Thu.Jul 25, 2024

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Broker-dealer audits continue to have high deficiency rates

Accounting Today

The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.

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How Do FinOps Teams Continue to Add Value in an Optimized Environment?

FinOps Foundation

Key Insight: FinOps at enterprise scale requires ongoing discipline, improvement, and maintenance; even if you think you have it all right, new challenges await as your cloud footprint and utilization increases. Accenture helps clients add FinOps Capabilities sequentially – for example, “you might start with tooling and visibility and then move to forecasting” – and simultaneously establishes a regular cadence for governance meetings with both the teams consuming cloud and with senior leadership

FinOps 130
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IRS enhances online accounts, adds more e-file business forms

Accounting Today

The Internal Revenue Service reported further progress on offering more online tools and expanded taxpayer service.

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Boost Your Team's Efficiency With This Month-End Close Checklist

Accounting Department

In the world of finance, the month-end-close process is akin to the grand finale of a well-orchestrated performance. Every note must be in tune, every movement precise, and any slip-ups must be corrected before the curtain falls.

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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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UBS questioned by senator over $350M tax evasion case

Accounting Today

UBS Group AG was asked by a powerful U.S. lawmaker about whether the bank it acquired, Credit Suisse Group, failed to report an American accused of evading taxes on $350 million in income.

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IRS Continues To Expand Taxpayer Services and Online Tools

Insightful Accountant

Quarterly update highlights expansion on individual, business online accounts; Document Upload Tool hits 1 million submissions and more amended returns can be filed electronically.

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The Role of AI in Cash Application

Gaviti

Artificial intelligence is now an integral part of what makes accounts receivable software work and cash application solutions in particular. A/R departments often turn to cash application software at a point when they see a need to replace manual processes with automated ones and realize they are using their talent to complete mundane tasks or spending valuable resources on identifying manual errors that result in payment processing delays.

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Tax practitioners both excited and concerned about gen AI

Accounting Today

A recent survey of tax professionals has found that practitioners hold both excitement and concerns about generative AI, though there is slightly more of the latter than the former.

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Top Remote Accounting Candidates for Hire | July 25, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accounting candidates with no upfront cost. These are just a few of our top remote accounting candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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Automating AR processes brings transformative benefits

Accounting Today

Companies that lag in making payments more streamlined have the potential of risking customer dissatisfaction and falling behind competitors.

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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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3 Things Holding Back the Accounting Industry w/Seth Fineberg

Jetpack Workflow

Podcast Summary Today’s guest, Seth Fineberg , a veteran in the accounting industry and founder of Accountants Forward , shares insights on how firm leaders can lead by example to move the profession forward. He discusses his career journey and current services, emphasizing the importance of instituting positive practices in the industry. Tune in to learn from Seth’s wealth of experience and expertise in shaping the future of accounting.

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Merging TradeGecko into QuickBooks Online

Insightful Accountant

Murph looks at the enhancements to QuickBooks Online that resulted from Intuit's acquisition of TradeGecko.

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Administrative overhead definition

Accounting Tools

What is Administrative Overhead? Administrative overhead is those costs not involved in the development or production of goods or services. This is essentially all overhead that is not included in manufacturing overhead. This can be a substantial proportion of all costs incurred in businesses that are not directly engaged in the production of goods.

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Five tips to make the most of app exhibitors at Xerocon Nashville

Xero

It feels like the magical two days that were Xerocon London just happened, and we’re already preparing to hit the road again for Xerocon Nashville this August! It’s the perfect time to not only meet some of the apps being exhibited at this year’s Xerocon, but hear real-life stories on how connecting apps with Xero can streamline your work and expand your possibilities.

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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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Airwallex Partners with Float to Deliver Bill Payments in Canada

Insightful Accountant

Float’s new Airwallex-powered Bill Pay product expands its leading end-to-end payment solution for Canadian businesses. Embedding Airwallex’s global infrastructure helped Float efficiently bring the product to market.

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Why Trump's Plan To Raise Tariffs Will Backfire

Cloud Accounting Podcast

Blake and David Leary dive into several hot topics in the accounting world including the IRS's renewed focus on enforcement, targeting high-income individuals and non-filers, as well as the push to regulate non-credentialed tax preparers. They also explore the ongoing US CPA shortage and discuss potential solutions, including changes to education and recruitment strategies.