Thu.Jul 25, 2024

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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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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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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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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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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

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Tax Fraud Blotter: Against the grain

Accounting Today

Kratom ka-boom; what a sport; treed; and other highlights of recent tax cases.

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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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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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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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The Growth Architect: How Financial Leaders are Unlocking Potential

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.

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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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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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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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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

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!

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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.