Accounting Today

MARCH 11, 2024

The fate of the Child Tax Credit is in the hands of the Senate, but the IRS is ready to implement changes rapidly if the bill is passed.

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Tax Billing 345

Intuit

MARCH 11, 2024

Intuit announced today it has acquired intellectual property and hired the team from Proper Finance to join its Fintech & SBSEG Money teams. Based in San Francisco, the Proper Finance team brings deep expertise in digital banking, payments, money movement, and financial operations and infrastructure. Intuit’s Money portfolio is revolutionizing the way small businesses manage their finances and the Proper Finance team will help accelerate innovation.

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Financial Operations Financial Operations QuickBooks 240

Accounting Today

MARCH 11, 2024

With a wealth of ways to move forward and build their practices, accounting firms need to figure of which to take, and which to pass up.

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Accounting Accounting 321

Insightful Accountant

MARCH 11, 2024

A judge ruled the Corporate Transparency Act's ownership reporting unconstitutional for NSBA and its 60,000+ members by March 1, 2024. This may trigger similar cases nationwide, impacting BOI reporting. Practitioners need to plan their response.

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Accounting Today

MARCH 11, 2024

The internal audit function is gaining more people and funding, according to a new survey released Monday during an Institute of Internal Auditors conference in Las Vegas.

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Auditing Accounting Accounting 299

Insightful Accountant

MARCH 11, 2024

The Bonadio Group climbs to 41st on 2024 Accounting Today Top 100 Firms List, named Top Firm in Mid-Atlantic. Revenue grows over 14% post mergers.

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Accounting Accounting 105

CSI Accounting & Payroll

MARCH 11, 2024

If you started with an interest and turned it into a hobby, that’s awesome! But how can you tell when your hobby becomes a business? You need to know for tax purposes. At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. We know that if a prospect comes to us seeking accounting for a hobby, they wouldn’t be getting the right value from our service.

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Payroll Tax Accounting Accounting 52

Accounting Today

MARCH 11, 2024

President Joe Biden's budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight set to consume Washington next year.

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Tax Budgeting 298

Invoicera

MARCH 11, 2024

Introduction 82% of small businesses are stressed due to late payments and inconsistent cash flow. If you are also one of them, you must be looking for invoicing software to send timely invoices to your clients. But you might also want to customize invoices to fit your brand image. Thus, you need two-in-one software that offers automated invoicing with tailored solutions.

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Invoicing Billing XERO Expense Reports 52

Accounting Today

MARCH 11, 2024

The perception that companies are scaling back their diversity efforts is wrong, according to the AICPA's Crystal Cooke.

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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

finout

MARCH 11, 2024

As the adoption of Large Language Models (LLMs) increases, Finout anticipates a significant expansion in the infrastructure for LLM monitoring and optimization tools. Techniques such as a mixture of experts and LLM quantization, along with architectural decisions like smart LLM routing and caching, can differentiate between a profitable and a loss-making LLM deployment.

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FinOps FinOps 52

Accounting Today

MARCH 11, 2024

The Creating Hospitality Economic Enhancement for Restaurants and Servers would provide a tax deduction for bars, restaurants and entertainment venues with draft beer systems.

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Tax 232

Accounting Tools

MARCH 11, 2024

What is an Adjunct Account? An adjunct account increases the valuation of a liability account. In essence, the credit balance in this account is added to the liability account with which it is paired. An adjunct account may be considered a valuation account, since (on an aggregate basis) it alters the value of the account with which it is related. Adjunct accounts are rarely used in smaller businesses that deal with relatively simple business transactions.

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Accounting Accounting 40

Accounting Today

MARCH 11, 2024

A recent podcast included a discussion of time sheets, practice management and the future of the profession.

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Accounting Accounting 200

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

Accounting Tools

MARCH 11, 2024

What is an Accounting Worksheet? An accounting worksheet is a document used within the accounting department to analyze and model account balances. A worksheet is useful for ensuring that accounting entries are derived correctly. It can also be helpful for tracking the changes to an account from one period to the next. An accounting worksheet is commonly employed as an internal document in which key information is stored, either at a detailed or summary level, to support an accountant’s work in

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General Ledger Account Reconciliation Accounting Accounting 40

Accounting Today

MARCH 11, 2024

AuditBoard announced new artificial intelligence, analytics and annotation capabilities.

