Accounting Today

DECEMBER 20, 2023

Accounting's influencers offer their advice for solving the profession's most critical issue.

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Accounting Accounting 338

Insightful Accountant

DECEMBER 20, 2023

Preparing, filing, and correcting 1099s is now easier than ever in QuickBooks Online. New workflow, reporting, free e-file of corrections and E-file payment flexibility and will be available for the 2023 filing period.

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QuickBooks 111

Accounting Today

DECEMBER 20, 2023

The relief will go to roughly 4.7 million taxpayers who weren't sent collection reminder notices during the pandemic.

Collections 328

Collections Tax 328

Plooto

DECEMBER 20, 2023

Enterprise-quality software is now within reach for growing businesses and accounting firms.

Accounting 105

Accounting Accounting 105

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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.

Accounting Today

DECEMBER 20, 2023

The Top 100 Firm is merging in San Antonio- and Austin-based Ridout Barrett & Co.

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Accounting Tools

DECEMBER 20, 2023

What is the Formula for the Present Value of an Annuity Due? The present value of an annuity due is used to derive the current value of a series of cash payments that are expected to be made on predetermined future dates and in predetermined amounts. The calculation is usually made to decide if you should take a lump sum payment now, or to instead receive a series of cash payments in the future (as may be offered if you win a lottery).

Financial Analysis 75

Financial Analysis Accounting Accounting 75

Accounting Tools

DECEMBER 20, 2023

What is Payroll Accounting? The accounting for payroll involves all aspects of calculating and paying compensation to employees, including the payment of withholdings to third parties. The outcome of this process is documentation of the expenses associated with all types of compensation, as well as timely payments to employees. Payroll Process Flow Payroll processing requires you to complete a number of steps, which are presented below.

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Payroll Deposits Accounting Accounting 75

Accounting Today

DECEMBER 20, 2023

Plus, questions about ChatGPT's accounting credentials, the best laptops of 2023, and other major developments from the past month.

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Accounting Accounting Accounting Software 255

Accounting Tools

DECEMBER 20, 2023

What is an Accounting Entry? An accounting entry is a formal record that documents a transaction. In most cases, an accounting entry is made using the double entry bookkeeping system , which requires one to make both a debit and credit entry, and which eventually leads to the creation of a complete set of financial statements. An accounting entry can also be made in a single entry accounting system ; this system typically tracks only cash receipts and cash disbursements , and shows only those re

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Accruals Accounting Accounting General Ledger 75

Accounting Today

DECEMBER 20, 2023

Firms that early-adopt ESG and incorporate these areas into their practices will be better positioned to deliver these services when they reach full market demand.

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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.

Collections

Accounting Tools

DECEMBER 20, 2023

What is ERP? ERP is an acronym for enterprise resource planning , and it refers to an integrated software package that supports all of a company's functional areas. Thus, it can handle the transactional requirements of the accounting, customer service, manufacturing, sales, warehousing, and other departments, using a single user interface. Many ERP systems also accept data from a company's customers and suppliers for supply chain management purposes, so that the system essentially exceeds the tr

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Customer Service Budgeting Accounting Accounting 74

Accounting Today

DECEMBER 20, 2023

The board released a staff report outlining its inspections plans and highlighting key risks.

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Auditing 195

Future Firm

DECEMBER 20, 2023

Innovating your firm is one of the most effective ways of improving your operations. Find out my recommendation on how you should do it. The post The Key to Innovating Your Firm appeared first on Future Firm.

Accounting 59

Accounting Accounting 59

Accounting Today

DECEMBER 20, 2023

The imminent arrival of beneficial ownership information reporting raises questions about indirect control, such as through trusts.

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Accounting Accounting 140

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.

Accounts Payable

Insightful Accountant

DECEMBER 20, 2023

Chaser is a complete accounts receivable automation software. Simplify, automate and humanize the process of chasing unpaid invoices for optimal accounts receivable management.

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QuickBooks Accounts Receivable Accounts Receivable Account Receivables 52

Reconciled Solutions

DECEMBER 20, 2023

Angie talks about financial mindset, the most common roadblocks for small business owners, and getting financially organized. The post Small Business Profitability | Women’s Business Workshop Podcast appeared first on Reconciled Solutions.

Reconciling 52

Reconciling 52

AvidXchange

DECEMBER 20, 2023

Artificial intelligence (AI) has revolutionized business across industries, profoundly impacting operations, decision-making and customer interactions. This is true in the media space, where companies are leveraging AI for media to enhance efficiencies and customization. Read on to learn specific ways media agencies are applying AI-powered tools to build a competitive edge.

