Ontrack Bookkeeping

OCTOBER 14, 2023

I have just returned from a Accountants and Tax Agents Institute of NZ (ATAINZ) Workshop in Auckland, where members of the ATAINZ congregated for a day of learning and community connection. Given I am a people person, I loved seeing people in person and really being able to connect on a level you just cant get over the internet. It was great to have our ethical responsibilities as a member of ATAINZ covered in one of the first sessions, with scenarios on how to deal with certain situations.

Tax 98

Tax Accounting Accounting 98

Reconciled Solutions

OCTOBER 14, 2023

I recently attended ProfitCon 2023 in New Jersey, and as I do every year, I left feeling uplifted and reinvigorated. Gathering with other Profit First. The post How Profit First transformed my business and personal life appeared first on Reconciled Solutions.

Reconciling 86

Reconciling 86

Accounting Tools

OCTOBER 14, 2023

Related Courses Business Strategy What is a Strategic Alliance? A strategic alliance is a joint collaboration between two or more entities in order to achieve common objectives. This approach can result in more rapid attainment of objectives, possibly at a lower cost. In an alliance, the participating entities do not contribute resources to a legally separate joint venture that is tasked with the objectives of the founding parties.

Deposits 40

Deposits 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement What is Stop-or-Go Sampling? Stop-or-go sampling involves the evaluation of each sample taken from a population to see if it fits a desired conclusion. The auditor stops evaluating samples as soon as there is sufficient support for the conclusion. If the initial evaluation does not support the conclusion, the person conducting the test incrementally increases the sample size and continues to test, trying to reach the desi

Auditing 40

Auditing 40

Advertisement

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

Accounting Tools

OCTOBER 14, 2023

Related Courses Corporate Finance Enterprise Risk Management GAAP Guidebook What is a Special Purpose Entity? A special purpose entity is a legally separate business that absorbs risk for a corporation. A special purpose entity can also be designed for the reverse situation, where the assets it holds are secure even if the related corporation enters bankruptcy (which can be important when assets are being securitized).

Corporate Finance 40

Corporate Finance Financial Statements Accounting Accounting 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Auditing State and Local Governments Governmental Accounting The Green Book Explained The Yellow Book Explained What is a Special Assessment Fund? A special assessment fund is used by a government to track the expenses associated with an activity or project. The funding for this fund comes from a special assessment levied against property holders.

Auditing 40

Auditing Tax Accounting Accounting 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Statutory Consolidation? A statutory consolidation is a combination of two companies through a merger transaction, where both entities are replaced by a new entity. The original merging entities are terminated at the time of the merger.

CPA 40

CPA 40

Accounting Tools

OCTOBER 14, 2023

Related Courses GAAP Guidebook International Accounting What are Statements of Position? Statements of position are recommendations regarding accounting issues that are occasionally produced by the American Institute of Certified Public Accountants ( AICPA ). Statements of position are intended to revise or improve upon the guidance included in previously-issued audit guides and accounting guides, as well as to provide guidance on specific audit topics.

Auditing 40

Auditing Financial Accounting Accounting Accounting 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Serial Bond? A serial bond is a bond issuance where a portion of the total number of bonds are paid off each year. This results in a gradual decline in the total amount of the issuer's debt outstanding. For example, a $1,000,000, ten-year serial bond will have $100,000 of bonds mature once a year for ten years.

Corporate Finance 40

Corporate Finance 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Secured Bond? A secured bond is a debt instrument that is backed by collateral. If the issuer defaults on bond payments, this means that title to the underlying assets will be passed to the bond holders. Examples of these assets are production equipment and real estate.

Corporate Finance 40

Corporate Finance 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

OCTOBER 14, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Subordinated Debt? Subordinated debt is a debt obligation that has a lower payment priority than more senior debt. Thus, the claims of more senior debt holders must be satisfied before the holders of subordinated debt can be paid. If the borrower does not have the financial resources to pay off its debt holders, the holder of subordinated debt is at a heightened risk of not being paid.

Corporate Finance 40

Corporate Finance 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Business Ratios Guidebook Inventory Management Operations Management How to Calculate Inventory Accuracy A business relies upon the accuracy of its inventory records in order to maintain its production and customer fulfillment systems. For these records to be truly accurate, they must contain accurate information about quantity on hand, the location of inventory, the unit of measure, and the part number.