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Auditing 189

Accounting Tools

MARCH 11, 2024

What is an Accrual Rate in Finance? Accrual rate is the percentage interest rate applied to the remaining principal on a loan. The concept is used to determine the amount of interest expense accrued between interest payments. The accrual rate is commonly used on bonds , since these financial instruments usually only pay interest at intervals of once every six months, and the interest expense must be determined during the intervening periods.

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Accruals Accounting Accounting 40

Accounting Today

MARCH 11, 2024

The Financial Reporting Council is considering either Canary Wharf or Stratford for its new main office.

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Financial Reporting Accounting Accounting 182

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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

Accounting Tools

MARCH 11, 2024

What is an Allocation Rate? An allocation rate is the standard amount of overhead applied to a unit of production or other measure of activity. This is done when shifting costs to a cost object , which may be required under one of the accounting frameworks to ensure that a full cost is applied to inventory. This information then appears in a company’s balance sheet , in the form of fully-burdened finished goods.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Today

MARCH 11, 2024

With two fields increasingly working together, wealth management and accounting firms are rolling out tools. Are financial advisors ready to work with the robots?

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Tax Accounting Accounting 145

Accounting Tools

MARCH 11, 2024

What is an Accounting System? An accounting system is a set of accounting processes with integrated procedures and controls. The intent of an accounting system is to record business transactions , summarize those transactions into an aggregated form, and create reports that can be used by decision makers to monitor, analyze, and improve operations. Though an accounting system can be entirely paper-based, this situation is usually only found in quite small businesses.

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Accounting Accounting Accounting Software Billing 40

Accounting Today

MARCH 11, 2024

The president's fiscal 2025 budget proposal lays out a second-term vision that would deliver more services, middle-class tax breaks and price controls to voters funded through higher taxes on the wealthy and corporations.

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Budgeting Tax 173

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

MARCH 11, 2024

What are Accrued Expenses Payable? Accrued expenses payable are those obligations that a business has incurred, for which no invoices have yet been received from suppliers. These accrued expenses can be quite common when suppliers routinely issue invoices several days after the end of a month. Accounting for Accrued Expenses Payable An accrued expense payable is recorded with a reversing journal entry , which (as the name implies) automatically reverses in the following reporting period.

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Invoicing Bookkeeping Accounting Accounting 40

Accounting Tools

MARCH 11, 2024

What is an External Dependency? An external dependency is an input from an external source that is required before a task can proceed. This dependency frequently takes the form of an approval. A project manager needs to track external dependencies closely to ensure that each one has been dealt with, so that a project can be completed on schedule. This can be done with ongoing meetings to review the situation in regard to each of these dependencies.

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Accounting Tools

MARCH 11, 2024

What are Accounting Research Bulletins? Accounting Research Bulletins are issuances of the Committee on Accounting Procedure (CAP), which was part of the American Institute of Certified Public Accountants ( AICPA ). The bulletins were issued during the 1939 to 1959 time period, and were an early effort to rationalize the general practice of accounting as it existed at that time.

Accounting 40

Accounting Accounting Financial Accounting 40

Accounting Tools

MARCH 11, 2024

What is an Executory Cost? An executory cost is any expenditure not included in the minimum ongoing payments associated with a lease. These expenditures are usually related to the ongoing maintenance of or operating costs associated with property. Depending on the terms of a lease agreement, the lessee may reimburse the lessor for any executory costs incurred by the lessor, or the lessor may take responsibility for these costs.

Tax 40

Tax Accounting Accounting 40

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 11, 2024

What is an Exception Report? An exception report is a document that states those instances in which actual performance deviated significantly from expectations, usually in a negative direction. It excludes all events in which actual performance was roughly as expected. The intent of this report is to focus management attention on just those areas requiring immediate action.

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Customer Service Budgeting Cost Accounting Accounting 40