Accounting Today

DECEMBER 22, 2023

A look at the credits, regulations and other tax developments that will shape the coming tax season.

Tax 321

Tax 321

Accounting Tools

DECEMBER 22, 2023

A customer may pay in advance for goods being delivered or services being provided. Possible reasons for a customer advance are noted below. Customer Advance Due to Bad Credit The seller is unwilling to advance credit to the customer and so demands payment in advance. This is most common when the amount of the sale is quite large, since extending credit would represent a substantial risk for the seller.

Accounting 75

Accounting Accounting Reconciling Bookkeeping 75

Accounting Today

DECEMBER 22, 2023

The IRS is pushing back filing and payment deadlines for storm and tornado victims in the Volunteer State.

Tax 316

Tax 316

Accounting Tools

DECEMBER 22, 2023

What is the Job Costing System? A job costing system involves the process of accumulating information about the costs associated with a specific production or service job. This information may be required in order to submit the cost information to a customer under a contract where costs are reimbursed. The information is also useful for determining the accuracy of a company's estimating system, which should be able to quote prices that allow for a reasonable profit.

Billing 75

Billing Computation Cost Accounting Accounting 75

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

Accounting Today

DECEMBER 22, 2023

Accounting Today is looking for firms that belong in its prestigious annual rankings of the biggest practices in the field.

Accounting 211

Accounting Accounting 211

Accounting Tools

DECEMBER 22, 2023

What is the Present Value Factor? The present value (PV) factor is used to derive the present value of a receipt of cash on a future date. The concept of the present value factor is based on the time value of money - that is, money received now is worth more than money received in the future, since money received now can be reinvested in an alternative investment to earn additional cash.

Financial Analysis 75

Financial Analysis Budgeting 75

Cloud Accounting Podcast

DECEMBER 22, 2023

Keila Hill-Trawick joins Blake and David to discuss her philosophy on intentionally building a firm to the "right" size, rather than pursuing endless revenue growth. She also explains how her firm narrowed its service offerings to focus on core recurring services like tax planning and fractional CFO work. Blake and David examine research on how much money Americans think they need annually to be happy, with millennials citing much higher targets.

CPA 65

CPA Auditing Tax Accounting 65

Accounting Today

DECEMBER 22, 2023

The former Swiss bank exec pled guilty in a Manhattan court to using the 'Singapore Solution.

Tax 173

Tax 173

Less Accounting

DECEMBER 22, 2023

Got a new business idea? 2024 could be your year! We’re here to help you lay the foundation for a brilliant new business. Entrepreneurship isn’t for the faint of heart, but it can be one of the most fulfilling careers out there. If you’ve ever wanted to launch a business idea, you know that the entrepreneurial urge to create something isn’t easily silenced.

Bookkeeping 52

Bookkeeping Collections Accounting Software Budgeting 52

Accounting Today

DECEMBER 22, 2023

This simple question above deserves a simple answer, which will hopefully lead to additional questions and dialogue.

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Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

Outsourced Bookeeping

DECEMBER 22, 2023

In the ever-evolving context of corporate operations, effective invoice processing is essential to the smooth running of financial workflows. To meet the constantly changing needs of contemporary businesses, finding the finest invoice processing solutions becomes even more important as we approach 2024. The search for the ideal software goes beyond simple automation; it involves utilizing technology to maximize accuracy, efficiency, and financial transparency.

Invoice Processing 52

Invoice Processing Invoicing Outsourced Bookkeeping Record Keeping 52

Accounting Today

DECEMBER 22, 2023

Plus, Expensify adds budgeting capabilities; Corvee to hold AI bootcamp; and other news from the accounting tech world.

Budgeting 154

Budgeting Accounting Accounting Tax 154

Nanonets

DECEMBER 22, 2023

Introduction Data is the lifeblood of modern marketing and lead generation. Companies implementing data-driven marketing enjoy a sixfold higher likelihood of year-over-year profitability, providing a distinct advantage over the competition.  Marketing teams can potentially generate high-quality leads from many sources for their marketing and customer reach activities.

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Collections Accounting Accounting 52

Accounting Today

DECEMBER 22, 2023

The Connecticut Society of CPAs announces 14 Women's Award winners; Weaver moves to new Sacramento office; and more news from across the profession.

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Advertiser: Paycor

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

Payroll

Nanonets

DECEMBER 22, 2023

The days of stuffed filing cabinets and banker boxes full of loose paperwork are behind us. In many ways, we’re even past the era that centralized company information within a series of Excel workbooks and PDFs shared by file-transfer protocol.  But today presents a range of document management challenges, no matter how far we’ve come.

Accounts Payable 52

Accounts Payable Accounts Payable Collections Invoicing 52

Accounting Today

DECEMBER 22, 2023

Before you delegate, make sure you're doing the right work yourself

CPA 133

CPA 133

Accounting Fun

DECEMBER 22, 2023

Santa's VAT adviser, who wishes to remain anonymous, says she has been pondering some key issues: First things first, is Santa a taxable person? He is only active once a year (though it is a busy night and he visits a lot of countries!). Also his activity is carried out very regularly every year (he never misses). But is he carrying out an economic activity?

