Accounting Today

AUGUST 29, 2024

This year's selection of outstanding firm leaders fill multiple roles with aplomb

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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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Financial Reporting 218

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.

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Tax 311

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.

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Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Invoicing

Accounting Today

AUGUST 29, 2024

The 2024 MP Elite share their strategies for solving accounting's current talent shortage.

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Accounting Accounting 306

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.

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QuickBooks Accounting Accounting 91

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.

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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.

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Financial Statements Auditing Accounting Accounting 235

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.

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Financial Statements Accounting Accounting 75

Accounting Today

AUGUST 29, 2024

The Top 20 Firm reported $590 million net revenue in FY 2024.

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Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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.

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Financial Analysis Financial Statements Customer Service Collections 75

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.

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Accounting Accounting 173

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.

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Financial Operations Financial Operations Accounting Accounting 59

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.

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Bookkeeping 173

Advertiser: Paycor

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

Payroll

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.

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CPA Accounting Accounting 59

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.

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Accounting Accounting 140

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.

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Collections Record Keeping Invoicing Accounts Payable 52

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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Outsourced Bookkeeping Financial Reporting CPA Accounting 52

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

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.

Collections 52

Collections Record Keeping Invoicing Accounts Payable 52

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.

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Accounts Receivable Accounts Receivable Account Receivables Collections 52

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.

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Accounting Accounting 52

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.

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Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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

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.

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Invoicing Data Entry Financial Records Financial Operations 52

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.

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Accounts Receivable Accounts Receivable Account Receivables Collections 52

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!

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CPA Accounting Accounting Payroll 52

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.

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Financial Statements Bookkeeping Auditing Accounting 40

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 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).

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Accounting Accounting 40

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.

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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.

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Deposits Billing Tax Accounting 40

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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Financial Statements Tax Accounting Accounting 40

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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