Accounting Today
AUGUST 29, 2024
Some IRS policies may favor large multinational corporations that use foreign no-tax or low-tax jurisdictions for the sole purpose of avoiding paying U.S. taxes, according to a TIGTA report.
Accounting Department
AUGUST 29, 2024
In the dynamic world of small business, staying ahead means constantly measuring and optimizing performance. That's where Key Performance Indicators (KPIs) come in. These metrics help business owners, entrepreneurs, and startups monitor their progress, identify areas for improvement, and make data-driven decisions. Now that we understand the importance of KPIs, let's focus on the top 5 essential KPIs for e-commerce businesses.
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Accounting Today
AUGUST 29, 2024
Close personal relationships; home is where the scam is; tort trouble; and other highlights of recent tax cases.
Insightful Accountant
AUGUST 29, 2024
Sheri Radler, Insightful Accountant's 2023 Up-n-coming ProAdvisor of the Year, provides a 'fresh perspective' on how QuickBooks Live Expert Assist can support and grow your ProAdvisor practice.
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
AUGUST 29, 2024
This year's selection of outstanding firm leaders fill multiple roles with aplomb
Insightful Accountant
AUGUST 29, 2024
Alee Cochrane of Sydney, Australia, and one of our Top 50 International ProAdvisors for 2024 is our featured ProAdvisor this week.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
AUGUST 29, 2024
What are Tests of Controls? A test of controls is an audit procedure to test the effectiveness of a control used by a client to prevent or detect material misstatements. The intent of these tests is to decide whether the controls are adequate for the detection and prevention of material misstatements. A test of controls is made irrespective of the dollar amount of the underlying business transaction.
Accounting Today
AUGUST 29, 2024
As economic conditions fluctuate and accounting standards evolve, auditors face increasing challenges in evaluating how organizations estimate and report credit losses and providing a comprehensive overview of credit loss assessment in financial statement audits.
Accounting Tools
AUGUST 29, 2024
What is Foreign Currency Translation? Foreign currency translation is used to convert the results of a parent company's foreign subsidiaries to its reporting currency. This is a key part of the financial statement consolidation process, resulting in a set of financial statements that are presented solely in the parent company’s reporting currency. The steps in this translation process are as follows: Determine the functional currency of the foreign entity.
Accounting Today
AUGUST 29, 2024
Sage's new generative AI Copilot solution, set for US release later this year, is meant to make powerful automation capacities more accessible.
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 Tools
AUGUST 29, 2024
What are the Limitations of Ratio Analysis? Ratio analysis involves comparing information taken from the financial statements to gain a general understanding of the results, financial position , and cash flows of a business. This analysis is a useful tool, especially for an outsider such as a credit analyst, lender , or stock analyst. These people need to create a picture of the financial results and position of a business just from its financial statements.
Accounting Today
AUGUST 29, 2024
The company was hit with a $24 million penalty as a result of an accounting scheme designed to inflate earnings.
Ace Cloud Hosting
AUGUST 29, 2024
In today’s digital era, businesses rely on cloud accounting to manage their financial operations. Cloud accounting’s accessibility and cost-effectiveness have made it an integral tool for small to large firms.
Accounting Today
AUGUST 29, 2024
Members of Accounting Today's Managing Partner Elite are investing in artificial intelligence for efficiency — but they're cautious about it.
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.
Ace Cloud Hosting
AUGUST 29, 2024
Accounting is the language of business. Whether you are a small business owner, CPA firm, or an individual who handles the financial tasks of your family or others, understanding the.
Accounting Today
AUGUST 29, 2024
The Top 20 Firm reported $590 million net revenue in FY 2024.
NextProcess
AUGUST 29, 2024
In the food and beverage industry, a reliable procurement strategy is vital to success. Whether your company is part of food and beverage production or distribution, you’re just one step in the path food and beverages take from raw materials to consumers. How well you manage procurement, purchasing, and suppliers can make or break a business. What you’ll be purchasing depends on the industry niche your company occupies.
Outsourced Bookeeping
AUGUST 29, 2024
The global accounting shortage is real. According to Bloomberg, the U.S. alone is short of more than 340,000 accountants, highlighting the accounting industry’s significant gap between supply and demand. The talent pipeline is also drying up as the number of students taking the CPA exam continuously drops yearly, the 2024 numbers being the lowest since 2006.
