Thu.Nov 02, 2023

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Global Engineering Days 2023 – a week on the road to beautiful code

Intuit

GED is a weeklong code-a-thon that brings together Intuit technologists from all over the world to innovate and collaborate on projects they’re passionate about. This fall’s GED had a number of “firsts”: #1: Intuit’s Chief Technology Officer, Alex Balazs kicked off the week in Bangalore, India. Over 1,000 technologists from our India office came together in person to watch the GED kickoff, hosted by Alex.

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NASBA CEO Ken Bishop plans to retire

Accounting Today

The longtime leader of the National Association of State Boards of Accountancy plans to retire at the end of July.

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The Ins and Outs of DCAA Accounting for Government Contractors

Accounting Department

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor. DCAA stands for Defense Contract Audit Agency, a branch of the Department of Defense that is tasked with auditing and evaluating proposal and contract costs for the government.

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IRS criminal investigators team up with other countries to tackle cybercrime

Accounting Today

Officials from the IRS's Criminal Investigation division met with tax officials from four other countries to uncover tax evasion and money laundering schemes through data mining.

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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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Thomson Reuters Unveils Generative AI Strategy Designed to Transform the Future of Professionals

Insightful Accountant

Thomson Reuters, a global content and technology company, today announced updates on its multi-year global investment strategy in generative artificial intelligence. These include integrating generative AI skills through product, Westlaw Precision.

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Key considerations for internal auditors in post-transformation integrations

Accounting Today

These audits are essential to ensure that integration processes are executed correctly, risks are identified and mitigated, and controls are in place to safeguard the organization's assets and financial reporting.

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Uber, Lyft agree to $328M in back pay for NY drivers

Accounting Today

Attorney General Letitia James says Uber from 2014 to 2017 improperly deducted sales tax and other fees from driver paychecks that should have been paid by passengers.

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How to Effectively Audit Accounts Payable

MineralTree

Accounts payable is a foundational function that ensures organizations maintain accurate invoices, payments, and vendor relationships, while making bill payments on time. However, amidst today’s rapid and intricate business transactions, particularly in high volumes, managing accounts payable processes can pose significant challenges. Without proper oversight and regular checks, accounts payable can turn into a source of financial complexity and risk.

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Grassi announces ESOP

Accounting Today

The New York-based Top 100 Firm is also adopting an alternative practice structure.

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The causes of depreciation

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What are the Causes of Depreciation? Depreciation is a ratable reduction in the carrying amount of a fixed asset. Depreciation is intended to roughly reflect the actual consumption of the underlying asset, so that the carrying amount of the asset has been reduced to its salvage value by the time its useful life is over.

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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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Majority of organizations now use AI in financial reporting

Accounting Today

A recent poll of finance leaders has found that the majority of organizations now use AI in at least some of their financial reporting process.

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Backflush accounting definition

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory What is Backflush Accounting? Backflush accounting is when you wait until the manufacture of a product has been completed, and then record all of the related issuances of inventory from stock that were required to create the product. This approach has the advantage of avoiding all manual assignments of costs to products during the various production stages, thereby eliminating a large number of transactions and the associated cleric

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Citrin Cooperman acquires Gettry Marcus

Accounting Today

The Top 30 Firm is expanding its presence in the New York area, the latest in a series of deals after receiving private equity funding.

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Opportunity cost of capital definition

Accounting Tools

Related Courses Capital Budgeting Corporate Finance Financial Analysis What is the Opportunity Cost of Capital? The opportunity cost of capital is the incremental return on investment that a business foregoes when it elects to use funds for an internal project, rather than investing cash in a marketable security. Thus, if the projected return on the internal project is less than the expected rate of return on a marketable security, one would not invest in the internal project, assuming that this

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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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Top Accounting Conferences for Every Accounting Professional in 2024 

Ace Cloud Hosting

As an accounting leader, you constantly make decisions that affect your organization’s growth. To make the best possible decisions, you need access to the latest information and insights from experts.

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Incremental budgeting definition

Accounting Tools

Related Courses Budgeting Capital Budgeting What is Incremental Budgeting? Incremental budgeting is budgeting based on slight changes from the preceding period's budgeted results or actual results. This is a common approach in businesses where management does not intend to spend a great deal of time formulating budgets , or where it does not perceive any great need to conduct a thorough re-evaluation of the business.

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Advancing 275 Electronic Attachments in Medical Billing: A Move Towards Efficiency

SSI Healthcare Rev Cycle Solutions

Advancing 275 Electronic Attachments in Medical Billing: A Move Towards Efficiency Home / November 1, 2023 Author: Tracey Tillman, CRCR, Sr. Director of Product Management at SSI The healthcare sector is no stranger to the myriad complexities associated with medical claims and billing processes. Among them, the 275 electronic attachment is emerging as an essential tool in the realm of Revenue Cycle Management (RCM).

