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 278
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The 2024 Best Firms for Women

Accounting Today

Our annual ranking of the most female-friendly workplaces in accounting.

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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

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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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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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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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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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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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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.

52
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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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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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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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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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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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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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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.

52
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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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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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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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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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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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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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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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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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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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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.

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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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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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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Intake To Procure

Tipalti

Learn how an intake procurement system can significantly boost the performance and efficiency of both your procurement processes and overall business operations.

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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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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.