Tue.Feb 27, 2024

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Cryptocurrency fraud costs $1.56B

Accounting Today

Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.

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How AI is Transforming and Disrupting Audit

Blake Oliver

In my latest podcast episode, "How AI is Transforming and Disrupting Audit," I had the pleasure of speaking with Rob Valdez about the impact of artificial intelligence and generative chatbots, like ChatGPT, on the audit profession. We delve into how these technologies are not just automating routine tasks but are also revolutionizing how we train staff, improve quality, and save time on substantive testing.

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How technology is reshaping the audit profession

Accounting Today

Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.

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FinQuery Announces New Contract Management Solution

Insightful Accountant

FinQuery’s new contract management solution is purpose-built to provide insight and intelligence into organizations’ contractual financial obligations

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

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PCAOB proposes rule on false or misleading statements

Accounting Today

The Public Company Accounting Oversight Board is proposing a new rule to prevent auditing firms from making false or misleading statements about being registered or overseen by the PCAOB.

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Platform Accounting Group Wins Karbon Excellence Award

Insightful Accountant

Platform Accounting Group is proud to announce it was selected as the winner for the 2023 Karbon Excellence Award for Practice Excellence.

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Top 10 Invoicing Software of 2024: Simplifying Billing Management

Invoicera

Summary Online invoicing platforms are playing a crucial role in shaping financial management this year. In this discussion, we will explore: Why invoicing software is a game-changer How it simplifies your billing process The top 10 picks for invoicing software Their standout features, costs, and user ratings Keep up with the latest technology by checking out these top billing software options for 2024.

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BOI filing creates uncertainties

Accounting Today

While most accountants are aware of the reporting requirement, the majority of business owners are likely to be, at best, dimly aware of them.

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Top 10 Manufacturing OCR Software in 2024

Nanonets

Optical character recognition (OCR) software help convert non-editable document formats such as PDFs, images, or paper documents into machine-readable formats that are editable & searchable. OCR applications are commonly used to capture text from PDFs & images and convert the text into editable formats such as Word, Excel, or a plain text file.

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Keeping cybersecure during busy season

Accounting Today

What can firms do to minimize the risk of being the victim of a cyberattack? Here are five key security tips to protect your firm this busy season.

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The Growth Architect: How Financial Leaders are Unlocking Potential

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.

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Sage and AWS sign AI-focused Strategic Collaboration Agreement

Insightful Accountant

Sage and AWS will launch first domain-specific accounting Large Language Model (LLM) and AI-powered carbon reporting solution Sage Earth to be available in the AWS Marketplace.

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CAMs disclosures decrease since 2020

Accounting Today

Auditors are including CAMs in more of their opinions but disclosing fewer CAMs per opinion, according to an Ideagen report.

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New Sage Copilot: Driving Efficiency & Growth with Generative AI

Insightful Accountant

Sage Copilot will lead SMBs and Accountants into the generative AI era by automating routine tasks, offering key insights for growth, and enabling better decision making and enhanced productivity.

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IRS delays Form 1042 e-file requirement

Accounting Today

The Internal Revenue Service issued a notice granting an administrative exemption from the electronic filing requirements for the Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

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!

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Quickbooks Receipt Scanner : How to Scan Receipts into Quickbooks?

Nanonets

QuickBooks is an accounting software package designed to help small and medium-sized businesses manage their finances. The software is user-friendly and intuitive, making it easy for business owners to handle their accounting needs without needing to be an accounting expert. Additionally, QuickBooks can be integrated with other software packages, allowing businesses to automate many of their financial processes.

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'Mastermind' of Europe's biggest tax scandal loses case over conviction

Accounting Today

The scandal robbed billions of euros from government coffers and ensnared some of Wall Street's biggest banks.

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Importance of Vendor Management

oAppsNet

Vendor management is a cornerstone of modern business operations, integral to maintaining efficient supply chains and fostering productive relationships with external suppliers and vendors. Effective vendor management ensures operational resilience, cost efficiency, and competitive advantage in today’s interconnected global marketplace, where organizations rely heavily on third-party suppliers for goods, services, and expertise.

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Tax relief for victims of San Diego storms, flooding

Accounting Today

The IRS is pushing back filing and payment deadlines for those in the San Diego area who were affected.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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Member Spotlight: Reaching New Heights

NACM

NACM's Professional Certification Program gives credit professionals an opportunity to gain expertise and prosper in the credit field. Each certification provides the tools for credit professionals need to refresh their skills and learn new ways to complete day-to-day responsibilities. With six levels of certification, credit professionals can.

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In the blogs: Slow starts

Accounting Today

Tax cuts losing steam; cyberattack follow-up; introducing the CSR; and other highlights from our favorite tax bloggers.

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