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Accounts Payable Workflow Automation: 9 Undeniable Benefits

AvidXchange

Interested in an innovative way to avoid late payments, invoice approval delays and inefficient, outdated processes? Accounts payable workflow automation can help. Read on to learn the benefits and steps needed to make accounts payable (AP) workflow automation a reality. Learn More About Accounts Payable Automation What is an Accounts Payable Workflow?

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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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Advancing 275 Electronic Attachments in Medical Billing: A Move Towards Efficiency

SSI Healthcare Rev Cycle Solutions

Advancing 275 Electronic Attachments in Medical Billing: A Move Towards Efficiency Home / November 1, 2023 Author: Tracey Tillman, CRCR, Sr. Director of Product Management at SSI The healthcare sector is no stranger to the myriad complexities associated with medical claims and billing processes. Among them, the 275 electronic attachment is emerging as an essential tool in the realm of Revenue Cycle Management (RCM).

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What Can CPQ Mean for Your Business?

Billing Platform

Are you struggling with inaccurate or inconsistent configurations, quoting, or pricing, slow quote turnaround time, personnel bottlenecks, sales downtime, inaccurate sales forecasting, poor results from upselling and cross-selling initiatives, complicated spreadsheets, or customer dissatisfaction? Have you been wondering what the meaning of CPQ is for your business and if you could benefit from a configure, price and quote (CPQ) solution ?

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The Cost and Savings of Business Tax Planning Services

CSI Accounting & Payroll

Small business taxes can be very expensive! Can a tax planning service help you lower them? If so, do these savings outweigh the cost of the investment? At CSI Accounting & Payroll, we’ve helped small businesses with tax planning for over 50 years. We have seen firsthand the differences in what annual tax filing and year-round tax planning cost - and what they provide.

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New Xero Data Shows US Small Businesses are Getting Paid Faster, Despite Weak Sales Numbers

Insightful Accountant

Xero, the global small business platform, released new findings as part of its Xero Small Business Insights (XSBI) program, which aggregates and anonymizes data from tens of thousands of Xero small business subscribers in North America.

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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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Headlines: Maryland Can't Account For $1.4 Billion of Covid Funds

Cloud Accounting Podcast

An independent audit reveals over $1.4 billion in questionable spending and lack of financial oversight at Maryland's Health Department during the COVID pandemic. We break down the audit's alarming findings, and the response from state officials committed to improving financial practices. Need CPE? Get CPE for listening to podcasts with Earmark: [link] Subscribe to the Earmark Podcast: [link] Get in Touch Thanks for listening and the great reviews!

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App Academy | DocuWare

Insightful Accountant

DocuWare is a document management software and workflow automation for business everywhere.

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Overhead definition

Accounting Tools

Related Courses Accounting for Inventory Activity-Based Costing Cost Accounting Fundamentals Overhead is those costs required to run a business, but which cannot be directly attributed to any specific business activity, product, or service. Thus, overhead costs do not directly lead to the generation of profits. Overhead is still necessary, since it provides critical support for the generation of profit-making activities.

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Are You a Veteran of the US Military?

Insightful Accountant

Veteran's day is fast approaching and we at Insightful Accountant would like to recognize the members of our audience who have served in the US military.

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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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Reverse factoring definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Reverse Factoring? Reverse factoring is when a finance company, such as a bank, interposes itself between a company and its suppliers and commits to pay the company's invoices to the suppliers at an accelerated rate in exchange for a discount. This is a lower-cost form of financing that accelerates accounts receivable receipts for suppliers.

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Donald Trump Jr. says he wasn't involved in financial statements

Accounting Today

"The accountants worked on it," the eldest son of former president Donald Trump testified in a Manhattan courtroom. "That's what we paid them for.

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Middle market banking definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Middle Market Banking? Middle market banking is the concept of providing investment banking services to companies with revenues in the range of $50 million to $1 billion. The mid-range size of these clients forces bankers to specialize in certain areas, where they prefer to carve out defensible market space.

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Accountant responsibility definition

Accounting Tools

Related Courses Ethical Frameworks in Accounting Guide to Auditor Legal Liability How to Conduct an Audit Engagement What is Accountant Responsibility? Accountant responsibility is an accountant’s ethical duty to anyone who relies on their work output. These parties include lenders , creditors , investors , regulators, and anyone else who reads the person’s financial reports.

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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.