Accounting Today

NOVEMBER 3, 2023

Plus, Client Hub launches AI-enabled email integration; and other news from the accounting technology world.

QuickBooks 306

QuickBooks Accounting Accounting 306

Accounting Department

NOVEMBER 3, 2023

We are thrilled to announce that Episode 5 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

207

207

Accounting Today

NOVEMBER 3, 2023

Gainful employment; waste not; Mr. Plow; and other highlights of recent tax cases.

Tax 299

Tax 299

Earmark Accounting Podcast

NOVEMBER 3, 2023

David Toth of Winding River Consulting joins Blake to examine how digital marketing and AI are disrupting accounting firm marketing. They also look at how innovative firms use marketing automation, CRMs, and content marketing to generate leads and close deals from their websites. Sponsor Check out our Sponsor LiveFlow — Advanced Financial Reporting on Autopilot Chapters (00:51) - Earn Free CPE credit (01:32) - David Toth joins the show to talk about marketing for accounting firms (04:53) - How m

Accounting 104

Accounting Accounting CPA Financial Reporting 104

Advertisement

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.

Accounting

Accounting Today

NOVEMBER 3, 2023

The service's development of its newly introduced business tax accounts and recent improvements in its tax pro accounts could be jeopardized if funding is cut.

Tax 299

Tax Accounting Accounting 299

Accounting Tools

NOVEMBER 3, 2023

Related Courses Cost Accounting Fundamentals What are Step Costs? A step cost is a cost that does not change steadily with changes in activity volume, but rather at discrete points. The concept is used when making investment decisions and deciding whether to accept additional customer orders. A step cost is a fixed cost within certain boundaries, outside of which it will change.

Cost Accounting 76

Cost Accounting Budgeting Accounting Accounting 76

Accounting Tools

NOVEMBER 3, 2023

Related Courses Accounting for Income Taxes Small Business Tax Guide What is a Deferred Tax Asset Valuation Allowance? A deferred tax asset is a tax reduction whose recognition is delayed due to deductible temporary differences and carryforwards. This can result in a change in taxes payable or refundable in future periods. A business should create a valuation allowance for a deferred tax asset if there is a more than 50% probability that the company will not realize some portion of the asset.

Tax 75

Tax Accounting Accounting 75

Accounting Today

NOVEMBER 3, 2023

A recent report from Atlas VPN estimates that if the internet were shut down entirely around the world for one day, it would cost the global economy about $43 billion.

240

240

Accounting Tools

NOVEMBER 3, 2023

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Substance Over Form? Substance over form is the concept that the financial statements and accompanying disclosures of a business should reflect the underlying realities of accounting transactions. Conversely, the information appearing in the financial statements should not merely comply with the legal form in which they appear.

Financial Statements 75

Financial Statements Financial Reporting Bookkeeping Billing 75

Accounting Today

NOVEMBER 3, 2023

It's imperative now more than ever that businesses understand how to efficiently manage their sustainability investments.

Tax 182

Tax 182

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.

Payroll

Accounting Tools

NOVEMBER 3, 2023

Related Courses Cost Accounting Fundamentals What is the Production Volume Variance? The production volume variance measures the amount of overhead applied to the number of units produced. It is the difference between the actual number of units produced in a period and the budgeted number of units that should have been produced, multiplied by the budgeted overhead rate.

Budgeting 75

Budgeting Cost Accounting Accounting Accounting 75

Accounting Today

NOVEMBER 3, 2023

The unemployment rate ticked up one-tenth of a point to 3.9% as hiring slowed.

Accounting 182

Accounting Accounting Payroll 182

Accounting Tools

NOVEMBER 3, 2023

Related Courses Accountants' Guidebook Bookkeeping Guidebook The accrual basis of accounting is used to record revenues and expenses in the period in which they are earned, irrespective of the timing of the associated cash flows. However, there are times (usually involving the preparation of a tax return ) when a business may instead want to report its results under the cash basis of accounting ; the cash basis involves only recording transactions when the cash related to them is either paid out

Accruals 75

Accruals Accounting Accounting Accounts Payable 75

Bookkeepers.com

NOVEMBER 3, 2023

Start your bookkeeping career the right way with these nine bookkeeping basics for beginners! Bookkeeping Basics 101: 9 Bookkeeping Basics for Beginners 1. Assets Assets are the things the business owns. Tangible and intangible assets are part of the Balance Sheet. Intangible assets include royalty and goodwill, while tangible assets include the following: Cash Account … 9 Bookkeeping Basics Every Bookkeeper Needs Read More » The post 9 Bookkeeping Basics Every Bookkeeper Needs appear

Bookkeeping 72

Bookkeeping Accounting Accounting 72

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.

Tipalti

NOVEMBER 3, 2023

Choosing the right AP automation software for your business is not as easy as it seems. You must dig through a pile of features, tools, and integrations to decide on one that best fits your business. Here, we’ve tried to create a few scenarios to help you decide between Tipalti and Stampli.

AP 52

AP Invoicing 52

Accounting Fun

NOVEMBER 3, 2023

Your Accountant begins the initial interview with "When I was in prison." After completing your tax return showing a balance due of £3,000, your Accountant asks for it in cash. You see your Accountant on TV. On Crimewatch Your Accountant thinks "amortisation" is Italian for "making love". Every time you visit Your Accountant in their office, they're smoking a joint.

