Fri.Oct 13, 2023

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Accounting salaries rise as talent pipeline shrinks

Accounting Today

With the number of freshly minted accounting graduates dwindling and the consumer price index still rising, the law of supply and demand is driving up salaries.

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It's Fantasy Sports Season at ADC! | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

In this episode, join Kevin, Alicia, and Sarah as they discuss the setup and execution of various fantasy sports leagues throughout the year.

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IRS offers tax relief to taxpayers affected by terror attack in Israel

Accounting Today

The agency is responding to the unfolding crisis in the Middle East.

Tax 321
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What Are S3 Lifecycle Rules? When Should You Use Them?

CloudZero

Amazon Simple Storage (S3) has become a cornerstone in the world of cloud computing, offering scalable and secure object storage solutions for a wide range of applications.

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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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How firms can attract and retain talent as CPAs reach retirement age

Accounting Today

What must firms do to adapt to the new landscape and keep as much current talent as possible?

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Community Association Management Industry Trends for 2024 

AvidXchange

Community association managers have many responsibilities. From fielding resident concerns to handling accounting and legal matters to ensuring the maintenance of amenities and much more. These duties are made more difficult when working in an environment with outdated tools and inefficient processes. To better support employees, many community association management companies are turning to digital tools.

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Steps for Choosing an Accrual Method of Construction Accounting

CSI Accounting & Payroll

If your construction company has a contract that rolls into a new year , you must accrue for the materials, revenue, and labor involved in the contract - even if you use cash basis accounting for your business. This means accounting for these elements to accurately reflect the work performed and expenses incurred, even if the cash transactions occur in different accounting periods.

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On the move: INCPAS hosts 19th Day of Service

Accounting Today

CLM Advisors moves offices; Brown Schultz Sheridan & Fritz and RKL both named Best Places to work in PA; and more news from across the profession.

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Sales tax definition

Accounting Tools

Related Courses Sales and Use Tax Accounting What is Sales Tax? A sales tax is a tax imposed on retail goods and services at the point of sale. The tax is collected by the entity selling the product or service to a third party, and is remitted to the applicable government entity at regular intervals. A business is required to collect sales tax when it has nexus within the taxing region.

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Demystifying AI in accounting and finance: turning hype into literacy

Accounting Today

It's nearly impossible to exist in the business world without hearing terms like "AI" or "machine learning." Unfamiliarity with the tech can impede trust and ultimately lead to its rejection.

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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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Is the glass half full or half empty?

Accounting Fun

Is the glass half full or half empty? To the optimist, the glass is half full. To the pessimist, the glass is half empty. To many accountants, the glass is twice as big as it needs to be. To the realist, it doesn't matter if the glass is half empty or half full. There is clearly room for more. Anyway, instead of describing the glass they are more interested in drinking whatever it contains.

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Tech News: Thomson Reuters rolls out ONESOURCE E-Invoicing

Accounting Today

Plus, Corvee adds AI to Instead and Instead Pro solutions; and other news and updates from the accounting technology arena.

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Silent partner agreement

Accounting Tools

Related Courses Partnership Accounting Partnership Tax Guide What is a Silent Partner Agreement? A silent partner agreement is a written legal agreement under which an investor commits to make an investment in a partnership , in exchange for the rights accorded to a limited partner. A silent partner takes no part in the day-to-day management of a business, is only liable for the amount of his or her investment, and is generally not publicly known to be an investor in the business.

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Aprio acquires Antares

Accounting Today

The deal will double the size of the firm's restaurant, franchise and hospitality industry team.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Salaries expense definition

Accounting Tools

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management Salaries expense is the fixed pay earned by employees. The expense represents the cost of non-hourly labor for a business. It is frequently subdivided into a salaries expense account for individual departments, such as: Salaries expense - accounting department Salaries expense - engineering department Salaries expense - human resources department Salaries expense - marketing department Salaries expense - quali

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CPA mobility: Recognizing reality

Accounting Today

The profession needs to proceed cautiously with anything that might impact accountants' ability to practice across state lines.

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Scope of work definition

Accounting Tools

Related Courses Project Management What is Scope of Work? Scope of work is the activities stated in a contract that are assigned to a supplier for completion. This information forms the basis for the total amount paid to the supplier; thus, if the scope changes, this alters the amount paid. The scope of work may be stated in great detail, including subtasks, milestones to be achieved, and planned completion dates.

