Accounting Today

OCTOBER 12, 2023

The number of students earning accounting degrees keeps falling, according to the latest figures released by the American Institute of CPAs.

Accounting 348

Accounting Accounting CPA 348

Fidesic blog

OCTOBER 12, 2023

Whether you’re talking about your COO, CFO, CIO or the entire executive suite, these folks are probably juggling a lot of moving parts. If they are hesitant to invest or even spend time discussing AP automation, it’s probably because they are dedicating their busy calendar time to what they see as more important and more exciting.

AP 242

AP Accounts Payable Accounts Payable Accounting 242

Accounting Today

OCTOBER 12, 2023

Monthly checks for the more than 71 million people receiving retirement or disability benefits in the U.S. will get a 3.2% increase next year, the smallest gain since 2021, reflecting a significant cooling in the rate of inflation.

Accounting 312

Accounting Accounting 312

Accounting Department

OCTOBER 12, 2023

Inventory management is crucial for any business, regardless of its size or industry. But, as a business owner, you may wonder how often you should perform a thorough inventory check.

Financial Reporting 203

Financial Reporting QuickBooks 203

Advertisement

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

Accounting Today

OCTOBER 12, 2023

The PCAOB released a report that found 42% of auditing firms got at least one quality control criticism related to engagement quality reviews.

Auditing 312

Auditing 312

Insightful Accountant

OCTOBER 12, 2023

Take a look at Intuit's bold goals, new strategy and five big bets for the company's future.

114

114

Insightful Accountant

OCTOBER 12, 2023

Digitization of accounts payable tops finance leaders’ priorities for third consecutive year in MineralTree’s annual 'State of AP Report.

AP 102

AP Accounts Payable Accounts Payable Accounting 102

Accounting Today

OCTOBER 12, 2023

The service updated its tax-gap projections for tax years 2020 and 2021, predicting a big jump from prior estimates.

Tax 306

Tax 306

Accounting Tools

OCTOBER 12, 2023

Related Courses Credit and Collection Guidebook Effective Collections What is Credit Risk? Credit risk is the risk of loss due to a borrower not repaying a loan. More specifically, it refers to a lender’s risk of having its cash flows interrupted when a borrower does not pay principal or interest to it. Credit risk is considered to be higher when the borrower does not have sufficient cash flows to pay the creditor , or it does not have sufficient assets to liquidate make a payment.

Accounts Receivable 75

Accounts Receivable Account Receivables Accounts Receivable Collections 75

Accounting Today

OCTOBER 12, 2023

No temporary solution; cooking some books; French connection; and other highlights of recent tax cases.

Tax 298

Tax 298

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

OCTOBER 12, 2023

Related Courses Bookkeeping Guidebook Credit and Collection Guidebook How to Audit Receivables What is a Bad Debt? A bad debt is a receivable that a customer will not pay. Bad debts are possible whenever credit is extended to customers. They arise when a company extends too much credit to a customer that is incapable of paying back the debt , resulting in either a delayed, reduced, or missing payment.

Accounts Receivable 75

Accounts Receivable Account Receivables Accounts Receivable Accruals 75

Accounting Today

OCTOBER 12, 2023

The dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the U.S. corporate tax rate.

Corporation Tax 239

Corporation Tax Tax Auditing 239

Jetpack Workflow

OCTOBER 12, 2023

Podcast Summary In this episode of “Growing Your Firm,” host David Cristello interviews David Leary, partner at Earmark Media and co-host of The Accounting Podcast. They discuss David Leary’s experience of being fired as a client from an accounting firm and how it led him to become a business owner and customer of accounting firms. They also touch on the talent shortage in the industry and the quality of TurboTax Live.

Bookkeeping 65

Bookkeeping Small Business Accounting CPA QuickBooks 65

Accounting Today

OCTOBER 12, 2023

Since crypto's meltdown in 2022 the digital asset industry has come to rely on "proof of reserves" as the go-to attestation, from an internal accounting and market reassurance perspective.

Accounting 219

Accounting Accounting 219

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.

Tipalti

OCTOBER 12, 2023

Payment processors also work as intermediaries to process other payment methods. These payment options include ACH bank transfer and eCheck. E-check is a broad term for electronic checks used for ACH and global payments made through a payment processor.

52

52

Accounting Today

OCTOBER 12, 2023

"These findings are damning," Jon Holt, chief executive officer of KPMG in the U.K., said. "It is clear to me that our audit work on Carillion was very bad, over an extended period.