Accounting 45

Accounting Accounting Tax 45

Bookkeepers.com

NOVEMBER 3, 2023

Start your bookkeeping career the right way with these nine bookkeeping basics for beginners! Bookkeeping Basics 101: 9 Bookkeeping Basics for Beginners 1. Assets Assets are the things the business owns. Tangible and intangible assets are part of the Balance Sheet. Intangible assets include royalty and goodwill, while tangible assets include the following: Cash Account … 9 Bookkeeping Basics Every Bookkeeper Needs Read More » The post 9 Bookkeeping Basics Every Bookkeeper Needs appear

Bookkeeping 40

Bookkeeping Accounting Accounting 40

Accounting Tools

NOVEMBER 3, 2023

Related Courses Accounting for Freight What is Freight Out? Freight out is the transportation cost associated with the delivery of goods from a supplier to its customers. This cost should be charged to expense as incurred and recorded within the cost of goods sold classification on the income statement. Freight out is not an operating expense , since the supplier only incurs this cost when it sells goods to a customer (rather than incurring it as part of day-to-day company operating activities).

Billing 40

Billing Accounting Accounting 40

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

NACM

NOVEMBER 3, 2023

?️ On today's episode of NACM's Extra Credit podcast … Every journey to success begins with education. Whether you aspire to secure a significant promotion, a raise or greater respect in the credit industry, it's crucial to demonstrate your dedication to your profession.⭐️ Hear from Scott Woitas; Jen Nelson-Armstrong; Anthony "Tony" Mitchell and Lo.

5

5

Accounting Tools

NOVEMBER 3, 2023

Related Courses Capital Budgeting What is Capital Rationing? Capital rationing is the decision process used to select capital projects when there is a limited amount of funding available. Rationing may also be imposed when there is enough funding, but management is restricting it from certain parts of the business in order to emphasize investments in other areas.

Budgeting 40

Budgeting 40

Accounting Today

NOVEMBER 3, 2023

Senate Majority Leader Chuck Schumer vowed the Senate won't vote on the House bill and instead will produce a broader emergency package without cuts to the IRS.

Billing 298

Billing Tax 298

Accounting Tools

NOVEMBER 3, 2023

Related Courses Agricultural Accounting What is Livestock? Livestock is cattle, hogs, horses, poultry, sheep, and small animals bred and raised by an agricultural producer. A farm may raise livestock for sale. The concept is generally limited to domesticated animals. Accounting for Livestock When animals are available and held for sale, the farm accountant can value the livestock at their selling price, less any estimated costs of disposal.

Accounting 40

Accounting Accounting 40

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

LedgerDocs

NOVEMBER 3, 2023

With tax season just around the corner it is the perfect time to begin thinking about how to get the most out of your deduction. Maximizing your tax return from 2023 requires some careful pre-planning and strategic decision making throughout the year. Know Your Total Taxable Income The first step in ensuring you get the best return possible is to calculate your total taxable income.

Tax 105

Tax Collections Bookkeeping Invoicing 105

Accounting Tools

NOVEMBER 3, 2023

Related Courses Agricultural Accounting What are Production Animals? Production animals provide something that can be sold, other than their progeny. An example is sheep, which can be used to sell wool and meat. Accounting for Production Animals The accumulated cost of production animals begins to be charged to expense through depreciation once the animals reach maturity.

Accounting 40

Accounting Accounting 40

Accounting Today

NOVEMBER 3, 2023

"I relied upon Mazars and our accounting team to tell me" about the preparation of a 2017 Trump financial statement, Donald Trump Jr. told the judge, who is hearing the case without a jury. "That's why we have accountants.

Financial Statements 298

Financial Statements Accounting Accounting Financial Reporting 298

Accounting Tools

NOVEMBER 3, 2023

Related Courses Capital Budgeting The payback period is the amount of time required for cash inflows generated by a project to offset its initial cash outflow. This calculation is useful for risk reduction analysis, since a project that generates a quick return is less risky than one that generates the same return over a longer period of time. There are two ways to calculate the payback period, which are described below.

Budgeting 40

Budgeting Financial Analysis Accounting Accounting 40

Advertisement

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

Accounting Tools

NOVEMBER 3, 2023

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management Guidebook What is Overtime? Overtime is hours worked in excess of normal working hours. The concept is typically used in regard to the overtime premium associated with these excess working hours, which is usually set at 1.5x the normal hourly pay rate. Normal working hours are defined based on federal, state, or local rules but are typically eight hours per day for a five-day work week, or as 40 hours wor

Payroll 40

Payroll Accounting Accounting 40

Accounting Tools

NOVEMBER 3, 2023

Related Courses Sales and Use Tax Accounting Sales tax is a tax imposed on retail goods and services at the point of sale. The following steps show how to calculate it. Step 1. Determine Whether Nexus Exists Nexus is when you have a place of business within the boundaries of a government jurisdiction, or use your own vehicles to transport goods there, or send your employees into that area on business.

Tax 40

Tax Invoicing Accounts Receivable Accounts Receivable 40

Accounting Tools

NOVEMBER 3, 2023

Related Courses Corporate Finance Treasurer's Guidebook What is Trading on Equity? Trading on equity occurs when a company incurs new debt (such as from bonds , loans , or preferred stock ) to acquire assets on which it can earn a return greater than the interest cost of the debt. If a company generates a profit through this financing technique, its shareholders earn a greater return on their investments.

Corporate Finance 40

Corporate Finance Tax Financial Analysis 40

Accounting Tools

NOVEMBER 3, 2023

Related Courses Accounting for Income Taxes What is a Permanent Difference in Tax Accounting? A permanent difference is a business transaction that is reported differently for financial reporting and tax reporting purposes, and for which the difference will never be eliminated. A permanent difference that results in the complete elimination of a tax liability is highly desirable, since it permanently reduces a firm’s tax liability.

Financial Reporting 40

Financial Reporting Tax Accounting Accounting 40

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.

Invoicing