Fri.Apr 26, 2024

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Accounting Today news quiz: April 26

Accounting Today

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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QuickBooks for Small Business – Which Version Do You Need?

Ace Cloud Hosting

Just like for smooth money handling, you need to create a bank account. Similarly, the right accounting platform is necessary to manage the business financial landscape. This is where QuickBooks.

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7 ways to drive innovation in your firm

Accounting Today

While the term "innovation" isn't necessarily associated with most CPA firms, this perception can easily be changed with the right strategic moves.

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Ethical Collection Techniques For Recovering Late Payments

Enterprise Recovery

In today's competitive business landscape, it's important to manage late payments while upholding positive client relationships. Use the following techniques to navigate the delicate balance of recovering outstanding debts while maintaining trust and loyalty with your clients. Discover ethical collection practices to help recover late payments while maintaining positive client relationships.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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IRA heirs, planners get additional RMD breathing room — again

Accounting Today

Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.

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Advancing Your Cash Flow: Should You Opt for Early Invoice Payment from Your Client?

FundThrough

For small and medium-sized businesses (SMBs), maintaining a healthy cash flow is often one of the most challenging aspects of running a company. Because many of us at FundThrough have been entrepreneurs before, we understand firsthand what it’s like to struggle with unpaid invoices. Late payments or even standard-length payment terms can have serious impacts […] The post Advancing Your Cash Flow: Should You Opt for Early Invoice Payment from Your Client?

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Maximizing Your Accounting Firm's Value with Brannon Poe

Cloud Accounting Podcast

Blake Oliver sits down with Brannon Poe of Poe Group Advisors to discuss the differences between traditional and subscription-based virtual accounting firms. Brannon shares his expertise on firm valuation, revealing that factors like cash flow to owner and owner hours play a significant role in determining a firm's value. He also emphasizes the importance of pricing strategies, noting that implementing value pricing and subscription models can dramatically improve a firm's profitability and over

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HSBC wins £1.3B suit over Disney tax breaks

Accounting Today

The bank successfully fought off a London court claim brought by investors over tax breaks linked to financing for 'Pirates of the Caribbean 2.

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5 Ways to Increase Employee Satisfaction with Automated Expense Reporting

NextProcess

Expenses are part of running a business. When a company lets employees make business purchases on behalf of the company, the expense reimbursement system provides a way for the company to pay back employees for those expenses. When the travel and expense (T&E) reporting and reimbursement system works well, it’s good for employees and the company.

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On the move: KSM names new leaders

Accounting Today

Plus, the Kansas Society of CPAs gives out scholarships; the Accounting MOVE Project announces a mini summit; and more.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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10 Ways that BPA Software Can Help Your Company Improve Efficiency and Productivity in Finance

NextProcess

We all want to optimize our businesses. Improving efficiency and productivity makes a company more financially stable, places it in a better position to take advantage of opportunities, and enables the company to keep up in the fast-paced modern business world. In today’s world, digitizing business processes is key to keeping finance departments efficient and productive.

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Marcum cites material issues in B. Riley audit

Accounting Today

The Los Angeles-based boutique investment bank's audit by Marcum cited multiple material weaknesses in the company's reporting, and some of the previously reported data was revised.

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Are You Making These Common Mistakes in Real Estate Bookkeeping?

Outsourced Bookeeping

Real Estate is a fortune-acquiring scalable business. However, to reap its benefits you must go through the testing process, enhanced with effective finance management. This is a crucial yet challenging process, compelling you to prepare budgets, create various financial reports, perform audits, monitor cash flows, and file taxes. If you are solely handling all these accounting challenges as a business owner it might become nerve-racking.

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How local governments can weather a federal shutdown

Accounting Today

Even if a program is predominantly funded with federal dollars, there may be other sources of funds from which local governments can draw.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Indirect Procurement

Tipalti

What is indirect procurement and its benefits for your business? Learn how to efficiently manage the day-to-day costs of doing business, for more accurate financial forecasting.

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Tech news: AuditBoard announces AuditBoard AI now generally available

Accounting Today

AuditBoard announces AuditBoard AI now generally available; Earmark launches web app; and other accounting technology news.

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Top 15 Apps & Integrations on Xero App Marketplace

Nanonets

Bank feeds and automated reconciliation, easy expense claim reimbursement, and online invoicing features are just the start; Xero is a premium accounting software solution for small businesses. The tool’s out-of-box robustness lays a strong foundation to support a multitude of business processes, but it’s the Xero Marketplace – full of Xero apps and integrations – that really sets the Xero platform apart.

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Protect the profession as traditional firms fade away

Accounting Today

We're witnessing the evolution of the "new firm.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Spenmo Q1 Updates: Your Feedback Shaping Spenmo's Latest Features

Spenmo

As we close Q1-2024, we are thrilled to share a suite of enhancements that help finance managers improve their Accounts Payable processes. Driven by our dedication to Customer Love, we've listened closely to your feedback and tailored our solutions to meet and exceed your operational needs. Our latest updates are designed to streamline your processes, freeing up more time for high-value tasks like financial analysis and strategic planning. 1.

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'Not guilty' pleas in Patisserie Valerie accounting fraud

Accounting Today

The bakery chain collapsed into insolvency in 2019 after a forensic investigation revealed thousands of false entries in its accounts.

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Before PwC, before Coopers & Lybrand, there was Cooper Brothers.

Accounting Fun

PwC was initially called PriceWaterhouseCoopers having been formed by the merger of Coopers and Lybrand and Price Waterhouse. Long before that merger Coopers & Lybrand was originally called Cooper Brothers and based in Gutter Lane, London. Indeed they may have been the only building with an address identified as being in Gutter Lane. Legend has it that at one stage the partners wrote to the Corporation of London suggesting that, in view of their long tenancy, it might be appropriate to renam

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QuickBooks for Small Business – Which Version Do You Need?

Ace Cloud Hosting

Just like for smooth money handling, you need to create a bank account. Similarly, the right accounting platform is necessary to manage the business financial landscape. This is where QuickBooks.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Procurement as a Service

Tipalti

Learn how procurement as a service (PaaS) revolutionizes procurement processes, offering scalability, cost-efficiency, and expert support. Explore its benefits and applications for your business.

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Growing a mentoring network 

Intuit

Mentorship isn’t about zeroing in on a single advisor for the entire scope and duration of your career. You can benefit from many different types of support over time, and often at the same time. Similarly, working with multiple mentors of diverse profiles will expand the range of perspective and guidance available to you. That’s one reason the Tech Women @ Intuit (TWI) Mentorship program is designed around six-month terms, with mentees and mentors encouraged to rotate to new pairs regularly.