Auditing 211

Auditing Accounting Accounting 211

Tipalti

OCTOBER 12, 2023

Which alternatives rival ZipHQ when it comes to procurement automation and business spend control solutions? Read our comprehensive breakdown of top ZipHQ competitors.

52

52

Accounting Today

OCTOBER 12, 2023

The Task force on Climate-related Financial Disclosures is seeing more than half of companies issuing at least a handful of the disclosures it recommends.

Accounting 195

Accounting Accounting 195

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

Nanonets

OCTOBER 12, 2023

The problem of manual sales order processing The sales order processing workflow is integral to the overall order to cash process. In most medium to large B2B businesses sales orders are still entered/created manually by internal sales reps. This is the case even for large organisations that use SAP as their system of record (ERP) and process large volumes of orders.

Purchase Order 52

Purchase Order Data Entry Collections Invoicing 52

Accounting Today

OCTOBER 12, 2023

CohnReznick acquired Exiger's public sector advisory group; DJH Mitten Clarke acquired Revell Ward, Lyon Griffiths, and Haines Watts' Altrincham office; and OD Accountants acquired Probusiness.

Accounting 182

Accounting Accounting 182

Tipalti

OCTOBER 12, 2023

The supplier payment process involves tax compliance, fraud monitoring, currency exchange rates, banking requirements, and more. If your supplier payment process can’t nimbly respond to these factors, you’ll have to manually adjust to each vendor’s situation.

Tax 40

Tax Accounts Payable Accounts Payable Accounting 40

Accounting Today

OCTOBER 12, 2023

Hanno Berger was convicted in a tax scandal that robbed billions of euros from government coffers and ensnared some of Wall Street's biggest banks.

Tax 150

Tax 150

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

OCTOBER 12, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is Systematic Expensing? Systematic expensing is the charging of an asset to expense over a period of time, using a consistently-applied methodology. This approach is commonly used for depreciation and amortization , where a straight-line, accelerated, or usage-based expensing approach is applied.

Bookkeeping 40

Bookkeeping 40

Accounting Today

OCTOBER 12, 2023

The best and most differentiated firms prioritize leveraging technology to increase their clients' efficiency.

Payroll 150

Payroll 150

Accounting Tools

OCTOBER 12, 2023

Related Courses Accountants' Guidebook How to Audit Revenue Revenue Recognition What is Service Revenue? Service revenue is the sales reported by a business that relate to services provided to its customers. This revenue has usually already been billed, but it may be recognized even if unbilled, as long as the revenue has been earned. Service revenue does not include any income from the shipment of goods, nor does it include any interest income.

Billing 40

Billing Auditing Accounting Accounting 40

Accounting Today

OCTOBER 12, 2023

The White House Council of Economic Advisers said a reduction in revenues from capital gains taxes has played a notable role in the widening deficit.

Tax 189

Tax 189

Advertisement

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.

Accounting Tools

OCTOBER 12, 2023

Related Courses Credit & Collection Guidebook Effective Collections How to Audit Receivables What is a Billing Statement? A billing statement is a listing of the transactions impacting an account during a specific period of time. Statements are typically sent to customers on a monthly basis, so that they can review and verify account activity. The format of a statement that relates to unpaid customer receivables usually contains a reminder to pay any unpaid amounts that have exceeded the pay

Billing 40

Billing Collections Invoicing Auditing 40

Accounting Tools

OCTOBER 12, 2023

What is a Single Entity? A single entity is an operating unit for which financial information is reported. A single entity may be a separate legal entity, a subsidiary , department , or any other designation – as long as information is collected specifically for it, and decisions are made based on that information. For example, the CEO of a conglomerate requests that a single entity report be generated that shows the financial performance of its North American subsidiary.

Collections 40

Collections 40

Accounting Tools

OCTOBER 12, 2023

A sales account contains the record of all sales transactions. This includes both cash sales and credit sales. The account total is then paired with the sales returns and allowances account to derive the net sales figure that is listed at the top of the income statement. The sales account concept can also refer to a current customer. Once sales are made to a customer, it is known as a sales account.

Accounting 40

Accounting Accounting 40

Accounting Tools

OCTOBER 12, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is a Simple Journal Entry? A simple journal entry is an accounting entry in which just one account is debited and one is credited. The use of simple journal entries is encouraged as a best practice, since it is easier to understand these entries. The best possible approach to their use is to thoroughly document the reasons for each entry, and store this backup information along with a copy of the entry.

Accruals 40

Accruals Bookkeeping Payroll Accounting 40

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.

Invoicing