Wed.Nov 08, 2023

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Vendor Spotlight: Puzzle

Accounting Today

In this Vendor Spotlight we catch up with Sasha Orloff, co-founder and CEO of AI-based accounting solution Puzzle, which launched this past July.

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Building Inclusion: supporting career transitions of veterans through mentorship

Intuit

Tell us a little bit about yourself, your connection to the military, and what brought you to Intuit. I am originally from California, but moved to Tucson when I met my spouse. My grandfather served in the U.S. Army Air Forces and my stepfather served in the U.S. Air Force. On my spouse’s side, I ended up surrounded by veterans, with my spouse’s father, brother, grandfather, and grandmother all having served.

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Cybersecurity for CPAs: Don't empower imposters

Accounting Today

By clicking on malicious links and then entering your login information, you risk letting cybercriminals pretend to be you and send out $250,000 worth of fake invoices.

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Xero’s H1 FY24 financial results: Evolving Xero to deliver on our global aspirations

Xero

Today we announced Xero’s half year financial and operating results to 30 September 2023 (H1 FY24). The results highlight our continued strong revenue growth, which contributed to Xero’s emerging profitability. The strong operating results saw operating revenue up 21% (20% in constant currency (CC)) to $799.5 million. This, along with disciplined cost management and restructuring outcomes, supported a 90% increase in EBITDA compared to H1 FY23, to $206.1 million.

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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

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IPSASB unveils accounting standard for retirement benefit plans

Accounting Today

The International Public Sector Accounting Standards Board has issued an accounting standard for governments around the world to use for reporting on retirement plans.

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FundThrough Ranked Number 431 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™

FundThrough

For Immediate Release PR Contact: Helen Shacklett, Sr. Manager Communications, FundThrough, hshacklett@fundthrough.com FundThrough Ranked Number 431 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™ Attributes 280% Revenue Growth to integrated partnerships and increased solution awarness. Toronto, ON – November 8, 2023 – FundThrough today announced it ranked 431 on the Deloitte Technology […] The post FundThrough Ranked Number 431 Fastest-Growing Comp

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It's 'Suite Success' for Brazilian Manufacturer MogiGlass

Insightful Accountant

This week in our 'International coverage,' Insightful Accountant is featuring MogiGlass of São Paulo, Brazil, which is using NetSuite to make its processes more efficient and provide a platform for continued growth.

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Grant Thornton lays off 200 more employees

Accounting Today

The move comes after the firm cut 300 jobs earlier this year, despite reaching record levels of revenue.

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6 Ways QuickBooks Online Helps Manage Your Payables

Reconciled Solutions

Keeping track of the money you owe can be challenging, but it's critical. Here's how QuickBooks Online can help you manage your payables. The post 6 Ways QuickBooks Online Helps Manage Your Payables appeared first on Reconciled Solutions.

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Trader loses last fight to kick out $1.8B U.K. tax fraud case

Accounting Today

The U.K. Supreme Court rejected lawyers' claims that London isn't the proper place for the Danish tax agency to bring its claim.

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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.

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How Big Data Is Impacting Accounting Firms in 2023

Ace Cloud Hosting

In the world of numbers, a silent revolution is underway. Imagine your accounting processes not just keeping numbers but predicting the future. That’s the magic of Big Data in accounting!

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Eide Bailly merges in Secore & Niedzialek

Accounting Today

Eide Bailly, a Top 20 Firm based in Fargo, North Dakota, has added Secore & Niedzialek PC, a CPA and tax planning firm based in Phoenix.

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Disposal account definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is a Disposal Account? A disposal account is a gain or loss account that appears in the income statement , and in which is recorded the difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of. The account is usually labeled "Gain/Loss on Asset Disposal.

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Set your firm apart with advisory services

Accounting Today

How to offer advisory services the right way

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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.

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Just-in-time inventory control

Accounting Tools

Related Courses Accounting for Inventory How to Audit Inventory Inventory Management What is Just-in-Time Inventory Control? Just-in-time (JIT) inventory control reduces the amount of inventory that a company maintains. The concept is based on a cluster of lean manufacturing activities that are designed to only manufacture enough products to meet customer demand.

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What is the 3-Way Matching Process in Accounts Payable?

AvidXchange

As an AP professional, the last thing you want to do is pay a fraudulent or inaccurate invoice. Today, an increasing number of businesses are using 3-way matching processing to mitigate this risk and reign in company spending. Learn More About 3-Way Matching Automation Table of Contents What is 3-Way Matching in Accounts Payable? AP 3-way matching is the process of taking an invoice for the purchase of goods or services and matching it with the corresponding purchase order (PO) and receiving in

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Bookkeeper Job Description

Bookkeepers.com

Here’s what you need to know about the bookkeeper job description before you start your bookkeeping career. RELATED: Starting a Bookkeeping Business In this article: Has Knowledge on Bookkeeping and Familiar with General Accounting Principles Analytical Able to Deal with Complex Processes Has Problem-Solving Skills Excellent Data Entry and Record-Keeping Skills Attentive to Details and … Bookkeeper Job Description Read More » The post Bookkeeper Job Description appeared first on Bookk

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How Much Do Benefits Cost Per Employee?

