Wed.May 22, 2024

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Melancon to retire at year's end

Accounting Today

The long-time head of the AICPA — and one of the foremost leaders of the profession — will step down on Dec.

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How to Use Microsoft Machine Learning Studio for Non-Developers

Fidesic blog

Want to get started building Machine Learning environments in accounting?

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IRS extends Free File through 2029

Accounting Today

The program with third-party tax vendors will continue for another five years despite the IRS's recent Direct File pilot test.

Tax 327
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The wisdom of being a lazy CPA

Blake Oliver

Once you see how much more value you and your managers can deliver to the firm when you're freed up from doing routine client work, you'll never want to go back to the old way of doing business.

CPA 89
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Forecasting Failures Are Costly: Here's How To Fix Them

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

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CAQ asks PCAOB to delay standards

Accounting Today

The Center for Audit Quality wants the Public Company Accounting Oversight Board to postpone sending two of its newly approved standards, on quality control and auditor responsibilities, to the SEC for final approval.

Auditing 323
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Ace Cloud Is Going to Scaling New Heights 2024

Ace Cloud Hosting

We’re excited to announce that Ace Cloud is going to be a part of Scaling New Heights (a leading accounting technology event and the largest gathering of bookkeepers and accountants.

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A Clear & Simple Guide to Accounting Workflow Management

Jetpack Workflow

We’ve talked with hundreds of accounting professionals over the years and gained an inside look at how the top CPA firms organize their client work. The difference between an unorganized accounting firm and one that runs like clockwork is that organized firms implement and continually improve their workflows. In this guide, we’ll explain the importance of accounting workflows, offer examples and an accounting workflow management solution you can start using today, and share how to overcome cha

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S&P 500 companies boost profit by stripping more items from earnings

Accounting Today

Large companies are bolstering their adjusted earnings per share by excluding items such as litigation expenses and amortization of intangible assets from their net income.

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Intuit Discontinues Melio powered Bill Pay in QBO

Insightful Accountant

Bill Pay powered by Melio has been discontinued for QuickBooks Online users as of May 21st.

Billing 52
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Massachusetts risks $1B in lost tax revenue as rich flee

Accounting Today

If the current trend continues, more than 96,000 residents making a combined $19.2 billion in adjusted gross income are set to leave the state annually by 2030.

Tax 182
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

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Sage and DonorPerfect Partner for "New" Fundraising Solution

Insightful Accountant

Sage Intacct Fundraising powered by DonorPerfect streamlines fundraising operations for nonprofits, freeing up time for them to focus on their mission impact.

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OneStream debuts "Sensible" AI suite

Accounting Today

OneStream debuted a series of AI solutions built for finance leaders.

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Xero Announces Strong and Profitable FY24 Results

Insightful Accountant

Xero has announced its strong and profitable FY24 results and Rule 40 outcome and solidifies their status as a leading global SaaS provider empowering 4.2 million users across 180 countries.

XERO 52
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Hedge fund founder on trial for £1.4B tax scam treated himself to Ferrari

Accounting Today

Testifying at a London court from a Danish prison via a video call, Sanjay Shah insisted that his controversial so-called Cum-Ex trades were lawful and that any rumors circulated in the industry were merely due to jealousy.

Tax 173
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Making Cybersecurity a Priority in 2024

Future Firm

Implementing cybersecurity measures to safeguard your firm should be a priority. Discover in this episode why it's very important. The post Making Cybersecurity a Priority in 2024 appeared first on Future Firm.

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AI specialists draw 18% more pay

Accounting Today

A PwC survey found that AI specialists can command a wage premium of up to 18% at accounting firms.

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3 Types of Data AP Departments Should Consider Analyzing

AvidXchange

Accounts payable (AP) reporting allows companies to track and report business expenses and help maintain accurate financial records. Analytics tools empower businesses to take this data to the next level, potentially achieving benefits like reduced costs and more efficient workflows. AvidXchange’s 2024 Trends Survey identified data analytics as one of the top five priorities for finance leaders this year.

AP 52
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How Procurement Transformation can streamline your Procurement Processes

Nanonets

Procurement transformation involves evolving the procurement function from performing basic administrative tasks to becoming a strategic, value-adding activity. This transformation focuses on three key elements: adopting digital technologies, implementing innovative procurement strategies, and reengineering procurement processes. In this blog, we will explore how to implement these changes effectively, with a particular focus on how procurement software can facilitate this transition.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

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Member Spotlight: O.D. Glaus Credit Executive of Distinction Award

NACM

More than 50 years ago, NACM leader and visionary O.D. Glaus founded NACM's six-level Professional Certification Program, in which credit professionals can gain the knowledge and expertise in the field of B2B credit. A program that not only equips trade creditors for the demands of their role but launches them towards unparalleled success.After O.D.

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