Accounting Today

FEBRUARY 9, 2024

The 150-hour requirement for obtaining a CPA license has led to a decline in Black and Latino CPAs of up to 26%, according to a research study.

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Accounting Department

FEBRUARY 9, 2024

We are thrilled to announce that Episode 12 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Accounting 208

Accounting Today

FEBRUARY 9, 2024

A provision paying for breaks for parents and business owners has earned widespread praise, but an expert says financial advisors should be on alert.

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Tax 325

NextProcess

FEBRUARY 9, 2024

The modern business world is highly technical. Many companies are digitizing and automating, putting technology to work streamlining, enhancing, and simplifying key financial processes. In the accounts payable department, automating AP cuts costs , reduces errors, speeds up processing, and improves visibility. Those benefits come from the design of quality AP software, but they’re also enabled by your company continuing to practice basic accounts payable essentials.

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Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

Accounting Today

FEBRUARY 9, 2024

Schneider Downs launches SD Digital; Bowers CPAs & Advisors relocates in Rochester; and more news from across the profession.

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Billing Platform

FEBRUARY 9, 2024

There are numerous billing frequencies available (bi-monthly, monthly, quarterly, etc.), subscription-based companies typically offer an annual subscription or monthly payment plan. Many will give customers a choice between the two, but have you given much thought as to which payment model is better for your business? While there’s not a definitive answer to this question, there are some basic tactics that will put you on track to long-term growth and profitability, while providing wide customer

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CSI Accounting & Payroll

FEBRUARY 9, 2024

When you own a small business, you don’t always have enough cash to make the moves you want to make – and that’s okay! There are plenty of lending options available to you. How do you know which one to choose? At CSI Accounting & Payroll, we’ve worked with small business finances for over 50 years. When our clients need to borrow money, they ask us: What are the long-term loan options for small businesses?

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Accounting Today

FEBRUARY 9, 2024

The Internal Revenue Service revised its frequently asked questions page on the Premium Tax Credit used for buying health insurance through the ACA marketplaces.

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Tax 243

AvidXchange

FEBRUARY 9, 2024

With all the buzz surrounding artificial intelligence (AI), many accounts payable (AP) professionals are wondering how to use AI in accounting and finance. The technology can streamline tasks and ease the daily workload. In this article, we’ll share tips on how to use AI in accounting and finance uncovered during our recent “ AI 301: Debunking Common Misconceptions About AI in AP ” episode on the AvidXchange Net 30 podcast.

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Accounting Today

FEBRUARY 9, 2024

The American Institute of CPAs sent letters to the Treasury and the IRS asking for filing relief for taxpayers affected by major disasters and for more guidance on information returns for grantor trusts.

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Tax 195

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Accounting

Nanonets

FEBRUARY 9, 2024

ICFR is more than a "check the block" exercise; effective and quality ICFR describes an entire ethos of financial transparency and accountability. ICFR runs the gamut of control systems and processes a company takes to ensure the validity of its financial statements and stay out of hot water with regulators, investors, and stakeholders. While ICFR seems complex, considering the abundant resources available, many steps are common sense and easily implemented.

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Accounting Today

FEBRUARY 9, 2024

The short report by Muddy Waters accuses Fairfax of manipulating asset values to the point that a "conservative adjustment" would reduce its book value by roughly $4.5 billion, or 18% lower than reported.

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Insightful Accountant

FEBRUARY 9, 2024

Gary, Tim, and Kaleb discuss leveraging integrated tools to achieve "Zero AR" and address talent shortage, capacity planning, and firm growth.

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AR 52

Accounting Today

FEBRUARY 9, 2024

Many downstream accounting tech solutions are simply not ready for full automation and AI-powered transactions.

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Accounting Accounting 250

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Accounting

Accounting Fun

FEBRUARY 9, 2024

His Majesty's Revenue and Customs is typically only ever referenced as HMRC. Not everyone uses the acronym politely. A couple of variations I have heard are: HM Mars C - emphasising that negotiations can be warlike (Mars being the Greek god of war) and HM Arsy - an equally negative sounding approach. Any more?

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Accounting Tools

FEBRUARY 9, 2024

What is Working Capital? Working capital is the amount of an entity's current assets minus its current liabilities. The result is considered a prime measure of the short-term liquidity of an organization. A strongly positive working capital balance indicates robust financial strength, while negative working capital is considered an indicator of impending bankruptcy.

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Tipalti

FEBRUARY 9, 2024

Vendor management is the process of supporting and empowering vendors through establishing and nurturing long-term relationships with them.

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Vendor Management Accounts Payable Accounts Payable Accounting 40

Accounting Tools

FEBRUARY 9, 2024

Revenue Recognition for Contributions When a not-for-profit entity receives a contribution, it should recognize revenue when the contribution is received, and measure the amount of revenue at the fair value of the contribution. If there are restrictions imposed by the donor, this impacts how the contribution is classified, as either a change in: Unrestricted net assets Temporarily restricted net assets Permanently restricted net assets A restriction by a donor can impact the timing of revenue re

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

Financial Statements

NACM

FEBRUARY 9, 2024

?️On today's episode of NACM's Extra Credit podcast. In the B2B credit industry, credit managers can also use scores to help gauge how much credit to extend and make credit decisions.⭐Hear from Kristin Caswell, MBA; Nate Yagle, MBA; and David Escobar!#creditscore#creditrisk#creditmanager#ordertocash#b2bpayments#b2btrade#riskmanagement#crediteduc.

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Accounting Tools

FEBRUARY 9, 2024

What is Revenue Recognition? Revenue recognition is the conditions under which an organization can recognize a sale transaction as revenue. The intent of revenue recognition is to do so in a manner that reasonably depicts the provision of services to customers , for which consideration is paid that reflects the amount to which the seller expects to be entitled.

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Collections Auditing Accounting Accounting 40

Intuit

FEBRUARY 9, 2024

At Intuit, we believe that growth is a beautiful thing, not only for our company but for our employees as well. That’s why we’re thrilled to announce that Intuit was recently recognized as one of Canada’s Best Workplaces for Professional Development. This honor is followed by another recent accolade, being named on the Forbes list of Canada’s Best Employers 2024.

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Accounting Tools

FEBRUARY 9, 2024

Downsizing involves laying off employees for a variety of reasons, such as a downturn in sales volume , the closure of a facility, or an acquisition that results in redundant positions. In these situations, the employment of a number of employees is terminated through no fault of their own. A variation on the concept is a furlough, where employees are laid off but also offered the opportunity to return at a later date; this concept is most common in seasonal industries or where there is an expec

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Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Accounting Tools

FEBRUARY 9, 2024

What is the Cost to Cost Method? The cost to cost method is used by project accountants to determine the percentage of completion of a project, and therefore the amount of revenue that can be recognized. It is an underlying component of the percentage of completion method. The cost to cost method is a favored approach by those who want to recognize the largest possible proportion of project revenues in the early stages of a project, since most of the direct material costs are incurred at the beg

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