Fri.Sep 20, 2024

article thumbnail

AR processes are a mess

Accounting Today

Many companies grapple with fragmented systems, outdated procedures and a general lack of integration, which together create a chaotic environment for managing receivables.

AR 304
article thumbnail

Table Extraction using LLMs: Unlocking Structured Data from Documents

Nanonets

Picture this - you’re drowning in a sea of PDFs, spreadsheets, and scanned documents, searching for that one piece of data trapped somewhere in a complex table. From financial reports and research papers, to resumes and invoices, these documents can contain complex tables with a wealth of structured data that needs to be quickly and accurately extracted.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

RSM lays off 3% of staff

Accounting Today

The cuts include roughly 240 employees in RSM's consulting businesses, and come as demand for the profession's consulting services wanes.

325
325
article thumbnail

Embracing Automation: Enhancing Time Efficiency In Accounting

The Successful Bookkeeper

In accounting, managing time goes beyond simply organizing your hours; it’s about maximizing value for both you and your clients.

article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

article thumbnail

Special travel per diem rates begin next month

Accounting Today

Rev. Proc. 2019-48 lays out the new rates for taxpayers who don't want to substantiate their actual expenses.

Tax 334
article thumbnail

Cloud Data Defense: Encryption & Access Controls for a Secure Online Environment

Ace Cloud Hosting

Cybersecurity experts believe misconfiguration is the biggest threat to cloud security. Exfiltrating sensitive data and insecure interfaces/APIs are also major concerns, while unauthorized access is another significant risk. Encryption and.

59

More Trending

article thumbnail

Checklist: Avoiding & Preparing for a Small Business Tax Audit

CSI Accounting & Payroll

Small businesses have to pay income taxes, which are subject to audits from the IRS. Sometimes, business owners can trigger audits, and other times, they are completely random.

article thumbnail

IASB proposes amendments on applying equity method

Accounting Today

The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.

article thumbnail

What Is Consolidated Billing? Best Practices & Benefits Uncovered

Billing Platform

Popular among software-as-a-service (SaaS) organizations, billing consolidation is a methodology that merges multiple transactions or subscriptions into a single invoice. This approach simplifies the process by consolidating multiple financial transactions. It’s also referred to as consolidated invoicing, consolidated subscription billing, and consolidated billing in SaaS.

Billing 52
article thumbnail

FinCEN releases beneficial ownership reporting toolkit for small biz

Accounting Today

The Treasury Department's Financial Crimes Enforcement Network has created an online toolkit to help small business owners comply with the new beneficial ownership reporting requirements.

article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

article thumbnail

Should I Automate My Business Processes or Outsource Them?

NextProcess

It’s no secret that automating and/or outsourcing business processes can save your company time and money. But automation and outsourcing work differently, though they often do similar things for your company. Which one should you pick? The choice between automation and outsourcing depends on exactly what needs to be done and how much of your process you want to keep in-house.

article thumbnail

Tech news: Trullion offers AI-powered cloud audit suite

Accounting Today

Trullion offers AI-powered cloud audit suite; april tax solution now covers all 50 states; Workday announces new initiatives, investments and a wellness solution; and other accounting technology news.

Auditing 189
article thumbnail

Automating Tax Payments Through Corporate Bank Accounts for Singapore SMEs: Local and Foreign Entrepreneurs Guide

Counto

Automating Tax Payments Through Corporate Bank Accounts for Singapore SMEs: Local and Foreign Entrepreneurs Guide Automating tax payments through corporate bank accounts can greatly boost operational efficiency for foreign entrepreneurs operating in Singapore. By leveraging automation, businesses streamline tax processes, reduce costs, and ensure compliance with local regulations.

Tax 52
article thumbnail

NY pension buying Vista stake tied to late billionaire Brockman

Accounting Today

Prosecutors alleged Robert Brockman controlled Point, a Bermuda-based entity, and used it to engage in the largest tax-evasion scheme by an individual in U.S. history.

Tax 173
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

Why CorpPass is Essential for Payroll Compliance in Singapore

Counto

Why CorpPass is Essential for Payroll Compliance in Singapore For small business owners in Singapore, managing payroll compliance can be a complex task. Fortunately, CorpPass offers a streamlined solution to manage this effectively. CorpPass is crucial for ensuring your business adheres to payroll regulations and interacts seamlessly with government agencies.

Payroll 52
article thumbnail

On the move: Herbein appoints first COO

Accounting Today

NASBA selects executive vice president; KPMG releases 2024 CEO Outlook Survey; and more news from across the profession.

