Tue.Jul 09, 2024

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The brightest lights in reselling: The 2024 VAR 100

Accounting Today

The firms in this year's VAR 100 see clients focusing ever-more strongly on the cloud — even as they suffer from 'change fatigue.

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Mastering Your Cash Flow Analysis for Financial Success

Accounting Department

Managing a business isn’t easy. Amongst juggling various roles and responsibilities, ensuring your financial health often becomes a daunting task. One powerful tool to help you stay on top is cash flow analysis.

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Rich people freeze themselves, and fortunes, for future revival

Accounting Today

Estate attorneys are creating revival trusts aimed at extending wealth until people who get cryonically preserved can be revived, even if it's hundreds of years later.

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The 2025 U.S. ProAdvisor Awards Are Now Open

Insightful Accountant

Insightful Accountant has launched the 2025 U.S. ProAdvisor Awards. ProAdvisors from the U.S. may apply, but we also encourage the nomination of your favorite ProAdvisor by fellow ProAdvisors and colleagues.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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12 states that rely the most on income taxes

Accounting Today

Only 5% of total local tax comes from income taxes nationwide, but some states rely on it much more.

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Segregation of duties definition

Accounting Tools

What is Segregation of Duties? The segregation of duties is the assignment of various steps in a process to different people. The intent behind doing so is to eliminate instances in which someone could engage in theft or other fraudulent activities by having an excessive amount of control over a process. In essence, the physical custody of an asset , the record keeping for it, and the authorization to acquire or dispose of the asset should be split among different people.

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50 ChatGPT Prompts for CPAs and Accountants

Ace Cloud Hosting

In today’s fast-changing financial environment, accountants and CPAs are constantly seeking ways to improve efficiency, enhance client relationships, and stay ahead of regulatory changes. According to myCPE, 49% of accounting.

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Enhancing equity in tax audits

Accounting Today

While the IRS and the Treasury have committed to tax administration equity, the Government Accountability Office recently found potential unintended biases in some of the systems and methods used by the IRS for audit selection — meaning some populations may be getting selected for audits at a higher rate than others.

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QuickBooks Cloud Accounting: Budgeting Considerations for Cloud Success

Ace Cloud Hosting

Welcome to the final part of our series blog – ‘Budgeting Consideration for Cloud Success.’ Our previous edition explored “Prioritizing Security in Cloud-Based Accounting.” Ending the series on a high.

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Supreme Court continues to limit gov't agencies

Accounting Today

A ruling in the Corner Post case that makes it easier to sue over government regulations will cause 'chaos,' says one expert.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Sage 50 Desktop vs Sage 50 Cloud – What’s the Difference?

Ace Cloud Hosting

When choosing between Sage 50 Desktop and Sage 50 Cloud, it’s crucial to understand the key differences that can impact your business operations. Sage 50 Desktop offers robust, on-premises accounting.

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Rehmann merges in Walker, Fluke & Sheldon

Accounting Today

The Top 50 Firm is expanding in Western Michigan.

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The Benefits Of Outsourcing Accounts Receivable Services For Tree Service Companies

Outsourced Bookeeping

Have you ever wondered how your tree service company could benefit from outsourcing its accounting services for tree services ? Accounts receivables and accounts payables are very important in managing any business and most often they need a lot of time and expertise to be managed. The day-to-day operations of tree service companies involve core activities such as customer relations and field operations.

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Citrin Cooperman acquires S&G

Accounting Today

The Top 25 Firm in New York has added an assurance, tax and advisory firm in Worcester, Massachusetts, the latest in a series of acquisitions since it received private equity funding.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Death, Taxes, and AI

Cloud Accounting Podcast

Today, Blake and David explore how artificial intelligence is reshaping accounting, discussing its potential to handle 70% of information-based tasks and impact workflows like data collection, reconciliation, and client services. They criticize the current theoretical approach to accounting education, advocating for more practical, hands-on learning experiences.

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In the blogs: All the news that fits

Accounting Today

The rich and the audits; after Beryl; just ask; and other highlights from our favorite tax bloggers.

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Which States Require Unused PTO Payouts? Rollovers, Terminations, & Employees Who Quit

CSI Accounting & Payroll

Leftover PTO or black holes: which do humans know more about? It’s hard to say! As a small business owner, you know how important it is to follow the rules. With something as delicate as paid time off (PTO), how do you make sure you stay in compliance? At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. We know more about PTO than most people do!

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Halt High Accounting Firm Turnover | Accounting Talent Podcast

accountingfly

“Turnover is a wildfire that spreads rapidly, leaving firms overworked and in a spiral of death.” Are Your Top Talents Leaving in Droves? Is Turnover Burning Down Your Accounting Firm? In the latest Accounting Talent podcast episode , Rob Brown and Jeff Phillips tackle the critical issue of how to reduce accounting firm turnover rates worldwide. They delve into the root causes of this exodus and offer practical solutions to stem the tide.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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How Automation Can Be Applied to ESG Reporting

oAppsNet

In the landscape of corporate sustainability, the role of automation is becoming increasingly critical, especially in ESG (Environmental, Social, Governance) reporting. Automation in ESG reporting refers to the use of technology to streamline, standardize, and enhance the processes of collecting, analyzing, and reporting data. This technology-driven approach not only simplifies complex data management tasks but also increases accuracy and efficiency.

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Be Insightful Program Goes Live July 15

Insightful Accountant

Insightful Accountant's Be Insightful membership program kicks off July 15 with the first event scheduled for July 18, followed by the 23rd and 30. Join now to get the most out of the program. Join by July 30 for the best rate.

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Building a Strong Financial Foundation: Best Practices for Bookkeeping Firms

The Successful Bookkeeper

Learn best practices to ensure your bookkeeping business is a profitable one!

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What You Missed at RightNOW

Insightful Accountant

Rightworks is re-branding this year in a big way. If you missed out on the RightNOW conference last month, be sure to mark your calendars for 2025.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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7 Ways to Reduce AWS S3 Spend | Finout

finout

Amazon S3 (Simple Storage Service) is the first service launched by AWS. In its 15 years of existence, S3 has changed how businesses worldwide store and access data, effectively kicking off cloud computing and revolutionizing AWS S3 storage costs.

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2025 International ProAdvisor Awards Open Today

Insightful Accountant

Insightful Accountant wants to welcome ProAdvisors from around the globe to participate in the 2025 International ProAdvisor Awards. We also encourage the nomination of your favorite ProAdvisor by fellow ProAdvisors and colleagues.

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Recommendations For AWS RDS Cost Reduction

finout

AWS can be a significant investment, and tools like Finout are instrumental in tracking cloud spending. A common discovery for many users is that Amazon RDS often constitutes a substantial portion of their monthly AWS bill.

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Thomson Reuters Releases Future of Professionals Report

Insightful Accountant

Thomson Reuters has just released its Future of Professionals report, showing that knowledge workers are optimistic about significant productivity boosts, with AI poised to redefine workflows, drive innovation, and unlock new opportunities.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Safety stock definition

Accounting Tools

What is Safety Stock? Safety stock is excess inventory that acts as a buffer between forecasted and actual demand levels. This inventory is maintained so that a company has sufficient units on hand to meet unexpected customer and production demand. Safety stock does not just involve finished goods ; it can also be applied to raw materials , to guard against delays in the delivery of materials from suppliers.