Accounting Today

JULY 31, 2024

What accountants are making in salary and bonuses, and other results of our inaugural compensation survey.

Accounting 344

Accounting Accounting 344

Xero

JULY 31, 2024

“The whole point of Building Up is to connect people with barriers to employment to careers in construction,” explained Marc Soberano, founder of non-profit project Building Up. “We help people break the cycle of poverty and make a life for themselves.” Building Up was one of the 2023 recipients of funding from the Xero Beautiful Business Fund , winning the ‘Strengthening Community Connection’ for their inspiring community building work as a non-profit social contractor.

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XERO Budgeting 217

Accounting Today

JULY 31, 2024

Two huge firms are coming together in a $2.3 billion cash-and-stock deal, making the combined firm what is projected to become the seventh largest accounting firm in the U.S. with approximately $2.8 billion in annual revenue.

Accounting 328

Accounting Accounting 328

Insightful Accountant

JULY 31, 2024

Things are looking bleak for the annual release of QuickBooks Desktop. It's August 1st, and Beta Testers are typically 'testing' RC1 (release candidate 1) for a September release date, but not this year.

QuickBooks 105

QuickBooks 105

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

Budgeting

Accounting Today

JULY 31, 2024

Increasing starting salaries is the key to attracting young talent to the profession, but the first step is boosting salary transparency.

Accounting 321

Accounting Accounting 321

Enterprise Recovery: Accounts Receivable

JULY 31, 2024

Consumer and business debt are two distinct types of debt that are handled quite differently. Consumer debt is the debt individuals incur for personal expenses, such as credit card debt, student loans, or mortgages. Business debt, however, refers to the debt incurred by businesses or organizations for various purposes, such as operational expenses, investment in assets, or expansion.

Collections 85

Collections 85

RevCycle

JULY 31, 2024

Change is a constant force in today’s business landscape. New technologies emerge at breakneck speed, customer expectations evolve, and market forces constantly shift. While some employees thrive on constant evolution, change can also be disruptive and demotivating for others. As a leader, it falls on you to navigate this transition and keep your team engaged and enthusiastic.

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77

Accounting Today

JULY 31, 2024

Private sector employment grew by 122,000 jobs in July — a deceleration from the average job gains seen over the second quarter of the year.

Payroll 298

Payroll Accounting Accounting 298

Outsourced Bookeeping

JULY 31, 2024

The restaurant industry has experienced significant changes in the last four years post-pandemic. With a notable increase in new establishments and existing ones expanding their reach, the industry is rapidly catering to the increased customer demand. However, the industry faces several problems that surprisingly come from different quarters: bookkeeping and accounting.

Outsourced Bookkeeping 59

Outsourced Bookkeeping Accounts Payable Accounts Payable Bookkeeping 59

Accounting Today

JULY 31, 2024

Survey respondents shared with the good, the bad, and their advice for navigating the accounting profession.

Accounting 195

Accounting Accounting 195

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

AP

Economize

JULY 31, 2024

The Need For Cloud Financial Management The transition to cloud computing allows organizations to convert fixed expenses, such as data centers and physical servers, into variable costs, paying only for the resources they consume. Benefiting from economies of scale, these variable expenses are significantly lower than traditional IT infrastructure costs.

Computation 59

Computation 59

Accounting Today

JULY 31, 2024

The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards when reporting the effects of climate-related and other types of uncertainties in their financial statements.

Financial Statements 189

Financial Statements Financial Reporting Accounting Accounting 189

Insightful Accountant

JULY 31, 2024

Federal law changes this year have shed new light on employee and contractor classifications. This guide provides an overview of key considerations for determining whether remote workers should be classified as employees or independent contractors.

Tax 52

Tax 52

Accounting Today

JULY 31, 2024

A new survey from ACCA and the IMA reported a sharp decline in economic confidence among accountants and finance professionals in the U.S. and North America, although globally confidence seemed to be increasing.

Accounting 182

Accounting Accounting 182

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Accounting

Future Firm

JULY 31, 2024

Sometimes clients get upset at having to pay high prices for complex tasks like backlog cleanups. In this episode, I […] The post The Pricing Trick to Avoid Price Disagreements appeared first on Future Firm.

Accounting 52

Accounting Accounting 52

Accounting Today

JULY 31, 2024

In an interview with Blake Oliver, former Baker Tilly CEO Alan Whitman shares the key elements for positioning your firm for future success.

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182

Insightful Accountant

JULY 31, 2024

Users report that they cannot process credit card payments through QuickBooks Desktop.

QuickBooks 52

QuickBooks 52

Accounting Today

JULY 31, 2024

Net at Work has sold Pixafy to India-based Kensium in exchange for the company's Acumatica practice.

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182

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

Accounting Tools

JULY 31, 2024

What is Net Income? Net income is the excess of revenues over expenses. This measurement is one of the key indicators of company profitability , along with gross margin and before-tax income. There are some issues with net income that can yield misleading results, as noted below. How to Calculate Net Income A common calculation for net income is to subtract the cost of goods sold , administrative expenses , and income tax expense from net sales.

Accruals 52

Accruals Financial Statements Tax Auditing 52

finout

JULY 31, 2024

How does AWS Price Its Services? AWS offers several pricing models to accommodate different usage patterns, providing opportunities to optimize and reduce costs. The models include a free tier, on-demand pricing, where resources are typically billed per second, spot instances, reserved instances, savings plans, and dedicated hosts.

Billing 52

Billing FinOps FinOps 52

Accounting Tools

JULY 31, 2024

What is Kaizen Budgeting? Kaizen is the practice of continually improving processes and reducing costs. The concept tends to yield gradual improvements over a long period of time. This concept can be applied to budgeting by incorporating expected cost reductions into the planned results of a business. This approach can be used to drive down costs below their current levels on a continual basis.

Budgeting 40

Budgeting 40

Tipalti

JULY 31, 2024

Discover crucial ERP modules for manufacturing success and how they enhance efficiency and streamline operations for your manufacturing business.

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Software Accounting 40

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Account Reconciliation

Accounting Tools

JULY 31, 2024

What is Inventory Accuracy? Inventory accuracy is the extent to which the information recorded in your inventory database matches the actual inventory on hand. This is an essential concept, since highly accurate inventory records are needed to produce in accordance with your production plan and to determine when to order goods. It also impacts whether you can fulfill customer orders in a timely manner.

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Reconciling Computation Accounting Accounting 40