Accounting Today

APRIL 9, 2024

At 90,315,000, the number of individual returns received this tax season finally surpassed the same period last year, up 0.2% as of March 29, 2024.

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Tax 342

Xero

APRIL 9, 2024

If you or your clients are looking for ways to grow profits, drop prices or pay staff more, then one strategy is to lift productivity in your business. But what is productivity exactly (hint: it’s not about working longer hours), and how can you lift it in your small business or practice? What is small business productivity? Small business productivity is the measure of how much value a business can produce using the resources it has at its disposal (ie staff, capital, materials).

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XERO Bookkeeping Accounting Accounting 246

Accounting Today

APRIL 9, 2024

A recent poll of U.S. and U.K. accountants has found that 59% say they use AI at work, and through AI have saved about 30 hours a week.

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Accounting Accounting 328

Fidesic blog

APRIL 9, 2024

In this blog post we will tell you what JustPay is, who it's for and how it can help you improve your accounting department.

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AP Accounting Accounting 130

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

Accounting Today

APRIL 9, 2024

The tax prep giant settled a proposed class-action suit that said it schemed to prevent employees from moving between corporate and franchisers.

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Tax 321

Insightful Accountant

APRIL 9, 2024

New QuickBooks Online Payroll feature lets you quickly create and assign payroll items to multiple employees.

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Payroll QuickBooks 105

Accounting Tools

APRIL 9, 2024

What are Other Assets? Other assets is a grouping of accounts that is listed as a separate line item in the assets section of the balance sheet. This line item contains minor assets that do not naturally fit into any of the main asset categories, such as current assets or fixed assets. Examples of Other Assets There are several types of assets that can be included in the Other Assets classification.

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Deposits Financial Statements Billing Tax 75

Accounting Today

APRIL 9, 2024

The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.

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Tax 306

Oversight

APRIL 9, 2024

YOU – A champion in the making! Organizations need AI thought leaders and AI champions, and YOU can become one of them. Leadership needs a business case and a set of clear coordinates for AI applications. Managers need team members who get this powerful new technology, who can see where it best fits into driving new levels of output and positive outcomes.

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Accounting Today

APRIL 9, 2024

The Internal Revenue Service and the Treasury Department issued proposed rules for the stock buyback tax for large corporations.

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Tax Corporation Tax 235

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Collections

Economize

APRIL 9, 2024

Azure Cloud Shell is a fully managed service that enables users to interact with Azure resources using a browser-based shell. This innovative service eliminates the need for local installations and configurations of CLI tools, offering a ready-to-use environment accessible from anywhere, at any time.

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Accounting Today

APRIL 9, 2024

Registrations are open for the 2024 Accounting MOVE Project, with a focus on private equity's impact on accounting career paths.

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Accounting Accounting 208

Counto

APRIL 9, 2024

Sole Proprietorship vs Pte Ltd – Which One Is Right for You? When venturing into the business world in Singapore, one of the foremost decisions you’ll make is selecting the appropriate business structure. For entrepreneurs, the choice often boils down to two main options: sole proprietorship and private limited company (Pte Ltd). Each structure carries its unique advantages and challenges, making a well-informed decision critical for your business’s success.

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Corporation Tax Tax Accounting Accounting 52

Accounting Today

APRIL 9, 2024

The free tax program will now import a taxpayer's information from the previous year, as a report finds the program could cost the IRS considerably more than the estimated $249 million per year to maintain.

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Tax 189

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.

Accounts Payable

oAppsNet

APRIL 9, 2024

As we enter 2024, the landscape of accounts payable (AP) departments is poised for significant transformation. Evolving technologies, shifting business paradigms, and changing consumer expectations are driving a wave of change that will reshape the roles and responsibilities of AP professionals. This article will explore nine key ways AP departments are expected to change in 2024 and the implications for individuals and organizations. 1.

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Accounts Payable Accounts Payable AP Vendor Management 52

Accounting Today

APRIL 9, 2024

Here's why it's helpful to keep a big multifunction printer with lots of extra printing capacity and even fax capability.

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finout

APRIL 9, 2024

In the rapidly evolving world of technology, AWS Generative AI is leading the charge, offering a suite of services designed to revolutionize how we approach artificial intelligence (AI) and machine learning (ML). These innovative tools and environments are crafted to assist in developing, training, and deploying AI models, including the increasingly crucial Large Language Models (LLMs).

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FinOps FinOps 52

Accounting Today

APRIL 9, 2024

Chief obstacles; tax illiteracy; what makes a great preparer; and other highlights from our favorite tax bloggers.

