Tue.Oct 08, 2024

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Internal auditors less confident on AI versus other threats

Accounting Today

A survey of internal audit and IT leaders found that while they identity AI as a growing technology risk, they have the least confidence in their ability to evaluate and handle its risks versus other technologies.

Auditing 338
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Avoid These Common Budgeting Mistakes for Your Business Going into 2025

Accounting Department

Budgeting is crucial for any business that wants to succeed in the long term. As a business owner of a small to medium-sized business, you may have experienced the challenges of creating and implementing a budget.

Budgeting 224
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ERC claim revisions, CAMT guidance and other IRS updates

Accounting Today

Proposals on the Corporate Alternative Minimum Tax and Alternative Fuel Vehicle Refueling Property Credit lead the wave of legislative and procedure changes out of the Internal Revenue Service last month.

Tax 321
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Achieving Continuous AP Improvement in iCompleat

Compleatable

Whether you’re a long time AP Automation user or you’ve recently implemented AP Automation software, one thing is for certain: Maintaining your AP Process will be crucial to the overall success of your business. Achieve continuous improvement by regularly reviewing system settings, monitoring transactions or reports, and analyzing your overall process.

AP 100
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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The 2024 Best Firms for Women: Freedom of choice

Accounting Today

The top workplaces in accounting for women know that their female talent need options

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Intellectual capital definition

Accounting Tools

What is Intellectual Capital? Intellectual capital is the technical expertise and process knowledge contained within an organization. If intellectual capital gives an organization a significant competitive advantage , it is entirely possible that a large portion of the firm's valuation is derived from this expertise and knowledge. If a firm does not recognize the value of its intellectual capital, it may engage in adverse personnel management practices, triggering an outflow of valuable employee

More Trending

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10 Ways to Use Automation Software to Address Top CFO Concerns Going into 2025

NextProcess

Over the past few years, the role of the CFO has expanded to include new responsibilities. Priorities shift and focuses change as the world around us changes in response to technological advances, the economic and political landscape, and the aftermath of the COVID-19 pandemic. As we look ahead to the next year, CFOs face a variety of challenges. For many of these challenges, implementing Business Process Automation (BPA) software in financial departments can make a big difference.

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When leaders tolerate the intolerable

Accounting Today

Whether it's the toxic client you can't afford to lose, the partner who refuses to align with the firm's vision and values, or the superstar employee who won't cooperate, high-stakes scenarios inevitably have a negative impact on the firm.

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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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Are you selling toothfish or sea bass?

Accounting Today

Creating unique, clear and meaningful names for your offerings sets your firm apart from competitors and communicates value more effectively to clients.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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Acumatica 2024 R2 Construction Edition Update

Insightful Accountant

Each of the Acumatica Editions were included in the 2024 R2 update release. This article discusses various enhancements to the Construction Edition. Future Insightful Accountant articles will cover other Acumatica Edition articles.

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In the blogs: Letter carriers

Accounting Today

W-2G income; addressing the CPA shortage; qualities of a crypto tax pro; and other highlights from our favorite tax bloggers.

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Jetpack Workflow Product Updates (August & September 2024)

Jetpack Workflow

Typically each month we will be sharing a quick product update on Jetpack Workflow. However, the last two months our team was focused on building some bigger features, so this update will combine both August and September together. What you’ll find in this content can be things like product improvements, new feature releases, what is on the upcoming roadmap, and anything else that is relevant to your accounting workflow success.

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OpenAI's Entity Selection Mistake Will Cost Billions

Blake Oliver

Did you know that OpenAI, the company behind ChatGPT, is structured as a nonprofit? On a recent episode of The Accounting Podcast , I shared how this setup may cost OpenAI's founders and investors billions to fix. At the top, we have OpenAI Inc., a Delaware 501(c)(3) nonprofit, which controls OpenAI GP LLC—the general partner managing the for-profit entities OpenAI LP and OpenAI Global LLC.