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Data Entry AP Collections Customer Service 52

Accounting Tools

DECEMBER 20, 2023

What are Dividends Payable? Dividends payable are dividends that a company's board of directors has declared to be payable to its shareholders. Until such time as the company actually pays the shareholders, the cash amount of the dividend is recorded within a dividends payable account as a current liability. Dividends payable is an odd type of liability, since it is an obligation of the company to pay its own shareholders, while other types of liabilities are usually to entirely separate third p

Financial Statements 40

Financial Statements Accounting Accounting 40

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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.

Accounting

NACM

DECEMBER 20, 2023

Confidence plays a key role in the success of a credit professional. You must be confident in your qualifications, experience and expertise to perform to the best of your ability. With NACM's six-level Professional Certification Program, credit professionals will not only gain invaluable knowledge and a stronger skill set, but they will gain confid.

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Accounting Tools

DECEMBER 20, 2023

What is a Static Budget? A static budget is a budget that does not change with variations in activity levels. Thus, even if actual sales volume changes significantly from the expectations documented in the static budget, the amounts listed in the budget are not changed. This budget format is the simplest and most commonly used budgeting format. The static budget is used as the basis from which actual results are compared.

Budgeting 40

Budgeting Accounting Accounting 40

Accounting Tools

DECEMBER 20, 2023

What is a Vertical Balance Sheet? A vertical balance sheet is one in which the balance sheet presentation format is a single column of numbers, beginning with asset line items, followed by liability line items, and ending with shareholders' equity line items. Within each of these categories, line items are presented in decreasing order of liquidity.

Financial Statements 40

Financial Statements Accounts Payable Accounts Payable Accounting 40

Accounting Tools

DECEMBER 20, 2023

What is Default Risk? Default risk is the possibility that the issuer of a bond will not be able to repay the underlying principal or make scheduled interest payments. Entities at highest risk of default typically have a risky capital structure and unreliable cash flows that become more uncertain when economic conditions worsen. When an issuer has a high default risk, it must pay a significantly higher interest rate , and may have trouble obtaining financing at all.

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Corporate Finance Collections 40

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.

Payroll

Accounting Tools

DECEMBER 20, 2023

What are Drag-Along Rights? Drag-along rights allow a majority shareholder to force a minority shareholder to agree to the terms of sale for a business. These rights require the majority shareholder to provide the same sale terms to the minority shareholder that are being offered to other shareholders. In essence, drag-along rights are designed to protect a majority shareholder from being subject to the vagaries of a minority shareholder when negotiating the sale of a business.

CPA 40

CPA Tax 40

Accounting Tools

DECEMBER 20, 2023

What is Going Private? Going private is the process of acquiring most of the outstanding shares of a public company , so that ownership is concentrated with a small number of investors. A going private transaction may also be accomplished through a management buyout or a private equity buyout. Once a business has gone private, its shareholders can no longer sell their shares on an open market.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

Accounting Tools

DECEMBER 20, 2023

What is Factoring? Factoring involves the sale of receivables by a seller to a finance company, which is called the factor. Under a factoring arrangement, the customer is notified that it should now remit payments to the factor. The factor assumes collection risk, while the seller gains immediate access to the cash it needs to run its operations. This is an especially valuable financing option for smaller organizations that do not have ready access to bank loans.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Accounting Tools

DECEMBER 20, 2023

What is Book Value? Book value is an asset's original cost , less any accumulated depreciation and impairment charges that have been subsequently incurred. The book values of assets are routinely compared to market values as part of various financial analyses. For example, if you bought a machine for $50,000 and its associated depreciation was $10,000 per year, then at the end of the second year, the machine would have a book value of $30,000.

Auditing 40

Auditing Accounting Accounting 40

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.

Accounting Tools

DECEMBER 20, 2023

What is a Convertible Security? A convertible security is a bond , preferred stock , or a similar financial instrument that can be converted into the common stock of the issuing entity. When an investor elects to convert a security into common stock, this results in the elimination of the fixed stream of payments associated with the original investment and replaces it with stock that does not have such a related payment stream.

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Corporate Finance Financial Statements Tax 40

Accounting Tools

DECEMBER 20, 2023

What is a Quiet Period? The quiet period is a period after a business files for the registration of securities with the Securities and Exchange Commission (SEC), when it is not allowed to make promotional statements to the public. During this period, no new information can be offered to the public than is not already contained within the registration statement.

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Corporate Finance Accounting Accounting 40

Accounting Tools

DECEMBER 20, 2023

What is Piggyback Registration? Piggyback registration is an arrangement under which certain existing securities issued by a business are included in a new offering of stock to the public. By doing so, the holders of the existing securities can sell their shares to other investors. This allows early-stage investors to exit the business, allowing new investors to take ownership positions in the firm.

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Corporate Finance Accounting Accounting 40