Fri.Feb 23, 2024

article thumbnail

Accounting standards blamed for lack of accountants

Accounting Today

It's not just the 150-hour rule for obtaining a CPA license that may be the culprit for the talent shortage, according to an academic study.

CPA 344
article thumbnail

Transforming Stressful Times into Strategic Success | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 13 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

International tax changes bring uncertainty to global companies

Accounting Today

The changes underway in setting global taxes are leading to confusion for many countries that authorities are trying to alleviate.

Tax 321
article thumbnail

Why Accountants Quit Public Accounting Firms

Cloud Accounting Podcast

Blake and David meet with Geoffrey Brown of the Illinois CPA Society to examine some key findings from ICPAS's recent retention report, including top reasons for turnover, where departing accountants are going, and ideas for improving work-life balance. Meet Our Guest, Geoffrey Brown LinkedIn: [link] Twitter: [link] Facebook: [link] Instagram: [link] Learn more about the Illinois CPA Society (ICPAS) Website: [link] Listener Survey Please take our listener survey: [link] Need CPE?

article thumbnail

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

article thumbnail

Tech news: QuickBooks launches Solopreneur for sole proprietors

Accounting Today

Plus, Sovos debuts Compliance Cloud, for tax compliance and regulatory reporting; and other accounting tech news.

article thumbnail

Onerous contract definition

Accounting Tools

What is an Onerous Contract? An onerous contract is a contract in which the aggregate cost required to fulfill the agreement is higher than the economic benefit to be obtained from it. Such a contract can represent a major financial burden for an organization. These contracts may be considered onerous as soon as they come into existence, but it is more common for them to be considered onerous due to a change in circumstances that either increases their costs or reduces their benefits.

More Trending

article thumbnail

Amazon ECS: Pricing & 5 Cost Optimization Strategies

Economize

Today, agility, scalability, and flexibility are vital contributors to running a successful business. Containerization is a software development process that helps to incorporate these values into software applications. It offers flexibility and consistency while deploying your application across diverse environments.

article thumbnail

SEC cyber rules will have wide impact amid uncertainty

Accounting Today

The SEC's new cybersecurity disclosure rules will affect plenty of businesses, but a survey finds many cyber professionals lack confidence they can comply in time.

195
195
article thumbnail

The Importance of Audit Trail Importance and How Digital Document Storage Can Help

NextProcess

Accurate records are more than a good idea for companies: they’re essential. Missing documents create breaks in audit trails, which can lead to significant issues for your company. Best-case scenario, it’s a hassle for employees. Worst-case scenario, missing documents found by an external audit can lead to fines, legal action, and loss of reputation.

article thumbnail

IRS offers guidance on USDA discrimination program

Accounting Today

The Internal Revenue Service issued a FAQ on a program that offers help to farmers, ranchers and forest landowners who experienced discrimination by the USDA in farm lending.

Tax 189
article thumbnail

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.

article thumbnail

15 Important Signs That You Need a New Bookkeeper

Remote Quality Bookkeeping

A robust business requires healthy finances. To have an accurate idea of how your business is doing and how to move forward, you need the correct data—the kind of data a good bookkeeper can provide. Your bookkeeper takes care of income and expenses and categorizes them properly. They also prepare your books before tax season so all accounts are handed to the accountant who will file them.

article thumbnail

Making mentoring work

Accounting Today

Okorie Ramsey, the chair of the AICPA and vice president of SOX at Kaiser Permanente, 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.

article thumbnail

Payroll Outsourcing vs Payroll Software in Singapore: Making the Right Choice for Your Business

Counto

Payroll Outsourcing vs Payroll Software in Singapore: Making the Right Choice for Your Business What is Payroll Software Payroll software streamlines and automates tasks like wage calculation, tax handling, and government submissions. Additional features may include leave management and shift scheduling, enhancing organisational effectiveness. What is Payroll Outsourced?

Payroll 52
article thumbnail

On the move: Brady Martz CEO to retire

Accounting Today

Grimbleby Coleman launches new wealth management division; HHM CPAs hires three senior managers; and more news from around the profession.

154
154
article thumbnail

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!

article thumbnail

The Accounts Payable Process: Everything You Need to Know

Plooto

Accounts payable represents the money you owe. Managing your AP becomes a process of receiving and recording invoices all while preparing and ensuring payment.

article thumbnail

Justifying why NOT to file tax returns

Accounting Fun

The following are a summary of some of the points argued by a Mr Bell in letters to HMRC and the lower tier Tax Tribunal as to why he considered that he was not required to file tax returns: As all humans are created equal, government and the making of legislation requires the consent of the governed All humans have an absolute right to own property which is gained as a result of their own efforts.

Tax 49
article thumbnail

Your Full Guide: Accounting Software for Midsize Businesses

Plooto

What is accounting software for midsize businesses? Accounting software is a computer program that maintains accounting books to assist bookkeepers. Capabilities of an accounting software can include recording transactions, expense tracking , reporting, reconciling, and real-time insights.

article thumbnail

The difference between interest expense and interest payable

Accounting Tools

What is Interest Expense? Interest expense is the cost of borrowed funds. It is reported on the income statement as a non-operating expense , and is derived from such lending arrangements as lines of credit, loans, and bonds. The amount of interest incurred is typically expressed as a percentage of the outstanding amount of principal. What is Interest Payable?

article thumbnail

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

article thumbnail

Accounts Payable Automation: 19 Best Practices

Plooto

When it comes to accounting, accounts payable(AP) automation emerges as a vital tool for enhancing accuracy and efficiency.

article thumbnail

Sales variance definition

Accounting Tools

What is a Sales Variance? A sales variance is the monetary difference between actual and budgeted sales. It is used to analyze changes in sales levels over time. A favorable sales variance arises when the actual sales generated are higher than expected, while a negative variance occurs when actual sales are lower than expectations. Reasons for a Sales Variance There are two general reasons why a sales variance can occur, which are: The price point at which goods or services sell is different fro

article thumbnail

The Evolution of Technology in Credit

NACM

?️ On today's episode of NACM's Extra Credit podcast. The evolution of technology, from computers to artificial intelligence, has transformed the credit management profession. ⭐ Hear from Leon Zhang; Eleanor Hartman; and Lee Tompkins!

article thumbnail

Intellectual property valuation

Accounting Tools

How to Value Intellectual Property The valuation of intellectual property involves assigning a dollar value to the non-tangible assets of an entity. This valuation is a major issue in the mergers and acquisitions field, since a potential acquiree typically claims to have accumulated a significant amount of intellectual property, and wants to be paid for it.

article thumbnail

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

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.