CSI Accounting & Payroll

As a small business owner, you may feel like you can’t afford to offer benefits to your employees. While this is a very real situation for many small employers, there’s a wide variety of benefits that you can offer - and some of them are free! Plus, keeping employee satisfaction high with benefits can actually save you money in the long run when you consider the costs of turnover.

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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.

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The Top 4 Non-Productive Activities for Firm Owners

Future Firm

Maximize efficiency by recognizing and minimizing non-productive tasks. Explore the top 4 tasks to enhance productivity. The post The Top 4 Non-Productive Activities for Firm Owners appeared first on Future Firm.

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Advanced AI Applications in Accounting 

Dext

In a world awash with financial data, manual accounting methods now seem almost archaic. Picture heaps of paperwork, long hours and an endless cycle of coffee refills. Although we’ve achieved the capability to collect data like never before, the question remains: How do we manage and make sense of it all?

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3 Digital Marketing Trends Transforming Accounting Firms

Blake Oliver

Did you know top accounting firms are now generating 6-figure leads from their websites? Digital channels are rapidly replacing traditional networking. Here are three marketing trends that should excite and inspire us all.

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Plooto Ranked on the Deloitte Technology Fast 500™ and Technology Fast 50™ Canada for Triple Digit Growth

Plooto

Plooto named a 2023 winner of the Deloitte Technology Fast 50™ Canada and Fast 500 North America awards with 433% growth rate.

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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

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Bookkeeper Job Description

Bookkeepers.com

Here’s what you need to know about the bookkeeper job description before you start your bookkeeping career. RELATED: Starting a Bookkeeping Business In this article: Has Knowledge on Bookkeeping and Familiar with General Accounting Principles Analytical Able to Deal with Complex Processes Has Problem-Solving Skills Excellent Data Entry and Record-Keeping Skills Attentive to Details and … Bookkeeper Job Description Read More » The post Bookkeeper Job Description appeared first on Bookk

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Restructuring charge definition

Accounting Tools

What is a Restructuring Charge? A restructuring charge is a large one-time write-off taken by a business in contemplation of a reorganization. The charge is taken in advance in order to take a one-time "hit" for the full amount of all expected reorganization costs, after which there should be no additional charges. Examples of the costs that may be considered when compiling this charge are employee layoffs, the sale of assets, and shifting assets to new locations.

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Member Spotlight: Endless Opportunities to Grow

NACM

Credit professionals who have been in the industry for decades can fall into a routine of doing what they've always known. NACM's Professional Certification Program gives credit professionals an opportunity to refresh those skills and even learn new ways to complete day-to-day responsibilities.With six levels of certification, Julie Leopard, C.

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Rights and obligations definition

Accounting Tools

Related Courses Essentials of Business Law What are Rights and Obligations? Rights and obligations are an underlying assertion used in the construction of financial statements , stating that the organization has title to its stated assets and has an obligation to pay its stated liabilities. For example, management is asserting that an entity has title to the fixed assets that are summarized into a line item on the organization's balance sheet.

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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.

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Ivanka testifies she had no role in dad's net worth claims

Accounting Today

Her answers, and the documents displayed to her on the stand, show she was deeply aware of the importance of his net worth in securing the best terms on loans.

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Redistributed cost definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What is a Redistributed Cost? A redistributed cost is a cost that has been allocated from one department to another. This situation arises when the costs of a service department (such as the IT department or the janitorial department) are charged out to other departments within a business that utilize their services.

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Can AI Become An Accounting Expert?

Cloud Accounting Podcast

Blake and David examine the downfall of FTX and founder Sam Bankman-Fried and look at some controversies around Deloitte auditors backdating audit paperwork in Canada, receiving only a minor fine. They also marvel at Donald Trump's attempt to blame accountants for alleged financial statement fraud in his organization. All this, and other news including NASBA's CEO's upcoming retirement, IRS budget cut updates, and generational differences around public accounting work environments.

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Asset coverage ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Asset Coverage Ratio? The asset coverage ratio measures how well an organization can pay its debts. It is used by outside analysts, such as lenders and investors , when conducting an examination of the finances of a business. In particular, a lender wants this ratio to exceed a minimum threshold level before it will agree to lend money to a borrower.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.