182
182
article thumbnail

Enhance Your SME’s Financial Performance: A Guide to Improving Return on Equity (ROE)

Counto

Enhance Your SME’s Financial Performance: A Guide to Improving Return on Equity (ROE) As a small business owner in Singapore, understanding key financial metrics is essential for making informed decisions and achieving long-term success. One crucial metric is Return on Equity (ROE). This guide will explain what ROE is, the current trends among Singaporean SMEs, the factors affecting ROE, and practical tips for enhancing it. 1.

Tax 52
article thumbnail

Evolution of the Finance Function: Drivers for 2025

AvidXchange

The finance function is undergoing a profound transformation, driven by emerging priorities and challenges within the industry. In August 2024, AvidXchange surveyed 500 finance leaders to learn more about their priorities and challenges heading into 2025. We found that most of these individuals have experienced the evolution of the finance function firsthand, shouldering new responsibilities outside of the traditional accounting and finance job scope this year.

article thumbnail

Back to Basics with Reconciliations

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.

article thumbnail

Decoding the Equity Multiplier: What Singaporean SMEs Need to Know

Counto

Decoding the Equity Multiplier: What Singaporean SMEs Need to Know As a small business owner in Singapore, you’re constantly juggling multiple responsibilities. From managing day-to-day operations to planning for future growth, it’s easy to overlook some of the finer points of financial management. However, understanding key financial metrics can give you a significant edge in our competitive market.

article thumbnail

Intuit Launches ERP, China Fines PwC, OpenAI's New Model

Cloud Accounting Podcast

Blake and David explore Intuit's new Enterprise Suite, a product that appears to compete with NetSuite in the mid-market ERP space. They also discuss a major audit failure by PwC in China related to Evergrande, raising concerns about the ethics and integrity at large accounting firms. They also discuss the tragic death of a young accountant at EY in India due to overwork and explore the implications of OpenAI's latest model outperforming humans on IQ tests.

CPA 46
article thumbnail

Automating Tax Payments Through Corporate Bank Accounts: What Foreign Entrepreneurs Need to Know

Counto

Automating Tax Payments Through Corporate Bank Accounts for Singapore SMEs: Local and Foreign Entrepreneurs Guide Automating tax payments through corporate bank accounts can greatly boost operational efficiency for foreign entrepreneurs operating in Singapore. By leveraging automation, businesses streamline tax processes, reduce costs, and ensure compliance with local regulations.

Tax 52
article thumbnail

Integrating Wealth Management with Accounting Services

Earmark Accounting Podcast

Join Blake Oliver as he interviews Kyle Walters, CPA firm partner and wealth manager at Atlas Wealth Advisors. Despite not being a CPA himself, Kyle brings a fresh perspective to the accounting world. We'll explore: - The benefits of integrating wealth management and accounting services - How non-traditional backgrounds can lead to innovative approaches - Candid insights into client feedback that CPAs rarely hear - Strategies for delivering the integrated advice clients truly want (Originally re

CPA 45
article thumbnail

Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

article thumbnail

Book Updates for Accurate GST Reporting: Essential Tips for SMEs in Singapore

Counto

Book Updates for Accurate GST Reporting: Essential Tips for SMEs in Singapore As a small business owner in Singapore, managing accurate GST reporting is crucial for compliance and financial health. Ensuring that your books are up-to-date not only helps you avoid penalties but also keeps your business on solid financial footing. Here’s a concise guide to help SMEs enhance their GST reporting practices.

article thumbnail

An ode to auditing

Accounting Fun

Auditors are people too, we’re not nasty and mean No need for fear and loathing whenever we are seen Don’t hide behind your desk or go and nervously take flight We’re only there to try to make sure everything’s all right So when we do a test it isn’t just because we can It’s to check your system’s working right all neatly spick and span When we ask awkward questions it’s simply that we care That your records may be incomplete with not all you need there We look for fraud it’s true but hope to fi

article thumbnail

How CorpPass Transforms GST Filing for Singaporean SMEs

Counto

How CorpPass Transforms GST Filing for Singaporean SMEs Handling GST filing in Singapore can often feel daunting, but CorpPass is here to make the process much smoother. Whether you’re a local SME or a foreign business, CorpPass significantly simplifies interactions with government agencies, ensuring that compliance with GST regulations is straightforward and efficient.

article thumbnail

Vance, Walz hold dueling CEO meetings ahead of VP debate

Accounting Today

In his meeting, Vance touted Trump's pledges to lower taxes and argued for the Republican nominee's tariff policies.

Tax 173
article thumbnail

Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.