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Tax Auditing 145

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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.

Accounting

Ontrack Bookkeeping

APRIL 9, 2024

As a small business owner, one of your biggest concerns may be the threat of retail theft. It’s understandable that the thought of someone stealing from you could be both frustrating and disheartening, especially when you’ve poured so much effort into building your business. Shoplifting can have a significant impact on your bottom line, making it essential to take steps to deter potential thieves and protect your merchandise.

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Budgeting 40

Accounting Tools

APRIL 9, 2024

What is a Warranty Liability? A warranty liability is a liability account in which a company records the amount of the repair or replacement cost that it expects to incur for products already shipped or services already provided. This represents a future commitment to correct any issues that customers may have with warrantied products. This can be a significant liability for more complex products that are subject to breakage.

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Financial Statements Accounting Accounting 40

NACM

APRIL 9, 2024

NACM's Professional Certification Program provides six quality levels of education for credit professionals either seeking new skills or sharpening the skills they already have. And for Angela Dixon, CBF, CCRA, lead credit underwriter at Cary Oil Co., Inc. (Cary, NC), earning one certification was just the beginning of her designation journey. Thou.

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Accounting Tools

APRIL 9, 2024

What is a Write-Down? A write-down occurs when a business reduces the carrying amount of an asset , other than through normal depreciation and amortization. A write-down is normally done when the market value of an asset declines below its current carrying amount. The entire amount of the write-down charge appears on the income statement , while the reduced carrying amount of the asset appears on the balance sheet.

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Auditing Accounting Accounting 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

APRIL 9, 2024

What is the Reserve for Encumbrances? The reserve for encumbrances is an account containing that portion of a fund balance that has been set aside for the payment of an obligation. For example, the reserve could be used to pay for a maintenance contract or an issued purchase order. By using a reserve, a government entity is better able to control its expenditures by avoiding over-commitments of its funds.

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Purchase Order Collections Accounts Payable Accounts Payable 40

Accounting Tools

APRIL 9, 2024

What is a Revenue Center? A revenue center is a distinct operating unit of a business that is responsible for generating sales. For example, a department store may consider each department within the store to be a revenue center, such as men's shoes, women' shoes, men's clothes, women's clothes, jewelry, and so forth. A revenue center is judged solely on its ability to generate sales; it is not judged on the amount of costs incurred.

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Accounting Accounting 40

Accounting Tools

APRIL 9, 2024

What is Significant Influence? Significant influence is the power to participate in the operating and financial policy decisions of an entity; it is not control over those policies. If an investor holds at least 20 percent of the voting power of an investee, the investor is presumed to have significant influence. The assumption of influence can be reversed through a clear demonstration to the contrary.

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Accounting Accounting 40

Accounting Tools

APRIL 9, 2024

What is Reproduction Cost? Reproduction cost is the expenditure required to reproduce an asset at current prices. The level of reproduction is assumed to be exact - involving the same materials and specifications as were used for the original asset. The concept is used in the insurance industry to assist in determining the price to charge to insure against the destruction of a customer's asset.

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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

APRIL 9, 2024

What is Repairs and Maintenance Expense? Repairs and maintenance expense is the cost incurred to ensure that an asset continues to operate. This may involve bringing performance levels up to their original level from when an asset was originally acquired, or merely maintaining the current performance level of an asset. Expenditures required to increase the performance level may result in the capitalization of the additional costs.

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Accounting Accounting 40

Accounting Tools

APRIL 9, 2024

What is the Risk-Return Tradeoff? The risk-return trade-off states that the level of return to be earned from an investment should increase as the level of risk goes up. Conversely, this means that investors will be less likely to pay a high price for investments that have a low risk level, such as high-grade corporate or government bonds. Different investors will have different tolerances for the level of risk they are willing to accept, so that some will readily invest in low-return investment

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Accounting Tools

APRIL 9, 2024

What is a Revaluation Surplus? A revaluation surplus is an equity account in which is stored any upward changes in the value of capital assets that exceed its prior book value. This surplus is only used when you are following the Revaluation Model to account for fixed assets. This approach is only allowed under International Financial Reporting Standards.

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Financial Reporting Auditing Accounting Accounting 40

Accounting Tools

APRIL 9, 2024

What is Reacquired Stock? Reacquired stock is shares that the issuing entity has purchased back from investors. These shares are no longer classified as being outstanding, and cannot be used to vote on issues brought before shareholders for their approval. Reasons to Reacquire Stock There are several reasons why a business might elect to reacquire stock, including the following items: Alter capital structure.

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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