Auditing 40

Auditing 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements Working Capital Management What is Working Capital Productivity? The working capital productivity measurement compares sales to working capital. The intent is to measure whether a business has invested in a sufficient amount of working capital to support its sales. From a financing perspective, management wants to maintain low working capital levels in order to keep from having to raise more cash to operate the

Financial Statements 40

Financial Statements Accounts Payable Accounts Payable Accounts Receivable 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Return on Operating Assets? The return on operating assets measurement focuses attention on only those assets used to generate revenue. Once measured, a common outcome is that management works to minimize all of the other assets on the books that are not contributing to revenue.

Financial Statements 40

Financial Statements 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

OCTOBER 14, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Operating Assets Ratio? The operating assets ratio can be used as part of an analysis to eliminate those company assets that are not contributing to operations. For example, if a rival company has a low operating assets ratio, a competitor could use the rival's ratio as the basis for an internal review to see how many assets should be eliminated in order to arrive at a similar ratio.

Accounts Receivable 40

Accounts Receivable Account Receivables Accounts Receivable Financial Statements 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Inventory Management Operations Management What is a Stockout? A stockout occurs when customer orders for a product exceed the amount of inventory kept on hand. This situation arises when demand is higher than expected and the amount of normal inventory and safety stock is too low to fill all orders. A stockout can also arise due to delays in the supply chain, as well as stoppages in a company's production process.

40

40

Accounting Tools

OCTOBER 14, 2023

Related Courses Law Firm Accounting What is a Retainer Fee? A retainer is a fee paid in advance in order to secure the services of a law firm. This arrangement is more likely when an attorney feels that the finances of a client are questionable, or at the start of a major project on behalf of a client, in order to cover the up-front costs of the attorney.

Accruals 40

Accruals Accounting Accounting 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Contract Management Project Accounting Project Management What is Scope Creep? Scope creep occurs when the original goals of a project are expanded during the course of the work. This may involve a mix of quite small adjustments, as well as larger changes, which in total result in a substantial increase in the resources and time required to complete a project.

Accounting 40

Accounting Accounting 40

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.

CPA

Accounting Tools

OCTOBER 14, 2023

What is an Obligation? An obligation is a commitment to pay a third party based on an underlying contract, such as a purchase order , mortgage , or bond issuance. If the obligation is probable and the amount can be determined, then it is recorded in an entity's accounting records as a liability. Presentation of an Obligation If an obligation is due within one year, it is classified as a current liability.

Purchase Order 40

Purchase Order Payroll Tax Accounting 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Law Firm Accounting What is the Realization Rate? The realization rate is the proportion of billable hours at standard billing rates to the amount that is actually billed to clients. A low realization rate directly and negatively impacts the profitability of a firm, since its revenues are reduced. Realization rates can be reported by individual, partner, office, or practice group.

Billing 40

Billing Accounting Accounting 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Essentials of Employment Law Human Resources Guidebook Payroll Management What is a Salaried Employee? A salaried employee is paid based on an annual rate of pay, irrespective of the number of hours actually worked. For example, if a person has a $70,000 salary and he is paid once a week, then the gross amount of each of the 52 paychecks he receives during the year is $1,346 ($70,000 / 52 weeks).

Payroll 40

Payroll 40

Accounting Tools

OCTOBER 14, 2023

Related Courses C Corporation Tax Guide Types of Business Entities What is a Shareholder? A shareholder is an individual or entity that owns the shares of a corporation. Share ownership entitles a shareholder to certain rights, which usually include voting for the board of directors , receiving dividends from the firm, and receiving its annual financial statements.

Corporation Tax 40

Corporation Tax Financial Statements Tax 40

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

Accounting Tools

OCTOBER 14, 2023

Related Courses Public Company Accounting & Finance What is a Stock Registration? Stock registration is the process of registering a company's stock for sale to the public. In the United States, this requires the filing of registration documents with the Securities and Exchange Commission (SEC), which can be an expensive and lengthy process. An issuer must submit audited financial statements to the SEC as part of a stock registration.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Subsidiary Account? A subsidiary account is an account that is kept within a subsidiary ledger , which in turn summarizes into a control account in the general ledger. A subsidiary account is used to track information at a very detailed level for certain types of transactions , such as accounts receivable and accounts payable.

General Ledger 40

General Ledger Accounting Accounting Accounts Payable 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Subordinated Debenture? A subordinated debenture is a bond classified lower than more senior debt in the event of a default. This means that the holders of more senior securities are paid first, before any residual funds are made available to the holder of the subordinated debenture.

Corporate Finance 40

Corporate Finance 40