Thu.Apr 18, 2024

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Accountants feel more upbeat about global economy

Accounting Today

Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.

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The ADC Team Attends the 2024 EOS Conference

Accounting Department

Last week, the AccountingDepartment.com team attended the 2024 Entrepreneurial Operating System (EOS) Conference in San Diego, CA.

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Poor cash flow can sink any business

Accounting Today

If an enterprise doesn't accurately measure and manage cash flow effectively, it won't be able to make sound financial decisions for the future.

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8 Accounts Payable Trends to Watch

Cevinio

How AI and RPA Are Transforming Accounts Payable Processes in the Year Ahead Introducing Our Whitepaper: “8 Accounts Payable Trends to Watch” In the dynamic landscape of financial operations, staying ahead means understanding the evolving trends shaping the future of Accounts Payable (AP). Our latest whitepaper delves into “8 Accounts Payable Trends to Watch: How AI and Robotics Are Transforming Accounts Payable Processes in the Year Ahead.” As businesses navigate through

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Tax Fraud Blotter: Severe and widespread

Accounting Today

Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.

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Feature Focus Fridays - First Look at Figured

Insightful Accountant

Murph takes a first look at 'Figured', a cloud-based agribusiness software app that works with either QuickBooks Online or Xero and that he thinks is '"perfect for farming and ranching.

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How to Sell Advisory Services at Your Firm w/ Adam Lean

Jetpack Workflow

Podcast Summary In this insightful episode of the “Growing Your Firm” podcast, brought to you by Jetpack Workflow, host David Cristello is joined by special guest Adam Lean , CEO and co-founder of The CFO Project. Adam shares his expertise on how accountants can go beyond traditional number-crunching by engaging with clients through meaningful conversations that resemble therapeutic sessions.

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Becoming a remote partner

Accounting Today

The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.

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Nailing cash flow statements: How to ensure you know where your business stands

Plooto

Managing cash flow effectively is an essential aspect of running a business smoothly. However, many small businesses struggle with cash flow management, especially if they don’t have a lot of experience in bookkeeping and accounting.

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RSM Int'l names new CEO

Accounting Today

Ernest John Nedder, a partner and chief strategy officer at RSM US LLP, will be the next CEO of the RSM International network, succeeding longtime CEO Jean Stephens on June 1.

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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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Accounting for contingencies

Accounting Tools

What is a Contingency? A contingency arises when there is a situation for which the outcome is uncertain, and which should be resolved in the future, possibly creating a loss. This situation commonly arises when a business is the defendant in a lawsuit, or has guaranteed the payment of a debt incurred by a third party. Examples of Contingencies As an example of a contingency, Armadillo Industries has been notified by the local zoning commission that it must remediate abandoned property on which

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Avalara's new president to emphasize customer experience

Accounting Today

Ross Tennenbaum said he intends to improve its customer experience, and hinted at an e-invoicing partnership with a blue chip company.

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How Google Axion Processor Can Improve Workload Efficiency?

Economize

Google Axion Processor is a groundbreaking development in custom silicon chips, a result of Google’s relentless pursuit of innovation. These custom Arm®-based CPUs represent a significant leap forward in computing technology, with industry-leading performance and energy efficiency.

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SEC's market surveillance tool called unconstitutional in Texas lawsuit

Accounting Today

The lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail.

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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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What Is A Purchase Order And How Is It Different From An Invoice?

Invoicera

Introduction Starting out a new business venture? Catching up on a few business terms can help you become a Pro early! While starting out your own new business venture can be really exciting, it can be nerve-wrenching too at the same time. Unfamiliarity with new business terms can cause a hindrance in understanding and communicating with clients. Especially, when related to the sale of physical goods, you need to catch up fast with the inside business terms.

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Remote partners open up new markets

Accounting Today

Some remote partners act as a beachhead in new markets, allowing access to clients far beyond a firm's local geography.

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De Minimis Safe Harbor Election: Who, How, and What Amount?

