outlines future plans, like focusing on sustainability.

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Jun 4, Basic Accounting Concepts and Principles - GAAP and ASPE

Bookkeeping Essentials

Overview of the basic accounting concepts and principles around which Canadian GAAP and ASPE was developed. FRF for SMEs is a U.S. alternative to GAAP.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Dear CFOs, the accountant shortage isn't going away

Accounting Today

It's time for finance leaders to make some tough decisions about the future of accounting and finance functions.

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International Wire Transfer

Tipalti

Explore both online and offline reliable methods for making international wire transfers. These methods are ideal for businesses and individuals with consistent international payment needs.

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Peeling Back the Curtain on the Vendor/Firm Relationship

Insightful Accountant

Late spring to early summer is perfect for reflecting on practices and upgrading tech. Partnering with tech vendors can improve accounting. Aligning vision and goals with consultants is key for maximizing tech benefits in accounting.

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Which states tax capital gains the most?

Accounting Today

State tax rates on capital gains vary across the country.

Tax 271
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Utilizing the IRS's Alternative Dispute Resolution Process

Insightful Accountant

IRS's ADR process is a valuable tool for resolving disputes efficiently. Options include mediation, arbitration, and Fast Track Settlement program for quicker resolution than standard appeals.

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Election anxiety: Financial planners and the presidential race

Accounting Today

Keeping clients from making impulsive changes is an election priority for top CPA financial planners — but so is figuring out the long-term regulatory impact.

CPA 247
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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Azure Virtual Network for Efficient Network Management

Economize

What are Azure virtual networks? Cloud environments must accommodate fluctuating workloads and maintain optimal performance, security, and scalability at all times. To achieve this cloud services need to build a flexible networking framework. Azure Virtual Networks (VNets) are the cornerstone of Microsoft Azure’s networking services, providing this security, and scalable.

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ChatGPT scores 60% accuracy on financial statement analysis

Accounting Today

ChatGPT accurately predicted earnings directions 60% of the time versus 52.71% for human analysts.

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11 Must Read Books for Accountants and CPAs in 2024

Ace Cloud Hosting

“Today a reader, tomorrow a leader.” – Margaret Fuller In the field of accounting, knowledge is power. The best way to gain detailed accounting knowledge is through reading. The more.

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Small businesses added more jobs in May, but wage growth slowed

Accounting Today

Hourly earnings growth for employees slid to their lowest level since the middle of 2021, according to Paychex.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Want to 'migrate' back to QB Desktop?

Insightful Accountant

Murph discusses 'migrating back' from QuickBooks Online to QuickBooks Desktop, and points you to an earlier article on a helpful App to accomplish the goal.

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AAA takes stewardship of Two-Year Bridge Symposium

Accounting Today

Stewardship and administration of the educational initiative is being transferred from North Carolina Agricultural and Technical State University to the American Accounting Association Foundation.

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Which Short-Term Help Do I Need? Temporary Employee vs. Contractor

CSI Accounting & Payroll

As a small business owner with short-term or project-based needs, your peers may have been told to work with a contract employee to help fill in the gaps or even hire permanently one day.

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In the blogs: Big pictures

Accounting Today

Our confusing Tax Code; IRS mail problems; disaster victims' deadline; and other highlights from our favorite tax bloggers.

Tax 140
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Jun 4, Month-End Preparation | Before Performing Month-End Procedures

Bookkeeping Essentials

An overview of month-end preparation work before you begin month-end. These monthly procedures are for home based business owners doing their own bookkeeping.

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M&A roundup: NDH, Kostelanetz and Avantax expand

Accounting Today

NDH acquired McGowan Guntermann; Kostelanetz combined with Welty; and Avantax added Erin Hinzmann.

Tax 140
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What is Work Order Management?

oAppsNet

Work order management is a critical component of operational efficiency for businesses, particularly those involved in manufacturing, maintenance, and service provision. It encompasses the processes and systems used to create, assign, track, and complete work orders. A work order is a documented request to perform a specific task, providing detailed instructions and the necessary resources.

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Top 5 Challenges Accounting Firms Face in 2024 – Blog Series Round Up

Ace Cloud Hosting

In the exclusive blog series by Ace Cloud – “Top Challenges Accounting Firms Face in 2024”- we are uncovering the challenges accounting firms face today and the actionable solutions to.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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What are the best OCR software solutions in 2024?

Nanonets

For over 5 decades now, optical character recognition or OCR software has most commonly been used to digitize files and digitally archive paper documents. OCR applications convert non-editable document formats such as PDFs or images to machine-readable formats that are both editable & searchable. With advancements in AI and machine learning, some of the best OCR software available today can even automate data capture workflows end to end from various business documents.

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Jun 4, About Adjusting Entries | Month End and Year End

Bookkeeping Essentials

What about adjusting entries used by bookkeepers and accountants when doing month end or year end procedures? Let's help you understand them.

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Contractor Onboarding

Tipalti

Contractor onboarding sets the building blocks for the quality of your organization’s relationship with new contractors. Learn how to tactfully onboard contractors for a seamless process.

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Lease incentive definition

Accounting Tools

What is a Lease Incentive? A lease incentive is an inducement for a lessee to sign a lease. In these arrangements, either the lessor directly pays for expenditures , or the lessee does so and is then reimbursed by the lessor. A lessor enters into these arrangements in order to fill vacant office space. Such deals are especially common in a soft real estate market, or when a lessor wants to attract a high-profile, stable prospective tenant.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Acumatica Manufacturing

Tipalti

Acumatica ERP has custom capabilities for manufacturing businesses. Learn about these capabilities and how to optimize your Acumatica manufacturing software with integration add-ons.

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IRS Direct File program may be cut by GOP next year

Accounting Today

The Internal Revenue Service's plans to expand the Direct File free tax program nationwide next year could meet an early demise if Republicans gain control of Congress and the White House next year.

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Digitize Invoices

Tipalti

Transform your workflow: learn how to digitize invoices for seamless processes. Enhance efficiency and embrace the future of business management.