Mon.Feb 26, 2024

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The 20 worst states for doing business

Accounting Today

The lowest-ranked states have property and unemployment insurance taxes like every state, but significantly they also have complex, non-neutral taxes with comparatively high rates.

Tax 340
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Hubdoc and Dext: Powerful Xero pairings for burgeoning businesses

Xero

Financial data lies at the heart of any small business operation. Managing it can be a juggle, but there are an array of tools you can use to stay on top of this crucial information and better manage your cash flow and compliance. Depending on what stage of the business growth journey you’re on, some Xero-connected solutions are more appropriate than others.

XERO 203
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FTC hits H&R Block over 'free' online filing claims

Accounting Today

The Federal Trade Commission filed a complaint against tax prep giant H&R Block accusing the company of deceptively marketing "free" online tax filing when its products often were not free and deleting consumers' data when they tried to downgrade to less expensive products.

Tax 336
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Lifelong Learning: More Than a Credits Requirement

Insightful Accountant

Continuing education is essential for tax practitioners, not just for credits but for career success and organizational growth.

Tax 105
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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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IRS donor-advised fund proposal could have 'chilling effect'

Accounting Today

Planners who recommend the increasingly popular charitable vehicles could face penalties for what's currently a pretty common practice in the industry, experts say.

Tax 312
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The difference between the general ledger and trial balance

Accounting Tools

What is a General Ledger? A general ledger is the master set of accounts that summarize all transactions occurring within an entity. The general ledger is comprised of all the individual accounts needed to record the assets , liabilities , equity , revenue , expense , gain , and loss transactions of a business. What is a Trial Balance? The trial balance is a report run at the end of an accounting period, listing the ending balance in each general ledger account.

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Capital budgeting techniques

Accounting Tools

What is Capital Budgeting? Capital budgeting is a set of techniques used to decide when to invest in projects. For example, one would use capital budgeting techniques to analyze a proposed investment in a new warehouse, production line, or computer system. There are a number of capital budgeting techniques available, which include the following alternatives.

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NRA loses landmark trial over millions in wasted donor funds

Accounting Today

One high point of the trial was the testimony of Oliver North, who said that in 2019 he pushed for an outside audit of the NRA's finances but longtime leader Wayne LaPierre refused.

Auditing 220
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How CFOs Can Get The Most Out of Accounts Payable (Procure to Pay) Outsourcing in the Future

Outsourced Bookeeping

In an era defined by rapid technological advancements and evolving business landscapes, Chief Financial Officers (CFOs) are continually seeking innovative ways to enhance operational efficiency and drive strategic growth. One area where CFOs can significantly impact their organization’s bottom line is through strategic accounts payable (procure to pay) outsourcing.

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Making mentoring work

Accounting Today

AICPA chair Okorie Ramsey dives into how accounting firms can make the most of this important recruiting and career development tool, and the benefits it offers for both mentee and mentor.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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AWS Compute Optimizer Pricing & Supported Resources List

Economize

What is AWS Compute Optimizer? AWS Compute Optimizer is a cutting-edge service designed to refine and enhance your AWS resource usage. It scrutinizes your AWS resources, evaluating their configurations against utilization metrics to determine optimal performance.

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Art of Accounting: Moving staff up to replace a higher-level person

Accounting Today

You need a method to retain your staff, even for a little longer, so your firm doesn't get stuck when someone leaves.

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How to Find Missing Financial Documents or Information

CSI Accounting & Payroll

Many of us know the feeling; you get a paper financial document early on in your business’s journey, but by the time you need it, it’s nowhere to be found. Maybe you didn’t know you needed it. Maybe you lost it while reorganizing your office. Maybe you never even opened it and it ended up in the trash. We’ve seen it all before. What do you do then? It mostly depends on the issuer of each item.

Payroll 52
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More money available for Low-Income Taxpayer Clinics

Accounting Today

The IRS is particularly interested in applications covering Hawaii, Kansas, Nevada, North Dakota, South Dakota, West Virginia and Puerto Rico.

Tax 200
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Matthew Kanas on The Year of Change Management ft. Ignition & AI

Insightful Accountant

Survey by Ignition reveals top challenges in accounting firms: staffing shortages, manual processes, and workload abundance. Gary and Matt discuss strategies and AI solutions for effective change management.

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Mauldin & Jenkins merges in CFO Navigator

Accounting Today

The Regional Leader has added a firm that offers financial guidance to businesses and nonprofit organizations in the Atlanta area.

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7 Steps to Automate your Accounts Payable

Nanonets

Finance teams are well aware of the tedious and error-prone nature of manual accounts payable processes. Sorting through stacks of paper invoices, reaching out to approvers individually, and mailing checks are extremely tedious and error-prone. This could also lead to late payments or in some cases potential  vendor fraud. Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams.

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Mineral interest definition

Accounting Tools

What is a Mineral Interest? A mineral interest is an economic interest in subsurface minerals. This interest gives the owner the right to mine the minerals situated beneath the surface of a property. In a mineral interest arrangement, each party individually holds an interest in an oil and gas asset and is also liable for any obligations that may arise.

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Back to Basics with Reconciliations

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.

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The Top 5 Accounting OCR Software in 2024

Nanonets

OCR software has proven to be a game-changer for finance professionals. It allows them to automate the extraction and interpretation of text from images, invoices, receipts, and other documents. This enhances efficiency and reduces the margin for error, allowing finance professionals to focus on strategic decision-making rather than mundane data entry tasks.

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Unit of revenue method

Accounting Tools

What is the Unit of Revenue Method? The unit of revenue method is a technique used in the oil and gas industry for charging capitalized costs to expense, using the ratio of current gross revenue to future gross revenues. The current gross revenue figure is derived by multiplying actual production during the period by the actual selling price, excluding royalty payments.

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Sage AP Automation

Tipalti

Discover the pinnacle of efficiency for Sage ERP with our top-rated AP automation solutions. Streamline workflows, optimize processes, and unlock unparalleled business productivity.

AP 40
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Trump pledges to slash taxes if he returns to the White House

Accounting Today

Trump said that he would make sure that "tariffs on foreign countries go up" and that "taxes on American workers and families will come down very substantially.

Tax 297
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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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