Nanonets

JANUARY 20, 2024

Introduction Prompt engineering, at its core, is the art of conversational alchemy with AI. It's where meticulous crafting of questions or instructions meets the world of generative AI models, transforming basic queries into targeted, specific, and incredibly useful responses. Think of it as the language bridge connecting human intentions to AI capabilities.

Customer Service 59

Customer Service Computation 59

CSI Accounting & Payroll

JANUARY 20, 2024

Many small businesses start off with the owner handling the bookkeeping on the side. However, they don’t usually have a background in this – much less expertise. If you’re handling your business’s bookkeeping, you’re going to have at least the occasional question. However, if you’re seeking bookkeeping advice more than a couple of times per year, this is a sign of a much bigger problem.

Bookkeeping 52

Bookkeeping Small Business Accounting Payroll Accounting 52

Accounting Tools

JANUARY 20, 2024

What is A Priori? A priori indicates a judgment or conclusion reached without any basis in actual experience. Such judgments are considered to be ones where the truth is so self-evident that there is no point in obtaining actual evidence to support the conclusion reached. Thus, reasoning should be sufficient to arrive at a conclusion, without the need for physical evidence to bolster it.

Budgeting 40

Budgeting 40

Accounting Tools

JANUARY 20, 2024

What are Dilutive Securities? Dilutive securities are any financial instruments that can potentially increase the number of shares outstanding. This means that such an instrument can be converted into a share of common stock. The concept is of importance when calculating fully diluted earnings per share, where the effect of these securities can reduce earnings per share.

Accounting 40

Accounting Accounting 40

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

Accounting Tools

JANUARY 20, 2024

What are Actuarial Gains and Losses? Actuarial gains and losses comprise the difference between the pension payments actually made by an employer and the expected amount. A gain occurs if the amount paid is less than expected. A loss occurs if the amount paid is higher than expected. It is necessary to have expected pension amounts, due to the need to factor such issues as employee tenure and the rate of pay increases into pension calculations.

Accounting 40

Accounting Accounting 40

Accounting Tools

JANUARY 20, 2024

What is the Declaration Date? The declaration date is the date on which the board of directors of a company authorizes the payment of a dividend to shareholders. Since this typically happens during a board meeting, the declaration date coincides with the date of corporate board meetings. The declaration date is the beginning of the process of dividend payment, which culminates several months later with payments being issued to the shareholders of record as of a date later than the declaration da

Corporate Finance 40

Corporate Finance Accounting Accounting 40

Accounting Tools

JANUARY 20, 2024

What is a Deferral in Accounting? In accounting, a deferral refers to the delay in recognition of an accounting transaction. This can arise with either a revenue or expense transaction. A deferral is used in order to only recognize revenues when earned and expenses when consumed. The concept is used under the accrual basis of accounting, but not under the cash basis of accounting.

Accruals 40

Accruals Bookkeeping Accounting Accounting 40

Accounting Tools

JANUARY 20, 2024

What is an Accrued Cost? Accrued cost is the cost of goods or services received or incurred during a period, when the lack of a supplier billing forces the buyer to accrue the related cost. The lack of a supplier billing is typically because the invoice is in transit, and does not arrive from the supplier until after the books have been closed for the reporting period.

Purchase Order 40

Purchase Order Billing Financial Statements Invoicing 40

Accounting Tools

JANUARY 20, 2024

What is a Deferred Charge? A deferred charge is an expenditure that is paid for in one accounting period, but for which the underlying asset will not be entirely consumed until one or more future periods have been completed. Consequently, a deferred charge is carried on the balance sheet as an asset until it is consumed. Once consumed, a deferred charge is reclassified as an expense in the current period.

Reconciling 40

Reconciling Auditing Accounting Accounting 40

Accounting Tools

JANUARY 20, 2024

What is a Deposit in Transit? A deposit in transit is cash and checks that have been received and recorded by an entity, but which have not yet been recorded in the records of the bank where the funds are deposited. If this occurs at month-end, the deposit will not appear in the bank statement issued by the bank, and so becomes a reconciling item in the bank reconciliation prepared by the entity.

Deposits 40

Deposits Bank Reconciliation Reconciling Bookkeeping 40

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.

Accounting

Accounting Tools

JANUARY 20, 2024

What is a Disclosure? A disclosure is additional information attached to an entity's financial statements , usually as explanation for activities which have significantly influenced the entity's financial results. Investors like to review these disclosures in detail, to find clues about the underlying financial condition of a business.

Financial Statements 40

Financial Statements 40

Accounting Tools

JANUARY 20, 2024

What is a Detachable Warrant? A detachable warrant is a derivative that is attached to a debt security , giving the owner the right to buy a certain number of shares of the issuer at a fixed exercise price. The debt issuer includes the detachable warrants in its sale of the debt security in order to obtain a lower interest rate than would be possible without the warrants, while a buyer is interested in the profit it could earn by converting the warrants to stock if the entity’s stock price rises

Corporate Finance 40

Corporate Finance Accounting Accounting 40

Accounting Tools

JANUARY 20, 2024

What is a Discount? A discount is the reduction of either the monetary amount or a percentage of the normal selling price of a product or service. For example, a discount of $10 may be offered from the list price of a product, or as a 10% discount from the list price. A discount may be given for a variety of reasons, including: Earlier payment than the normal credit terms offered to customers, such as a 1% discount in exchange for paying within 10 days.

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