Accounting Today

MAY 16, 2024

Partly in response to the talent crunch, CFOs are reaching for digital platforms to automate, streamline and spare the highest-value talent for highest-value work.

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Accounting Department

MAY 16, 2024

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations. The role of outsourced client accounting services goes beyond basic bookkeeping; it includes managing accounts payable and receivable, payroll processing, financial reporting, and more.

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Accounts Payable Accounts Payable Accounting Accounting 235

Accounting Today

MAY 16, 2024

The American Institute of CPAs' Auditing Standards Board voted to approve a set of revisions to the rules for attestation engagements to align them with the AICPA's quality management standards.

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Auditing 312

Fidesic blog

MAY 16, 2024

Healtchcare AP Automation Case Study Fidesic and MB2 Dental. Dental practice management service provider saves 100s of hours using Fidesic.

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AP Accounts Payable Accounts Payable Accounting 130

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

MAY 16, 2024

The Top 10 Firm based in Chicago is adding a Top 75 Firm headquartered in Redwood City, California in July, only a few months after receiving private equity funding.

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Insightful Accountant

MAY 16, 2024

Insightful Accountant is hosting Future Forward 2024 next Tuesday and Wednesday. If you are a QuickBooks Pro or Premier user you will want to attend my two sessions on Migration from those products.

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QuickBooks Accounting Accounting 105

Accounting Tools

MAY 16, 2024

What is Inventory Control? Inventory control is the management of a company's inventory to maximize its use. The goal of inventory control is to generate the maximum profit from the least amount of inventory investment without intruding upon customer satisfaction levels. Given the impact on customers and profits, inventory control is one of the chief concerns of businesses that have large inventory investments, such as retailers and distributors.

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Record Keeping Data Entry Reconciling Collections 75

Accounting Today

MAY 16, 2024

This beauty's a steal; what a Lady; medical miscreants; and other highlights of recent tax cases.

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Tax 298

Accounting Tools

MAY 16, 2024

What is a Tangible Asset? A tangible asset is physical property - it can be touched. The term is most commonly associated with fixed assets , such as machinery, vehicles, and buildings. It is not used to describe shorter-term assets, such as inventory , since these items are intended for sale or conversion to cash. Tangible assets comprise the key competitive advantage of some organizations, especially if they use the assets efficiently to produce sales.

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Auditing Accounting Accounting 52

Accounting Today

MAY 16, 2024

Proposals to crack down on private placement insurance contracts aren't close to becoming law. Here's how advisors and their clients can use them for the time being.

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Tax 244

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

AvidXchange

MAY 16, 2024

As the workplace evolves, the shift towards electronic invoicing represents more than a technological upgrade; electronic invoicing and payments transform how businesses manage their financial processes. For finance and accounting teams, e-invoicing benefits many aspects of their work – from improving visibility into transactions to facilitating remote work.

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Invoicing AP Invoice Processing Accounts Payable 52

Accounting Today

MAY 16, 2024

A KPMG survey found 72% of companies are using AI in their financial reporting process to some extent, and executives expect auditors will start examining controls around the technology.

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Financial Reporting Auditing 228

oAppsNet

MAY 16, 2024

Managing past-due invoices is a delicate task that requires a careful balance between maintaining healthy cash flows and preserving strong customer relationships. When invoices become overdue, it disrupts a business’s financial planning and signals a need for effective communication and negotiation strategies. This article explores comprehensive approaches for handling past due invoices, emphasizing practical strategies, communication tips, and legal considerations to recover owed funds wh

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Accounting Today

MAY 16, 2024

There is still a dispute between the defense and government as to whether Bryan Waugh knowingly engaged in insider trading using information Joe Lewis provided.

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Tax 224

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

accountingfly

MAY 16, 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 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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Accounting Accounting CPA QuickBooks 52

Nanonets

MAY 16, 2024

The advent of AI and automated workflows in recent years have paved the way for procure to pay software - and these tools have completely streamlined the cumbersome processes associated with the procure to pay cycle. Businesses are increasingly aiming to streamline their P2P process with the aid of procure to pay software and stay ahead of the competition.

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Purchase Order Data Entry Invoicing Budgeting 52

Tipalti

MAY 16, 2024

Learn how to create a purchase order step-by-step and optimize the purchase order creation process so your business can streamline PO management.

Purchase Order 52

Purchase Order 52

Accounting Tools

MAY 16, 2024

What is a Tax Loss? A tax loss occurs when total expenses are greater than total revenues under the tax reporting rules of the applicable government jurisdiction. A tax loss reduces an entity's tax liability only in proportion to its tax bracket. Businesses and individuals will frequently reduce their reportable revenues or increase their reportable expenses for tax purposes in order to reduce their tax payments.

