Accounting Today
MARCH 19, 2024
The Internal Revenue Service hasn't fully updated its plans to use the tens of billions of dollars in additional funds provided by the Inflation Reduction Act, according to a new report.
Insightful Accountant
MARCH 19, 2024
Sunsets are not always as beautiful as the one depicted. and so it may be for many who are using QuickBooks Desktop 2021 products when those products 'sunset' on May 31, 2024.
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Accounting Today
MARCH 19, 2024
with tax season in full swing, accountants need to have a game plan to mitigate the potential impacts the shortage may cause.
Cevinio
MARCH 19, 2024
Discover the best accounts payable tool for your business with our comprehensive guide. Maximize efficiency, minimize errors, and optimize.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
Accounting Today
MARCH 19, 2024
The Bekkerman case held that California may tax a bundled cellphone at the full price as an unbundled cellphone, rather than the discounted price.
Insightful Accountant
MARCH 19, 2024
On this episode of Accounting Insiders, Serah Blackstone-Fredericks shares her journey into bookkeeping, initially aiding a friend with legal paperwork and later managing an office before establishing her bookkeeping business.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Insightful Accountant
MARCH 19, 2024
You won't want to miss today's QB Talks at 2:00 PM Eastern when Alicia Katz Pollock will cover the Revenue Recognition/Deferred Revenue feature in QBO Advanced.
Accounting Today
MARCH 19, 2024
GreenGrowth CPAs dominated the league tables in the last quarter of 2024, adding 30 new clients through two acquisitions.
Blake Oliver
MARCH 19, 2024
Are you considering selling your accounting firm? Navigating the complex process of valuing, marketing, and transitioning your business can be daunting. That's why I'm excited to invite you to join me and serial acquirer Michael Ly for an insightful webinar that will provide you with the tools and knowledge needed to sell your accounting firm successfully.
Accounting Today
MARCH 19, 2024
While tax season started seven days later this year, taxpayers are getting their returns into the IRS earlier, according to the latest statistics.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
Counto
MARCH 19, 2024
Filing Requirements for Sole Proprietors: All You Need to Know As a solo entrepreneur running a sole proprietorship in Singapore, understanding your filing obligations is paramount to maintaining compliance with the law. Here’s a comprehensive guide to annual return filing and record-keeping for sole proprietors: Personal Income Tax Filing In Singapore, a sole proprietorship isn’t a separate legal entity.
Accounting Today
MARCH 19, 2024
Artificial intelligence will redefine our thinking around capacity and talent management.
oAppsNet
MARCH 19, 2024
Electronic Bill Presentment and Payment (EBPP) solutions can seamlessly integrate with other financial systems, including Enterprise Resource Planning (ERP) systems. This integration streamlines processes, enhances data accuracy, and improves overall efficiency in managing billing and payment activities. In this article, we’ll cover the steps for integrating EBPP with your ERP system. 1.
Accounting Today
MARCH 19, 2024
The Public Company Accounting Oversight Board posted a settled disciplinary order Tuesday sanctioning an Israeli auditor and her firm for violating the PCAOB's rules during several audits, imposing a $200,000 penalty.
Advertiser: Paycor
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
Counto
MARCH 19, 2024
Filing Requirements for Private Limited Companies: All You Need to Know As a Singapore business owner, it is important to understand filing requirements for private limited companies to ensure tax compliance. This guide outlines key obligations, deadlines, and penalties you should be aware of. Filing ECI (Estimate of Chargeable Income) File with IRAS Within 3 months from the Financial Year End Estimated Chargeable Income (ECI) is an advance estimation of your company’s taxable profits for
Accounting Today
MARCH 19, 2024
The Chinese real estate company's revenue overstatement dwarfs that of Luckin Coffee Inc. and Enron Corp., dealing a blow to the reputation of its former auditor PricewaterhouseCoopers and the country's financial oversight.
Accounting Tools
MARCH 19, 2024
What are Check Printing Charges? Check printing charges are the fee imposed by a bank when an account holder orders additional check stock. The fee is typically run through the account holder's bank account, and appears on the monthly bank statement as a deduction. Accounting for Check Printing Charges The account holder charges this amount to expense as incurred.