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My Customer Ghosted Me. Now What?

NACM

?️ On today's episode of the Extra Credit podcast. The term "ghosting" is not just for the dating world.? Picture this during Halloween season. you've extended credit to a customer, and everything seems to be going smoothly. Invoices are sent, but suddenly, it's as if your customer has vanished into thin air. They're not responding to c.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Scope limitation definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement A scope limitation is a restriction on an audit that is caused by the client, issues beyond the control of the client, or other events that do not allow the auditor to complete all aspects of his or her audit procedures. Examples of events causing a scope limitation are the disappearance of relevant evidentiary matter and the client's restriction on contact with customers to confirm the existence of accounts receivable.

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Tax return thief who took Trump data pleads guilty

Accounting Today

A former IRS contractor admitted stealing information about the former president and thousands of wealthy Americans and leaking it to two news organizations.

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Senior debt definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is Senior Debt? Senior debt is a security that has a high priority for repayment in the event of the liquidation of the issuer. This type of debt is considerably more secure for investors than junior debt , since the remaining funds of the business must be applied to repayment of the senior debt before other obligations of the issuer are dealt with.

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Secondary distribution definition

Accounting Tools

Related Courses Corporate Finance Public Company Accounting and Finance A secondary distribution is the sale of a large number of shares by one or more large investors. The sale is handled by a securities firm and so is not conducted through a stock exchange. The proceeds of the sale go to the investors holding the stock, not the issuing entity. The price at which the shares are offered is usually close to the market price of the shares.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Subscribed stock definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is Subscribed Stock? Subscribed stock is an equity instrument that has been purchased under the terms of a periodic payment plan. This approach is most commonly used for employee stock purchase plans, where a deduction is taken from an employee's paycheck and placed in a stock purchase fund.

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Shareholders' equity definition

Accounting Tools

Related Courses How to Audit Equity The Balance Sheet The Interpretation of Financial Statements What is Shareholders’ Equity? Shareholders' equity is the net amount of an organization's assets and liabilities. If all of a company's assets were to be liquidated and its liabilities settled at their book values , the remainder (which is shareholders' equity) would be paid out to shareholders.

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Sales definition

Accounting Tools

Related Courses The Income Statement The Interpretation of Financial Statements What are Sales? Sales refers to the volume of goods and services sold by a business during a reporting period. When quantified into a monetary amount, it is positioned at the top of the income statement , after which operating and other expenses are subtracted to arrive at a profit or loss figure.

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Setup time definition

Accounting Tools

Related Courses Operations Management What is Setup Time? Setup time is the interval needed to adjust the settings on a machine, so that it is ready to process a job. Shortening the amount of setup time is critical for engaging in short production runs, so that a business can more easily engage in just-in-time production. When this is done, a business can profitably run smaller batches of products, since there is a reduced setup cost associated with each incremental unit.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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Secured creditor definition

Accounting Tools

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is a Secured Creditor? A secured creditor is a lender that has placed a lien on certain assets of a borrower. A lien allows the creditor to seize those assets designated as being the collateral of the borrower. When a lien has been recorded against an asset, the creditor can move quickly to acquire the asset in the event of a payment default by the borrower.

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Statements of Financial Accounting Concepts definition

Accounting Tools

Related Courses GAAP Guidebook International Accounting What are the Statements of Financial Accounting Concepts? Concepts statements set the objectives and qualitative characteristics used to to determine which business transactions and events shall be recognized and measured in financial reports. These statements are used by the Financial Accounting Standards Board (FASB) in the development of accounting principles.

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Stock rights definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What are Stock Rights? Stock rights give their owner the right, but not the obligation, to buy the shares of a company at a specific exercise price for a designated period of time. The term primarily applies to giving current shareholders the right to buy additional shares as part of the issuer's next stock sale.

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Working capital ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements Working Capital Management What is the Working Capital Ratio? The working capital ratio is a measure of liquidity , revealing whether a business can pay its obligations. The ratio is the relative proportion of an entity's current assets to its current liabilities , and shows the ability of a business to pay for its current liabilities with its current assets.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

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.