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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.
NextProcess
AUGUST 29, 2024
In the food and beverage industry, a reliable procurement strategy is vital to success. Whether your company is part of food and beverage production or distribution, you’re just one step in the path food and beverages take from raw materials to consumers. How well you manage procurement, purchasing, and suppliers can make or break a business. What you’ll be purchasing depends on the industry niche your company occupies.
Gaviti
AUGUST 29, 2024
Your accounts receivable (A/R) collections process seems simple enough on paper. You provide services, send an invoice, and collect payment. Right? Not so fast. Many different accounts receivable collection techniques exist, and many of them should be used in conjunction with one another for the best results. Let’s review a few of the most popular ones so that you can verify that you’re doing all you can to optimize your accounts receivable collections.
Accounting Tools
AUGUST 29, 2024
What is Goodwill Impairment Testing? Goodwill impairment occurs when the recognized goodwill associated with an acquisition is greater than its implied fair value. Goodwill is a common byproduct of a business combination, where the purchase price paid for the acquiree is higher than the fair values of the identifiable assets acquired. After goodwill has initially been recorded as an asset, it must be regularly tested for impairment.
AvidXchange
AUGUST 29, 2024
The Institute of Finance & Management (IOFM)’s Finance & Accounting Appreciation Week 2024 is September 23-27, 2024. This year, make sure to give special recognition to your accounts payable (AP) team. These unsung heroes literally keep the lights on at your business, making sure bills are paid on time and you remain in good standing with suppliers.
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
oAppsNet
AUGUST 29, 2024
Invoices are a fundamental part of business transactions, serving as a record of goods or services provided and the corresponding payment due. However, with technological advancements, traditional invoices are evolving into more sophisticated formats like Factur-X. Understanding the differences between standard invoices and Factur-X can help businesses choose the best invoicing method to enhance efficiency, accuracy, and compliance.
Gaviti
AUGUST 29, 2024
No modern business can hope to thrive without the ability to predict the future. This may sound impossible, but forecasting is a skill. It is also a science that artificial intelligence has mastered. Short-term accounts receivable forecasting is especially difficult because it involves digging beyond general patterns. Regardless of the deadline on the invoice, you must determine when and if clients might pay.
accountingfly
AUGUST 29, 2024
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 accounting candidates with no upfront cost. These are just a few of our top remote accounting candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!
Accounting Tools
AUGUST 29, 2024
What is the Materiality Principle? The materiality principle states that an accounting standard can be ignored if the net impact of doing so has such a small impact on the financial statements that a user of the statements would not be misled. Under generally accepted accounting principles ( GAAP ), you do not have to implement the provisions of an accounting standard if an item is immaterial.
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.
Accounting Tools
AUGUST 29, 2024
What is an Income Beneficiary? An income beneficiary is a person to whom the net income of a trust is or may be payable. Income beneficiaries are identified in the trust agreement of a trust. This person is only entitled to the trust income during the term of the trust, or until a designated event occurs (such as the beneficiary reaching a certain age, such as 21 years old).
Accounting Tools
AUGUST 29, 2024
What is the Real Interest Rate? The real interest rate is the stated interest rate associated with an investment or loan , minus the inflation rate. This is a valuable concept when there is a significant amount of inflation, or when the inflation rate is projected to increase. However, it is inherently difficult to predict, given the many inputs that cause inflation to occur.
Accounting Tools
AUGUST 29, 2024
What is the Risk-Free Rate of Return? The risk-free rate of return is the return expected from an investment that is considered to have zero risk of default. In practice, the 3-month Treasury Bill is assumed to have a risk-free rate of return. This rate of return establishes the minimum threshold for a rate of return on any investment, since an investor would logically invest in Treasury Bills rather than invest in anything else that offered a lower rate of return.
Accounting Tools
AUGUST 29, 2024
What is the Net Worth Ratio? The net worth ratio states the return that shareholders could receive on their investment in a company, if all of the profit earned were to be passed through directly to them. Thus, the ratio is developed from the perspective of the shareholder, not the company, and is used to analyze investor returns. The ratio is useful as a measure of how well a company is utilizing the shareholder investment to create returns for them, and can be used for comparison purposes with
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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.
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