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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

Accounting Today

MAY 16, 2024

The measures include expanded tariffs, tax policy guidance that could heighten demand for some U.S.-made solar equipment and promises of heightened vigilance for signs of unfair trade.

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Tax 195

Accounting Tools

MAY 16, 2024

A tax position is taxpayer’s decision regarding how to treat a line item on their tax return. The position taken may be a specific interpretation of the tax laws or regulations as they pertain to a variety of tax-related items, such as an asset classification, the recognition of income, or when to record a transaction. A tax position can yield a permanent reduction or deferral of income taxes payable.

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Accounting Tools

MAY 16, 2024

What is a Troubled Debt Restructuring? A troubled debt restructuring occurs when a creditor grants a concession to a debtor that it would not normally consider. A concession may involve restructuring the terms of a debt (such as a reduction in the interest rate or principal due, or an extension of the maturity date ) or payment in some form other than cash , such as an equity interest in the debtor.

Accounting 40

Accounting Accounting 40

Accounting Tools

MAY 16, 2024

What is a Treasury Note? A treasury note is an interest -bearing debt security that is issued by the United States government. It has the following characteristics: Maturity. A treasury note matures anywhere within a range of one to 10 years. Interest rate. The interest rate associated with a treasury note is fixed. Payment intervals. Interest payments are made to investors at six-month intervals.

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Billing 40

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

Accounting Tools

MAY 16, 2024

What is a Treasury Bond? A treasury bond is an interest -bearing debt security that is issued by the United States government. It has the following characteristics: Maturity. A treasury bond matures over a period of more than 20 years. Interest rate. The interest rate associated with a treasury bond is fixed. Interest payments. Interest payments are made to investors at six-month intervals.

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Billing Tax 40

Accounting Tools

MAY 16, 2024

What is a Time Variance? A time variance is the difference between the standard hours and actual hours assigned to a job. The concept is used in standard costing to identify inefficiencies in a production process. The variance is then multiplied by the standard cost per hour to quantify the monetary value of the variance. How to Calculate Time Variance In order to calculate a time variance, subtract the actual duration of an activity from its planned duration.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

MAY 16, 2024

What is a Time Ticket? A time ticket is a document used by an employee to record hours worked. The purpose of a time ticket is to accumulate the hours that an employee will be paid in the next payroll. Once a pay period has ended, they are used by the payroll staff to compile hours worked, which is the basis for the calculation of gross pay. A common format for a time ticket is for it to be printed in an oblong heavy paper format, which is then inserted into a time clock when an employee clocks

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Accounting Tools

MAY 16, 2024

What are Trading Securities? Trading securities is a category of securities that includes both debt securities and equity securities , and which an entity intends to sell in the short term for a profit that it expects to generate from increases in the price of the securities. This is the most common classification used for investments in securities.

Accounting 40

Accounting Accounting 40

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

MAY 16, 2024

Temporarily restricted net assets are the assets of a nonprofit entity that have a special restriction imposed by the donor. There are two variations on this restriction, which are as follows: Usage restriction. There is a restriction on the assets that requires the assets to be used in a certain way, such as for a student meal program. Time restriction.

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Auditing Accounting Accounting 40

Accounting Tools

MAY 16, 2024

What is a Treasury Bill? A treasury bill is a short-term debt security that is issued by the United States government to raise money. It has the following characteristics: Maturity dates. It is issued with maturity dates of either four weeks, 13 weeks, or 26 weeks. Interest rate. There is no stated interest rate on the instrument; instead, it is sold at a discount to the face amount, and the buyer earns interest on the difference between the discounted purchase price and the redemption amount.

Billing 40

Billing 40

Accounting Tools

MAY 16, 2024

What is Double Taxation? Double taxation occurs whenever income tax is paid twice on the same income. The situation arises in a C corporation , where the corporation pays income tax on its earnings and then issues dividends to its shareholders , who are taxed again on their dividend income. This situation arises because a C corporation is considered to be a separate legal entity from its shareholders.

Corporation Tax 40

Corporation Tax Tax 40

Accounting Tools

MAY 16, 2024

What is a Rubber Check? A rubber check is a check that has been rejected by the bank on which it was drawn. This situation arises when the maker did not have sufficient funds in the underlying account to cover the amount of the check. A rubber check is a sign of poor cash management by the maker. When this situation occurs, the bank will likely charge a fee to the maker.

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Bookkeeping Auditing Bank Reconciliation Accounting 40

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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.