Accounting Today
MARCH 19, 2024
Next stop, more billions; misaimed mansion tax; auditing's future; and other highlights from our favorite tax bloggers.
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
MARCH 19, 2024
What is an Accumulated Deficit? An accumulated deficit is a negative retained earnings balance. This deficit arises when the cumulative amount of losses experienced and dividends paid by a business exceeds the cumulative amount of its profits. It can be quite difficult for a business to obtain a loan when it has an accumulated deficit, since this is a sign for lenders that the business is not generating sufficient cash flow to pay off the loan.
NACM
MARCH 19, 2024
NACM's Professional Certification Program gives credit professionals the opportunity to earn designations and apply useful knowledge to excel in their career. For some, the journey to success is a straight path—but for others, the journey takes them over a few hurdles before reaching the finish line. The certification program equips both new and ex.
Accounting Tools
MARCH 19, 2024
What is an Apportionment? An apportionment is the separation of revenues , expenses , or profits , which are then assigned to different accounts , departments , or subsidiaries. The concept is used in particular for the assignment of profits to different geographic regions of a business, which impacts the taxable profits reported to different governments.
Accounting Today
MARCH 19, 2024
Exxon Mobil Corp. won't move forward with one of the world's largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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 Tools
MARCH 19, 2024
What is Capital Stock? Capital stock is comprised of all types of shares issued by a corporation. An alternative definition of capital stock is that it is comprised of the total number of common shares and preferred shares that are authorized for issuance. This amount may be substantially larger than the number of shares actually issued. A business that has a relatively small amount of capital stock is said to be thinly capitalized, and probably relies upon a significant amount of debt to fund i
Accounting Tools
MARCH 19, 2024
What is a Common Size Financial Statement? A common size financial statement shows each line item on a financial statement as a percentage of a base figure. Most commonly, this means that each revenue , expense , and profit line item on the income statement is presented as a percentage of net sales. In addition, each asset , liability , and shareholders’ equity line item on the balance sheet is expressed as a percentage of total assets.
Accounting Tools
MARCH 19, 2024
What is Accumulated Depletion? Accumulated depletion is the amount of depletion expense that has built up over time in relation to the use of a natural resource. This amount is paired with the natural resource asset on the balance sheet as a contra account. The net effect of this pairing is that a reduced amount of natural resource asset appears on the balance sheet of the reporting entity.
Accounting Tools
MARCH 19, 2024
It is increasingly common for a business to pay a supplier with an electronic payment, rather than with a check or in cash. By doing so, a firm can issue payments at lower cost , more efficiently , and with fewer errors than with check payments. The following procedure is intended for these electronic payments. Authorize Payment (Payables clerk) Print the schedule of payments to be made by electronic payment, and forward to the controller for payment approval.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Accounting Tools
MARCH 19, 2024
What is Receiving? A receiving procedure is needed to properly inspect all incoming goods, mark them with tags, and record them as having been received. If this is not done correctly, a business will find that its inventory records are inaccurate. When these records are inaccurate, it is impossible to fulfill customer orders or run manufacturing operations in an efficient manner.
Accounting Tools
MARCH 19, 2024
Asset Recognition Procedure One of the areas in which a procedure can be quite useful is for the initial recognition of a fixed asset in the accounting system , since this is a relatively complicated transaction. The procedure for completing the asset recognition process is outlined below: Determine base unit. Determine the base unit for the asset. This determination is based upon a number of factors, such as whether the useful lives of various components of the asset are significantly different
Accounting Tools
MARCH 19, 2024
Order picking is the process of locating goods in the warehouse and sending them to customers. It is essential to conduct this process efficiently and effectively , in order to send complete orders to customers as quickly as possible. The basic picking process is stated below, along with procedures for both handling and investigating returned items.
Accounting Tools
MARCH 19, 2024
What is a Prepaid Asset? A prepaid asset is an expense that has already been paid for, but which has not yet been consumed. The concept most commonly applies to administrative activities, such as prepaid rent or prepaid advertising. A prepaid asset appears as a current asset on an organization's balance sheet , assuming that it is expected to be consumed within one year.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
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