CSI Accounting & Payroll

When you buy a fixed asset for your small business, how are you supposed to handle that in your books? Over the years, the government has created a few methods to choose from. At CSI Accounting & Payroll, we’ve worked with monthly accounting for small businesses for over 50 years. We’ve advised thousands of prospective clients on how they can handle fixed assets, including the newest method: the De Minimis Safe Harbor election.

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Fighting stubborn racial disparities in homeowner tax subsidies

Accounting Today

Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.

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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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I'm remembering April 19th 1995 today.

Insightful Accountant

This is the day that I rise early and head to the cemetery to remember my friend, Ted L. Allen, who died in the bombing of the Alfred P. Murrah Federal Building in Oklahoma City.

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oAppsNET Cash Apps: Unlocking Versatile Use Cases

oAppsNet

In today’s fast-paced digital landscape, cash apps have revolutionized how we manage our finances. Among these innovative platforms, oAppsNET Cash Apps stand out for their versatility and comprehensive features. From personal budgeting to business expense management, oAppsNET Cash Apps offer various use cases to streamline financial transactions and optimize cash flow.

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B2B Payment Fraud: How AP Departments Can Reduce Risk

AvidXchange

Payment fraud is a major concern in accounts payable (AP) departments. According to a recent survey, “ The State of B2B Payment Security in 2024 ,” conducted by AvidXchange and the Institute of Finance & Management (IOFM), 76% of AP leaders said their department has experienced payment fraud in the past calendar year. Though opportunities for payment fraud are prevalent in today’s AP departments and the related financial losses are significant, many organizations do not have adequate measure

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Top Remote Accountants for Hire | April 18, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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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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Dashboard metrics to Keep a Pulse on your Small Biz Performance

Reconciled Solutions

With the right metrics to track your small biz performance, you can avert disaster before it strikes your business. Find out how. The post Dashboard metrics to Keep a Pulse on your Small Biz Performance appeared first on Reconciled Solutions.

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A Guide to Invoice Management in NetSuite

Nanonets

In today's fast-paced business environment, efficient management of accounts receivable (AR) and accounts payable (AP) is crucial for maintaining a healthy cash flow. Invoices are an essential part of this. Invoice creation and Invoice processing are critical steps in these processes. NetSuite's robust invoice management system offers a powerful solution to automate and streamline the invoicing process, boosting efficiency and improving your bottom line.

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The Importance of the Accounts Receivable Aging Report

Gaviti

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. Also known as “ accounts receivable reconciliation ,” this is a common report that offers a broad overview of a company’s financial status as well as the status of its customers and their abilities to pay. What Is an AR Aging Report?

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Income tax payable definition

Accounting Tools

What is Income Tax Payable? Income tax payable is a liability that an entity incurs that is based on its reported level of profitability. The tax can be payable to a variety of governments, such as the federal and state governments within which the entity resides. Once the organization pays the income tax , the liability is eliminated. As an alternative to payment, the income tax liability can be reduced through the application of offsetting tax credits granted by the applicable government entit

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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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Top tax issues to watch after Tax Day

Accounting Today

Biden's pitch for a fair Tax Code and Werfel's quest for a digitally transformed IRS are among the key issues to pay attention to after the dust has settled on tax season.

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The difference between consignor and consignee

Accounting Tools

What is a Consignor? A consignor is the owner of goods, which it has sent to a consignee to be sold to a third party. The consignor designation commonly arises when a producer of goods does not have a sales function, and so transfers the goods to another party that has the capability to sell them on behalf of the consignor. What is a Consignee? A consignee is the recipient of goods shipped to it by a consignor.

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Trump pushed to embrace 17% income tax for all

Accounting Today

Donald Trump is under pressure from economists in his circle to embrace a flat tax rate, softer trade stance and to hold the line on the state and local tax deduction.

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Property, plant, and equipment definition

Accounting Tools

What is Property, Plant, and Equipment? Property, plant, and equipment (PP&E) includes tangible items that are expected to be used in more than one reporting period and that are used in production, for rental, or for administration. This can include items acquired for safety or environmental reasons. In certain asset-intensive industries, PP&E is the largest class of assets.

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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.