Tax 49

Tax 49

Accounting Tools

DECEMBER 22, 2023

What is Nominal Capital? Nominal capital is the aggregate par value of those shares that have been issued by a corporation. Since par value is typically set at $0.01 per share, the total nominal value of a company is quite low. In cases where there is no par value at all, a firm has no nominal capital. Example of Nominal Capital A business sells 1,000,000 shares of its common stock to investors.

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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

Accounting Today

DECEMBER 22, 2023

Proposed rules from the Treasury and IRS raise worries that they may stifle the nascent fuel.

Tax 173

Tax 173

Accounting Tools

DECEMBER 22, 2023

What are Articles of Partnership? Articles of partnership are included in a formal agreement between the participants in a business entity who want to combine their capital and labor. This document is used to govern the many decisions in which partners might engage. These articles are not a legal requirement, but are a good way to minimize friction between the partners in regard to certain organizational issues.

Tax 40

Tax Accounting Accounting 40

Accounting Today

DECEMBER 22, 2023

Proposed rules from the Treasury and the IRS would mean nuclear power producers can't tap into credit for producing clean hydrogen.

Tax 173

Tax 173

Accounting Tools

DECEMBER 22, 2023

What is Normal Activity? Normal activity is the average level of production volume for an extended period of time that incorporates short-term fluctuations. This activity level is used as the basis for a calculation of the standard factory overhead rate, which is then applied to units produced. It can be difficult to arrive at a normal activity level in situations where the level of customer demand varies in an unpredictable manner.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

Accounting

NACM

DECEMBER 22, 2023

?️ On today's episode of NACM's Extra Credit podcast. most credit professionals review existing customer credit limits on an annual basis (64%), while some reassess credit limits as frequently as every six months (23%). Others reassess credit limits less often, such as 18 months (4%) or 24 months (10%) at a time. The frequency of reviewing credi.

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Accounting Tools

DECEMBER 22, 2023

What is a Nonroutine Decision? A nonroutine decision is a choice made to deal with a non-repetitive, tactical situation. These decisions typically involve situations that fall outside of the normal operating procedures of a business. When such a situation arises, the operating procedures mandate that the decision be bumped out of the normal operating flow and sent to a manager for resolution.

Accounting 40

Accounting Accounting 40

Accounting Tools

DECEMBER 22, 2023

What is a Non-Operating Expense? A non-operating expense is an expense incurred by an organization that does not relate to its main activity. When analyzing the results of a business, you can subtract these expenses from income, to estimate the maximum potential earnings of the firm. For example, a business would likely list a lawsuit payout as a non-operating expense, so that investors can still see the results of its core operations before the presumably one-time lawsuit charge.

Financial Analysis 40

Financial Analysis Financial Statements 40

Accounting Tools

DECEMBER 22, 2023

What is an Application Service Provider? An application service provider (ASP) is a third party that provides its customers with remote access to software applications. The vendor maintains the software on its own hardware platforms and provides routine software updates. Users are typically charged a per-person monthly usage fee in exchange for accessing the software.

Accounting Software 40

Accounting Software Accounting Accounting 40

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.

Accounting

Accounting Tools

DECEMBER 22, 2023

What is Negative IRR? Negative IRR occurs when the aggregate amount of cash flows caused by an investment is less than the amount of the initial investment. In this case, the investing entity will experience a negative return on its investment. This concept is most commonly found at the financial analysis stage of a capital investment, where the projected cash flows of a proposed investment are examined.

Financial Analysis 40

Financial Analysis Budgeting 40

Accounting Tools

DECEMBER 22, 2023

What is Net of Discount? There are two definitions of the net of discount term, which are noted below. The first definition of the term is more likely to apply to a consumer, while the latter situation is more likely to apply to a business transaction. Net of Discount - Manufacturer’s Coupon A manufacturer's coupon is typically applied to the price of a product only after all other discounts have been applied to it, or "net of discounts.

Invoicing 40

Invoicing Accounts Payable Accounts Payable Accounting 40

Accounting Tools

DECEMBER 22, 2023

What is Net Worth? Net worth is the difference between the assets and liabilities of a person or business. It is an essential measurement of the financial circumstances of the party in question. A business with a high net worth will find it easier to obtain loans from lenders, since they perceive the entity to be a safe credit risk. A person with a high net worth can place money in investment vehicles that require a large initial investment, but which present the opportunity to earn an above-ave

Accounts Payable 40

Accounts Payable Accounts Payable Accounts Receivable Accounts Receivable 40

Accounting Tools

DECEMBER 22, 2023

What are Nonconformance Costs? Nonconformance costs are the incremental costs incurred by a business when it fails to meet the quality requirements for its products. These costs are incurred as a result of failures in the manufacturing process. The resulting costs are comprised of rework , scrap and downtime costs within the business, as well as warranty claims, recall costs, and lost sales.

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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.

Financial Statements