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: 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.
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.
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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.
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.
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.
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: 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
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: 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.
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: 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
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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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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