Tax 52
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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The Value of Vendor Relationship Management  

AvidXchange

Businesses rely heavily on vendors for goods and services, making these relationships critical to daily operations. In today’s competitive business landscape, effective vendor relationship management can help your company maintain a strong supply chain, secure the lowest costs, and improve overall efficiency. Properly managing vendor relationships can result in better communication, higher quality products, timely delivery, and even cost savings.

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Tax Considerations for AI Research and Development

Insightful Accountant

As artificial intelligence (AI) and machine learning (ML) continue to revolutionize industries, tax preparers face new challenges in navigating the complex landscape of research and development (R&D) tax credits for their clients.

Tax 52
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The Impact of Technology on Accounting for Singapore SMEs

Counto

The Impact of Technology on Accounting for Singapore SMEs This SOP covers how advancements in technology have made accounting easier and more efficient for businesses of all sizes, especially small companies in Singapore. Small business owners often face challenges with manual bookkeeping, time-consuming processes, and staying compliant with tax regulations.

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Best OCR APIs in 2024

Nanonets

Optical Character Recognition (OCR) technology has become a vital component for businesses looking to automate document processing and streamline data extraction. Very simply put, OCR involves scanning documents and converting the scanned image into machine-readable text, allowing organisations to process a wide variety of documents, such as invoices, contracts, and receipts, without manual data entry.

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Back to Basics with Reconciliations

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.

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Counto: Your Partner for Effective Virtual CFO Services for SMEs in Singapore

Counto

Counto: Your Partner for Effective Virtual CFO Services for SMEs in Singapore Running a small business in Singapore can be incredibly rewarding, but it also comes with financial complexities. As your business grows, managing finances becomes a top priority. Hiring a full-time Chief Financial Officer (CFO) can be prohibitively expensive for many small businesses.

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FinOps FOCUS: Basics, Benefits, and How To Get Started

finout

The volume of data generated in cloud environments is immense, with billions of rows created every hour. For companies using multiple cloud services, managing this data becomes more complicated due to different data/report formats from each provider. Amazon Web Services (AWS), for example, delivers billing data through Cost and Usage Reports, whereas Microsoft Azure uses Cost Management APIs.

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The Complete Guide to NetSuite Integrations in 2024

Nanonets

Oracle NetSuite is the most popular mid-market ERP (enterprise resource planning) software in the world today, and has more than 40,000 customers worldwide. While the core ERP is used by pretty much all of these businesses, more than two-thirds of them also use NetSuite to make their business workflows more efficient - by merging customer relationship management (CRM) and ERP tools into a unified, cloud-based system.

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Procure-to-Pay Automation

Tipalti

Ready to streamline your procure-to-pay process with automation? Learn winning strategies and effective tactics to implement a successful P2P system, enhancing efficiency.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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APP Academy Featuring Quadient

Insightful Accountant

Quadient took the spotlight at the Future Forward App Academy, showcasing their award-winning AP (Accounts Payable) and AR (Accounts Receivable) automation solutions.

AR 52
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Procure-to-Pay Automation

Tipalti

Ready to streamline your procure-to-pay process with automation? Learn winning strategies and effective tactics to implement a successful P2P system, enhancing efficiency.

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October Webinars and Training Sessions

Insightful Accountant

Insightful Accountant is proud to offer a variety of webinars and training sessions every month. Here's what we have scheduled for October.

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All the Highlights from Tipalti’s 2024 Illuminate Conference

Tipalti

This 2024 Illuminate, we wanted to delve even deeper into our product and provide more resources on how to maximize the Tipalti experience.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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October Webinars and Training Sessions

Insightful Accountant

Insightful Accountant is proud to offer a variety of webinars and training sessions every month. Here's what we have scheduled for October.

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All the Highlights from Tipalti’s 2024 Illuminate Conference

Tipalti

This 2024 Illuminate, we wanted to delve even deeper into our product and provide more resources on how to maximize the Tipalti experience.

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Trump Jr. takes aim against Deloitte contracts

Accounting Today

Donald Trump Jr. is threatening Deloitte's lucrative contracts with the federal government because one of the firm's executives reportedly leaked private conversations with JD Vance to the media.

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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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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.